XTRA Lease, a provider of over-the-road trailer rentals and leases, says it is investing more than $300 million in the purchase of more than 10,000 new trailers in 2019.
It’s XTRA Lease’s largest capital investment for trailers in a single year, the company said.
“We invest in new trailers every year to provide the youngest, most reliable fleet of rental trailers in the market,” said Bill Franz, president and CEO of XTRA Lease. “Our purchase this year will lower the average age of our over-the-road vans to 5.6 years. And our flatbed fleet will drop to an average age of 4.9 years.”
With the purchase of new dry vans, reefers, flatbeds and chassis, XTRA Lease’s fleet will grow to approximately 85,000 trailers.
New vans and reefers will be equipped with fuel-saving side skirts, air disc brakes and trailer tracking, free on all rentals and leases, XTRA said.
All new vans include a cargo sensor, also a free service.
“Our goal is to ensure that fleets have access to quality trailers that they can count on to perform well with low maintenance,” Franz said. “A young fleet with disc brakes makes reliability a priority. Trailer tracking, fuel-saving side skirts and cargo sensors help fleets keep utilization high, costs low and drivers driving.”
XTRA Lease’s 2019 purchase includes a mix of:
- 53- and 48-foot dry vans
- 53- and 48-foot liftgated vans
- 53-foot reefers
- 53- and 48-foot flatbeds
Flatbed Overhaul
The fleet will get a significant boost with the addition of 1,400 new flatbeds in 2019, the largest flatbed investment by XTRA Lease in several years.
The company will add a variety of models, including:
- 53-foot spread-axle straight frame and single-drop flatbeds
- 48-foot tandem slider, spread-axle and single-drop flatbeds
- 48-foot 40-ton double-drop with hydraulic removable gooseneck, which is new to the XTRA Lease fleet
- 20/40-foot tridem chassis
New trailers are arriving at XTRA Lease branches now, the company said, and new production is expected to continue throughout the year.