News Column

AmeriQuest Transportation Services’ Financial Services Division 10th Largest Private Independent Leasing Company in Nation According to Monitor Magazine

April 24, 2014



CHERRY HILL, N.J.--(BUSINESS WIRE)-- The Financial Services Division of fleet management services provider AmeriQuest Transportation Services is ranked as the 10th largest private independent equipment finance company in the United States by annual funded new business volume, according to Monitor’s Top 25 Private Independents list, a leading equipment leasing and finance magazine.

The $157.9 million of business volume in 2013 was AmeriQuest’s strongest financial performance since its founding in 1998. The company designs specific financial products for a wide variety of customers which operate commercial trucking fleets, including Nestle, Cardinal Logistics, and Reyes Holdings.

Mike Hamilton, Senior Vice President of AmeriQuest Financial Services, noted that the division has become more successful as an increasing number of customers recognize the value of data-driven commercial truck financing and fleet planning. “We go in and look at how fleets are operating based on an analysis of historical factors such as maintenance and fuel data. We determine the total cost of ownership, including fleet replacement strategies, and recommend ways they can lower overall operating costs of 15-20% while increasing fleet productivity.”

More information on AmeriQuest Transportation Services’ Financial Services can be found at http://www.ameriquestcorp.com/transportation/services/truck-financing.aspx.

About AmeriQuest Transportation Services

AmeriQuest Transportation Services, headquartered in Cherry Hill, NJ, is a leading provider of comprehensive fleet management services. By leveraging the strength of more than 700,000 vehicles, AmeriQuest delivers savings, expertise, and opportunities to its private fleet and truckload carrier members. AmeriQuest provides supply management services, asset management services, material handling services, financing, technology products, and outsourced transportation management services such as full service leasing, integrated logistics, and contract maintenance. AmeriQuest has been named seven times to the Inc. 5000 List of America’s Fastest-Growing Private Companies.



AmeriQuest Transportation Services

Elva Legere Clements, 610-520-6140 x203

elva@alvare.com

www.alvare.com

Source: AmeriQuest Transportation Services


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Source: Business Wire