Ruan Leasing, a division of Iowa-based Ruan Transportation Management Systems, said it will eliminate 100 jobs next month.

Ruan officials said much of the company's business comes from selling used trucks after the lease expires, and the value of used trucks fell by as much as 50% in the last three years.
The leasing division, which generates about 25% of the Des Moines company's revenue, has lost money in recent years, a spokesman said.
Ruan Leasing has more than 10,000 trucks under lease.
0 Comments