Full Truck Alliance releases 2023 fiscal report
FTA says y/y net revenues and fulfilled orders were up considerably, while its net income more than quadrupled from 2022.
Lion Electric announces layoffs, shares recent financial results
Revenue and orders were up, however the company temporarily laid off of around 100 manufacturing employees, citing government grant delays.
Fleet Advantage, FleetNet America by Cox Automotive partner on financing, maintenance solutions
An unbundled leases structure with finance and nationwide maintenance options.
ELFA’s top 10 equipment acquisition trends for 2024
The association, which represents the $1 trillion equipment finance sector, predicts businesses will be investing and financing a lot, this year.
Equipment Leasing & Finance Foundation projects 2.2% expansion in equipment and software investment in 2024
The U.S. economy likely averted a recession in 2023 and appears to be on track for a “soft landing” in 2024.
Mitsubishi HC Capital America shares potential trends for equipment finance industry in 2024
“We may be turning the corner in 2024.”
Mack hosts MD Electric drive event, details new subscription-based financing option
Orders for these trucks are open now, and deliveries will commence in Q4 of this year. But this was the first opportunity offered to drive the MD Electric, this time on California’s Sonoma Raceway.
Navistar Financial relaunches retail capabilities
As part of Traton Financial Services, Navistar Financial will leverage global synergies and multi-brand experience to service customers in the United States.
Profit vs. revenue in heavy-duty shop operations
Both revenue and profit contribute to a shop’s overall outcome, but there is still a difference.
Mitsubishi Capital, Autocar and Chargepoint partner to provide bundled EV fleet financing
The “Power Up” program is a vehicle financing solution that is designed to help customers grow their electric fleets.
Daimler Truck Financial Services rolls out in France
Daimler Truck Financial Services has expanded its global operations, now conducting business in 16 markets worldwide.
Freight factoring dos and don’ts
Factoring provides carriers with the financial means necessary to operate their company at a discounted rate for immediate access to cash.
