The heavy-duty trucking industry continues to deal with many of the same issues it has experienced in recent memory. Company executives and operators remain focused on areas such as driver retention, safety regulations, diesel prices, electronic logging, tax law, and total cost of ownership to name a few. Additionally, industry professionals continue to keep a watchful eye on the broader economy to identify trends that may impact the transportation industry.
One area with ties to each of these is leasing. There are clear signs that point toward more industry executives changing their business philosophy and moving toward a shorter asset lifecycle to lower their total costs, with leasing as the preferred mode of equipment acquisition.