DLL announced the expansion of its U.S. Transportation team, adding Melissa Biebel, CLFP, as a Senior Account Manager, eMobility and Daniel Mushat as Account Manager, Transportation. DLL has provided financial solutions to the transportation sector...
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March 28, 2024, 07:25 AM
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Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company and affiliate of Gibraltar Business Capital, announced the successful completion of a $1 million equipment financing transaction.GEF provided a $1 million...
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August 08, 2023, 07:07 AM
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Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for the Company’s planned...
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August 07, 2023, 07:20 AM
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eCapital Corp. announced the strategic appointment of two accomplished Business Development Officers (BDOs) to its Transportation division. The new additions to eCapital's accomplished team bolster the company’s ability to scale, serve clients, drive...
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July 11, 2023, 07:18 AM
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Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, has designed a flexible financing solution to a growing transportation solutions provider to expand its...
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May 31, 2023, 07:18 AM
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Clarus Capital announced that it has completed the arrangement of a $70 million lease facility for a sponsor-backed transportation service provider. Financing proceeds supported strategic growth initiatives and fleet expansion. Clarus funded half of...
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May 15, 2023, 07:17 AM
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Mitsubishi HC Capital America, the largest non-bank, non-captive commercial lender in North America with more than $7.5 billion in owned and managed assets, announced it is significantly expanding its Transportation Division following the company’s...
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April 13, 2023, 07:24 AM
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Clarus Capital announced it has completed a new $35 million sale-leaseback facility for a sponsor-backed transportation service provider. Financing proceeds supported M&A activity and liquidity as the client continues to execute proven strategic and...
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February 27, 2023, 07:18 AM
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Ritchie Bros. announced it has acquired a controlling stake in VeriTread, a transportation technology and services company. This acquisition will accelerate Ritchie Bros.' marketplace strategy, which brings services, insights and transaction...
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January 10, 2023, 07:21 AM
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United Leasing & Finance, an equipment leasing and finance company based in Evansville, IN, announces the transition of Ronald D. Romain to Executive Chairman of its holding company United Companies from his former position as CEO. Amy Romain Barron...
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January 09, 2023, 07:23 AM
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Evans Transportation Services closed a new credit facility with PNC Bank. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400...
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December 22, 2022, 07:15 AM
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Global law firm Reed Smith has hired Julia Norsetter, formerly an attorney and policy advisor at the U.S. Department of Transportation, as the policy and analysis lead for the firm’s global Transportation Industry Group.Norsetter will be based in...
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December 05, 2022, 07:15 AM
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Commercial Fleet Financing, Inc. reported funding results for the third quarter of 2022 ending Sept. 30, 2022. During the quarter, CFF funded $57,275,590 from 553 transactions with an average transaction size of $103,572. Year to date 2022, CFF has...
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October 07, 2022, 07:19 AM
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eCapital Corp. announced the appointments of four Business Developments Officers (BDOs) to further expand the company’s Transportation Division in the U.S. and Canada.As one of the fastest-growing alternative financing companies in the transportation...
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October 06, 2022, 07:23 AM
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PEAC Solutions continues to expand its global Construction, Transportation and Industrial (CT&I) business unit in the U.S. The company announced another hire, Warren Story, a seasoned expert in the equipment leasing industry, as Regional Sales...
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September 20, 2022, 07:25 AM
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DLL, a global asset finance company for equipment and technology and the U.S.’ top vendor finance company, announced the expansion of its Construction, Transportation, and Industrial (CT&I) new business development (NBD) team. As a result of this...
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September 16, 2022, 07:23 AM
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ACT Research has published a North American commercial vehicle and transportation prebuy analysis, Bigger Than Ever?: The Higher the Cost, The Bigger the Prebuy, which analyzes the new U.S. Environmental Protection Agency (EPA) Notice of Proposed...
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August 17, 2022, 07:17 AM
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ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build...
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July 25, 2022, 06:54 AM
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Fleet Advantage announced Vice President, Marketing and Business Development Katerina Jones has been named one of three Trailblazer Top Brand Innovators by the Transportation Marketing and Sales Association (TMSA). This award recognizes individuals...
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June 14, 2022, 07:07 AM
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Clarus Capital announced it has completed a new $20 million credit facility for a leading specialty logistics and transportation provider. The facility will be deployed into new equipment that supports continued strong demand as the company further...
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June 07, 2022, 07:21 AM
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DLL, a global asset finance company for equipment and technology, announced the expansion of its U.S. Transportation team, welcoming Chris Schatz and Derek Nigh. DLL has provided financial solutions to the transportation sector for more than two...
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April 20, 2022, 07:22 AM
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Triumph Bancorp, Inc. announced the establishment of TriumphX, a business unit charged with supporting the execution of Triumph's plan and evolution as a transportation fintech company. TriumphX is a division of TBK Bank, SSB, the primary operating...
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April 06, 2022, 07:19 AM
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Sixth Street, a leading global investment firm with over $60 billion in assets under management, announced the formation of a dedicated structured products business to further enhance its capabilities as a strategic capital partner and solutions...
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March 30, 2022, 07:00 AM
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eCapital Corp., an alternative finance provider for small and medium-sized businesses across North America and the United Kingdom, announced?the launch of the Five Star Load Board and Five Star Dispatch platforms under the Five Star brand. These...
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March 28, 2022, 07:05 AM
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Crossroads Equipment Lease and Finance announced Lorraine Reynoso has been named one of Women in Trucking's 2022 Top Women to Watch in Transportation.Having held a variety of accounting, funding and customer facing roles over the past eight years...
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March 16, 2022, 07:15 AM
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Triumph Bancorp, Inc. announced the appointment of Erik T. Bahr as Chief Revenue Officer of TBK Bank, SSB. In the newly created role, Bahr is responsible for driving go-to-market strategy, sales performance, client satisfaction, and overall...
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March 11, 2022, 07:18 AM
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ACT Research began its 66th Seminar with a panel discussion about the current state and future of U.S. economics. Panelists included Bryan Bezold, Senior Economist at Ford; as well as ACT’s Principal, Industry Analyst, Jim Meil; and Chief Economist...
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March 01, 2022, 07:03 AM
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Soaring demand for truck tractors and other transportation assets caused unprecedented price acceleration in the sector in 2021. With its February Market Trends Report, Ritchie Bros. looks closely at used truck and trailer sales last year, with...
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February 22, 2022, 07:19 AM
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TimePayment, a fintech company specializing in commercial equipment financing, announced the acquisition of Diversified Capital Credit Corporation (DCC), an equipment financing firm with concentrations in the waste/recycling, home care/healthcare...
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January 26, 2022, 07:19 AM
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Commercial Fleet Financing, Inc., a provider of transportation equipment financing, reported annual financial results ending Dec. 31, 2021, of $196,466,000 in fundings. CFF funded 2,357 transactions with an average transaction size of $83,300."Our...
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January 18, 2022, 07:15 AM
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Supply chain disruptions are a prominent concern currently in the U.S. and across the globe. “We are all aware of the container ships lined up at ports, and months’ long delays in delivery times,” said Kirk Mann, Senior Vice President and General...
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November 30, 2021, 07:18 AM
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According to ACT Research’s recently released Transportation Digest, the front-and-center concerns of the commercial vehicle industry at the moment are supply-chain constraints, as well as the inflationary ramifications that flow from them.“In...
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November 23, 2021, 07:05 AM
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TAB Bank provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.Operating mostly in the...
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November 10, 2021, 07:02 AM
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Mitsubishi HC Capital America, a specialty finance company, announced Gary Furnas has joined the company as Director of Business Development for Dealer Inventory Finance, Transportation.Based in North Texas, Furnas will be responsible for driving...
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November 04, 2021, 07:20 AM
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According to ACT Research’s Transportation Digest, near-term signs of demand remain strong, while supply constraints dictate that ACT Research’s forecasts for the next year remain under pressure.“For heavy trucks, no less than for medium and light...
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November 01, 2021, 07:00 AM
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Stonebriar Commercial Finance announced the closing of a seven-year, $325 million term loan credit facility with Overseas Shipholding Group, Inc. (OSG), a leading provider of energy transportation services for crude oil and petroleum products in the...
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October 25, 2021, 07:22 AM
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September net U.S. trailer orders of 28,127 units rose nearly 126 percent from the previous month, but were more than 45 percent lower compared to September of 2020. Before accounting for cancellations, new orders of 32,400 units were up almost 140...
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October 25, 2021, 07:00 AM
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TAB Bank announce it provided a transportation company in California with a $10.5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The...
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October 15, 2021, 07:00 AM
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With an immediate cash flow concern on the line for an industry-best provider of transportation and trucking solutions, Onset Financial was able to quickly fund $30 million in tractors and over-the-road equipment for it. Onset’s ability to meet the...
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June 29, 2021, 07:18 AM
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CAI International entered into a definitive agreement to be acquired by Mitsubishi HC Capital (“MHC”). Under the terms of the merger agreement with MHC (the “Merger Agreement”), MHC will acquire all of CAI’s outstanding and fully diluted common stock...
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June 18, 2021, 07:00 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, data through the first two weeks of June suggest that North America is at or very near the top of the freight rate expansion, which has been setting new highs on...
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June 17, 2021, 05:38 AM
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According to ACT Research’s recently released Transportation Digest, the current business environment for heavy-duty trucks doesn’t get much better than this.“Demand for commercial vehicles in North America is about as good as we’ve seen in 35 years...
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April 27, 2021, 07:00 AM
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According to ACT Research’s recently released Transportation Digest, supply will be the determining factor of this year’s heavy-duty vehicle market – not demand, which remains hot.“All the indicators we use to track the heavy-duty truck market point...
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March 24, 2021, 07:10 AM
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Milestone Equipment Holdings, a national leader in transportation equipment leasing solutions, announced the addition of Phil Shook as Executive Vice President - Domestic Intermodal. Shook will lead the expansion of Milestone's Domestic Intermodal...
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March 19, 2021, 07:21 AM
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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...
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March 05, 2021, 07:17 AM
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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...
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January 27, 2021, 07:00 AM
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Tandem Finance is one of the industry’s fastest-growing small-ticket, independent, equipment finance and lease companies. Powered by the efforts of its team and its vendor partners, Tandem continued its rapid national expansion in 2020 despite the...
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January 22, 2021, 07:25 AM
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SLIM Capital, located in Beverly Hills, CA, reported 2020 as a record year of continued growth. CEO Shervin Rashti is pleased with how 2020 ended up and feels confident that there will be tremendous growth and stability in the year 2021.“Despite a...
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January 21, 2021, 07:20 AM
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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...
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December 08, 2020, 07:10 AM
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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...
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November 30, 2020, 06:00 AM
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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...
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November 25, 2020, 07:02 AM
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TAB Bank announced it has opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, TX. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million....
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November 10, 2020, 07:00 AM
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Utica Leaseco, LLC and Utica Equipment Finance announced the completion of two transactions totaling $3,350,000 during the week of Sept. 1-4.A current Utica Leaseco customer, operating within the agricultural sector, needed funding quickly to...
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September 08, 2020, 07:20 AM
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According to ACT Research’s recently released Transportation Digest, COVID-19 is just one of several factors that could impact commercial vehicle forecasts now and in the foreseeable future.“The general trend of the COVID contagion curve through July...
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August 28, 2020, 07:13 AM
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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...
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August 11, 2020, 07:10 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, used Class 8 same dealer sales volumes were up 6% year-to-date against the first half of 2019, with average price, miles and age...
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July 30, 2020, 06:00 AM
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Only 8 Percent of Fleets Leveraging Full-Service Lease AgreementsFleet Advantage announced results of its latest fleet industry benchmarking survey showing the impact new safety technologies have had on transportation fleets, how many fleets are...
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July 29, 2020, 06:55 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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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, May and June have returned to something closer to life as usual, following the shutdowns of March and April. “A survey of the current business landscape shows a...
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July 20, 2020, 07:05 AM
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Encina Equipment Finance (EEF) announced it has provided a $20 million equipment lease line to a transportation services company. The lease line is being used to finance new and used equipment.EEF was represented by Reed Smith LLP.Encina Equipment...
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July 06, 2020, 07:25 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research found much more to like about the state of the economy today than was visible on month ago, now that the US re-opening is underway.In recognition of the virus’ impact, ACT Research...
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June 26, 2020, 07:24 AM
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According to ACT Research’s recently released Transportation Digest, the shock waves of the COVID-19 recession continue to depress both the North American and global economies, with June marking the fourth month of what will go down in the record...
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June 25, 2020, 07:19 AM
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Hilco Global has issued a timely report regarding the recovery path for transportation industry fleet assets, and how trends the company is tracking throughout this period coupled with its own market intelligence from the past decade can provide...
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May 15, 2020, 07:15 AM
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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...
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April 27, 2020, 07:20 AM
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ENGS Commercial Finance Co. announced Tyler Butsko has joined the company as Business Development Manager in its Transportation Finance Division. In this role, Butsko will be responsible for business development efforts to Transportation vendors and...
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April 06, 2020, 07:25 AM
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ENGS Commercial Finance Co. announced Bryan Bellows has joined the company as Business Development Manager in its Transportation Finance Division. In this role, Bellows will be responsible for business development efforts to Transportation vendors...
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March 12, 2020, 07:20 AM
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According to ACT Research’s recently released Transportation Digest, key truck transportation metrics continued to give mixed signals in early 2020. Additionally, the report explained that the total medium duty market closed 2019 on a positive note...
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March 05, 2020, 07:05 AM
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Verdant Commercial Capital, LLC has hired Amanda Lundmark to manage business development efforts in the passenger transportation industry as Vice President, Relationship Manager. Lundmark has more than 13 years of experience in the equipment finance...
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February 28, 2020, 07:17 AM
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Wintrust Commercial Finance (WCF) announced it acted as lead arranger for a $90 million term loan facility for a national transportation and logistics services firm. Proceeds from the facility, which includes a $40 million accordion feature, will be...
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May 02, 2019, 07:20 AM
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Atlas World Group Inc., which is composed of a portfolio of companies that delivers transportation and related services globally through a network of agents and select service partners, announced plans to form a new leasing company, AWG Equipment...
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March 12, 2019, 07:30 AM
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ENGS Commercial Finance Co. announced Tim Auxier has joined the company as Business Development Manager in its Transportation Finance Division.Auxier will provide financing solutions for dealers and end-users in the Rocky Mountain region, including...
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February 06, 2019, 07:25 AM
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ENGS Commercial Finance Co. announced Meghan McComas has joined the company as Business Development Manager in its Transportation Finance Division.Greg Clemens, Director of Sales for the Transportation Division, said, “We are excited to have Meghan...
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January 30, 2019, 07:20 AM
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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...
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November 28, 2018, 07:20 AM
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The ACT For-Hire Trucking Survey Volume Index (seasonally adjusted) rebounded in October, to 55.9 from 51.8 in September, according to a recent release of ACT Research’s Transportation Digest. However, the report noted that this remains below the...
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November 27, 2018, 07:10 AM
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ENGS Commercial Finance Co. announced Lance Wright has joined the company as Business Development Manager in its Transportation Finance Division.Wright joins the ENGS team after many successful years of transportation and equipment finance experience...
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November 20, 2018, 07:20 AM
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ENGS Commercial Finance Co. announced Bryan Anderson has joined the company as Business Development Manager in its Transportation Finance Division. In this role, Anderson will be responsible for business development efforts to Transportation vendors...
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September 27, 2018, 07:20 AM
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Encina Equipment Finance announced it has provided a $15 million equipment lease line to a specialized transportation company. The facility is being used to fund the purchase of new equipment.Launched in June 2017, Encina Equipment Finance provides...
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September 27, 2018, 07:10 AM
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ENGS Commercial Finance Co. announced John Buckner has joined the company as Business Development Manager in its Transportation Finance Division. Buckner will be responsible for business development efforts to Transportation vendors and fleet...
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September 13, 2018, 07:20 AM
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ENGS Commercial Finance Co. announced Anthony Hooks has joined the company as Business Development Manager in its Transportation Finance Division.In this role, Hooks will specialize in providing transportation fleet financing nationwide in addition...
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August 28, 2018, 07:25 AM
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Hitachi Capital America (HCA) recently divided its loan and lease programs into medium-duty and heavy-duty truck teams and added several experienced heavy-duty experts.Among those new to the Transportation team are Dave Herring, Jeff Mills and Thomas...
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August 16, 2018, 07:25 AM
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Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services...
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May 22, 2018, 07:24 AM
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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...
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April 25, 2018, 07:20 AM
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A strong secondary market for midlife commercial aircraft coupled with gradual deliveries of new generation airplanes have reduced the average age of aircraft lessors' owned portfolios, Fitch Ratings said. This is a positive for the aircraft leasing...
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April 03, 2018, 07:20 AM
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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...
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October 20, 2017, 07:06 AM
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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...
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June 20, 2017, 06:47 AM
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Penske Truck Leasing announced it has entered into an agreement to acquire Richmond, Virginia-based Old Dominion Truck Leasing. Financial terms were not disclosed."Old Dominion Truck Leasing and Penske Truck Leasing customers will benefit from...
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June 15, 2017, 07:02 AM
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A new study by PayNet shows the transportation industry continues to deteriorate, with default rates now approaching levels not seen since the tail end of the Great Recession.PayNet’s Small Business Default Index (SBDFI) shows the rolling 6-month...
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June 05, 2017, 07:09 AM
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Facilitated by the additional build days, trailer production jumped 25% from February, the highest level since March of last year. “Roughly 60% of the month-over-month gain came from the additional build days in the quarter-ending month, while the...
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April 26, 2017, 06:52 AM
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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...
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March 24, 2017, 07:00 AM
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The industry closed 2016 on a solid note, as December dry van orders were up 26% year-over-year, with reefer orders up almost 140% over 2015. Despite that solid y/y performance, both new and net orders were down 5% from the previous month....
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January 23, 2017, 07:06 AM
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Element Fleet Management announced the appointment of Samir Zabaneh as Chief Financial Officer of the Company effective immediately.“I welcome Samir Zabaneh as a valuable addition to Element’s Executive Leadership Team. Samir brings significant...
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January 10, 2017, 07:00 AM
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Worldwide spending on the Internet of Things (IoT) is forecast to reach $737 billion in 2016 as organizations invest in the hardware, software, services, and connectivity that enable the IoT. According to a new update to the International Data...
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January 09, 2017, 07:02 AM
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Great Western Leasing and Sales ("GWLS") announced the acquisition of Quality Trailer Sales. Quality Trailer Sales, based in Albuquerque, New Mexico, is a full-service trailer dealership providing new and used equipment sales and rentals as well as a...
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January 06, 2017, 07:10 AM
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FTR’s Intermodal Competitive Index (ICI) rose again in September to a reading of 4.95. The updated September reading, in moderately favorable territory, reflects increased utilization rates in the over-the-road truck market and stabilizing fuel...
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November 22, 2016, 07:00 AM
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Class 8 net orders were lukewarm in September with a trivial rise, signaling that the historically weak season is coming to an end. Seasonally adjusted, September's orders were at 16,100 units. “October kicks off the traditional high volume fourth...
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October 24, 2016, 07:00 AM
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The American Trucking Associations released the latest edition of its look into the future of freight transportation, U.S. Freight Transportation Forecast to 2027, showing growth in both overall freight volumes and in the amount of goods moved by...
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October 13, 2016, 07:00 AM
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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...
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September 27, 2016, 07:15 AM
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For the third time in the past four months, the freight volume index is a nice change after last month’s worst-in-4-years print. The recent shift to positive in this metric since May suggests that if conditions are not exactly improving at this point...
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September 16, 2016, 07:11 AM
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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...
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July 06, 2016, 07:09 AM
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Trailer net orders rose 12% month over month, but contracted 7% year over year, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“New orders continued to meander in April, the result of fleet...
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May 25, 2016, 07:00 AM
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Fleet Financing Resources (FFR) announced the promotion of Garland Tillery to Chief Finance Officer. The announcement was made by Dave Reynolds, President and CEO of FFR.“Tillery’s abilities and contributions have been a tremendous asset to FFR. He...
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March 29, 2016, 07:15 AM
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FTR’s Trucking Conditions Index (TCI) measure for January begins to reflect slowing growth patterns for trucking transportation. According to FTR, with a reading of 9.05, the index fell from a recent high of 10.88 in December. FTR said current...
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March 16, 2016, 07:06 AM
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Thomas A. Zimmer has joined Vedder Price as a Shareholder on the Global Transportation Finance (GTF) team in the San Francisco office.“We are extremely excited to have Tom join our GTF team at Vedder Price. He brings a wealth of knowledge on...
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March 01, 2016, 07:05 AM
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Heath Holdbrooks, executive vice president, and president of Crestmark’s Transportation Division, announced promotions at the division’s offices in Franklin (Greater Nashville), Tennessee. The Transportation Division specializes in financing...
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January 27, 2016, 07:09 AM
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Marlin Business Services Corp. announced today that it has expanded its vendor financing programs with the launch of a new transportation finance channel. The new unit will provide financing to manufacturers and dealers of commercial trucks, trailers...
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November 11, 2015, 07:14 AM
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Wintrust Commercial Finance (WCF) recently provided $10 million of tractor, tank truck and tank trailer financing to a major provider of logistics services, and fuel and lubricant delivery, serving a wide variety of industries. The proceeds of the...
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October 06, 2015, 07:06 AM
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Class 8 booked nearly 20,200 net new orders in August, while Classes 5-7 posted almost 17,900 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...
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September 21, 2015, 06:45 AM
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CapX Partners announced their recent closing of a $7.5 million loan to meet the existing and future debt financing needs of Gray Line of Tennessee, a charter coach, sightseeing and tour bus company.Gray Line of Tennessee operates over 100 commercial...
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September 18, 2015, 07:05 AM
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Element Financial announced a new leadership team for its fleet management business (“Fleet Management” or the “Company”). The new team brings together top talent and expertise from the recent acquisition of the GE’s U.S. Fleet Services business and...
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September 11, 2015, 07:22 AM
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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...
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June 19, 2015, 07:09 AM
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.2% in January, following a revised gain of 0.1% during the previous month. In January, the index equaled 135.7 (2000=100), an all-time...
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February 25, 2015, 06:30 AM
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CIT Group launched CIT Point of View (cit.com/pov), a new weekly corporate blog that will offer commentary and perspectives on current trends and issues affecting the small business, middle market and transportation sectors. Blog posts in CIT Point...
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December 12, 2014, 07:06 AM
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Total reported volumes of used Class 8 trucks rose 6% month over month and 4% year over year in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Year-to-date, sales...
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November 04, 2014, 07:05 AM
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September saw a continuation of a strong order season for the trailer industry, with 32,194 net orders placed, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The pace of orders continues to...
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October 27, 2014, 07:12 AM
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August saw a continuation of a strong order season for the trailer industry, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). “Both new and net orders posted gains of 30% month over month in...
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September 29, 2014, 06:46 AM
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PNC Capital Markets announced the creation of a Transportation and Utilities public finance capital markets team based in New York City. New hire Nic Malas, managing director, will lead this team, focusing on transportation financing and municipal...
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July 28, 2014, 07:03 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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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...
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April 23, 2014, 07:00 AM
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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...
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April 01, 2014, 07:06 AM
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Class 8 net orders in February were up 30% y/y and Classes 5-7 net orders were up 18%. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT)....
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March 21, 2014, 06:00 AM
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Net orders for trailers in January increased a robust 28% year over year. This information was included in the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“Seven of the ten trailer categories had y/y growth in...
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February 27, 2014, 06:10 AM
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Class 8 net orders started 2014 with a high-side surprise, up 9% m/m and” 51% y/y; Classes 5-7 also got off to a good start with orders up 14% m/m and 33% y/y. This updated status of the North America commercial vehicle market was included in the...
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February 20, 2014, 06:20 AM
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American Power Group Corporation announced a new leasing program for APG dual fuel conversions and related natural gas tank systems that will be offered by Vision Financial Group, Inc. through its specialty unit VFG Energy Leasing and Finance ("VFG")...
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February 11, 2014, 07:02 AM
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With natural gas as a fuel for heavy truck transportation gaining traction, ACT Research Co., LLC has completed the last of a trilogy of reports on the emerging trend. The white paper is entitled “TAKING THE NEXT STEP: Preparing the Maintenance Shop...
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February 10, 2014, 07:00 AM
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According to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT), the fall order season for trailers kicked off with an impressive 43% month over month net order gain. Total net orders were 24,900 units. The...
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November 25, 2013, 06:30 AM
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According to the State of the Industry report released by ACT Research Co. (ACT), Classes 5-8 orders were strong in October. The report covers Classes 5 through 8 vehicles for the North American market.“October brought a sharp move upward from the...
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November 21, 2013, 06:45 AM
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September was the second straight month where trailer industry net orders were above the 240K rate on a seasonally adjusted basis. Despite that strength, industry backlogs continue to be thin. This information was included in the most recent State of...
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October 29, 2013, 06:49 AM
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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...
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September 24, 2013, 07:00 AM
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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...
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August 22, 2013, 07:00 AM
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CIT Group Inc. announced that CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT, to finance the acquisition of three 50,000 DWT...
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August 08, 2013, 07:00 AM
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ACT Research Co. (ACT) said that although commercial vehicle orders slipped month over month in June, there was still good news to be had. Class 8 net orders fell below 20,000 units for the first time since last September at 18,830 units. Classes 5-7...
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July 22, 2013, 06:43 AM
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North American Class 8 orders fell in June, with the preliminary count coming in at 18,900 units. Compared to the same month last year, Class 8 net orders were 13% stronger. Similar to Class 8, June’s medium-duty orders exhibited the same pattern of...
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July 03, 2013, 06:58 AM
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American Trucking Associations released the latest edition of U.S. Freight Forecast to 2024, which projects an overall increase in freight volumes for all modes of more than 20% and an increase in the amount of that freight moved by trucks. The...
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June 27, 2013, 07:00 AM
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New orders for manufactured durable goods in May increased $8.0 billion or 3.6 percent to $231.0 billion, the U.S. Census Bureau announced. This increase, up three of the last four months, followed a 3.6 percent April increase. Excluding...
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June 26, 2013, 07:04 AM
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Volumes for used Class 8 trucks slipped slightly in May due to the retail market slowing 4% month over month. Auction and wholesale segments saw month over month gains. The update on the used market was reported in the latest release of the State of...
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June 26, 2013, 07:00 AM
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New trailer orders of 15,660 trailers fell 30% month over month but the result was mostly due a comparison to a very strong April. May’s volume was more in line with seasonal expectations, according to the latest State of the Industry: U.S. Trailers...
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June 25, 2013, 06:35 AM
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According to GE Capital's Spring 2013 Truck Transportation Research Update, public carrier earnings during Q1 2013 were generally positive and driven by rising freight volume coupled with moderating fuel costs. However, the reports cites the fact...
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June 04, 2013, 06:50 AM
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FTR Associates has released preliminary data showing April Class 8 truck net orders at 23,026, 6% above March numbers. Orders for Class 8 trucks have now been above 20,000 for five consecutive months with April orders 37% improved from a year ago....
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May 14, 2013, 06:55 AM
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Red Classic Services has partnered with Fleet Advantage, a leading innovator in truck fleet business analytics and equipment financing to achieve optimum performance in Red Classic’s fleet operations. The goal: To maximize fuel economy, reduce...
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May 13, 2013, 07:05 AM
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Trinity Industries, Inc. announced it has partnered with an institutional investment fund, Napier Park Railcar Lease Fund LLC (the “Napier Park Fund”) and an additional co-investor who also invested in the Napier Park Fund, to create RIV 2013 Rail...
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May 08, 2013, 07:05 AM
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The Spring Trucking Report released from TAB Bank is showing signs of renewed economic growth according to monthly truck tonnage, fuel costs, perceived business conditions, invoice size, and industrial production. Historically, trends in trucking and...
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April 30, 2013, 07:01 AM
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Net trailer orders for March were down 6% month over month and 12% year over year. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). “Although orders are down, the...
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April 24, 2013, 06:00 AM
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Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, introduces commercial use RVs, fifth wheels and utility/mobile trailers to its equipment financing service. Earlier this year, Priority One...
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April 19, 2013, 07:00 AM
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Merchants Leasing announces the change of their name to Merchants Fleet Management. This adaptation acknowledges the significant growth of the organization not only in the fleets they lease and manage, but the breadth and depth of service...
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April 17, 2013, 07:26 AM
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Transport Topics reported U.S. rail intermodal traffic posted the highest volume for the month of March on record, according to the Association of American Railroads.According to the report, March intermodal traffic rose 0.5% to 933,208 units over...
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April 08, 2013, 06:48 AM
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According to the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT), despite declining from January levels, February commercial trailer orders were strong enough to maintain industry backlogs. Caution, but not...
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March 27, 2013, 07:00 AM
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According to the Wells Fargo Equipment Finance Q1 2013 Trucking Quarterly, the headwinds faced by the transportation industry in 2012 will continue in 2013.Jon Eide, National Sales Manager, of Wells Fargo Equipment Finance Commercial Vehicle Group...
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March 20, 2013, 02:29 PM
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FTR’s Trucking Conditions Index (TCI) for January as reported in the March 2013 Trucking Update jumped 2.2 points from the previous month to a new reading of 10.6. The upward trend in the TCI reflects improved freight growth and expectation for...
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March 19, 2013, 07:04 AM
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North America heavy duty GVW Class 8 preliminary net orders for February rose sequentially and year-over-year, narrowly besting October 2012 to reach their highest reading since January 2012, while medium duty orders exhibited strong growth. The...
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March 07, 2013, 07:02 AM
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New orders for manufactured durable goods in January decreased $11.8 billion or 5.2 percent to $217.0 billion, the U.S. Census Bureau announced. This decrease, down following four consecutive monthly increases, followed a 3.7 percent December...
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February 28, 2013, 07:05 AM
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Used Class 8 truck sales volumes were down in January, falling 6% month over month and 3% year over year. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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February 27, 2013, 07:08 AM
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PHH Arval, a leading fleet management services provider, has been named to Baltimore Magazine’s 2013 “Best Places to Work” list. The annual list honors companies in the Baltimore area known for their positive work environments, dynamic leadership...
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February 19, 2013, 06:00 AM
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The Trucker reported that sales of Class 8 trucks totaled 13,158, a drop of 27.4% from December 2012 and a 6.8% decline from January 2012.According to the report, only the Daimler nameplates — Freightliner and Western Star — showed sales increases...
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February 14, 2013, 07:00 AM
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FTR’s Trucking Conditions Index (TCI) for December as reported in the February 2013 Trucking Update came in with a reading of 8.38 reflective of the current good environment for truckers. By mid-2013 the TCI is expected to rise significantly, caused...
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February 11, 2013, 07:00 AM
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According to latest update on the used truck market reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the wholesale used market was the only segment to grow from 2011 to 2012, up 3%....
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January 30, 2013, 06:30 AM
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North America heavy duty GVW Classes 5-8 preliminary net orders for December represent an improvement from where orders were through most of 2012. The final numbers, which will be released mid-January, will approach 14,200 units for medium duty...
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January 04, 2013, 07:22 AM
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New trailer orders slid back slightly month over month in November with 22,306 net orders on the books. The comparison was against a very strong October. This update on industry performance was reported in the latest State of the Industry: U.S....
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December 27, 2012, 07:31 AM
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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...
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December 19, 2012, 07:00 AM
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The revenue outlook for truck leasing firms is undergoing a shift as truck operators begin to re-assess the economics of long-term leasing opportunities, according to Fitch Ratings. Demand for short-term commercial truck rentals has been relatively...
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December 11, 2012, 07:24 AM
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Major issues still need to be addressed, but presuming the United States gets its fiscal house in some semblance of order, the U.S. economy could be in a transition from sluggish growth to a longer period of moderate growth, according to a new report...
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November 28, 2012, 07:31 AM
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After a brief hiatus in September, the used truck market appears to moving in the right direction, as Class 8 unit sales improved 6% month-over-month. The update on the used market was reported in the latest release of the State of the Industry: U.S....
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November 28, 2012, 07:03 AM
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New trailer orders rose by nearly a third from September to 24,707 units in October. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). “Dry vans were responsible...
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November 26, 2012, 07:37 AM
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North America Classes 5-8 commercial vehicle preliminary net orders for October, as reported by ACT Research rose to levels of “best since” comparisons. The final numbers, which will be released mid-November, will approach 23,200 units for heavy duty...
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November 05, 2012, 06:19 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, September’s weak performance all but wiped out the gains that had been made in the used truck market the prior three months. “Class...
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October 29, 2012, 06:04 AM
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Net orders for trailers jumped 11% month over month in September, rising to 16,990 units. That is a seasonally adjusted annual rate of 224,800 units. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers...
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October 25, 2012, 06:37 AM
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Class 8 new and net orders continued to soften in September as the perceived threat of bad economic news impacts potential truck buyers. This updated status of the North America commercial vehicle market was included in the State of the Industry...
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October 24, 2012, 06:49 AM
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American Trucking Associations Chief Economist Bob Costello told fleet executives that freight volumes continue to be varied, depending on the sector and trucking’s outlook will be cloudy in the months ahead.
“As far as freight volumes, the trucking...
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October 10, 2012, 08:01 AM
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Truckinginfo reported the number of carriers expecting to add little or no capacity in the next 12 months has remained fairly constant at around 70-74% for the last five quarters, according to Transport Capital Partners' Third Quarter 2012 Business...
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October 03, 2012, 07:30 AM
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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...
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September 26, 2012, 06:37 AM
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The amount of freight carried by the for-hire transportation industry rose 0.1 percent in July from June, rising after a one-month decline, according to the U.S. Department of Transportation's Bureau of Transportation Statistics' (BTS) Freight...
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September 17, 2012, 07:09 AM
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Fleet Advantage Chief Executive Officer John Flynn reports that the privately held company in Fort Lauderdale has reached a new milestone and exceeded $100 million in revenue and lease origination for the six-month period ending June 30, 2012. This...
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September 12, 2012, 06:14 AM
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GE Capital Fleet Services today announced the appointment of Kristi Webb as president and chief executive officer. Webb replaces Clarence Nunn, who was recently appointed chief commercial officer for GE Capital, Americas. Webb was previously General...
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September 11, 2012, 06:44 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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The Class 8 market continued to experience weak orders and falling backlogs. Build rates exceeded the pace of incoming orders again in July. Classes 5-7 continued to be a model of consistency with orders in line with build and steady, if low...
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August 24, 2012, 07:00 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in July after increasing 1.1% in June. (June’s gain was slightly smaller than the 1.2% increase ATA reported on July 25.) In July, the...
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August 22, 2012, 07:22 AM
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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...
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August 17, 2012, 07:02 AM
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According to an article posted on Truck News, Mark Lampert, senior vice-president, sales and marketing with Freightliner admitted Class 8 order activity has slowed beyond expectations, but stated the company maintains an optimistic outlook for the...
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August 13, 2012, 06:28 AM
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FTR’s Trucking Conditions Index for June, as reported in the August 2012 Trucking Update, continued its downward trend, declining a half point from May to a reading of 4.5. This was weaker than initial expectations. The current economy continues to...
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August 09, 2012, 07:28 AM
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SeaCube Container Leasing Ltd (SeaCube) one of the world’s largest lessors of intermodal freight containers, reported results for the second quarter ended June 30, 2012. Adjusted net income was $13.3 million for the second quarter of 2012 compared to...
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August 07, 2012, 06:31 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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North America heavy duty GVW Class 8 commercial vehicle preliminary net orders for July, as reported by ACT Research Co., LLC, were below trend, while Classes 5-7 net orders bounced back above the long run order trend. The final numbers, which will...
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August 03, 2012, 07:00 AM
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CIT Group announced that CIT Rail, the third largest railcar lessor in North America, has placed orders for an additional 3,000 tank cars from multiple manufacturers. Deliveries are scheduled to begin in 2014. “These new car orders demonstrate CIT...
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July 31, 2012, 07:05 AM
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Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America announced results for the second quarter ended June 30, 2012. The Company's net income for the quarter was $17.4 million compared with net...
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July 27, 2012, 07:13 AM
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The Summer Trucking Report released from TAB Bank is showing broad signs of growth according to monthly truck tonnage, fuel costs, perceived business conditions, and invoice size. Historically, trends in trucking and transportation serve as good...
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July 25, 2012, 06:28 AM
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Bloomberg reported that Volvo AB, the world’s second-largest truck maker, said second-quarter vehicle orders dropped 19% because of a weakening economic outlook in North America and southern Europe. According to the report, sales contracts fell to...
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July 24, 2012, 06:30 AM
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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...
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July 17, 2012, 07:30 AM
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North America heavy duty GVW Class 8 commercial vehicle preliminary net orders for June, as reported by ACT Research Co., LLC remained soft. Classes 5-7 net orders also fell below trend, but the decline was expected, as medium-duty activity typically...
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July 06, 2012, 06:50 AM
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The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month over month, but 3% above the average price in May 2011. On a year-to-date basis, prices remained 13% above last year’s pace. The update on the used...
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June 27, 2012, 07:00 AM
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Trailer industry orders softened in May. Given that orders in May have fallen below April volumes in ten of the past 12 years, the decline was anticipated. That they fell as far as they did – down 23% month over month on a seasonally adjusted basis –...
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June 26, 2012, 03:00 PM
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In an environment that should support healthy demand, ACT Research believes that a lack of confidence by the credit-buyer side of the market is at the root of the three-month downturn experienced in the Class 8 market. In the most recent issue of the...
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June 22, 2012, 07:00 AM
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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...
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June 14, 2012, 07:00 AM
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ACT Research lowered its Class 8 build expectations for the second half of the year due to continuing softness in demand in its June issue of the ACT N.A. Commercial Vehicle OUTLOOK. Expectations for medium-duty build were unchanged. The trailer...
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June 13, 2012, 06:45 AM
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FTR Associates has released preliminary data showing May Class 8 truck net orders at 17,650 units, a modest upturn after four months of decline. Preliminary order numbers are for all major North American OEMs. May orders were only up 5% from a weak...
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June 06, 2012, 06:30 AM
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North America medium and heavy duty GVW Classes 5 and 6-7 commercial vehicle preliminary net orders for May were down from April as reported by ACT Research Co., LLC (ACT). Class 8 numbers, while still soft, were up from actual numbers in April. The...
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June 05, 2012, 07:00 AM
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CIT Group announced that CIT Rail, the third largest railcar lessor in North America, ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013. These orders are for various tank car models that support the...
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June 05, 2012, 06:00 AM
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April saw a turn-around in the trend of the prior two months in the Used Class 8 truck market, as volumes sank and pricing rose. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used...
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May 30, 2012, 07:30 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in April after increasing 0.6% in March. (March’s gain was more than the preliminary 0.2% increase ATA reported on April 24.) The latest...
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May 24, 2012, 07:00 AM
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ACT Research in its May issue of the ACT N.A. Commercial Vehicle OUTLOOK continues to believe that U.S. economic activity in 2012 will expand at a moderate pace of 2.2% with slow employment growth acting as a brake on more robust growth. Inflationary...
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May 14, 2012, 07:00 AM
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FreightCar America, Inc. reported results for the first quarter ended March 31, 2012, with revenues of $219.1 million and net income of $9.7 million. For the same quarter in 2011, the Company reported revenues of $72.2 million and a net loss of $1.3...
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May 08, 2012, 06:00 AM
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North America medium and heavy duty GVW Classes 6-7 and Class 8 commercial vehicle preliminary net orders for April were down from March as reported by ACT Research Co., LLC (ACT). The final numbers, which will be released mid-May, will approach...
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May 04, 2012, 06:30 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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Used Class 8 truck pricing slipped for the second consecutive month in March. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Prices are not...
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April 27, 2012, 07:00 AM
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According to the March Advance Report on Durable Goods, orders for manufactured durable goods in March decreased $8.8 billion or 4.2 percent to $202.6 billion, the U.S. Census Bureau announced yesterday. This decrease, down two of the last three...
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April 26, 2012, 07:15 AM
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Net orders for trailers fell 11% month-over-month in March, but for the quarter were almost identical to orders in Q1 2011. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research...
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April 26, 2012, 06:30 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.2% in March after increasing 0.5% in February. (February’s rise was unchanged from the preliminary gain reported on March 27th.) The SA index...
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April 25, 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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The release of the 2012 edition of ATA American Trucking Trends by American Trucking Associations, now available for sale through ATA Business Solutions, shows that trucking continues to be the dominant mode of freight transportation and an integral...
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April 18, 2012, 08:00 AM
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U.S. chief financial officers (CFOs) of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market...
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April 16, 2012, 07:30 AM
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The Trucker reported that heavy-duty new truck sales in March topped 17,000 and were the best to date for 2012, and also the best since October 2011. This also made March the second best single month in five years.According to the report, figures...
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April 13, 2012, 06:00 AM
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ACT Research has maintained its forecasts in the latest issue of the ACT North American Commercial Vehicle OUTLOOK. “The economy and commercial vehicle demand are both generally in line with expectations,” said Kenny Vieth, ACT’s president & senior...
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April 12, 2012, 06:00 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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Signature Bank, a New York-based full-service commercial bank, announced today that it has formed a new subsidiary, Signature Financial, LLC, marking the Bank’s entry into the specialty financing arena. Concurrently, the Bank appointed a major middle...
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April 04, 2012, 07:30 AM
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North America medium and heavy duty GVW Classes 5-7 and Class 8 commercial vehicle preliminary net orders for March were reported today by ACT Research Co., LLC (ACT). The final numbers, which will be released mid-April, will approach 20,000 units...
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April 04, 2012, 07:00 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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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.5% in February after falling 4.6% in January (revised from 4%). The latest gain put the SA index at 119.3, up from January’s level of 118.7. ...
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March 29, 2012, 05:45 AM
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New orders for manufactured durable goods in February increased $4.5 billion or 2.2 percent to $211.8 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 3.6 percent January decrease. Excluding...
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March 28, 2012, 08:30 AM
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ACT Research reported that in February, the performance differences between total vans and all other trailers was striking: net orders for total van trailers were off 32% month over month while all other trailers posted a gain of 31%. This update on...
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March 28, 2012, 07:00 AM
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GE Capital’s Spring 2012 Industry Research Monitor on Truck Transportation indicates the U.S. economy and freight indicators are holding steady. According to the report, high asset age, increased capacity utilization and improving used equipment...
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March 19, 2012, 07:45 AM
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The amount of freight carried by the for-hire transportation industry fell 3.6% in January from December, declining after five consecutive monthly increases, according to the U.S. Department of Transportation's Bureau of Transportation Statistics'...
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March 16, 2012, 08:00 AM
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According to results from the winter 2012 McGladrey Manufacturing and Distribution Monitor - a survey of middle-market manufacturing and distribution executives, which provides a unique look into the state of manufacturing on "Main Street" – the...
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March 07, 2012, 08:00 AM
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A new study of the change in the types of small businesses from 2000 to 2011 reveals a dramatic shift towards service based businesses. This longitudinal study shows that traditional sectors that drove the small business economy in the past, like...
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March 01, 2012, 07:45 AM
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According to the Federal Reserve’s Beige Book report, overall economic activity continued to increase at a modest to moderate pace in January and early February. Activity expanded at a moderate pace in the Cleveland, Chicago, Kansas City, Dallas, and...
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March 01, 2012, 06:30 AM
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ACT Research remains bullish on Class 8 in the medium to longer term, according to the February issue of the ACT North American Commercial Vehicle OUTLOOK, published by ACT Research Co. (ACT). “We look for economic activity in 2012 to expand at a...
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February 14, 2012, 07:15 AM
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