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News

A Komatsu HB365LC hybrid excavator during the ConExpo-Con/Agg tradeshow in Las Vegas, Nevada, US, on Wednesday, March 15, 2023. As electric SUVs and sedans roll onto American highways, diesel still reigns supreme on US construction sites. But walk around the industrys largest trade conference in Last Vegas this week, and the first signs of battery power have finally arrived.

Construction

Komatsu retail finance revenue slides more than 20% in 2023

bySamson Amore

April 26, 2024

Japanese equipment manufacturer Komatsu posted a decline in retail finance profits for fiscal 2023, in part because it used its allowance...

Transportation

Traton Financial Services revenue rises 29%

byJohnnie Martinez II

April 26, 2024

Traton Financial Services’ revenue rose in the first quarter of 2024 as the company continued to expand its truck and...

OnStar Business Solutions brings four distinct product offerings — OnStar Safety Services, OnStar Vehicle Insights, API & Data Services and Wi-Fi — under one umbrella to make fleet management simpler than ever before.

Dealer Operations

Ford fleet sales jump; GM fleet sales slide

byJohnnie Martinez II

April 25, 2024

Vehicle manufacturers Ford and General Motors experienced mixed commercial sales results, as demand persists but tightening credit forces prioritization. Ford...

Construction

Higher new business originations boost Cat Financial’s earnings

bySamson Amore

April 25, 2024

Caterpillar’s equipment financing arm, Cat Financial, posted increased revenues in the first quarter of 2024, following strong profit margins in...

Workers assemble the under carriage of vehicles at the Nissan Motor Co. North America manufacturing plant in Canton, Mississippi, U.S., on Thursday, Sept. 8, 2016. The U.S. Census Bureau is scheduled to release durable goods figures on September 28.

Transportation

Transportation equipment leads durable, core capital goods orders growth

byJohnnie Martinez II

April 24, 2024

New orders for durable goods and core capital goods increased again in March as companies continued to navigate rising interest...

Aftermarket revenue shines in Rush Enterprises’ Q4 earnings

Transportation

Rush Enterprises’ aftermarket revenue ebbs as freight volumes decrease

bySamson Amore

April 24, 2024

Commercial truck dealer Rush Enterprises’ aftermarket revenue from services and parts flattened in the first quarter of 2024, a trend...

A combine harvester cuts a field of wheat on a farm in the Lisowice district of Torun, Poland, on Friday, Aug. 11, 2023. Some of Ukraines European neighbors, including Poland, are extending a ban on purchasing some of the countrys grain until mid-September, a move that risks fueling tensions between Kyiv and its allies.

Dealer Operations

H&R Agri-Power stresses F&I amid tight financing

byJohnnie Martinez II

April 23, 2024

Agriculture equipment dealer H&R Agri-Power is emphasizing strong finance and insurance operations as high interest rates persist and customers seek...

Ryder System expands commercial lease program

Lender Operations

Ryder System selling off vehicles as rental revenue slides in Q1

bySamson Amore

April 23, 2024

United Kingdom-based fleet manager Ryder System’s rental revenue slid 4.54% year over year in the first quarter of 2024, pushing...

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News

Komatsu retail finance revenue slides more than 20% in 2023

Traton Financial Services revenue rises 29%

Ford fleet sales jump; GM fleet sales slide

Higher new business originations boost Cat Financial’s earnings

Transportation equipment leads durable, core capital goods orders growth

Rush Enterprises’ aftermarket revenue ebbs as freight volumes decrease

H&R Agri-Power stresses F&I amid tight financing

Ryder System selling off vehicles as rental revenue slides in Q1

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