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Truck leasing and rental companies enjoying more business – but for how long?

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Updated Jul 22, 2021

Truck leases and rentals grew during a surge of ecommerce shopping last year and have continued score with fleets “desperate for trucks” amid rising demand and an ongoing microchip shortage that's hampered new truck production. 

To help meet demand, Enterprise Truck Rental plans to open a new location in Macon, Ga. about 80 miles south of Atlanta near truck-heavy Interstate 75, according to Fox affiliate WGXA. A map on Enterprise’s website shows eight truck rental locations in the Atlanta area and none in Macon.

Brisk truck and van rentals brought on by growing online sales combined with a shortage in new truck inventory have helped to counter losses incurred during the pandemic for Enterprise’s car rental division.

“Our truck business has seen an uptick in demand for rentals due to the COVID-related rise of ecommerce and online shopping,” said Enterprise Truck Rental Vice President Mike Pugh.

[Related: When truck leasing makes sense]

“Typically, we see a natural peak in demand for our business several times throughout the year, particularly in the summer and holiday seasons where demand doubles,” Pugh added.