Peak season

Milestone Trailer Leasing Continues to Invest in Modern Equipment, Adds 1,500 Trailers to Expansive National Fleet

St. Charles, MO (June 6, 2018) – In a continued effort to expand its offering of personalized solutions for customers, Milestone Trailer Leasing has acquired leases for 1,575 dry vans from Heartland Express of North Liberty, Iowa. This move will add additional trailers – manufactured between 2014 and 2017 – equipped with tracking, tire inflation systems and lift pads to Milestone’s already expansive fleet spanning 25 markets.

“Milestone’s depth of industry experience, flexible deal structuring, lender relationships and nationwide branch network uniquely positions the company to craft and execute on this type of transaction,” says Don Clayton, Milestone President and CEO.

New Equipment, More Opportunity

The Milestone – Heartland deal provides Heartland the opportunity to move out of the leased late model fleet that was part of its July 2017 purchase of Interstate Distributor Company (IDC) while providing for a quick and orderly return of all 1,575 trailers to locations throughout Milestone’s nationwide branch network.  Additionally, the structure of the transaction allows Heartland to focus on the replacement of the IDC fleet with trailers made more to its specifications.

“This transaction allows Heartland to execute our financial and fleet strategies effectively and efficiently,” says Michael Gerdin, Heartland President and CEO. “Milestone’s extensive experience in large multi-location trailer fleet programs gave us confidence in working with the Milestone team.”

This announcement comes on the heels of Milestone’s expansive growth in the last three years – including the addition of $400 million of equipment. Inventory comprises of approximately 85,000 trailers, chassis, and containers provided to customers under flexible operating lease and rental structures. “The company continues to respond to customer and market demand,” says Clayton. “We are dedicated to driving results for our partners.”

 

 

About Milestone Equipment Holdings, LLC

Milestone is one of the largest and fastest growing transportation equipment leasing companies in the US, operating a diversified fleet of over 84,000 pieces of equipment including Domestic Chassis, Domestic Containers, Marine Chassis, Highway Trailers, Intermodal Trailers, Storage and Convention Trailers, Flatbed Trailers, Refrigerated Containers and Trailers, and other specialty equipment.

Headquartered in St. Charles, MO with an operational center in Chicago and 60+ commercial locations across the country, Milestone has acquired intermodal and highway fleets for our operations since 1995, while managing and leasing equipment on behalf of institutional and private investors. Our customers include trucking companies (over-the-road and LTL), third-party logistics (3PL) companies, package carriers, private shippers, railroads, steamship operators, beneficial cargo owners (BCOs), retailers, manufacturers and other companies throughout the transportation sector. The Milestone fleet allows all of these industry segments to maximize equipment utilization and transportation efficiency without the burden of owning their own equipment.

Our management services include committed peak and surge capacity programs, complex consulting and structured deals (including sale-leaseback transactions and fleet refresh programs), maintenance and telematics consulting and services, comprehensive management of third party transportation equipment assets, and equipment acquisitions and remarketing.

For more information, please visit: https://www.milecorp.com/

 

 

in Companies / Press Releases / Trailer Leasing
Milestone Trailer Leasing - Peak Season

Staying Ahead of the Game During Peak Season

We are in the midst of peak season – the months of August through December. This is when customer sales explode, particularly as holiday product comes in on ocean containers. This requires trucks to transport merchandise to the box stores in time for holiday shopping.

Because of this surge, many shippers and trucking companies need to supplement their fleet with rental trailers to meet the demands of peak season. With trailer availability at the tightest point of the year, shippers can expect it to be difficult to fill their needs. Milestone plans ahead by making sure all trailers are ready to go as capacity gets tight during this time of year.

“We recommend planning ahead and letting us know what their anticipated needs will be,” says Lori Crider, Sales Manager at Milestone Trailer Leasing. “The earlier they are reserved, the better.”

Milestone’s mission is to provide transportation equipment under the most creative, cost effective and flexible structures to optimize the value of our customer’s supply chain. Consider the following checklist as the first step in fostering your demand during a busy peak season.

Peak Season Checklist

Milestone has your back. Below is your checklist to prepare for Peak Season:

Confidence During Peak Season

Your Surge in Business, Our Dedicated Capacity

  • Secure your trailers only as necessary to satisfy peak demand
  • Visibility into expenses allowing you to avoid unexpected costs

All of Your Transportation Needs – One-Stop Shop

  • Choose the Right Equipment: Over the Road (OTR) and Intermodal Equipment (trailers, containers, chassis)
  • Connect with Your Local Branch: Our Nationwide Network includes 25+ locations across the US, stretching from Las Vegas and Southern California to America’s Heartland and the South to the East Coast

Choose Your Customized Program

  • One or multiple years
  • Lease and rental
  • Expand or contract with business requirements
  • Maintenance, parking and delivery options
  • Flexible terms and options
in Companies / Trailer Leasing