Commercial Fleet Financing, Inc., a provider of transportation equipment financing, reported record monthly fundings for March of $20,091,000. CFF funded 243 transactions with an average transaction size of $82,679. Additionally, Q1 fundings were $52...
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April 06, 2022, 07:20 AM
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Commercial Fleet Financing, Inc., a transportation equipment financing provider, reported financial results for the third quarter ending Sept. 30. For the quarter, CFF funded $49,086,000 from 586 transactions with an average transaction size of...
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October 07, 2021, 07:17 AM
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Partners Group, a global private markets firm acting on behalf of its clients, has acquired a significant equity stake in Milestone Equipment Holdings and will partner with Barings, an investment management firms, to continue and accelerate...
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September 28, 2021, 07:25 AM
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According to ACT Research’s recently released Transportation Digest, North America’s commercial vehicle industry is experiencing material capacity constraints that are dictating the speed at which the industry can produce for the rest of this year...
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September 27, 2021, 07:12 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that the impact of more people and politicians taking the threat of the virus more seriously is a choppy economic path forward.In recognition of the virus’ impact, ACT...
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July 28, 2020, 07:00 AM
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According to ACT Research’s recently released Transportation Digest, the tug of war between positive and negative influences on the business environment and trucking reached a pivotal juncture at the end of June, but escalation in new COVID cases...
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July 27, 2020, 07:13 AM
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Fleet Financing Resources announced that they have renewed their long-standing, successful vendor partnership with Wells Fargo Equipment Finance. The vendor program financing agreement includes an $85 million credit facility with $45 million of the...
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January 24, 2017, 07:10 AM
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ENGS Commercial Finance announced that Chris Johanneson has joined the company as the Transportation Division Director of Sales, Eastern U.S. In this role, Johanneson will manage and grow ENGS’s East Coast Sales team and refine the company’s product...
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January 10, 2017, 07:05 AM
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Fleet Financing Resources, LLC, nationwide lender for commercial transportation equipment, announced it has surpassed half a billion dollars of funded leases and finance contracts since its inception in 2002. The equipment primarily includes motor...
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June 07, 2016, 07:19 AM
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Trailer net orders in November gained 18% m/m and 10% y/y. According to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT), the solid order season continues for this segment of the commercial vehicle industry.“It...
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December 22, 2015, 07:00 AM
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Wood Creek Capital Management, LLC (“Wood Creek”) announced it has completed the merger of Milestone Equipment Holdings (“Milestone”), US Trailer Holdings I and II (collectively, “USTH”) and Quest Capital Group (“Quest”). The merger adds...
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July 13, 2015, 06:31 AM
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New orders for manufactured durable goods in August decreased $54.5 billion or 18.2 percent to $245.4 billion, the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly increases, followed a 22.5 percent July...
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September 26, 2014, 07:00 AM
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June net orders of 22,000 were off 1% month over month, but up 42% year over year. Year-to-date net orders of 156k are up 45% over the same period last year. This information was included in the most recent State of the Industry: U.S. Trailers...
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July 24, 2014, 06:15 AM
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Class 8 orders rebounded in May after falling below expectations in April. Conversely, Classes 5-7 net orders pulled back sharply from April’s stellar performance. These results were published in the latest State of the Industry report, recently...
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June 20, 2014, 06:00 AM
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New orders for manufactured durable goods in April increased $1.9 billion or 0.8 percent to $239.9 billion, the U.S. Census Bureau announced. This increase, up three consecutive months, followed a 3.6 percent March increase. Excluding transportation...
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May 29, 2014, 06:05 AM
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Element Financial Corporation (“Element”) announced that it has entered into a US$200 million secured equipment financing agreement with Bridger, LLC (“Bridger”), an oil marketing and midstream logistics company based in Dallas, Texas. The facility...
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May 13, 2014, 07:05 AM
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Freedom Truck Finance (Freedom) announced its entrance into the transportation equipment finance market with a proven automotive lending track record, targeted programs and unsurpassed customer service. Freedom is a secondary class 8 truck finance...
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May 07, 2014, 06:58 AM
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April North American Classes 5-7 net orders are expected at 17,800 units (±5%) and Class 8 net orders are expected at 24,400 units (±5%), when actual data are released mid-month.“Total NA Classes 5-8 orders totaled 42,200 units in April. While...
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May 05, 2014, 06:00 AM
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New orders for manufactured durable goods in December decreased $10.3 billion or 4.3 percent to $229.3 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 2.6 percent November increase....
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January 29, 2014, 06:00 AM
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New orders for manufactured durable goods in October decreased $4.6 billion or 2.0 percent to $230.3 billion, the U.S. Census Bureau announced. This decrease, down following two consecutive monthly increases, followed a 4.1 percent September increase...
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December 02, 2013, 06:30 AM
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A recent study by PayNet, Inc., a firm that risk management tools to the commercial credit industry compares growth rates and projected default rates of major equipment sectors identifying safe and higher growth sectors. This data is derived from...
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October 21, 2013, 06:54 AM
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HNA Group Company Limited (HNA) of China, a leading diversified services and integrated operations company announced they have agreed to acquire GE Capital's TIP Trailer Services, a European market leading provider of transport equipment leasing...
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June 24, 2013, 07:10 AM
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New orders for manufactured durable goods in February increased $12.4 billion or 5.7 percent to $232.1 billion, the U.S. Census Bureau announced. This increase, up five of the last six months, followed a 3.8 percent January decrease. Excluding...
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March 27, 2013, 07:00 AM
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New orders for manufactured durable goods in September increased $19.6 billion or 9.9% to $218.2 billion, the U.S. Census Bureau announced. This increase, up four of the last five months, followed a 13.1% August decrease. Excluding transportation...
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October 26, 2012, 06:52 AM
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ACT Research noted all the month-over month comparisons – volume, price, miles, and age – for all weight groups of used trucks improved in July.“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back...
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August 29, 2012, 06:15 AM
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New orders for manufactured durable goods in July increased $9.4 billion or 4.2% to $230.7 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 1.6% June increase. Excluding transportation, new...
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August 27, 2012, 07:14 AM
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Transport Topics reported Trailer Leasing Alliance (TLA) launched a full-service trailer leasing operations with 16,000 late-model 53-foot trailers. The equipment was recently acquired by US Trailer Holdings, TLA said July 31. According to the...
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August 16, 2012, 06:29 AM
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FreightCar America reported results for the second quarter ended June 30, 2012, with revenues of $181.2 million and net income of $5.6 million. For the same quarter in 2011, the Company reported revenues of $97.6 million and net income of $0.2...
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August 06, 2012, 07:10 AM
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New orders for manufactured durable goods in June increased $3.4 billion or 1.6 percent to $221.6 billion, the U.S. Census Bureau announced today. This increase, up two consecutive months, followed a 1.6 percent May increase. Excluding...
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July 26, 2012, 08:31 AM
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In the Class 8 market, weak orders persisted through June, while activity in the Classes 5-7 markets remained generally unchanged. This updated status of the North America commercial vehicle market was included in the State of the Industry report...
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July 23, 2012, 07:00 AM
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A fleet of approximately 27,000 over-the-road trailers previously owned by Transport International Pool, Inc. ("TIP"), a subsidiary of General Electric Capital Corporation, was acquired by Wood Creek Capital Management ("Wood Creek"), Bowman Sales...
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July 20, 2012, 07:19 AM
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After a significant dip during the Great Recession, and a mild economic recovery, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations’ U.S. Freight...
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July 10, 2012, 06:40 AM
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New orders for manufactured durable goods in April increased $0.3 billion or 0.2% to $215.5 billion, according to the Advance Report on Durable Goods Manufacturers’ Shipments and Orders issued by the U.S. Census Bureau. This increase, up two of the...
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May 25, 2012, 07:30 AM
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According to the IBISWorld report on the Truck Trailer Manufacturing industry, the truck trailer manufacturing industry’s revenue is expected to grow during the five years to 2017 as firms will have to adapt to new technologies that make truck...
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May 03, 2012, 07:00 AM
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Class 8 new and net orders of 22,038 and 20,025 units, respectively, were the lowest order volume since last July. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released...
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April 23, 2012, 06:30 AM
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According to a report from thetrucker.com, carriers are less hesitant than in Q4 2011 to purchase equipment according to the Transport Capital Partners 1st Quarter 2012 Business Expectations Survey.The report indicates that in November of 2011, 73%...
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April 06, 2012, 08:00 AM
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American Trucking Associations President and CEO Bill Graves called on Congress to swiftly adopt a proposal introduced by Reps. Jim Gerlach (R-Penn.) and Earl Blumenauer (D-Ore.) to repeal the 12% federal excise tax on large trucks and replace it...
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April 04, 2012, 06:45 AM
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New orders for manufactured goods in January, down following two consecutive monthly increases, decreased $4.8 billion or 1.0 percent to $462.6 billion, the U.S. Census Bureau reported. This followed a 1.4 percent December increase. Excluding...
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March 06, 2012, 08:15 AM
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