PacLease sees its lease fleet

Jan. 22, 2007
Vehicle leasing is growing and executives at Paccar Leasing (PacLease) see even more expansion in the years ahead, fueled by the challenges fleets face to continually improve productivity and reduce operating costs.

Vehicle leasing is growing and executives at Paccar Leasing (PacLease) see even more expansion in the years ahead, fueled by the challenges fleets face to continually improve productivity and reduce operating costs.

“We expect our leasing fleet to double by 2010, and our PacLease locations to expand from 280 to 400,” Olen Hunter, director of sales for the company told FleetOwner.

“Our customers are constantly challenged to increase productivity and reduce operating costs, and leasing helps them to do that,” Hunter said. “With just-in-time operations, for example, a hiccup anywhere in the system can create huge expenses, such as having to air-freight critical parts. We have one customer who formed their own private fleet just to deal with such emergencies.

“In fact, as freight capacity got tight over the past several months, we saw a huge growth in private fleets in general as companies tried to offset the risks associated with that freight capacity shortage,” he continued. “Leasing lowers the entry requirements to start a fleet.”

According to PacLease, the company’s leasing business is growing among vocational fleets. “We are focusing on the vocational segment, where Paccar truck nameplates are very strong,” Hunter says. “Because of our flexibility, we can offer the a la carte menu of services to those fleets that they require.”

Among other trends PacLease sees are an increasing demand for auxiliary power units (APUs), particularly installed as original equipment, and a need for telematics among small as well as large fleets. The company has its own telematics offering called PacTrac, a driver performance-monitoring tool powered by PeopleNet.

About the Author

Wendy Leavitt

Wendy Leavitt joined Fleet Owner in 1998 after serving as editor-in-chief of Trucking Technology magazine for four years.

She began her career in the trucking industry at Kenworth Truck Company in Kirkland, WA where she spent 16 years—the first five years as safety and compliance manager in the engineering department and more than a decade as the company’s manager of advertising and public relations. She has also worked as a book editor, guided authors through the self-publishing process and operated her own marketing and public relations business.

Wendy has a Masters Degree in English and Art History from Western Washington University, where, as a graduate student, she also taught writing.  

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