A Billion Dollars of Dry Powder: Why 10 Leasing is Betting on a Market Turnaround

Send us Fan MailIn this episode of the Trucking Risk and Insurance Podcast, we sit down with Hooman Yazhari, CEO of 10 Leasing, to discuss the current state of the trucking industry, fleet management, and the future of trailer leasing. 10 Leasing is a major player in maintenance, repair, fleet management, and financing, specializing in trailers like dry boxes, flatbeds, chassis, and refrigerated units across the United States and Canada. Hooman shares his unique perspective, drawing from his background in aircraft and helicopter leasing, on how the trucking industry is navigating one of the worst freight recessions in history. We delve into the concept of the "snapback" effect, the importance of holistic fleet management, and why 10 Leasing remains in "growth mode" despite the current economic climate.Our Guest: Hooman YazHari, CEOEmail: [email protected]: TENLeasing.comYour Hosts:John FarquharNational Risk Services Specialist, Transportation, Gallager GGBhttps://www.ajg.com/ca/M: [email protected] HarrisCEO, Safety Dawg Inc.905 973 [email protected]://safetydawg.com/00:00 – Introduction to Hooman Yazhari and 10 Leasing.00:43 – Operating in "Growth Mode" despite the current freight recession.01:47 – How $1 billion in "dry powder" supports industry equipment and safety needs.02:08 – Market outlook: Analyzing supply, demand, and normalizing rates.04:07 – The critical role of trucking in the global economy and civilization.05:06 – Lessons from aviation: Understanding the "snapback" effect in production and demand.06:51 – Managing fleet risks: Balancing financials, operations, and asset utilization.10:30 – The total cost of ownership: Why trailer maintenance is often overlooked.14:15 – Financial strategies for fleets: Navigating credit constraints and interest rates.18:45 – The importance of data in fleet management and risk mitigation.22:10 – Future trends: Sustainability, electrification, and the evolution of trailer tech.26:50 – 10 Leasing's operations in Canada and their massive network in Mississauga.29:40 – Closing thoughts and how to connect with Hooman Yazhari.