CIT Group Inc. announced that CIT Corporate Finance provided a $20 million senior secured loan to Mesilla Valley Transportation (MVT), one of the largest locally-owned transportation providers in Western Texas and Southern New Mexico. The financing...
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May 09, 2013, 07:05 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the used truck market enjoyed a second consecutive month of improved volumes in March. The retail market was flat compared to...
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April 26, 2013, 06:07 AM
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Key Equipment Finance announced it has named Andrew J. Falcone director, North American rail. In this role, Falcone will grow the company’s U.S. rail market presence, enhance its capabilities, expand relationships within the rail industry, and...
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March 19, 2013, 07:27 AM
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The decline in January tractor-trailer orders continued the monthly saw-tooth order pattern that started in October. Despite that month-to-month decline, orders were still strong enough to generate a small gain in January backlog. This update on...
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February 25, 2013, 07:00 AM
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Class 8 orders rose for a second consecutive month and remained above 20,000 units for a fourth consecutive month in January. Medium duty orders totaled nearly 14,000 units. This updated status of the North America commercial vehicle market was...
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February 22, 2013, 06:55 AM
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The Winter Trucking Report released from TAB Bank is showing signs of a slow and steady economic recovery according to monthly truck tonnage, fuel costs, perceived business conditions, and invoice size. Historically, trends in trucking and...
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January 31, 2013, 07:00 AM
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According to the Wells Fargo Equipment Finance Q4 2012 Trucking Quarterly, growth in the trucking industry is expected to remain at a sub-par pace over the next two quarters as the fiscal cliff negotiations heat up. According to the report, Sam...
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December 13, 2012, 07:48 AM
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