XTRA Lease
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XTRA Lease adds 4,000 new trailers amid 2020 COVID-19 pandemic

May 28, 2020
Latest equipment order by trailer rentals, leases provider includes dry vans, liftgate vans, select set of 53-foot reefers

New trailers now are coming off production for semi-trailer rentals and leases provider XTRA Lease, which ordered approximately 4,000 new trailers for 2020.

With the industry and economy suffering an unrivaled dip due to COVID-19, XTRA Lease says it still is adding a mix of dry vans and reefers to its fleet. New trailers will arrive at each of the company’s nearly 50 rental locations throughout the year.

XTRA Lease’s 2020 purchase includes a mix of:

  • 53-foot dry vans
  • 53-, 48- and 28-foot liftgate vans
  • A select set of 53-foot reefers, and 53- and 48-foot liftgate reefers

All vans and reefers will have fuel-saving aerodynamic side skirts, low rolling-resistance tires and trailer tracking units to help fleets improve utilization and lower costs, XTRA Lease said. Each dry van also will be equipped with a cargo sensor.

“There’s tremendous uncertainty in the industry and economy right now,” said Bill Franz, XTRA Lease president and CEO. “Many fleets have cut new production plans because of question marks about the future caused by the coronavirus. Renting or leasing equipment, however, gives fleets an opportunity to operate new trailers, even while their own orders are on hold for now.

“XTRA Lease regularly refreshes its fleet every year to keep our fleet young, and we’re pleased we can continue to do so in 2020. This year, we believe our new trailers will be particularly helpful to companies who aren’t in a position to buy, but still need reliable trailers.” 

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