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News Stories (29 Results) - Trucking

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the future growth of Epika Fleet Services (“Epika”), an existing portfolio company of Trivest... Read Story

April 25, 2024, 07:14 AM

Since inception 10 years ago, this successful Minority- Woman-Owned Business (MWOB) has focused on providing solutions such as port drayage, rail drayage, and warehousing services. Experiencing continuous growth, they now service all major ports and... Read Story

April 04, 2024, 07:00 AM

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... Read Story

February 02, 2024, 07:05 AM

Iron Horse Credit (“IHC”) closed a $2,00,000 RLOC to a truck, trailer, and hitch distributor.The company came to Iron Horse looking for first-time financing when the son was looking to buy out his father for retirement and bring suppliers current... Read Story

January 31, 2024, 07:05 AM

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... Read Story

December 28, 2023, 07:00 AM

Utica Equipment Finance extended a capital lease of $3,500,000 to facilitate the purchase of a trucking firm located in Virginia, specializing in regional bulk materials transportation. The customer successfully executed this deal by capitalizing on... Read Story

November 10, 2023, 07:07 AM

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... Read Story

August 14, 2023, 06:00 AM

Tornado Global Hydrovacs amended the Company’s credit facility with The Toronto-Dominion Bank to increase the revolving operating line of credit from $3 million to $6 million.“The increase in the Operating Line provides us with the financial... Read Story

November 14, 2022, 07:09 AM

Encina Equipment Finance provided a $15 million lease line to a leading North American supply chain services company to finance new tractors and trailers.EEF was represented by Reed Smith LLP.Launched in June 2017, Encina Equipment Finance provides... Read Story

October 24, 2022, 07:09 AM

Horizon Technology Finance provided $30 million to Kodiak Robotics, Inc. ("Kodiak") in the form of a growth capital credit facility.Kodiak is a leading developer of self-driving long-haul trucks designed to make the freight industry safer and more... Read Story

October 12, 2022, 07:55 AM

Wintrust Receivables Finance closed a new $4,000,000 account receivable line of credit for a Midwest-based transportation broker. The company was founded in mid-2020 by multiple veterans of the domestic freight industry and focuses on Full Truckload... Read Story

May 24, 2022, 07:37 AM

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... Read Story

May 13, 2022, 07:28 AM

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... Read Story

September 10, 2021, 07:50 AM

TAB Bank announced it has provided a $2.5 million asset-based revolving credit facility for manufacturing trucking based in Florida.  The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs... Read Story

September 22, 2020, 09:09 AM

Roadrunner Transportation Systems, Inc. announced the recent closings of three transactions completing Roadrunner's divestiture of all truckload segment businesses. This includes the sale of Rich Logistics and Integrated Services, Inc. ("ISI") to an... Read Story

August 17, 2020, 09:00 AM

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a long-haul trucking company based in Ohio. Proceeds of the facility are being used to finance an acquisition.Andy Allaire, Regional Market Manager for... Read Story

September 25, 2019, 08:00 AM

MidCap Financial announced it has provided a $60 million senior revolving credit facility to Celadon Group, Inc., a North American transportation company that provides full-truckload freight services across the United States, Canada, and Mexico.The... Read Story

August 08, 2019, 08:50 AM

Celadon Group, Inc. (CGIP) announced that it has refinanced its former revolving credit facility and obtained $165 million in new financing.According to a regulatory filing, Bank of America served as Administrative Agent to the new financing which... Read Story

August 02, 2019, 08:55 AM

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... Read Story

October 18, 2018, 07:03 AM

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... Read Story

June 19, 2018, 07:00 AM

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... Read Story

January 03, 2018, 07:00 AM

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... Read Story

May 02, 2017, 07:18 AM

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... Read Story

April 12, 2017, 07:09 AM

The Middle Market Growth Program (MMGP), a joint venture between Antares and LStar Capital, announced it has closed a senior secured unitranche credit facility to support the acquisition of Evans Network of Companies (Evans) by Calera Capital... Read Story

February 23, 2017, 07:21 AM

MidCap Business Credit completed a $3.5 million asset-based line of credit to Unified Logistics Holdings, LLC.   Headquartered in Bethesda, MD, Unified provides specialty hauling and trucking services in the Eastern portion of the United States... Read Story

November 17, 2016, 07:13 AM

Navistar International Corporation announced that it has completed refinancing the $697.5 million senior secured term loan facility of Navistar, Inc., which was due to mature in August 2017, with a new $1.040 billion senior secured term loan that... Read Story

August 10, 2015, 08:00 AM

TAB Bank announced the funding of two trucking companies in the Western United States.  The first transaction was closed with a trucking company in Idaho.  TAB has provided them with a $1 million line of credit based on accounts receivable.  In... Read Story

April 03, 2015, 07:06 AM

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced that they have provided a $15 million second lien equipment term loan to Dana Transport, Inc.  Dana Transport, Inc. is an industry leading chemical and fuel... Read Story

May 23, 2013, 07:36 AM

Celadon Group announced that it has increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital... Read Story

May 15, 2013, 07:34 AM