Getting in gear: Trucking industry looks to gain traction
As equipment inventories continue to spike and values drop amid a tightened financing environment, the transportation finance industry is gaining...
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Transportation
Fleet operators park trucks as operating costs rise
Rising costs of insurance, fuel and drivers — and the continuing decrease of freight rates — are causing some fleet...
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Ryder System expands commercial lease program
Commercial vehicle rental company Ryder System has added two multiyear electric lease customers in South Florida as the commercial equipment...
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Transportation collateral value declines push down repossession rates
Dropping transportation values created less incentive for lenders to repossess commercial vehicles despite default rates remaining elevated this year. Despite...
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Penske Logistics appoints Jeff Jackson as new president
Penske Logistics appointed Jeff Jackson as its new president, succeeding Marc Althen upon his retirement. (Courtesy/Penske) Jackson, a Penske veteran...
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Ford investing in commercial financing as demand outpaces supply
Ford Credit is developing more ways to support commercial vehicle financing as Ford increases its investment in its commercial segment. ...
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Inventories up, values down in transportation market
Values for used transportation equipment continue to fall as organizations address procurement, the growing gap between new- and used-vehicle values...
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Inside Ford Credit’s commercial strategy
As executive vice president of Ford Pro Finsimple, Jim Drotman oversees Ford Credit’s commercial customer strategy as well as financial...
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