Fleet Financing Resources (FFR) reported results for first nine months of 2016. New and used titled transportation equipment funded volume was $50 million, up 32% for the reporting period. Net income was up 20% compared to same period prior year.

Dave Reynolds, president and CEO, commented on the 2016 financial results, “Strong customer loyalty and good expense discipline continues to drive positive growth. The subdued net income increase is primarily attributable to the adverse impact of keen market competition and rate compression. Additionally, reserves for losses were increased 7.5% in response to management concerns of broader industry delinquency trends, even though FFR portfolio performance exceeds expectations.

FFR offers financing and leasing for all new and used titled transportation equipment, specializing in buses of all sizes.