Truck Rental & Leasing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry rent and lease trucks, truck tractors, buses, semi-trailers, utility trailers, and recreational vehicles. Major companies include Cruise America, Hertz, Penske Truck Leasing, Ryder, and U-Haul (all based in the US), as well as LeasePlan (the Netherlands) and Sixt (Germany).
Demand is driven by the health of the economy and the housing market. The profitability of individual companies depends on efficient operations. Big companies have economies of scale in acquiring vehicles and customers. Small companies can compete effectively by providing better service, alternative products, or lower prices. The US industry is highly concentrated: the 50 largest companies generate about 85% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include the rental and leasing of heavy trucks, truck trailers, and buses, which account for about 80% of industry revenue. Other services include rental and leasing of motor homes, travel trailers, campers, and utility trailers, along with maintenance.
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