The former CEO of USA Dry Van Logistics and two other former employees were handed prison sentences by a Texas federal court for conspiring to defraud GE Capital.
Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
GE Capital has released a national survey of middle-market trucking company executives examining the financial performance, operational issues and economic outlook of trucking businesses.
GE Capital Canada has signed a commercial agreement with Shell Canada Products to facilitate the Canadian trucking industry’s adoption of liquefied natural gas (LNG), the fleet management company announced.
General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
Driver shortages, driver turnover and regulations could all affect the potential growth of the trucking industry in 2015, according to analysis from GE Capital.
GE Capital's Transportation Finance business and Clean Energy Fuels Corp. have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
The U.S. Attorney’s Office for the Southern District of Texas has announced two convictions resulting from a plan to defraud a lender out of millions of dollars.
Former trucking company executives Sergio Lagos, Aurelio “Jim” Aleman, and Oscar Barbosa were arrested following the return of a six-count federal indictment charging wire fraud and conspiracy to commit wire fraud.
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