Truck freight volumes and spending continued to drop in the second quarter, but at a slower pace than recent quarters, according to the latest U.S. Bank Freight Payment Index. Shipments increased in three regions – the West, Northeast and Southeast –...
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August 05, 2024, 07:33 AM
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The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Bank Freight Payment Index. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7 percent...
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February 02, 2024, 07:05 AM
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Garrington Capital provided an $8.3MM senior secured term loan to a third-generation, family-owned short/long-haul regional trucking company.The borrower serves customers in the southeast and mid-west with a fleet of 120 trucks and 300 trailers...
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January 24, 2024, 07:50 AM
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According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price fell 6 percent month/month to $59,300 in November, marking the first month of a sub-$60,000 price since April 2021...
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December 28, 2023, 07:00 AM
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Nations Capital (NCI), a Gordon Brothers company, together with Ritchie Bros. Auctioneers received bankruptcy court approval to be the agent and liquidator of Yellow Corporation's transportation assets.The companies will utilize the expansive...
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November 03, 2023, 07:39 AM
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Following on the heels of rising economic expectations, ACT Research’s forecasts for Classes 5-7, Class 8 and trailer output in 2023 and 2024 move higher again this month, as published in the latest release of the North American Commercial Vehicle...
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August 14, 2023, 06:00 AM
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Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for the Company’s planned...
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August 07, 2023, 08:07 AM
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LSQ created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company.The company will use the additional capital to support growth and new customer acquisition.In addition...
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May 13, 2022, 07:28 AM
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Amerisource Business Capital closed and funded a $3,000,000 senior credit facility for a North Carolina-based industrial construction and trucking firm. The proceeds were to support the company’s ongoing growth. Kelly Collins, Market Manager for...
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September 10, 2021, 07:50 AM
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Hilco Global has issued a timely report on the current state of the intermodal chassis market one year after freight traffic reached its lowest level of the ongoing pandemic. The report is accompanied by an industry primer developed to assist...
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July 13, 2021, 07:35 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $17 million senior secured credit facility to a manufacturer of heavy-duty chassis for specialized vehicles. The financing, which is comprised of a revolving line of credit and two...
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January 10, 2019, 07:06 AM
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Encina Business Credit and Encina Equipment Finance jointly announced that they have provided a $35 million senior secured credit facility to amedium- and long-haul trucking company. The financing, which is comprised of a revolving line of credit, a...
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October 18, 2018, 07:03 AM
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Siena Lending Group LLC announced the completion of a $10 million revolving credit facility for Standardized Sanitation Systems, Inc. (SSS). The facility is being used to refinance the company's existing debt, fund future acquisitions and support the...
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June 19, 2018, 07:00 AM
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ASV Holdings, Inc., a provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, announced that on December 27, 2017, it replaced its former credit agreement with a new $50 million...
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January 03, 2018, 07:00 AM
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People’s Bank of Commerce and Capital Associates, Inc., doing business as Steelhead Finance (Steelhead), jointly announced the acquisition of Steelhead by People’s Bank in a cash and stock transaction.People’s Bank is a locally owned and managed bank...
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August 28, 2017, 08:00 AM
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Trucking firm Celadon has reached an agreement in principle with Bank of America, the agent under its current credit facility, for a new $225 million senior secured revolving credit facility. The Proposed ABL Facility will be used to refinance the...
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May 02, 2017, 07:18 AM
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InterNex Capital, an asset based digital lender, announced that Horizon Express, Inc. and Horizon Logistics, Inc. have chosen InterNex Capital for a revolving credit facility. The facility is being used to refinance existing debt and provide the...
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April 12, 2017, 07:09 AM
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