Company’s Innovative EVAN Tool Helping Define The Future of Transportation for Corporate Fleets In The Global Cold Food and Beverage Supply Chain

FORT LAUDERDALE (December 7, 2023) –Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management announced today that it has been recognized as a top five overall winner of  Food Logistics and Supply & Demand Chain Executive’s 2023 Top Software & Technology Providers Award for the tenth straight year. As the supply chain software and technology sector continues to grow, boosting e-commerce, optimization, ESG compliance, work safety, and more, this award spotlights Fleet Advantage as one of the top software and technology solutions providers in the sector for the Procurement/ Enterprise Resource Planning (ERP) category.

Annually, the Top Software & Technology Providers Award recognizes software and technology providers that have showcased innovation, automation, and optimization to ensure a safe, efficient, and reliable global cold food and beverage supply chain.

In response to the shifting landscape of corporate transportation fleets, characterized by unprecedented supply chain challenges, evolving ESG goals, and new regulatory requirements, Fleet Advantage was recognized because of its revolutionary EV Life Cycle Cost Analysis Tool, EVAN, (Electric Vehicle Analytic Navigator), which helps to further identify and optimize Total Cost of Ownership (TCO) for corporate transportation fleets to determine the efficacy of utilizing electric vehicles. As the procurement cycle for fleets has evolved from a yearly process to strategic planning spanning two, three, or even five years, Fleet Advantage’s forward-thinking approach has empowered organizations to make informed decisions about alternative fuels, sustainability, and the adoption of newer technologies.

EVAN, part of the company’s TCO Tech Stack compares diesel and electric Class 8 vehicles, factoring in crucial variables such as fuel and mileage data, equipment costs, charging expenses, grants, depreciation, and more, enhancing informed decision-making for fleets to determine the optimal timing and method for adopting alternative fuel technologies.

As part of Fleet Advantage's commitment to sustainability, EVAN has been instrumental in providing geographic-specific cost comparison data. Fleet and supply chain executives have been able to evaluate the viability of transitioning to electric vehicles based on actual transportation utilization data. This personalized approach ensures that companies can achieve their sustainability goals while optimizing their bottom line.

“It’s an incredible honor to be recognized as an overall top five winner of the Top Software & Technology Provider Award by Food Logistics and Supply & Demand Chain Executive,” said John Rickette, CTP, Vice President of Portfolio and Manager of the Transaction Management Team at Fleet Advantage. “Since inception, Fleet Advantage has remained committed to sustainability and our dedication to providing cold food and beverage supply chain organizations with the necessary tools to make informed decisions for their transportation fleets continues as we enter 2024.”  

For more information on this award and to view other Top Software & Technology Provider honorees, please visit www.foodl.me/39lje2.

About Fleet Advantage 

Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $2.6 Billion assets and over 20,000 units under its Life Cycle Cost Management program. This comprises a client portfolio of more than 50 of America’s top corporate fleets, including five (5) of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation.

###

Editor’s Note: Please use Fleet Advantage’s latest logo for use in any stories. Click here to access downloadable logo.