TFS Financial and WEX have launched a new equipment financing program for North American trucking fleets. The program, called Equipment Financing Powered by TFS, gives WEX Over-the-Road customers access to TFS' multi-lender platform, which uses a proprietary Match Engine Technology with over 70 lending partners to connect carriers with financing based on credit profile, asset type, and loan terms. The launch comes as many fleets that delayed purchases during the prolonged freight recession are returning to the market, with TFS President Aaron Case noting that fleet confidence has skyrocketed in the last eight weeks. The financing can cover Class 8 tractors, trailers, light-duty trucks, and mixed fleets for companies of all sizes, from owner-operators to large carriers.
TFS Financial CorporationTFS Financial launches equipment financing program with WEX, benefiting from returning trucking fleet demand as freight recession ends.
Wex IncWEX partners with TFS Financial to offer equipment financing to its Over-the-Road customers, capitalizing on rising fleet confidence and purchase demand.