Recognition Highlights Company’s Ongoing Impact in Transportation Technology with Innovative Solutions for Heavy-Duty Truck Fleet Management
FORT LAUDERDALE (December 12, 2024) – Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management, announced today it has been honored as a Most Innovative Company by World Finance Magazine for the second consecutive year. The company was recognized for its innovations in the trucking technology industry, particularly its standout fleet-oriented software tool that is designed to modernize the lease surrender process for organizations with transportation fleets.
As World Finance Magazine is a critically acclaimed magazine providing in-depth coverage and analysis of the financial industry and global economy, its Most Innovative Award program has continued to recognize companies across the globe for 18 years who have taken innovation to new levels. The judging panel, comprised of the publication’s editorial staff, was impressed with Fleet Advantage’s significant contributions to the equipment finance sector, which is experiencing notable growth and demands innovative solutions to meet evolving challenges.
Fleet Advantage’s innovative fleet-oriented software tool addresses critical challenges in financing and leasing heavy-duty truck assets. By digitizing and streamlining the lease surrender process, Fleet Advantage has successfully reduced the average surrender timeline, while achieving a remarkable 45% reduction in inaccuracies compared to traditional methods. This solution not only maximizes operational efficiency but also reduces costs for the company’s corporate fleet clients.
The impact of Fleet Advantage’s software extends beyond immediate client benefits, in which the company is poised to enhance credit limits and capacity within the transportation industry by improving efficiency and transparency in leasing and surrender processes. With a comprehensive approach that involves extensive client consultations, Fleet Advantage has created a solution that delivers tangible value to organizations managing complex transportation fleet operations.
“We are thrilled to receive this recognition from World Finance Magazine for the second year in a row, said Brian Holland, President and CEO of Fleet Advantage. “Fleet Advantage has positioned itself as a leader in trucking data technology and as the transportation industry continues to evolve, we remain committed to technological innovation that creates sustainable solutions meeting the diverse financial and operational needs of our clients.”
To view the list of all World Finance 2024 Most Innovative Companies and learn more about the award, please visit https://www.worldfinance.com/innovation-awards.
About Fleet Advantage
Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $3 Billion in assets and over 30,000 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.