Reuters reported that a port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday.According to the Reuters report, a source said no negotiations were...
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September 30, 2024, 07:07 AM
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Clarus Capital closed a $10 million loan facility for a leading private equity-backed transportation services provider. The financing will facilitate the acquisition of new specially outfitted vehicles to fulfill requirements under the company’s...
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September 18, 2024, 07:02 AM
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eCapital announced a new $20 million non-notification factoring facility for a large private transportation company servicing clients across North America. This transaction showcases eCapital's capability to support fleets with substantial working...
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August 02, 2024, 07:00 AM
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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced the establishment of a $65,000,000 CAPEX facility to fund the rolling stock acquisition needs of a national transportation company...
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July 11, 2024, 07:20 AM
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TAB Bank extended a $7 million credit facility to a family-owned transportation and brokerage company in the Southeast. The partnership will support the company’s growth and evolving working capital needs.TAB Bank previously worked with the...
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July 11, 2024, 07:05 AM
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Eastern Bank announced global ground transportation company DPV Transportation, Inc. as a new commercial banking customer. Headquartered in Everett, MA, DPV is the largest certified minority-owned ground transportation business in New England...
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March 07, 2024, 07:12 AM
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Aequum Capital recently closed $21,600,000 in credit facilities to a leading logistics and transportation organization providing hauling services to the New Mexico and Rocky Mountain Region. The credit facilities support ongoing working capital needs...
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February 06, 2024, 07:00 AM
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Blue Bird Corporation, the leader in electric and low-emission school buses, announced that on Nov. 17, 2023 the Company completed the refinancing of its credit facilities and entered into a new five-year credit agreement with a syndicate of...
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November 21, 2023, 07:05 AM
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Fleet Advantage announced it has been named as Progressive Grocer’s Impact Award winner in the category of Sustainability/Resource Conservation. The company was recognized for continuing to unveil never-seen-before analytic tools, such as its EV Life...
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November 17, 2023, 07:05 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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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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The freight cycle remains clearly weak, according to the latest release of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report, but there are rays of light at the end of the tunnel. ACT Research sees the tightly intertwined supply and...
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May 17, 2023, 07:00 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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Fleet Advantage announced Marketing Manager Elizabeth Gomez was named a 2023 Top Woman to Watch in Transportation by the Women In Trucking Association's "Redefining the Road" Magazine. As a member of the Fleet Advantage team for over five years...
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March 15, 2023, 07:05 AM
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According to this quarter’s issue of ACT Research’s Trailer Components & Raw Materials Forecast, supply-chain concerns still linger, with some manufacturers sharing that they see no short-term improvement in sight. Most trailer makers continue to see...
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March 01, 2023, 07:03 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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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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According to this quarter’s issue of ACT Research’s Trailer Components & Raw Materials Forecast, recent weak economic numbers and higher interest rates do not seem to have impacted the commercial vehicle (CV) sector in any meaningful form. Demand...
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December 01, 2022, 07:02 AM
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According to ACT Research’s Transportation Digest, the top line on the Class 8 Tractor Dashboard slipped in September to a -4 reading, the sixth moderately downbeat reading in seven months.The Transportation Digest, which combines proprietary ACT...
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November 28, 2022, 07:05 AM
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October net U.S. trailer orders of 47,860 units were 83 percent higher compared to last month, +57 percent on a seasonally adjusted basis, and 171 percent above the year-ago October level, according to this month’s issue of ACT Research’s State of...
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November 23, 2022, 07:07 AM
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Preliminary reports show that net trailer orders in September were 25,700 units, up about 45 percent from August, but around 10 percent lower than the same month last year. Final September results will be available later this month. “With more 2023...
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October 21, 2022, 07:00 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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July net U.S. trailer orders of 16,997 units were 33 percent lower compared to last month, but more than 103 percent above the year-ago July level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.“OEMS...
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August 19, 2022, 07:00 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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Stonebriar Commercial Finance announced the closing of a $77 million TRAC lease with a premier long-haul waste transportation provider serving a broad range of commercial waste management companies. The lease refinanced their entire fleet of tractors...
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July 14, 2022, 07:15 AM
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Castlelake announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global Mobility ("VGM"), a leading provider to the smart mobility marketplace, for the...
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June 30, 2022, 07:03 AM
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May net U.S. trailer orders of 19,445 units were virtually unchanged compared to April, down just 0.8 percent month over month, but were 93 percent higher compared to May 2021, according to this month’s issue of ACT Research’s State of the Industry:...
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June 24, 2022, 07:05 AM
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With its June Market Trends Report, Ritchie Bros. takes a closer look at trends in the used transportation equipment market. According to its latest price indexes, truck tractor prices are up approximately 46 percent year over year in the United...
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June 22, 2022, 07:08 AM
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Preliminary reports show net trailer orders in May were 18,300 units, down about 7 percent from the previous month, but up a significant 111 percent from May last year, according to ACT Research. Final May results will be available later this...
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June 17, 2022, 07:05 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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Ryder System, Inc., a provider in supply chain, dedicated transportation and fleet management solutions, announced the expansion of Ryder Last Mile, its customizable, multi-tiered delivery solution for big-and-bulky goods. With new distribution...
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May 19, 2022, 07:07 AM
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According to ACT Research’s recently released Transportation Digest, the top line on ACT’s Tractor Dashboard in February extended the steep-pitched decline of January, taking the dashboard top line tally from double-digits in January to zero.The...
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April 25, 2022, 06:58 AM
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Commercial Fleet Financing, Inc., a provider of transportation equipment financing, reported record monthly fundings for March of $20,091,000. CFF funded 243 transactions with an average transaction size of $82,679. Additionally, Q1 fundings were $52...
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April 06, 2022, 07:20 AM
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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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The order pace for U.S. trailers that closed 2021 and opened 2022 continued for the third straight month in February, according to ACT Research. Preliminary estimates point to OEMs booking 26,500 net orders for the month, down 0.7 percent...
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March 15, 2022, 07:00 AM
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January net U.S. trailer orders of 26,595 units increased less than 1 percent from the previous month and were more than 15 percent lower compared to January of 2021. Before accounting for cancellations, new orders of 28,000 units were down about 2...
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March 03, 2022, 07:05 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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Fleet Advantage announced Don Davis, Senior Vice President, National Accounts, has been named one of Food Logistics’ 2022 Rock Stars of the Supply Chain. The award recognizes influential individuals in the cold food industry whose achievements, hard...
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February 16, 2022, 07:18 AM
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According to ACT Research’s recently released Transportation Digest, the six key themes that shaped the North American commercial vehicle markets in 2021 will continue to do so in 2022, and likely beyond.“The factors impacting the market start and...
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January 25, 2022, 07:06 AM
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According to this quarter’s issue of ACT Research’s Trailer Components Report, component and material availability continue to be a significant problem for trailer manufacturers, and the issue is widespread, not contained to any small group of parts...
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November 29, 2021, 07:00 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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Element Fleet Management Corp. announced a new electric vehicle charging agreement with Enel X, the advanced energy services arm of the Enel Group. This collaboration will provide Element clients access to Enel X’s residential and commercial smart...
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November 04, 2021, 07:05 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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Commercial Fleet Financing, Inc., a transportation equipment financing provider, reported financial results for the third quarter ending Sept. 30. For the quarter, CFF funded $49,086,000 from 586 transactions with an average transaction size of...
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October 07, 2021, 07:17 AM
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According to ACT Research’s recently released Transportation Digest, North America’s commercial vehicle industry is experiencing material capacity constraints that are dictating the speed at which the industry can produce for the rest of this year...
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September 27, 2021, 07:12 AM
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Commercial vehicle-related spending among small to medium-sized businesses (SMBs) is up, primarily due to a surge in leasing versus buying, a trend which is likely being driven by cash flow and capital access challenges related to the pandemic. This...
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September 02, 2021, 07:10 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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ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.“One decidedly different factor becoming clear in this economic recovery is that the ceiling on the capital goods cycle has been decisively...
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June 15, 2021, 07:00 AM
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Preliminary reports show trailer OEMs posted 8,800 net orders in May, off 39 percent versus April, but almost 170 percent better than the COVID-impacted level last year, ACT Research reported. Final May volume will be available later this month. “The...
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June 14, 2021, 07:04 AM
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April net U.S. trailer orders of 14,387 units fell nearly 52 percent from the previous month and rose more than 3,600 percent compared to the severely COVID-impacted April of 2020. Before accounting for cancellations, new orders of 18,900 units were...
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May 27, 2021, 07:05 AM
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ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “With visibility on a strong freight cycle still unusually good, this...
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April 13, 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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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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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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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...
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November 23, 2020, 07:10 AM
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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...
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August 25, 2020, 07:00 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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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...
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May 21, 2020, 07:05 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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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...
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March 31, 2020, 07:15 AM
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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...
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December 30, 2019, 06:59 AM
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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...
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August 30, 2019, 07:05 AM
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Trimble announced a new TMT Fleet Maintenance software module for third-party heavy-duty maintenance providers, designed to better support the growing trend of outsourced fleet maintenance. Trimble's Contract Maintenance module is built to serve...
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August 30, 2019, 07:04 AM
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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...
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August 26, 2019, 07:00 AM
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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...
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August 19, 2019, 07:05 AM
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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...
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May 24, 2019, 07:05 AM
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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...
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April 19, 2019, 07:28 AM
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Hitachi Capital America (HCA) has opened an office in the Dallas/Fort Worth area to support the company’s continued expansion of its transportation financing activities.Located in Flower Mound, a center of the heavy-duty truck finance industry, the...
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December 06, 2018, 06:50 AM
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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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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...
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May 29, 2018, 07:05 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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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...
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March 23, 2018, 07:15 AM
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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 +/-...
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February 16, 2018, 07:17 AM
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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...
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February 07, 2018, 07:00 AM
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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...
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December 20, 2017, 07:08 AM
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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...
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November 22, 2017, 07:10 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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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...
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September 14, 2017, 07:16 AM
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The Global Barge Transportation Market is expected to cross $170 billion by 2024, according to a new research report by Global Market Insights, Inc.Global barge transportation shipment volume is expected to cross 12 billion tons till 2024. Huge...
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August 22, 2017, 07:52 AM
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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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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...
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March 30, 2017, 07:09 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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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...
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January 12, 2017, 07:05 AM
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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...
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January 03, 2017, 07:15 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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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...
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September 09, 2016, 07:00 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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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...
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June 08, 2016, 07:10 AM
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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...
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April 15, 2016, 07:26 AM
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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...
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December 30, 2015, 07:20 AM
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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...
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July 24, 2015, 06:00 AM
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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...
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July 23, 2015, 07:15 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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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...
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December 15, 2014, 07:19 AM
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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...
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October 17, 2014, 06:00 AM
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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...
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September 29, 2014, 06:00 AM
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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...
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June 24, 2014, 07:00 AM
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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...
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May 21, 2014, 06:00 AM
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TAB Bank announced it has provided a $5.7 million asset-based credit facility for a transportation company located in the Southeast. The company operates a fleet of approximately 100 tractors and 115 trailers and is primarily a truckload refrigerated...
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April 24, 2014, 06:00 AM
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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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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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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...
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April 25, 2013, 07:34 AM
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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...
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January 11, 2013, 07:00 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 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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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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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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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...
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July 16, 2012, 07:23 AM
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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...
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June 18, 2012, 06:30 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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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...
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May 15, 2012, 07:00 AM
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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...
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May 10, 2012, 07:00 AM
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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...
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February 09, 2012, 07:00 AM
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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...
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February 07, 2012, 07:00 AM
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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...
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January 13, 2012, 07:00 AM
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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...
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November 07, 2011, 07:00 AM
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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...
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November 04, 2011, 07:00 AM
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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...
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November 03, 2011, 07:30 AM
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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...
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October 31, 2011, 07:30 AM
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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 WardsAuto.com. According to this report, Total Class 8 sales...
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October 31, 2011, 06:30 AM
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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...
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October 27, 2011, 06:26 AM
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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. ...
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October 27, 2011, 06:01 AM
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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...
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October 26, 2011, 08:36 AM
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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...
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October 26, 2011, 07:26 AM
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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...
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October 25, 2011, 07:16 AM
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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...
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October 25, 2011, 06:40 AM
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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...
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October 24, 2011, 08:00 AM
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