Truck financing rates hit 12% as banks exit mid-size fleet market
Three-and-a-half-year freight recession shredded carrier credit profiles while lenders left the sector. Fleets of 50 to 200 units now face a capital squeeze.
#Equipment Financing
5 posts tagged with this topic.
85% of New Carriers Failed in Three-Year Downturn
Equipment bought at $110,000 in 2021 is worth $45,000 today. The longest freight downturn in recent memory wiped out most carriers who started during the…
Daimler Truck Finance sees freight recovery after four-year downturn
Tobias Waldeck and Kevin Bangston say capacity is stabilizing, EPA rules are driving fleet investment, and AI data centers are creating new freight lanes.
TFS and WEX launch equipment financing for carriers after 3-year freeze
Multi-lender platform matches WEX fuel-card customers with truck and trailer loans. Fleets delayed replacement cycles from 3-4 years to 6-plus during the…
Bipartisan Senate Bill Targets Repeal of 12% Federal Excise Tax on Trucks
World War I-era levy adds thousands to the cost of new Class 8 tractors and trailers. Senators filed legislation to eliminate the tax in June 2026.