rental truck

Expanding into a new market, lane or delivery model is a significant investment, but using commercial rental trucks can offer a low-risk, cost-effective way to gauge demand before committing to longer-term assets, reducing financial risk.

Taking Advantage of Market Trends

One of the top benefits of rental trucks is their flexibility, which allows businesses to scale up or down quickly based on market demand or changes to their operations. If a market performs well, companies can extend rentals or transition to leasing or ownership. If demand is lower than expected, they can scale down or exit without significant financial losses or a long-term commitment.

Finding the Best Match

Matching the right vehicle type to the operational needs helps optimize efficiency and control costs. Rentals can also allow companies to test different types and sizes of equipment to determine what works best.

Penske offers a diverse fleet of rental trucks that can be matched to different operational needs, including:

  • Cargo Vans: Cargo vans, also known as sprinter vans, are often ideal for last-mile deliveries, rapid replenishment of high-moving items and small parcel services, and urban logistics. They are also a perfect solution for service-based businesses, such as electricians and plumbers, that are expanding operations.
  • Electric Cargo Vans: Companies looking to test electric vehicles or add sustainable options to their fleet can rent electric high-roof cargo vans that have an estimated range of 100+ miles. They have 450 cubic feet of loading space and up to 3,300 lb. payload.
  • Light and Medium-Duty Box Trucks: Box trucks, also called straight trucks, are available in 12 to 26 foot sizes. These can be useful for companies testing new store locations, expanding service areas or evaluating customer demand in new markets. Many box trucks do not require drivers to have a commercial driver’s license, which can help companies expand their driver pool.
  • Refrigerated Trucks: Penske Truck Rental offers 16 foot cabover refrigerated trucks and 18 to 26 foot refrigerated trucks with CDL and non-CDL options. CDL-required trucks have up to a 15,000 lb. payload capacity, while non-CDL trucks have up to an 8,000 lb. payload.
  • Flatbed Trucks: Commercial rental flatbed trucks are perfect for transporting a wide range of medium-duty cargo. Options include 24 to 26 foot non-CDL flatbed trucks with up to 20,000 lb. payload capacity and 24 to 26 foot CDL-required flatbed trucks with up to 18,000 lb. payload capacity.
  • Class 8 Tractors: Penske has heavy-duty Class 8 sleeper and day cab tractors for companies hauling larger payloads.

Tapping Into Trailers

Trailers provide flexible solutions for companies looking to scale up or down or test new strategies, such as trailer pools for drop-and-hook operations or cross-docking. Trailers can also serve as short-term storage, allowing companies to gauge demand before investing in warehouse space. Options include 48 and 53 foot dry van trailers, 40 to 53 foot flatbed trailers and 53 foot refrigerated trailers.

All commercial rentals, including trailers, include maintenance and roadside support. To learn more about leveraging short-term rental solutions to expand operations while minimizing risk, contact us at 844-906-3404.

Flexibility and agility can give businesses a competitive advantage, and rental trucks are a cost-effective solution to tap into additional capacity and equipment without making a long-term financial commitment. Being able to add the right resources as needed can help businesses evaluate new opportunities without a significant, upfront investment.

Here Are 5 Ways To Use Rentals:

Managing Short-Term Surges: Seasonal peaks, promotional events and other temporary increases in demand can create the need for additional capacity. Rental trucks allow businesses to respond quickly to short-term surges without purchasing additional equipment and then scale back down when the market slows.

Trialing New Opportunities: Expanding into new territories, testing alternative lanes or serving new customers can all benefit from an incremental approach. Rental trucks provide an affordable way for fleets to evaluate new business initiatives without committing to long-term leases or ownership. They also allow fleets to refine their approach and confirm demand before scaling up.

Testing Equipment Sizes: Changing needs and operations can alter the types of equipment fleets need. Moving to Class 8 trucks from smaller sizes may allow fleets to consolidate loads and increase efficiency while adding smaller classes can allow fleets to hire non-CDL drivers. Smaller classes may also be beneficial for operations that provide smaller, more frequent deliveries. Rentals allow fleet managers to try different sizes, body types, trailer lengths or other configurations without committing to a purchase.

Evaluating Efficiency: Technology on commercial vehicles is advancing at a rapid pace. Renting different equipment can help fleets compare operational costs and performance against their other equipment, including owned vehicles. Rentals may reveal new areas for cost savings or show which configurations work best for specific routes. They also give fleets a chance to test newer technology, such as driver-assist features, giving fleets insights into potential productivity gains and operational improvements.

Exploring Alternative-Fueled Vehicles: Transitioning to electric or alternative-fueled vehicles is a major decision, and rental trucks offer a low-risk way to experiment with different technologies. Fleets can test how these vehicles integrate into their routes, calculate cost-per-mile savings and gain experience with the infrastructure required to support them. Fleets can use rentals to assess how ready they are for a larger-scale rollout.

Work With Us

Penske offers more than 100,000 well-maintained, late-model commercial vehicle rentals across 2,500 commercial rental facilities. Rentals can be as short as one day or span several months depending on the business’s needs. To learn more, contact a Penske representative at 1-844-906-3404.

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