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Business, Equipment

Equipment Finance Leaders Report Improved Confidence

document signing skynesher/Getty Images

Confidence in the equipment finance market rose in August, according to the Equipment Leasing & Finance Foundation.

Connor D. Wolf | Staff Reporter
August 20, 2020
Business, Equipment, Top 100

Day & Ross Continues Growth Plan by Expanding Into Ohio

Day & Ross Day & Ross

Day & Ross detailed the potential next steps of its multiyear expansion plan amid the completion of a new facility Aug. 19.

Connor D. Wolf | Staff Reporter
August 20, 2020
Business, Equipment

July Trailer Orders Keep Rising From COVID Bottom

Wabash trailers Trailers on an assembly line at a Wabash manufacturing plant. (Wabash National Corp.)

U.S. trailer orders climbed again in July, reaching 19,300, the most this year, FTR reported.

Roger Gilroy | Senior Reporter
August 18, 2020
Business, Technology, Equipment, Fuel

Xos Trucks Secures $20 Million in New Funding Round

Dakota Semler and Giordano Sordoni Xos Trucks co-founder and CEO Dakota Semler (left) and co-founder and chief operating officer Giordano Sordoni. (Xos Trucks Inc.)

Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.

Jerry Hirsch | Contributing Writer
August 18, 2020
Business, Equipment, Logistics

Jennifer Polli to Step Down as Trac Intermodal CEO

Trac Intermodal chassis A Trac Intermodal chassis. Jennifer Polli led the company through its sale to Stonepeak Infrastructure Partners and the coronavirus pandemic. (Trac Intermodal)

Trac Intermodal on Aug. 17 announced that President and CEO Jennifer Polli is leaving the company and will be succeeded by Daniel Walsh, formerly of XPO Logistics.

Dan Ronan | Associate News Editor
August 17, 2020
Business, Equipment, Fuel, Logistics, Top 50, Top 100

Black Horse Carriers Joins Penske’s Electric Vehicle Program

Penske electric vehicle Penske Truck Leasing

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

August 17, 2020
Business, Technology, Equipment, Fuel

Navistar Locates NEXT eMobility Unit in Michigan

Navistar NEXT building The new Navistar NEXT eMobility business unit facility in Rochester Hills, Mich. (Navistar)

Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.

August 14, 2020
Business, Equipment

Jacobs to Supply Engine Brake to Hino in China

Jacobs Vehicle Systems Jacobs Vehicle Systems

Jacobs Vehicle Systems announced it will supply its compression release engine brake in China to Hino Motors Co. for its new 10.5-liter U11C diesel engine.

August 14, 2020
Business, Equipment

Stoughton Marks Trailer Milestone With UPS

Stoughton-UPS celebration Stoughton celebrates its 50,000th UPS trailer. (Stoughton Trailers)

Stoughton Trailers announced it has built its 50,000th dry van trailer for UPS Inc.

August 14, 2020
Business, Equipment, Fuel

Portion of Anheuser-Busch Fleet to Use Renewable Natural Gas

Budweiser truck A Budweiser truck in Columbus, Ohio. (Kiichiro Sato/Associated Press)

Anheuser-Busch is transitioning more than 180 Class 8 trucks, representing 30% of its dedicated fleet, to renewable natural gas.

August 14, 2020

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