Daimler-backed Torc appoints Wessels CFO
Torc Robotics, an autonomous trucking technology provider and independent subsidiary of Daimler Truck, has named Tobias Wessels chief financial officer effective ...
Tag: trucking
BMO to sell truck, trailer financing businesses to Stonepeak
Bank of Montreal agreed to sell its business that finances trucks, trailers and equipment to Stonepeak, offloading a portfolio that ...
Workhorse CEO Scott Griffith on financing strategy, EV truck outlook
Commercial EV manufacturer Workhorse is sharpening its financing model as it looks to address residual value uncertainty and affordability concerns. The EV truck ...
Penske F&I revenue falls 22.2%
Truck dealers Rush Enterprises and Penske Automotive Group continued to see sluggish sales in the first quarter amid persisting market challenges. Commercial truck sales in ...
Traton Financial Services revenue up 12.8%
The financing arm of commercial vehicle OEM Traton Group posted higher revenue in the first quarter despite decreased unit sales. Traton ...
Class 8 truck orders surge 131% YoY
North American Class 8 truck orders soared 131% year over year in March to 38,050 units, according to ACT Research. The ...
Einride brings autonomy to defense sector
Einride, an end-to-end provider of autonomous and EV freight solutions, has appointed retired U.S. Army Gen. Keith Alexander to its ...
12 freight carriers go bankrupt in March
Twelve more freight carriers filed for bankruptcy in March as rising fuel prices further pressure the transportation finance sector. These trucking companies filed for Chapter ...
