Fleet Financing Resources (FFR) reported strong growth in Q1 volume. For the period ending March 31, 2015, compared to Q1/14, funded volume was up 22% at $12.5 million. Additionally, interest income increased by 10% while net income went up 17%.

FFR’s president and CEO Dave Reynolds, said, “We are very happy with our first quarter results as it is always our lightest volume quarter. Return on volume has decreased to 6.8% from 7.5% the prior year, putting us in the same rate compression boat as the majority of the industry.”

FFR manages a current portfolio receivable of $130 million in titled transportation equipment including motor coaches, buses of all sizes, school transportation, vocational trucks and all livery-related vehicles.