Should you lease or buy trucks?

When I purchased my first truck 25 years ago, I didn’t have a clue what I was doing. The lease I signed for one truck could’ve bought me a small…

Frigid Financing: Considerations when acquiring a reefer

When it comes to financing reefers, they are just like any piece of equipment. Yes, they obviously cost more than dry vans, but they will usually generate more revenue. But your financing options will vary.

Canvec acquires Location RP assets

MONTREAL, Que. — Canvec Leasing has acquired the assets of Location RP, a Montreal-based business that specialized in renting semi-trailers and container chassis. In the process, Canvec increases its fleet…

When it comes to trailers, short-term options may have long-term benefits

As equipment orders continue to surge, pushing delivery dates well into the first quarter of next year, fleets looking to add to their assets might want to consider shorter-term options like leasing or renting for trailers.

Alternative Financing: Will your lender buy in to alternative fuel?

MONTREAL, QC -- Trucks that run on alternative fuels promise to be easier on the environment, but the equipment itself can be tougher on a capital budget. Consider natural gas. It’s historically cheaper than diesel, but the trucks that use it can cost an extra $50,000 to $100,000 over the price of their conventionally fueled counterparts, depending on the spec’s.

Financial Planning: Structure a lease that’s right for you

TORONTO, ON -- What is it that you do best: fix trucks, manage toll payments and fuel taxes, change tires, sell used trucks, or move freight? If you're even a modestly successful fleet in today's market, you're probably pretty good at most of the above, but you probably wish you could devote more time and resources to your core competency - moving freight. About 10 years ago, André Boisvert, vice president and co-owner of Lachine, Quebec-based Trans-West Group, concluded that he was better at transportation and logistics than he was at maintenance and fleet management.

Idealease From Tallman Truck Centre

Harness our flexible lease, rental, and maintenance options for your commercial trucking fleet with Idealease. Tallman Idealease offers straight trucks, day cab and sleeper tractors, flatbeds, refrigerated trucks, trailers, and even specialized equipment in our rental fleet.

Bestpass expands to leased equipment providers

LOUISVILLE, KY - Bestpass has unveiled a toll management system designed specifically for those who lease equipment of any size - and by 2018 it expects to include most Canadian toll routes in its North American network.

Want a trouble-free rental or lease? It’s in the details

Every piece of equipment comes at a price. Look no further than your accounts -payable department or the bank account for proof. But decisions around renting, leasing or financing involve far more than payment values alone. Those who work with unique equipment spec's or hold onto trucks and trailers for extended periods of time are prime candidates for purchase financing. Every year of service after an asset has fully depreciated is a bonus. Leasing tends to be the strategy of choice for those with shorter trade-in cycles or other plans for business capital. Then there are the rentals to address seasonal or short-term surges in freight volumes, or even temporary storage.

Tallman Group Acquires Lease Portfolio

MISSISSAUGA, ON - Tallman Group on Thursday said it completed its purchase of certain full service lease truck assets from Tandet NationaLease on the final day of 2015.

Transcourt Adds to Team, Holds Series of Customer Events

OAKVILLE, ON -- Transcourt Tank Leasing has announced the appointment of its vice president for business development in Western Canada while it has been embarking various customer appreciation events throughout Canada.

NationaLease Summit Set for November in Montreal

DOWNERS GROVE, IL -- NationaLease announced its 2015 Canadian Leadership Summit will be held Nov. 3-5, at the Hyatt Regency, Montreal. This summit, now in its eighth year, is the opportunity for networking and discussion among the most important topics affecting the Canadian truck leasing industry, according to the group.

Transcourt Adds to Western Canada Team

OAKVILLE, ON -- Transcourt Tank Leasing has announced the appointment of Kevin Quick to the role of vice president of business development for Western Canada, which includes British Columbia, Alberta and Saskatchewan.

Penske Opens Two Western Canada Locations

READING, PA -- Penske Truck Leasing opened two facilities in Canada this week, one in Surrey, BC and the other in Calgary, AB.

Ryder’s idea of a woman’s truck

MIAMI, FL - Ryder is now offering a female-friendly heavy-duty truck package for lease; a first for trucking. The custom specification was designed with the help of several OEMs and the Women In Trucking Association.