Click here to close now.

Welcome!

Wireless Authors: Kyle Samani, Liz McMillan, Lori MacVittie, Pat Romanski, Roger Strukhoff

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
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today that Litmus Automation will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable cloud platform.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, will discuss how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust I...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.