Wintrust Receivables Finance announced the closing and funding of a $4 million credit facility for a transportation broker based in Illinois. The company, which was founded less than three years ago, has shown consistent growth since its inception....
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October 16, 2019, 07:10 AM
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According to ACT Research’s recently released Transportation Digest, Class 8 market indicators are divergent, with some at all-time highs even as other metrics point to coming weakness. The medium duty market measures are lower in the short-term, but...
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August 30, 2019, 07:10 AM
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Trimble announced a new TMT Fleet Maintenance software module for third-party heavy-duty maintenance providers, designed to better support the growing trend of outsourced fleet maintenance. Trimble's Contract Maintenance module is built to serve...
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August 30, 2019, 07:04 AM
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Crestmark Executive Vice President and Transportation Services Division President Heath Holdbrooks announced the promotions of Sherri Holmes and Kim Meek to portfolio management for the division, and Phyllis Packard to Vice President, Legal...
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August 13, 2019, 07:25 AM
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Crédit Agricole CIB announced the appointment of Cecilia Park as Managing Director, Transportation Group - Americas. Park will report to Brian Bolotin, the Head of the Transportation Group for the Americas, and will be based in New York. Park will...
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July 09, 2019, 07:05 AM
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Dedicated Funding NY (DFNY) announced a newly formed partnership with Dedicated Funding, an equipment finance company that provides quick and simple financing solutions for titled equipment to businesses nationwide.Dedicated Funding NY will provide...
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March 22, 2019, 07:24 AM
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U.S. trailer order volume slid sequentially for the second month in a row, but it’s all relative when one considers that more than 45,000 net orders were posted in November, according to this month’s issue of ACT Research’s State of the Industry: U.S...
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December 21, 2018, 07:10 AM
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Hitachi Capital America (HCA) has opened an office in the Dallas/Fort Worth area to support the company’s continued expansion of its transportation financing activities.Located in Flower Mound, a center of the heavy-duty truck finance industry, the...
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December 06, 2018, 06:50 AM
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ACT Research’s preliminary estimate for September 2018 net trailer orders is 58,200 units—a monthly record net order volume.“Fleets reached a never-before-seen trailer order level in September. OEMs booked over 58k trailers last month, shattering the...
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October 16, 2018, 07:10 AM
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The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to a new study, 2018-2019 Vertical Market Series – Road...
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September 12, 2018, 07:05 AM
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To leverage its strengths, better optimize capital allocation, and provide even more focused dealer support, Ally Financial Inc. is taking strategic actions that will enable it to concentrate more on its core business operations. The renewed focus on...
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August 30, 2018, 07:07 AM
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ATEL Leasing Corporation announced the acquisition of chassis valued at $9,826,655 leased to Matson, Inc.Matson is a U.S. transportation services company that provides comprehensive freight shipping and logistics operations to countless terminals...
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August 21, 2018, 07:17 AM
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People’s Capital and Leasing Corp. announced the addition of its newest financial sales team member, Fran Dibeneditto, Northeast Regional Vice President. Dibeneditto will be responsible for the growth of PCLC’s equipment sales finance business...
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August 16, 2018, 07:22 AM
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PLM Trailer Leasing announced that Lynne Wilson has joined the leadership team as Chief Financial Officer in the Fleet Solutions Center located in Newark, N.J. Wilson joins PLM with more than 30 years of senior level experience in tax, audit, finance...
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June 15, 2018, 07:20 AM
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Milestone Trailer Leasing, with its headquarters in Missouri, has acquired leases for 1,575 dry vans from Heartland Express of North Liberty, Iowa. This move will add additional trailers – manufactured from 2014 to 2017 – equipped with tracking, tire...
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June 13, 2018, 07:15 AM
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ACT Research’s preliminary estimate for May 2018 net trailer orders is 23,300 units. “Fleet investment continues at a torrid pace. Net trailer orders were up year-over-year for the 18th straight month in May. While normal seasonal patterns call for a...
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June 13, 2018, 07:05 AM
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Encina Equipment Finance announced it has provided a $14 million equipment lease line to a specialized transportation company. The facility is being used to fund new equipment purchases.Launched in June 2017, Encina Equipment Finance provides loans...
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June 11, 2018, 07:20 AM
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While the preliminary estimate was 23,100, ACT Research is now reporting that the trailer industry closed April a bit stronger, with just below 24,000 net orders.“The final result outpaced our preliminary estimate, an indication of the continuing...
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May 25, 2018, 07:10 AM
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Ryder System, Inc. announced the launch of RyderGyde, a new, free mobile application allowing users to do everything from compare real-time fuel rates to conveniently schedule shop services—all from their smartphone. With this application, drivers...
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May 25, 2018, 07:00 AM
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ENGS Commercial Finance Co. announced it has launched a secure electronic signature documentation solution for its Transportation Division. This solution, which is among the first of its type in the commercial equipment finance space, has already...
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March 13, 2018, 07:25 AM
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Taycor Financial announced Melissa Young, formerly Vice President – Leasing at Bank of the Ozarks, will be joining Taycor as Vice President of the Transportation Division. Young joins the team with more than 12 years of executive management...
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March 02, 2018, 07:30 AM
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The Global Barge Transportation Market is expected to cross $170 billion by 2024, according to a new research report by Global Market Insights, Inc.Global barge transportation shipment volume is expected to cross 12 billion tons till 2024. Huge...
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August 22, 2017, 07:52 AM
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Stonebriar Commercial Finance ("SCF") announced that Jeff Griffin has joined the company as Vice President and Director of Rail Leasing, initiating SCF's origination efforts in the rail sector. Griffin joins SCF after spending the last 8 years with...
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March 07, 2016, 07:11 AM
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Trailer net orders in August, at more than 24,500 units, rose nearly 21% from July’s pace, but eased 0.4% on a year-over-year basis, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The industry...
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September 23, 2015, 06:53 AM
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Demand for commercial vehicles was robust in October as 67,900 total NA Classes 5-8 orders were booked, up 50% from a year ago. Over the past twelve months, NA Classes 5-8 net orders have totaled 563,600 units, representing the strongest 12-month...
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November 06, 2014, 07:04 AM
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Diversified Transportation Finance has announced a new campaign to support trucking companies across the country. Diversified Transportation Finance will now pay the basic membership dues for their customers to be members of the state trucking...
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October 27, 2014, 07:10 AM
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The volume of used Class 8 trucks sold in June rose 10% above May’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“June’s performance was a little counterintuitive, given...
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July 28, 2014, 06:06 AM
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According to the latest quarterly analysis of private-company financial statements by Sageworks, U.S. businesses are growing sales and expanding profit margins at a healthy and consistent pace over the last year. Strength in construction has...
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June 26, 2014, 06:45 AM
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TAB Bank announced it has provided a $5.7 million asset-based credit facility for a transportation company located in the Southeast. The company operates a fleet of approximately 100 tractors and 115 trailers and is primarily a truckload refrigerated...
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April 24, 2014, 06:00 AM
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TAB Bank provided $12 million in trucking equipment loans for 17 transportation companies during the 1st quarter for 2014. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck...
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April 11, 2014, 06:30 AM
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Economic activity in the non-manufacturing sector grew in March for the 50th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The report was issued today by Anthony Nieves...
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April 04, 2014, 06:55 AM
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ACT Research Co., LLC, has released on-line fuel payback calculators that can help companies make the best fuel choices for their applications. The calculators, which are available at no charge at ACT’s website, www.actresearch.net, allow fleets to...
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February 25, 2014, 06:45 AM
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GE Capital Fleet Services has announced new hires at the SVP and VP of Sales position for several regions in the U.S:
Naeem Morris, SVP of Sales, based in Chicago
Andy Rubin, SVP of Sales, based near New Haven, CT
John Kiedrowski, SVP of Sales...
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November 04, 2013, 07:02 AM
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New orders for manufactured durable goods in June increased $9.9 billion or 4.2 percent to $244.5 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 5.2 percent May increase and was at the...
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July 26, 2013, 07:00 AM
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After suffering a weak March, net trailer orders jumped 29% month over month in April, stronger than predicted by seasonality. However, year to date, net orders lag by 10% compared to 2012. This update on industry performance was reported in the...
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May 24, 2013, 07:01 AM
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Forty-four percent of fleet managers cited maximizing productivity as their primary concern in managing their company’s truck fleet, according to a recent survey conducted by GE Capital Fleet Services.Highlighting fleet managers’ increased focus on...
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May 14, 2013, 07:00 AM
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