‘Too little, too late’

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-13 • Permanent link

Mitsubishi HC Capital's Kirk Mann has revealed that banks' exits have reduced credit for mid-size fleets, leaving carriers struggling to rebuild after the freight recession. The result is a significant decline in truck financing availability, with some lenders offering loans of less than $50,000, down from $100,000 or more in the past. This drastic shift has sent shockwaves through the financial markets, with many investors expressing concern about the potential impact on the broader economy.

As the trucking industry continues to grapple with the aftermath of the freight recession, the reduced financing options are putting pressure on carriers to find alternative funding sources. This could lead to increased costs for consumers, who may see higher prices at the pump as carriers pass on the costs of reduced financing options. The impact on investors is also significant, with some analysts warning of a potential decline in stock prices for companies that rely heavily on truck financing.

Since last quarter, the number of banks exiting the truck financing market has increased by 25%, according to data from Mitsubishi HC Capital. This trend is likely to continue, with some analysts predicting that the number of banks offering truck financing could decline by as much as 40% in the coming months. The impact of this trend is being felt across the industry, with many carriers struggling to find alternative funding sources.

What drove this shift in the truck financing market is a complex issue, but one thing is clear: the reduced availability of credit is having a significant impact on the industry. As the economy continues to recover from the pandemic, the reduced financing options are likely to have a ripple effect, impacting not just the trucking industry but also the broader economy.