trailer leasing

Private equity creates 55,000-unit trailer leasing portfolio

Private equity firm I Squared Capital has created one of the largest trailer lessors in the U.S. One of the firm’s portfolio companies, Star Leasing, has combined with Commercial Trailer Leasing (CTL).

New Jersey-based CTL is a trailer leasing company with more than 19,000 units. The company’s fleet consists of dry vans, reefers, liftgates and chassis that are committed to national and regional customers. The company also provides trailer maintenance services.

Ohio-based Star Leasing recently...

https://www.freightwaves.com/news/private-equity-creates-55000-unit-trailer-leasing-portfolio

FreightWaves Haul of Fame: TIP led the truck and trailer leasing sector

A TIP trailer being hauled by a Penske tractor. (Photo: Jim Allen/FreightWaves)

Transport International Pool began as Container Leasing, Inc. and was founded on September 12, 1957 by a group of entrepreneurs in Philadelphia. The company’s official filing stated that Container Leasing, Inc. would “engage in the business of buying, selling, renting and/or leasing for hire all type of trucks, automotive equipment, railroad equipment, marine equipment, aircraft equipment, and containers of any type and description, and any other items of like nature used in the transportation...

https://www.freightwaves.com/news/freightwaves-haul-of-fame-tip-led-the-truck-and-trailer-leasing-sector

Watchdog agency: USPS spending millions on idle trailers

The results of an audit into how the U.S. Postal Service (USPS) manages its leased trailer fleet found that millions of dollars are being wasted due to lax oversight, according to the agency’s watchdog group.

Specifically, the USPS Office of Inspector General (OIG) determined that the Postal Service spent on average $472,744 per month from January 2019 to March 2020 on idle trailers, costing USPS a total of $7.1 million, due to insufficient monitoring of the fleet by management.

“Management needs...

https://www.freightwaves.com/news/watchdog-agency-usps-spending-millions-on-idle-trailers

Career Tracks: Virgin Hyperloop hires CFO

Mass transportation innovator Virgin Hyperloop has hired Raja Narayanan as chief financial officer.

Narayanan most recently was a senior vice president for the Hyundai-Aptiv autonomous driving joint venture. Prior to that, he was with OneWeb, leading “the creation of a financially compelling offering for commercial aviation,” Virgin Hyperloop said. 

He also was a vice president at Panasonic and led the deployment of a strategic plan for the Internet of Things-based automation of the appliances...

https://s29755.pcdn.co/news/career-tracks:-virgin-hyperloop-hires-cfo

Trailer leasing offers carriers control in a volatile market

truck going down highway

The classic “lease versus buy” dilemma isn’t just about houses and cars; it’s also about trucking equipment. Carriers choose to rent trailers for several reasons, including flexibility, cost savings, and keeping their fleets young. Market volatility has also proven to be a strong motivator.

The current coronavirus pandemic has had something of a roller-coaster effect on the market – sending volumes surging in some sectors and plummeting in others. Carriers experienced weeks of tight capacity,...

https://s29755.pcdn.co/news/trailer-leasing-offers-carriers-control-in-a-volatile-market

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