Fleet Financing reported strong growth in first quarter volume. For the period ending March 31, 2014, as compared to the prior year, funded volume was up 43% at $11 million; net income was up 43%.

FFR president and CEO Dave Reynolds commented, “We are pleasantly surprised as first quarter is typically subdued after the year-end customer rush to capture tax benefits. Volume success can be attributed to the continued attractive interest rate environment along with the need to replace equipment that was retained beyond traditional recycling.”

FFR, a national lender, manages a current portfolio receivable of $120 million in titled transportation equipment including motor coaches, buses of all sizes, school transportation, vocational trucks and all livery related vehicles.