PHH Arval, announced the opening of its commercial truck center in Virginia Beach. Commercial Truck Center of Virginia, LLC (“CTC of Virginia”), located at 740 S. Military Highway, is the company’s first in the country to focus on used light, medium and heavy-duty trucks.
“The Port of Norfolk and large military presence supports a number of independent freight and transport businesses that will find value in our inventory of used trucks,” said Tom Keilty, COO and senior vice president for PHH Arval. “In addition, CTC of Virginia will enhance returns for our customers’ leased assets by providing a retail channel of distribution for off-lease vehicles.”
“CTC of Virginia is a welcome industry for Virginia Beach,” said Warren D. Harris, director of Virginia Beach Economic Development. “PHH Arval is a leading innovator of global fleet management services, and we anticipate this new commercial truck center will be a model to be replicated in other areas of the country. It will certainly be beneficial for this region’s numerous logistics-dependent companies to have these services available to enhance their operations.”
CTC of Virginia offers a large selection of off-lease light work trucks that are a good fit for small business contractors such as plumbers, electricians, and general contracting companies. PHH Arval’s newest enterprise joins other franchise locations in Williamsburg, Va. and Edenton, N.C.
