XTRA Lease makes large investment to trailer fleet

XTRA Lease trailer on the roadXTRA Lease has ordered approximately 4,000 new trailers for 2020.

Despite the trucking industry and economy suffering an unrivaled dip due to COVID-19, XTRA Lease says it is still adding a mix of dry vans and reefers to its fleet. The new trailers are a mix of 53 ft. dry vans, multiple length liftgate vans and 48 ft. and 53 ft. reefers. All vans and reefers will have fuel-saving aerodynamic side skirts, low rolling-resistance tires and trailer tracking units to help fleets improve utilization and lower costs, the company says, which each dry van also will be equipped with a cargo sensor.

“There’s tremendous uncertainty in the industry and economy right now,” says Bill Franz, XTRA Lease President and CEO. “Many fleets have cut new production plans because of question marks about the future caused by the coronavirus. Renting or leasing equipment, however, gives fleets an opportunity to operate new trailers, even while their own orders are on hold for now.”

“XTRA Lease regularly refreshes its fleet every year to keep our fleet young, and we’re pleased we can continue to do so in 2020,” Franz adds. “This year, we believe our new trailers will be particularly helpful to companies who aren’t in a position to buy, but still need reliable trailers.”

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