Merchants Fleet and the final mile delivery orchestration and fulfillment platform, OneRail, are launching a national fleet rental and leasing program for its logistics partners, which will enable business growth for the logistics partners through reduced vehicle costs.
Under the partnership, Merchants will provide funding options as well as services to support the day-to-day operations of the vehicles. OneRail provides real-time visibility, actionable data, and data-driven optimization capabilities for its enterprise clients, according to the company.
“We have seen significant growth in last mile over the past several months,” said Matt Schultz, VP of logistics partnerships at OneRail. “Merchants Fleet’s programs are robust and offer a high level of flexibility, which will help our LPs scale up their businesses to meet new demands.”
In alignment with their core value of flexibility, Merchants will offer several funding options, to include: rentals, rent-to-lease, traditional lease terms, vehicle purchasing, and own-to-lease. Their rent-to-lease option is an exclusive offering in the fleet management industry, and was developed as a way to accommodate the needs of industries like last mile that experience rapid fluctuations and need creative ways to scale. The service offerings will include managed programs for fuel, maintenance, telematics, and remarketing vehicles at the end of term/use.
“With the surge of online ordering and home delivery, many last mile logistics companies need to find ways to scale up quickly,” said Diana Holland, strategic pursuits VP of Merchants Fleet.
The Merchants program was officially launched to the OneRail logistics partners June 25, 2020.