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News Stories (80 Results) - Transportation

According to ACT Research’s recently released Transportation Digest, the heavy-duty truck market exploded off the starting blocks at the beginning of the year, with order numbers that build on 2020’s strong close.“The massive supply-demand imbalance... Read Story
March 05, 2021, 07:17 AM

According to ACT Research’s recently released Transportation Digest, 2020 wasn’t all bad for truck transportation and the heavy-duty market. It wasn’t even half bad. It was one quarter bad.“The shock and magnitude of the second quarter economic... Read Story
January 27, 2021, 07:00 AM

TAB Bank announced it has provided a $1 million asset-based credit facility for a transportation company located in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. In... Read Story
December 08, 2020, 07:10 AM

A heavy haul transportation company in Texas has chosen TAB Bank for a $3.5 million asset-based revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The... Read Story
November 30, 2020, 06:00 AM

According to ACT Research’s recently released Transportation Digest, from big fleets to owner-operators, and their vocational counterparts, motor carriers across-the-board have ridden a down-and-up roller coaster this year.“We’ve been tracking a... Read Story
November 25, 2020, 07:02 AM

October net U.S. trailer orders of 54,691 units posted another sequential improvement, up nearly 7 percent from September’s rise and well above October 2019’s level (up 70 percent). Before accounting for cancellations, new orders of 57,000 units were... Read Story
November 23, 2020, 07:10 AM

According to this quarter’s issue of ACT Research’s Trailer Components Report, analysis of the last decade of trailer production shows that the industry opened the year at an average production pace until the shelter-in-place lockdowns began in late... Read Story
August 25, 2020, 07:00 AM

ACT Research released the August installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “A freight recovery amidst a driver shortage has driven an acutely... Read Story
August 11, 2020, 07:10 AM

UMB Bank, N.A., transacting business as UMB Capital Finance, announced the closing and funding of a $2 million revolving account receivable credit facility for a transportation company specializing in flat bed equipment hauls. The proceeds of the... Read Story
May 21, 2020, 07:05 AM

According to ACT Research’s recently released Transportation Digest, the pervasive negative impact of the COVID-19 pandemic has forced a major downward shift on ACT’s views of the heavy duty market for 2020. However, the report also discusses what... Read Story
April 27, 2020, 07:20 AM

Fleet Advantage announced its Senior Director of Marketing and Business Development, Katerina Jones, has been named to the Women in Trucking Association’s Top Women to Watch in Transportation.The Women in Trucking Association’s Top Women to Watch in... Read Story
March 31, 2020, 07:15 AM

Deloitte analyzed strategic innovation among forward-thinking players across the global movement of goods ecosystem. From ocean shipping and ports, to logistics providers, transportation and retailers, it reveals three key pillars that will underpin... Read Story
December 30, 2019, 06:59 AM

U.S. railroads experienced a further deterioration of their price advantage for domestic intermodal shipping compared to trucking in the second quarter, according to a new index by IHS Markit. This latest contraction in the domestic intermodal... Read Story
August 30, 2019, 07:05 AM

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... Read Story
August 30, 2019, 07:04 AM

The American Trucking Associations released its latest ATA Freight Transportation Forecast: 2019 to 2030, an annual projection of the state of the freight economy, showing continued growth in the industry.“America’s trucking industry, and the overall... Read Story
August 26, 2019, 07:00 AM

U.S. railroads experienced a further deterioration of their price advantage for domestic intermodal shipping compared to trucking in the second quarter, according to a new index by global business information provider IHS Markit. This latest... Read Story
August 19, 2019, 07:05 AM

Fleet Advantage announced results of its latest industrywide survey addressing the gap that remains for today’s fleets in the way they use data and business intelligence to run their trucks and fleet operations.There are still fleets today that... Read Story
May 24, 2019, 07:05 AM

Proterra, an innovator in heavy-duty electric transportation, announced a partnership with Mitsui & Co., Ltd. to create a $200 million credit facility in support of a battery lease program.Mitsui, a leading Japanese investment and trading company... Read Story
April 19, 2019, 07:28 AM

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... Read Story
December 06, 2018, 06:50 AM

Overseas Shipholding Group, Inc. (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced two subsidiaries have closed on a financing from Wintrust Commercial Finance, a division of... Read Story
November 28, 2018, 07:20 AM

Trailcon Leasing’s new facility in Edmonton, announced in January, is one giant step closer to completion following the official ground-breaking ceremony.The 20,000-square-foot building, situated on six acres at 11690 Bevington Road in Acheson... Read Story
May 29, 2018, 07:05 AM

Higher fuel prices and tire costs contributed to a marked increase in the total cost of car and truck fleets in 2017, according to the third annual Element Fleet Management Total Cost of Ownership (TCO) Index.The Element TCO Index is a study that... Read Story
April 25, 2018, 07:20 AM

Two large equipment leasing subsectors whose performance is closely tied to global trade volumes -- containers and containerships -- have recovered meaningfully since the 2015 downturn, Fitch Ratings said. Despite some uncertainties on the horizon... Read Story
March 23, 2018, 07:15 AM

ACT’s preliminary estimate for January 2018 net trailer orders is 39,100 units. Final January volume will be available later this month. ACT's methodology allows the company to generate a preliminary estimate of the market that should be within +/-... Read Story
February 16, 2018, 07:17 AM

Trailcon Leasing announced plans to build new facilities in Edmonton and Calgary to support current and future growth. Construction of the state-of-the-art facilities will begin in May of this year, with completion scheduled for Q2 2019.“Trailcon has... Read Story
February 07, 2018, 07:00 AM

When Dicom’s 2017 capital expenditure plan called for additional day cab trucks, straight trucks and forklift trucks balanced between Canada and the U.S., the Dicom management and Board chose to look outside of their multi-bank senior loan... Read Story
December 20, 2017, 07:08 AM

Stonebriar Commercial Finance announced that it has provided a lease line of credit for $35 million to finance chassis and tanks for a major propane transportation company. Steve White, EVP of Stonebriar, said, "The Stonebriar team moved quickly to... Read Story
November 22, 2017, 07:10 AM

U.S. Bank has launched a new barometer for assessing the nation's shipping industry. The U.S. Bank Freight Payment Index measures quantitative changes in shipment and spend activity, based on data from transactions processed through U.S. Bank Freight... Read Story
October 20, 2017, 07:06 AM

Fleet Financing Resources (FFR) has surpassed $350 million in lease and finance transactions through its vendor platforms with two of its primary funding partners: Wells Fargo Equipment Finance, Inc. (WFEFI) and Signature Financial, LLC.Initiated in... Read Story
September 14, 2017, 07:16 AM

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... Read Story
August 22, 2017, 07:52 AM

Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable recovery in the container market will only be achieved by reaching a viable supply/demand balance through capacity cuts... Read Story
June 20, 2017, 06:47 AM

LeasePlan and Uber will expand their current cooperation in Portugal, France and the Netherlands to a pan-European level. The companies have signed a Memorandum of Understanding stating that LeasePlan will make available a full operational leasing... Read Story
March 30, 2017, 07:09 AM

Bestpass announced its newly launched Leased Equipment Toll Solution (LETS), a customizable toll management service for leased equipment providers, including not only tractors and trailers, but also other vehicles of all shapes and... Read Story
March 24, 2017, 07:00 AM

Fleet Advantage released results of its latest industry survey, which takes an annual look at practices and insights from truck fleet operators and for-hire carriers. This survey is a follow up to industry research conducted by Fleet Advantage in... Read Story
January 12, 2017, 07:05 AM

Celadon Group announced that it has entered into a joint venture agreement with Element Transportation LLC ("Element"), a subsidiary of Element Fleet Management. The joint venture will hold leasing assets managed by Celadon's Quality Companies, LLC... Read Story
January 03, 2017, 07:15 AM

FTR’s Shippers Conditions Index (SCI) for July, showing a miniscule improvement from June, remains at a near neutral reading of -0.1.  The index will continue to hover around equilibrium until early 2017 when steady increases in regulatory drag will... Read Story
September 27, 2016, 07:15 AM

A recent report from Navigant Research analyzes the market for natural gas vehicles (NGVs), including global forecasts, broken down by vehicle segment, alternative drivetrain, and region, through 2025.In the past decade, increased hydraulic... Read Story
September 09, 2016, 07:00 AM

FTR’s Shippers Conditions Index (SCI) for April rose marginally to a reading of 1.5, up from 0.4 in March.  The new reading reflects improved market conditions for shippers as freight demand remains sluggish.  The SCI is at its highest sustained... Read Story
July 06, 2016, 07:09 AM

A new report from Navigant Research examines the global market for plug-in electric vehicle (PEV) charging equipment sales and charging services, with forecasts segmented by region, residential and commercial market, and technology type, through 2025... Read Story
June 08, 2016, 07:10 AM

The supply of Class 8 trucks continues to rise faster than demand for trucks, according to the most recent ACT For-Hire Trucking Index from ACT Research.“The capacity index [supply] rose faster than the freight index [demand] for the seventh... Read Story
April 15, 2016, 07:26 AM

A recent report from Navigant Research analyzes the market for natural gas (NG) refueling infrastructure and the factors expected to influence its deployment, including global market forecasts segmented by fuel type, station type, and region, through... Read Story
December 30, 2015, 07:20 AM

Class 8 net orders were just under 20,300 units in June, while Classes 5-7 posted 15,500 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5... Read Story
July 24, 2015, 06:00 AM

LeasePlan Corporation N.V. announced that it has been informed by its current 100% shareholder Global Mobility Holding B.V. (a joint venture of Volkswagen Aktiengesellschaft and Fleet Investments B.V.) that it has reached an agreement with a... Read Story
July 23, 2015, 07:15 AM

GA Advisory and Valuation Services LLC, a division of Great American Group (GA), has published its inaugural issue of the Transportation Monitor, a bi-annual publication that provides analysis of the transportation industry from a manufacturing and... Read Story
June 19, 2015, 07:09 AM

GE Capital released a national survey of 409 executives at middle market companies (ranging from $10 million - Selected Report Highlights:Companies operate fleets in a variety of industries, and half expect their firms’ industry to expand in the... Read Story
December 15, 2014, 07:19 AM

Mazuma Capital is funding an additional lease schedule for a nationwide transportation company. The client, with operations spread across the United States, is using the funds for new buses to meet increasing demand for their services. This newest... Read Story
October 17, 2014, 06:00 AM

Bloomberg reported that liquefied natural gas will gain a “significant” market share in the transport sector by 2035, according to the International Center for Natural Gas Information.According to the Bloomberg report, demand from road transport... Read Story
September 29, 2014, 06:00 AM

GE Capital released a national survey of more than 400 executives at middle market companies (ranging from $10 million - Notably, the survey found that 27% of companies expect to increase the size of their fleets in the next 12 months, with leasing... Read Story
June 24, 2014, 07:00 AM

CURE Leasing & Maintenance, a wholly owned subsidiary of AmeriQuest Business Services, has positioned itself as one of North America’s largest providers of financing and maintenance services for new and late-model vehicles to companies using... Read Story
May 21, 2014, 06:00 AM

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... Read Story
April 24, 2014, 06:00 AM

BBVA Compass announced the formation of a new Transportation Banking group. The specialty group will provide loans, revolving credit, equipment and acquisition financing and other financial products and services to trucking, rail, shipping, logistics... Read Story
April 23, 2014, 07:00 AM

Element Financial Corporation (“Element” or the “Company”), one of North America’s leading equipment finance companies, announced today that it has entered into a multi-year Program Agreement (the “Program Agreement”) with Indianapolis-based Celadon... Read Story
April 01, 2014, 07:06 AM

Transportation companies linked to commercial aviation continue to deliver strong results, while those tied to defense face additional challenges, according to Chris Cantwell, Managing Director and Group Head of CIT Transportation Lending at CIT... Read Story
September 24, 2013, 07:00 AM

According to transportation executives, the forecasts and business strategies of carriers and manufacturers of transport-oriented capital goods indicate the industry is bracing for an era of higher energy prices and increased regulations. These are... Read Story
August 22, 2013, 07:00 AM

Matrix Medical Network, the nation's leading provider of prospective health assessments for Medicare Advantage (MA) plan members, and GE Capital Fleet Services, have collaborated to create a fleet vehicle program to support Matrix's more than 500... Read Story
April 25, 2013, 07:34 AM

Priority One Financial Services, Inc., the recreational industry’s oldest and largest F&I outsourcing provider, launches equipment financing for shuttle bus and motorcoach dealers today. Priority One, a division of Forest River, Inc., has expanded... Read Story
January 11, 2013, 07:00 AM

The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped 3.7% in November erasing October’s 3.7% drop. (The 3.7% decrease in October was revised from a 3.8% contraction ATA reported on November 20... Read Story
December 19, 2012, 07:00 AM

The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index contracted 0.9% in August after increasing 0.4% in July. (July’s gain was better than the no change ATA reported on August 21.) In August, the SA index... Read Story
September 26, 2012, 06:37 AM

FTR Associates’ Shippers Conditions Index (SCI) for June was basically unchanged from the previous month and remains in near neutral territory at a reading of -1.8. The SCI sums up all market influences that affect shippers; a reading above zero... Read Story
August 17, 2012, 07:02 AM

FTR Associates’ Shippers Conditions Index (SCI) for May improved to a near neutral reading of 1.9. The SCI sums up all market influences that affect shippers; a reading above zero suggests a favorable shipping environment, while a reading below zero... Read Story
July 17, 2012, 07:30 AM

The amount of freight carried by the for-hire transportation industry was unchanged in May from April, after a one-month rise, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation... Read Story
July 16, 2012, 07:23 AM

The amount of freight carried by the for-hire transportation industry rose 0.2% in April from March, rising after a one-month decline, according to the U.S. Department of Transportation's Bureau of Transportation Statistics' (BTS) Freight... Read Story
June 18, 2012, 06:30 AM

FTR Associates’ Shippers Conditions Index (SCI) for April was basically unchanged from the previous month with a moderately negative reading of -5.4. The index is expected to remain in a tight range throughout the summer, potentially deteriorating... Read Story
June 14, 2012, 07:00 AM

Truckinginfo reported the March FTR Associates' Shippers Conditions Index demonstrated little change from February results.  According to the report, the index currently stands at -5.3, representing a moderately unfavorable condition for shippers... Read Story
May 15, 2012, 07:00 AM

The amount of freight carried by the for-hire transportation industry fell 0.8% in March from February, declining after a one-month increase, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight... Read Story
May 10, 2012, 07:00 AM

Commercial Carrier Journal reported that the amount of freight carried by the for-hire transportation industry rose 3.9% in December from November, representing the largest monthly rise in 17 years, which brought the level of freight shipments to an... Read Story
February 09, 2012, 07:00 AM

Advantage Funding announced that it has a non-captive structured financing program in place with MCI Sales and Service, Inc. (“MCI”). The objective of Advantage’s program is to provide MCI with a strategic, reliable funding partner to finance and... Read Story
February 07, 2012, 07:00 AM

GIA announced the release of a comprehensive global outlook on the Trucking Industry. The industry’s dynamics are intricately linked with macro-economic factors, and closely following the boom-trough cycles of the overall economy. The industry growth... Read Story
January 13, 2012, 07:00 AM

According to the National Private Truck Council’s 2011 Annual Benchmarking Survey released in August 2011, 42.5% of the NPTC member companies responding to the survey reported leasing the majority of their equipment.  This percentage was down from... Read Story
November 07, 2011, 07:00 AM

According to a report by Polk, new commercial vehicle registrations (Gross Vehicle Weight 3-8) in the U.S. are set to reach 440,000 units for the 2011 calendar year, an increase of 17.6% over 2010 calendar year and a 33% improvement from 2009... Read Story
November 04, 2011, 07:00 AM

North America heavy GVW Class 8 commercial vehicle preliminary net orders for October surprised on the upside, improving both month over month and year over year, as reported by ACT Research Co., LLC (ACT). The final numbers, which will be released... Read Story
November 03, 2011, 07:30 AM

GE Capital released its third quarter U.S. Mid-Market CFO Survey which polls CFOs across seven industries including the trucking industry. The report indicates that trucking company CFOs are more optimistic when it comes to the state of the trucking... Read Story
October 31, 2011, 07:30 AM

The October 24, 2011 edition of Transport Topics reported that U.S. purchases of Class 8 trucks jumped 69.5% to 15,937 units in September versus September 2010 results, as reported by According to this report, Total Class 8 sales... Read Story
October 31, 2011, 06:30 AM

According to an article posted by Transport Topics, Celadon Group reported a fiscal first-quarter profit of $5.4 million, up from $4.4 million a year ago.  Celadon Group is ranked No. 42 on the Transport Topics 100 listing of U.S. and Canadian... Read Story
October 27, 2011, 06:26 AM

According to the Third Quarter Business Expectations Survey published exclusively by Transport Capital Partners, LLC, the number of carriers expecting to expand via the increased utilization of independent carriers has been trending downward. ... Read Story
October 27, 2011, 06:01 AM

The Journal of Commerce reported that truck manufacturer Paccar reported the highest quarterly revenue in its history resulting from U.S. truck operators replacing aged heavy trucks with newer models. The report indicates the manufacturer of... Read Story
October 26, 2011, 08:36 AM

The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.6% in September after falling a revised 0.5% in August 2011. August’s decrease was more than the 0.2% drop ATA reported on September 27... Read Story
October 26, 2011, 07:26 AM

After recent lackluster performance, trailer order activity posted solid improvement in September. Net orders were up almost 31% month-over month and 22% year-over-year. Supported by solid production and inventory reduction, total trailer factory... Read Story
October 25, 2011, 07:16 AM

Railway Age reported that Milestone Equipment Corp. and Scrap Metal Services LLC announced the acquisition of 7,300 intermodal dry van trailers from GE Capital. The heavy-duty dry van trailers are operated under leases throughout North America in... Read Story
October 25, 2011, 06:40 AM

In the face of a sluggish economy and in what is typically the weakest new order period of the year, commercial vehicle order activity strengthened in September. Class 8 net orders rose to 23,600 units, a gain of 55% year-over-year and 12% month over... Read Story
October 24, 2011, 08:00 AM