02/9/2021
Crossroads Equipment Lease & Finance Closes $163MM Equipment Securitization
Crossroads Equipment Lease and Finance, LLC recently priced its US$163MM ABS debut backed by commercial truck loans to solid demand, reducing its cost of borrowing and enabling expanded funding options. Crossroads closed the equipment securitization on February 3, 2021 through Crossroads Asset Trust 2021-A.
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10/20/2020
Crossroads Equipment Lease & Finance Introduces Insurance Offering with Cover Whale
Crossroads Equipment Lease and Finance is excited to announce the addition of commercial trucking insurance to its offering. Crossroads will offer its customers an array of coverage options including: Commercial Auto Liability, Commercial Physical Damage, Cargo, and Non-Trucking Liability.
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10/12/2020
Crossroads Equipment Lease & Finance Welcomes new CFO Michael Jones
Crossroads Equipment Lease and Finance is pleased to announce and welcome Michael Jones as its new Chief Financial Officer.
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04/27/2020
Crossroads Selects ASPIRE to be Next Gen Platform
LTi Technology Solutions partnered with Crossroads Equipment Lease and Finance to implement the ASPIRE platform to support its business. Crossroads is improving commercial truck finance by leveraging technology to create a frictionless customer experience. By utilizing ASPIRE in the LTiCloud, Crossroads will benefit from a solution that can scale with the expected growth of their business.
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01/13/2020
Velocity Truck Centers Acquires Central California Truck and Trailer Sales
Velocity Truck Centers (VTC), the leading group of commercial vehicle dealerships in the Southwest, is pleased to announce that the company has acquired Central California Truck and Trailer Sales, Inc. (CCTTS), the leading independent used-truck and new/used trailer retailer in California. Warren Auwae, CCTTS’s founder, has joined VTC and will be responsible for the combined trailer and used truck operations of CCTTS and VTC.
01/8/2020
Thousands of Commercial Trucks Likely to be Denied Registration in 2020 by California DMV
According to the California Air Resources Board (CARB), there are more than 400,000 Heavy Duty diesel vehicles based in California who obtain registration from the California DMV.
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11/15/2019
CARB To Host Webinar on Truck and Bus Rule Standards
Over the past several years, the California Air Resources Board has implemented several comprehensive regulations to control emissions from heavy duty, diesel engines operating in California.
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10/25/2019
CARB Approves $48M Allocation for CalCAP On-Road Loan Program
On Thursday, the California Air Resources Board (CARB) adopted the 2019-2020 Fiscal Year Funding Plan for Clean Transportation Incentives. The Funding Plan serves as the blueprint for expending the Clean Transportation Incentives funds appropriated to CARB in the State budget.
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10/1/2019
Los Angeles/Long Beach Trucking Company Replaces Existing Diesel Fleet with Near-Zero Emissions Heavy Duty Trucks
Total Transportation Systems, Inc. rolls 40 new near-zero emission trucks into port service with financing through Crossroads
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09/17/2019
Crossroads Launches Outreach Campaign Ahead of California ARB Registration Ban
More than 100,000 trucks stand to lose registration in 2020
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