Rental revenue down at Ryder System in Q4
Rental revenue fell at truck and van supplier Ryder System but increased at heavy equipment supplier Herc Rentals, according to ...
Tag: earnings
Aftermarket revenue shines in Rush Enterprises’ Q4 earnings
Commercial truck dealer Rush Enterprises’ aftermarket products and services revenue jumped in 2023 in tandem with rising truck sales and ...
Terex order backlog drops but remains at 3x historical average
Equipment manufacturer Terex trimmed its order backlog in 2023 by 18% but the company’s surplus of orders still outweighs its ...
Demand for Ford commercial trucks exceeds supply
Demand for Ford's commercial vehicle division, Ford Pro, is exceeding supply as dealers “clamor” for inventory. “Dealers are clamoring ...
Cat Financial profit up 41% on higher financing rates
Cat Financial, the equipment financing arm of Caterpillar, reported a 2023 profit of $563 million, up 5% from 2022, spurred ...
Strong North American sales bolster Hitachi Construction Machinery Q3 results
Strong sales of mining trucks and public works equipment in North America pushed Hitachi Construction Machinery’s fiscal third-quarter 2023 net ...
New York Community Bank’s equipment finance outstandings grow in fourth quarter
New York Community Bank’s equipment finance outstandings represented nearly 27% of the bank’s overall commercial and industrial portfolio in fourth-quarter ...
Komatsu retail finance originations rise 13%
Japanese OEM Komatsu’s retail finance originations increased during the first nine months of the company’s fiscal 2023 due to favorable ...
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