Welcome!

Mobile IoT Authors: Shelly Palmer, Elizabeth White, Liz McMillan, Janakiram MSV, Pat Romanski

News Feed Item

Daimler Truck Financial Celebrates 40 Years in the U.S. Trucking Industry

Reflecting on four decades of growth and change, company success is a credit to its partners - dealers, customers, Daimler Trucks North America and dedicated employees

FARMINGTON HILLS, Mich., Feb. 14, 2014 /PRNewswire/ -- Daimler Truck Financial announced today that 2014 marks a company milestone, 40 years in the U.S. trucking industry. Since its inception, Daimler Truck Financial has grown its portfolio to more than 8.7 billion dollars with a customer base of more than 500 dealers and more than 24,000 customers. The announcement and official celebration took place in Orlando, Florida at the opening ceremony of the company's biannual "Truck and Bus Series" meeting with the Freightliner, Western Star and Thomas Built Bus dealers and Daimler Trucks North America executives.

"Our story is 40 years in the making and we did not come this far alone," said Juergen Rochert, Vice President and head of Daimler Truck Financial. "Our success is a credit to our partners - the dealers, customers and sales colleagues with whom we have worked side by side and grown the business together."

Freightliner Financial opened its doors in 1974 with few employees and a handful of contracts. Since that time, the company has grown to more than 200 employees located across the country, with offices in Farmington Hills, Michigan, Fort Mill, South Carolina and Fort Worth, Texas.

The global economic climate has changed many times since the company started doing business to support the sale of Freightliner Trucks. The business started against the backdrop of the world's first oil shock in 1974. That led to the first energy crisis and gasoline shortages, culminating in the Emergency Highway Energy Conservation Act passed in 1974, limiting highway speeds to 55 miles per hour.

Through the years, Daimler Truck Financial has grown its financial portfolio as the company's product offerings expanded.  As a captive finance provider, the company has grown by aligning strategies with its dealers, customers and brand partners, while also continuously improving processes, based on the feedback garnered in the field. Today, the company offers financing and insurance products for the Freightliner, Western Star, Thomas Built and Sprinter brands. Daimler Trucks North America is a market leader for Class 6-8 trucks in the United States. 

"Freightliner Trucks has customers who are purchasing Freightliner equipment, not only because of our innovative product lines, but because Daimler Truck Financial is their trusted partner that stood by them during difficult times and helped their business grow," stated Brian Cota, Vice President of Sales for Freightliner Trucks.

Recognized as a valuable partner by the dealer network and fleet customers, Daimler Truck Financial is consistently a top-ranked financial services provider in third-party surveys. The company is known for executing on its value proposition by providing competitive financial solutions and top services to its dealers and customers.

"We share a common goal with Daimler Truck Financial - selling and financing the most innovative and reliable vehicles in the industry," said Brad Fauvre, President and CEO of Velocity Vehicle Group and Chairman of the Freightliner Dealer Council. "Congratulations to the entire team for 40 successful years, and thank you for being our partner through the ups and downs that our industry has seen."

"Our mission remains the same today as it did when we started 40 years ago - to support Daimler Trucks North America's sales and dealer network, and to be the first-choice provider of financial products and services for dealers and customers across all segments," Rochert said.

A key advantage of the company is the employees who run the business every day. The commercial trucking industry is a business of relationships, of listening to and understanding what customers need from a financial services provider. Employees with tenures of more than 35 years and less than three months are equally engaged and passionate about the unique nuances that the trucking business offers them. While the employee base has grown over the years, the traditions and core understanding of the business are still critical to the company's success.

Looking ahead, Daimler Truck Financial continues to streamline its processes and is investing in new digital technologies, including mobile services, in order to meet the changing needs of how customers and dealers do business in the 21st century.  

About Daimler Truck Financial
Daimler Truck Financial, a business unit of Mercedes-Benz Financial Services USA LLC, provides wholesale financing, leasing and credit lines to Freightliner, Western Star, Thomas Built Bus, Sprinter and Mitsubishi Fuso dealers.  Daimler Truck Financial offers a broad range of flexible financing plans for fleet customers, owner/operators, municipal and vocational customers, as well as an extensive selection of dealer financial services that fully support Daimler Trucks North America's commercial vehicle brands throughout North America.  For more information, log onto www.daimler-truckfinancial.com.

SOURCE Daimler Truck Financial

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
Elon Musk is among the notable industry figures who worries about the power of AI to destroy rather than help society. Mark Zuckerberg, on the other hand, embraces all that is going on. AI is most powerful when deployed across the vast networks being built for Internets of Things in the manufacturing, transportation and logistics, retail, healthcare, government and other sectors. Is AI transforming IoT for the good or the bad? Do we need to worry about its potential destructive power? Or will we...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
SYS-CON Events announced today that Suzuki Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Suzuki Inc. is a semiconductor-related business, including sales of consuming parts, parts repair, and maintenance for semiconductor manufacturing machines, etc. It is also a health care business providing experimental research for...
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.