Owner-operator truck leasing company Union Equity said it generated $135,599 in revenue in the three months ending June 30, 2011 as compared to $63,799 in revenue for three months ending March 31, 2011. The increase in revenue is due to the company’s increase in Class 8 semi-trucks, which generated additional lease revenues and management fees.

The company said its total net assets of $425,990 for three months ending June 30, 2011 increased 134% from the previous quarter. The increase in assets is due to Union Equity’s increase in its class 8 semi truck inventory.

Union Equity notes it is currently in negotiations with several wholesalers of both new and used Class 8 trucks. The company is also in negotiations with several funding sources with a goal of increasing cash flow.

Union Equity is a commercial truck leasing business engaged in leasing class 8 commercial trucks to owner operators located around the contiguous 48 states since 1999.