XTRA Lease has purchased the trailer rental business formerly owned by CitiCapital's Transportation Financial Service Group from GE Commercial Finance
XTRA Lease has purchased the trailer rental business formerly owned by CitiCapital's Transportation Financial Service Group from GE Commercial Finance for an undisclosed amount.
“This acquisition strengthens our ability to respond to customers' requirements for trailers during a period of tight capacity and contributes to our plans to grow several product lines,” said Bill Franz, XTRA Lease president and chief executive officer.
St Louis MO-based XTRA Lease will equip the newly acquired over-the-road trailers with FleetView trailer tracking devices.
XTRA Lease, which leases trailers and other equipment, is a division of Omaha NE-based Berkshire Hathaway.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Unlock the secrets to smarter eet routing - discover how dynamic route optimization can cut costs, boost efciency, and help you adapt to real-world challenges.
Discover how eets can evaluate, select, and implement trailer telematics with condence. This step-by-step guide walks you through the entire process, so you can improve visibility...
Read more about how WarmMark QR addresses today’s common cold chain monitoring challenges through an innovative combination of visual and digital tracking.
