Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains
Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.
Finally! A Fixed-Cost Lease Solution for your Fleet
Whether adding or replacing trucks in your fleet, finding the most cost-effective solution is critical to the profitability and success of your business. Variable costs like fuel, tires, and maintenance represent a staggering amount of the expenses in a transportation business.
June 21, 2024Federal Truck Leasing Task Force Seeking Help From Truckers
Federal trucking regulators have requested truckers, especially owner-operators, to assist the agency’s truck leasing task force by providing information on leasing agreements that they believe are unfair.
Watchdog Group Cites Widespread ‘Predatory’ Lease Agreements
A study by a U.S. government financial consumer group has concluded that there is widespread risk for truckers being rushed into signing so-called predatory lease-purchase agreements.
Leasing Offers Pathway for Fleets Interested in EVs
Fleets that want to test the waters with electric vehicles or other technology don’t have to do it themselves or even use their own trucks. Leasing companies are providing that opportunity.
ELFA Reports $9.5 Billion in New Business in May
A survey of companies in the equipment finance sector saw overall new business volume hit $9.5 billion in May, according to the Equipment Leasing and Finance Association.
Here’s Why Leasing an EV Is About to Become More Popular
WASHINGTON — Electric vehicle leases are likely to surge beginning April 18, experts say, as new federal restrictions on EV tax credits come into effect.
Repowr Closes $4.2 Million Seed Round
Repowr, a collaborative logistics marketplace and digital-leasing platform, announced it closed a $4.2 million seed round.
March 21, 2022Task Force to Examine Lease-Purchase Agreements
A provision tucked in the bipartisan infrastructure funding law calls for the formation of a truck leasing task force to examine the fairness of lease and lease-purchase agreements.
Trailer Optimization in a Reopening Economy
Program Aired: June 17, 2021. As our economy reopens, trailer orders are at unusually high volumes. When freight demand outpaces your operations, it’s difficult to meet deadlines and keep customers happy. Hear directly from a leading carrier and trailer leasing company about how they are staying prepared to maximize trailer utilization and maintain a high level of customer service.
June 17, 2021