Merchants Fleet and SCI, 3rd party administrator for delivery companies and owner-operators, announced a partnership today launching a national fleet rental and leasing program for its Logistics Brokers. The program will enable business growth for the Logistics Brokers through reduced vehicle costs, the highest of all operating costs for the group.
“Fleet management is a challenge for all final-mile companies and why SCI is excited to introduce SCI’s newest partner, Merchants Fleet, at a time a solution is needed most. Merchants Fleet’s tailored fleet services will give SCI’s clients options that can reduce operational costs while being flexible enough to respond to growth,” said Peter Fidopiastis, President & General Manager at SCI. “Merchants Fleet’s programs have the breadth and flexibility our Logistics Brokers need to grow their businesses.”
Under the partnership, Merchants will provide vehicle funding and purchase options for new and pre-owned vehicles as well as services to support the day-to-day operations of the vehicles. 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.
“It’s an honor to service the Logistics Brokers of SCI during this time of accelerated growth. With the surge of online ordering and home delivery, our program provides the flexibility to meet the Logistics Brokers’ varied needs,” said Marcus Luce, Director of Logistics Partnerships, Merchants Fleet.
The Merchants program will officially launch to the SCI Logistics Brokers on October 21st.