Giant order: Volvo lands major 400-truck deal
TEL, one of the U.S.’s largest fleet leasing providers, has placed an order for 400 Volvo VNLs – Volvo Trucks North America’s new flagship model for long-haul transport. This marks one of the largest Volvo VNL orders to date.
Headquartered in Chattanooga, Tennessee, TEL operates one of the largest fleet leasing programs in the country, providing heavy-duty trucks to fleets and owner operators across North America.
Their investment in 400 Volvo VNL 860 sleepers is one of the largest to date for Volvo Trucks North America and reflects a growing trend among major transport companies to upgrade their fleets to improve fuel economy, safety, driver comfort and uptime.
“This significant order for the all-new Volvo VNL reflects the confidence fleets have in our flagship platform,” said Peter Voorhoeve, president of Volvo Trucks North America. “One year into production, the real-world performance of the new VNL is delivering measurable results in fuel efficiency, safety and driver comfort. With 400 Volvo VNL 860 sleepers entering service through TEL’s leasing program, we are putting premium long-haul experiences into the hands of drivers across North America.”
Designed for fuel efficiency
The all-new Volvo VNL was engineered for optimal fuel efficiency, delivering up to a 10% improvement over the previous model through advanced aerodynamics and powertrain refinements.
Production began in October 2024 at the New River Valley assembly plant in Dublin, Virginia, and approximately 15,000 new VNLs are now in commercial traffic across the U.S. and Canada.
“The Volvo VNL 860 brings a distinct combination of innovation, safety and efficiency that complements the rest of our fleet extremely well. This gives our customers more choice and flexibility while maintaining the high standards they expect from TEL” said Aaron Thompson, Vice President of Asset Management for TEL.
“TEL has been a trusted provider to the transportation industry for over 20 years,” Thompson continued. “We are committed to investing in equipment that supports our owner-operators and fleets in a way that gives them the lowest total cost to operate. Adding Volvo to our leasing lineup is a natural next step for TEL.”
About TEL
TEL was founded in 2004 and has grown into one of the largest fleet leasing providers in the United States. The company offers Class 8 sleepers and day cabs from leading original equipment manufacturers, along with flatbed, refrigerated, and dry van trailer options. TEL’s fleet leasing strategies are designed to help carriers and private fleets scale efficiently while protecting cash flow, with equipment turned at optimal utilization points to deliver high-value inventory to owner-operators and fleets nationwide.
CAPTION: Volvo Trucks North America has received one of the largest orders of the all-new Volvo VNL to date in North America. The order from TEL for 400 Volvo VNL 860 sleepers is a signal of strong market demand.