PRESS RELEASE
Contact:
Kate Donahue
AmeriQuest® Transportation and Logistics Resources Corp.
856.773.0600
kdonahue@ameriquestcorp.com
AMERIQUEST COMPLETES HIGHWAY TRANSPORTATION PRODUCT OFFERING
August 27, 2004, Cherry Hill, NJ—With the acquisition and integration of Complete Fleet Management, Inc., AmeriQuest Transportation and Logistics Resources Corp. now offers customers a complete array of highway transportation solutions. AmeriQuest Asset Services now provides customers with Remarketing Services, Fleet Life Cycle Planning, QuestCapital ™, and Fleet Optimization options. Each product offering is tailored to the specific needs of each customer. “The integration of CFM into AmeriQuest is the final piece towards becoming a total highway transportation solutions provider,” stated AmeriQuest President, Doug Clark Vice President of AmeriQuest Asset Services, Jim Guice brings more than thirty years of highway transportation operations, purchasing, disposal, and asset management experience to AmeriQuest. “Our approach is not the ‘canned lease program’ so common in this industry,” notes Guice. “Our goal is to partner with our customers to offer only the individual programs which make sense.” “The ability to fully unbundle a ‘womb to tomb’ highway transportation product offering is unique in the industry,” echoes AmeriQuest’s Vice President of Remarketing Services, Jim Sweeney. Sweeney also brings more than thirty years of fleet car and truck operations, purchasing, disposal, and asset management experience to AmeriQuest. Fleet Life Cycle Planning involves balancing the running costs, book value and market value of each asset. The point in the life of each asset where these operating curves intersect is known as the “Sweet Spot.” By gaining a thorough understanding of a business and reviewing individual customer assets, improvements can then be made to fleet specifications to lower maintenance costs and increase residual values.QuestCapital™ or QuestLease © is a highly customizable financial product that allows a company to improve cash flow, operational ratios and maximize tax savings. This is achieved through development of a specialized capital plan structured to fit the specific needs of each customer. QuestCapital ™ offers alternative purchase or lease options such as TRAC leases, Synthetic leases, Tax leases or True leases, and Capital leases or Finance leases.
Fleet Optimization solutions have found that for most companies, transportation represents a large part of total logistics cost. By leveraging a firm’s domain knowledge with AmeriQuest’s logistics expertise and tools, considerable value is provided for a relatively low investment. Fleet Optimization offers a different approach that more narrowly focuses on specific operational processes and generally lasts two to three months at a fraction of the cost.
AmeriQuest Remarketing Services focuses on maximizing customer sales proceeds while minimizing selling time and expenses. A customized disposal plan is developed for each asset, utilizing the correct disposal channel at the right time. Other Remarketing Services customer benefits include the ability to locate low mileage, used trucks to backfill needs, implementing a balanced fleet approach. “AmeriQuest has provided a good market for our used equipment. They are well equipped to find buyers willing to pay top dollar for good, used trucks. AmeriQuest has been a valuable business partner, and we intend to continue marketing out used equipment through them in the future” affirms Robert M. Sturgeon, President of Barr-Nunn Transportation, Inc.
About AmeriQuest Transportation and Logistics Resources
AmeriQuest Transportation and Logistics Resources provides procurement services, outsourced transportation management services, asset services, and logistics consulting to the commercial trucking industry. AmeriQuest dramatically cuts costs and optimizes operations for their powerful network of more than 525,000 transportation vehicles. AmeriQuest offers significant discounts with commercial trucking suppliers' fleet-related products, and provides technology driven back office process efficiencies. AmeriQuest enables customers to realize immediate bottom-line savings while adding economic and performance value to industry supply chains.
