Industry Research

Fleet Financing Resources Reports Q3 Earnings

Posted on November 14, 2011

RIVERSIDE, Calif. – Fleet Financing Resources, a boutique-style lender serviing the commercial vehicle industry, reports third quarter year-to-date sales revenues are up 12% compared to 2010, with net income up 9%.

The increase is largely attributed to customers needing to update their aging fleets as traditional recycling times have been stretched out due to economic uncertainty. Recent enhancements to FFR’s vendor program facility with All Points Capital/Capital One Bank, established in 2005 with $30 million funded, help secure FFR’s position as a top lender in the equipment financing marketplace.

Dave Reynolds, president and CEO of Fleet Financing Resources said in a press release, “We are extremely pleased with our third quarter results; our asset portfolio remains strong and historically low rates reflect favorable growth.” Fleet Financing Resources continues to offer a broad funding menu of products and services tailored to each client’s specific needs.

SOURCE: Fleet Financing Resources

View comments or post a comment on this story. (0 Comments)

More News

5 Ways To Sell Into The Luxury Travel Market

It’s not your father’s high-end market any more. These lessons apply to chauffeured transportation as well.

Trump Travel Ban Could Deter Business-Related Trips

Tech firms and multinational corporations have lashed out at the move, and some recalled employees traveling overseas.

Half Of Companies Allow TNC Use For Business Travel

A GBTA survey finds an increasing number of traveling employees using companies like Uber and Lyft.

Study Shows Jobs Rose In Taxi Industry Despite Uber

The authors believe this is the first serious look at the effects of the gig economy platforms such as Uber on jobs.

What Trump Means For Fleet-Based Businesses

Fleet expert: "If Trump eventually rolls back regulations in the automotive sector, he would likely stimulate growth."

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - March 2017 $12.95 INT'L LCT SHOW ISSUE COVER STORY: * Innovate or Die: Show To Be a Business "Disrupter" * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close