Getting in gear: Trucking industry looks to gain traction

Repossession activity picking up

Repossession agencies have been adding staff in response to rising delinquencies and repossessions, Jason Spates, chief executive of Truck Lenders USA, told EFN.

“Repo companies’ feedback to me is that they’ve quadrupled their staff and quadrupled their repo agent relationships, and they’re busy as all get out,” Spates said.