Welcome!

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.

Latest Stories
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...