XTRA Lease makes largest single investment in trailer inventory

Xtra 2 300x229XTRA Lease announced this week it is investing more than $300 million to purchase more than 10,000 new trailers in 2019. It is the largest capital investment made by XTRA Lease for trailers in a single year in the company’s history.

With the purchase of new dry vans, reefers, flatbeds and chassis, XTRA Lease says its fleet will grow to approximately 85,000 trailers. The company says its new vans and reefers include 48 and 53 ft. dry vans, liftgated vans, flatbeds and 53 ft. reefers. The trailers will be equipped with fuel-saving side skirts, air disc brakes and trailer tracking, free on all rentals and leases, the company says. All new vans include a cargo sensor, also a free service.

“We invest in new trailers every year to provide the youngest, most reliable fleet of rental trailers in the market,” says Bill Franz, president and CEO, XTRA Lease. “Our purchase this year will lower the average age of our over-the-road vans to 5.6 years. And our flatbed fleet will drop to an average age of 4.9 years.”

“Our goal is to ensure that fleets have access to quality trailers that they can count on to perform well with low maintenance,” he adds. “A young fleet with disc brakes makes reliability a priority. Trailer tracking, fuel-saving side skirts and cargo sensors help fleets keep utilization high, costs low and drivers driving.”

The company says its new trailers are arriving at XTRA Lease branches now, and new production will continue to occur throughout the year.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover