
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.
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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 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…