Xtra Lease goes one way with fleet rebalance effort

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Xtra Lease is turning to fleets and shippers to assist with a fleet balance issue: free use of its eastern-based dry vans when dropped off in California. Xtra Lease is offering to let fleets that pick up a rental trailer from an east or southeast branch use the trailer free for up to 30 days, as long as they drop it off at a branch in California. The company hopes this collaboration will assist carriers who need westbound one-way trailers while helping the company address its balance issue.

“Our goal is to create a win-win solution for carriers and Xtra Lease,” says Bill Franz, Xtra Lease chief executive officer and president. “Customers receive use of a dry van trailer to take wherever they need it, and they can use it for no cost for up to 30 days. For us, it provides the opportunity to place trailers where we need them and where our West coast customers need them. Right now, our fleet is disproportionately balanced. With a surplus of west-to-east freight traffic, it’s created an oversupply of trailers for us in the east and southeast. We’re turning to creative solutions to adapt, while helping our industry partners who need one-way trailers going west.”

The free trailer incentive is available to qualified companies. For more information and details about the program, go to xtralease.com/onewaywest.