PacLease: Grown to More Than 400 Locations Internationally in 30 Years
By SiefkesPetit Communications
Bellevue, Washington — PACCAR Leasing, known to most folks in the trucking industry as PacLease, is celebrating 30 years of financial alternatives and transportation management this June.

“PacLease was founded on the idea that companies should concentrate on their core business and leave the financing and management of trucks to a company that specializes in spec’ing and maintaining them,” said PacLease President Bob Southern.

When PacLease began its full-service leasing business 30 years ago, deregulation in the trucking industry allowed many new carriers to enter the transportation business. “The increased competition drove down rates to levels attractive to private companies, but it also eroded service levels,” Southern said. “That led many private companies to consider running their own trucking operations. But they needed expert assistance with managing the maintenance and operation of their trucks, and that’s where the newly formed PacLease offered a simple solution.

“Thirty years later, companies face new challenges…” continued Southern. “They must adopt new truck technologies, meet stricter state and federal emission regulations and deal with fluctuating fuel prices driven by changing global supply and demand. … PacLease does business with many of the top private fleets in North America .”  

The company has grown from only seventeen locations in 1980 to more than 400 locations in the United States, Canada, Mexico and Germany, and leasing more than 30,000 vehicles around the world.

“With over 30 full-service leasing locations in Mexico, [for example] business in the country has grown exponentially and is a significant part of our success,” he said. “In Europe, PacLease broadened its reach and service capability for European and global customers requiring premium full service lease and rental products. International expansion continues to present significant growth opportunities for PacLease as more customers look for global transportation services.”

According to the National Private Truck Council, private fleets operate more than 4 million medium- and heavy-duty commercial trucks in the United States alone, representing more than 80 percent of all commercial trucks on the highway.

For more information:
Jennifer Davis, PACCAR Leasing Company
This e-mail address is being protected from spambots. You need JavaScript enabled to view it  
(425) 468-7032