Welcome!

Mobile IoT Authors: Scott Allen, Pat Romanski, Philippe Abdoulaye, Dana Gardner, Liz McMillan

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
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profession...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...