The truck-leasing business is strengthening this year as fleets contend with the rising cost of new trucks and maintenance, industry officials said.
June 22, 2015Business
Investors Bank Sets Up Equipment Lending Division
Investors Bank, based in Short Hills, N.J., has launched an equipment finance group to provide financing and leasing services to trucking and other middle-market companies.
February 26, 2018Business
Leasing, Financing Confidence Index Declines
The Equipment Leasing & Finance Foundation earlier this month reported a decline of four percentage points in its confidence index to 55.1, citing hesitancy by business owners to make investments.
May 23, 2016Business
Milestone Equipment, Quest Capital Complete Merger
Wood Creek Capital Management, which owns trailer leasing companies, announced that it has completed a merger of Milestone Equipment Holdings and Quest Capital Group, a transaction that increases Milestone鈥檚 fleet by 70%.
July 13, 2015Business
Equipment Lessors鈥 Rental Business Grows as Fleets Replace Old Trucks, Test Equipment
Equipment-leasing and fleet-management firms said they are seeing a rise in demand for truck rentals as customers seek to replace aging vehicles and test new technology in response to improving business conditions.
August 29, 2011Business
International Offers New Lease Program
Navistar Inc.鈥檚 International Trucks has introduced a lease program that includes back-to-back three-year leases with fixed payments over the six years.
August 24, 2011Government
Truck Leasing Group Asks DOT to Postpone Elimination of Registrant Rule
The Truck Renting and Leasing Association has asked federal regulators to postpone the elimination of 鈥渞egistrant-only鈥 Department of Transportation numbers that are given to the owners of commercial vehicles who are not motor carriers.
August 2, 2011