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The Iceberg Effect of Ownership vs Leasing
January 16, 2024
It’s no longer a question of “should a company outsource their fleet needs”. Many companies already outsource and it’s becoming more attractive every year. According to the 2023 National Private Truck Council Industry Benchmark Report, 49% of the Class 8 vehicle population is leased, while 51% is owned....
Improving Driver Retention Through Quality Trucks with PacLease
December 14, 2023
Millions of truck drivers across the country spend up to 11 hours a day transporting freight and delivering goods. With 72.6% of the nation’s freight transported by trucks, truck drivers hold a vital job, moving $940.8 billion in gross freight revenue last year, and paying $29.12 billion in federal and state fuel taxes. The trucking industry is crucial to our economy. Without truck drivers, the flow of goods across the country would be impossible. Yet, we find ourselves amidst a shortage....
Who’s IFTA Account is Being Used?
June 21, 2023
There are many ways of acquiring a truck; Buying new or used, leasing, or even long-term rentals. But with all these variations who’s responsible for reporting and ultimately filing appropriate fuel taxes? The registered owner of the truck will need to determine if the truck should be reported under the registered owners’ International Fuel Tax Agreement (IFTA) or if the truck will be reported under the Lease Partners’ IFTA....
Your EV Charging Solution
March 31, 2023
PACCAR and its subsidiaries, PacLease, Kenworth, Peterbilt, and PACCAR Parts, have joined the global initiative for emission free vehicles in our industry. PacLease offers a full EV Solution with EV trucks from Kenworth and Peterbilt with a lineup of Electric Vehicle Supply Equipment (EVSE) solutions to support the launch of electric vehicles globally from PACCAR Parts....
EV Trucks are Here; PacLease is Ready
February 17, 2023
Over the past several years, there has been a lot of buzz about electric trucks and rightly so, they represent the future. Fifteen states have followed California’s lead and announced a memorandum of understanding that by 2050, any new medium or heavy-duty truck sold or leased in their state must be emission free. California itself has accelerated that to 2040. Those states hope to have 30% of trucks electrified by 2030. With the growing emphasis on emission reduction and the emerging electric truck market, PacLease has invested in a robust charging infrastructure, certified technicians, and Kenworth and Peterbilt medium and heavy-duty electric truck models at our U.S. based PACCAR Leasing company stores. This spring, our electric rental trucks will make their debut in Texas....