PacLease Continues Canadian Growth, Adds New Location in Moncton, NB

 

BELLEVUE, Wash., Dec. 1, 2008 – PACCAR Leasing Company (PacLease) continues its Canadian franchise network expansion with the addition of a new full-service lease location in Moncton, New Brunswick. The new PacLease location is operated by Bayview PacLease.

“We’re pleased to be adding this new location to our expanding service network in Canada,” said PacLease President Bob Southern. “The demand for full-service leasing continues to grow because it offers companies a compelling, off-balance-sheet financing solution to their transportation needs.

“This new location will help us meet that demand and expand PacLease’s industry-leading customer service in New Brunswick,” said Southern.

Bill Ervin, vice-president of sales and leasing for Bayview PacLease, said because Moncton lies at the crossroads of the Atlantic provinces, its economy benefits from all of the activities that happen throughout the region. With mineral exploration and mining playing a significant role in the New Brunswick economy, strong market conditions for metals, fertilizers and energy have helped the economy continue to expand.

There’s also been a lot of construction activity in both the residential and commercial sectors, Ervin said.

“We expect demand for full-service leasing through PacLease will be strong, particularly since we can offer quality Kenworth trucks custom spec’d with the equipment that can help customers run more efficiently in a variety of applications, including line haul, construction, and pick-up and delivery,” Ervin said. “We think full-service leasing will be the way of the future for many local companies since they won’t have to worry about truck maintenance, which is becoming more and more complex with new technologies being introduced.

“We’re also seeing interest from local governments that like the idea of being able to lease custom-spec’d trucks with the latest emission reduction technologies without the worry of dealing with their maintenance,” he added.


The new Canadian location is:
Bayview PacLease, 235 Commerce Street, Moncton, New Brunswick E1H 2G1, (506-862-0953).

PacLease provides customized full-service leasing programs and truck rentals for customers in a wide variety of industries. To learn more about PacLease programs contact a local PacLease location or visit www.paclease.com.


About PacLease and PACCAR

PACCAR Leasing Company (PacLease) is one of the fastest-growing, most innovative commercial truck leasing companies in the transportation industry. PacLease has independent and company-owned full-service leasing locations throughout the United States, Canada, Mexico and Germany. PacLease provides customized full-service lease, rental and contract maintenance programs designed to meet the specific needs of customers. A combination of reliable, custom-built trucks and complete service offerings allows customers to maximize the value of their transportation resources.

PACCAR Leasing is a part of the financial services group of PACCAR Inc, a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.

#