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TEN Announces $50 Million Enterprise Lease Agreement with USA Truck to Support Continued Growth and Expansion

News

TEN Announces $50 Million Enterprise Lease Agreement with USA Truck to Support Continued Growth and Expansion
News

News

TEN Announces $50 Million Enterprise Lease Agreement with USA Truck to Support Continued Growth and Expansion

2026-01-14 20:31 Last Updated At:20:50

DUBLIN, Ohio--(BUSINESS WIRE)--Jan 14, 2026--

TEN (Transportation Equipment Network), a leading provider of trailer leasing, rentals, and fleet solutions across North America, today announced the successful closing of a large enterprise lease agreement with USA Truck. The agreement supports USA Truck’s near-term operational needs while creating a scalable foundation for long-term growth as the company continues to expand its network.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260114396396/en/

The transaction represents a significant capital commitment by TEN, with approximately $50 million deployed into a dedicated fleet of 53’ dry van trailers placed on long-term lease to USA Truck. This investment underscores TEN’s ability to deploy capital at scale while delivering tailored fleet solutions aligned with customer strategy.

USA Truck selected TEN as a strategic partner based on its deep industry expertise, proven ability to move quickly, and collaborative approach to fleet solutions. With time being a critical factor, USA Truck needed a partner that not only understood the transportation landscape, but also understood its business and could execute with speed and precision.

“When time is of the essence, having a partner who truly understands your business makes all the difference,” said George Henry, Chief Executive Officer at USA Truck. “TEN’s team moved quickly, listened to our needs, and worked closely with us to design a structure that supports where we are today and where we are headed tomorrow.”

Building on an existing relationship and mutual trust, TEN worked side by side with USA Truck to develop a creative lease structure aligned to both immediate operational requirements and longer-term strategic objectives. The solution addressed unique fleet needs while providing flexibility to adapt as USA Truck continues to grow.

“This agreement reflects exactly what TEN is built to do, allowing us to put our strong balance sheet, agility, and scale to use to assist our customers achieve their fleet and capital goals,” said Hooman Yazhari, Chief Executive Officer at TEN. “We do not approach our customers as transactional vendors. We work as strategic partners, collaborating to solve real challenges and align fleet solutions to both short-term execution and long-term business goals. This is a win for USA Truck and a win for TEN.”

The enterprise lease agreement further reinforces TEN’s commitment to delivering tailored, high-touch solutions for leading transportation providers across North America. By combining industry knowledge, speed of execution, and flexible fleet strategies, TEN continues to help customers navigate complexity and position their businesses for sustainable growth.

About TEN (Transportation Equipment Network)

Headquartered in Dublin, OH, TEN (Transportation Equipment Network) is the largest full-service trailer lessor in North America. With approximately 83,000 trailers, 1,000 employees, 249 service shop bays, 130 mobile service trucks, 300 mechanics, 100 road technicians, and nearly 50 locations across the United States and Canada, TEN is equipped to seamlessly serve customers across North America. TEN provides full-service leasing as well as maintenance, advanced technological solutions, consultation services, and other innovative offerings across numerous industry verticals. To learn more, visit https://tenleasing.com.

About USA Truck

Founded in 1983, USA Truck is a leading provider of transportation and logistics solutions. The company is committed to delivering safe, efficient, and customer-focused services across North America. With 1,800 trucks, 6,000 trailers, and an expansive Logistics offering, USA Truck is a significant asset-based transportation provider, delivering high-quality supply chain services throughout the North American market to customers ranging from Fortune 100 companies to regional family businesses.

TEN and USA Truck expand their strategic partnership through a $50 million enterprise lease agreement, delivering a scalable fleet solution aligned with USA Truck’s near-term operational needs and long-term growth strategy.

TEN and USA Truck expand their strategic partnership through a $50 million enterprise lease agreement, delivering a scalable fleet solution aligned with USA Truck’s near-term operational needs and long-term growth strategy.

MINNEAPOLIS (AP) — The Liberian man arrested over the weekend after heavily armed immigration agents used a battering ram to break through the front door of his Minneapolis home had been checking in regularly with federal authorities for years, his attorney said Tuesday.

The arrest of Garrison Gibson, 37 during a Minnesota immigration crackdown that the Department of Homeland Security has called its largest enforcement operation ever, was a “blatant constitutional violation,” since the agents did not have a proper warrant, said attorney Marc Prokosch.

The arrest Sunday came in a city increasingly on edge after an immigration agent shot and killed 37-year-old Renee Good last week, setting off waves of angry protests and clashes between authorities and activists.

“This was an illegal search, absolutely,” said Prokosch, because agents had brought only an administrative warrant, which authorizes someone’s arrest but does not allow officers to forcibly enter private homes. Forced entry requires a criminal warrant signed by a judge.

Gibson, who fled the Liberian civil war as a child, had been ordered removed from the U.S., apparently because of a 2008 drug conviction that was later dismissed by the courts. But he had remained in the country legally under what’s known as an order of supervision, with the requirement that he meet regularly with immigration authorities.

Only days before his arrest, Gibson had checked in with immigration authorities at regional immigration offices — the same building where agents have been staging enforcement raids in recent weeks.

“He would have had another check-in in a couple of months,” Prokosch said. “So if he’s this dangerous person, then, why are they letting him walk around?

Tricia McLaughlin, a spokeswoman for the Homeland Security Department, said earlier this week that Gibson has “a lengthy rap sheet (that) includes robbery, drug possession with intent to sell, possession of a deadly weapon, malicious destruction and theft.” She did not indicate if those were arrests, charges or convictions.

McLaughlin did not respond to questions about whether the agents’ use of force was justified.

But court records indicate Gibson’s legal history — dominated by a few traffic violations, minor drug arrests and an arrest for riding public transportation without paying the fare — shows only one felony, the 2008 conviction for third-degree narcotics sales that was later dismissed.

Prokosch said Gibson had been flown to Texas by immigration authorities in the hours after his arrest, then quickly flown back to Minnesota on a judge's order after the lawyer filed a habeas corpus petition, used by courts to determine if an imprisonment is legal. The courts have not yet ruled on the petition.

Gibson is currently being held at an immigration detention center in Albert Lea, Minnesota, after being held at a large camp on the Fort Bliss Army base in El Paso, Texas. according to ICE’s detainee locator.

The Department of Homeland Security did not respond to an email from The Associated Press with follow-up questions about Gibson's case.

Gibson’s wife, Teyana Gibson Brown, a nurse who was inside the home with the couple's 9-year-old child during the raid, was deeply shaken by the arrest, Prokosch said.

During their conversations, she “was having a hard time just completing sentences because she’s just been so distraught,” he said.

Activists who had been keeping watch on the immigration agents before Gibson's arrest banged on drums, blew whistles and honked car horns in attempts to disrupt the operation and warn neighbors, some of whom poured into the streets.

Video taken at the scene by the AP shows agents pushing and pepper-spraying demonstrators.

The Twin Cities — the latest target in President Donald Trump’s immigration enforcement campaign — has been convulsed by the killing of Good, who was shot Jan. 7 during a confrontation with agents.

The Trump administration has defended the officer who shot Good in her car, saying he was protecting himself and fellow agents and that Good had “weaponized” her vehicle.

City and state officials have dismissed those explanations based on videos of the confrontation.

State and local authorities are urging the public to share video and any other evidence as they seek to investigate Good’s death after federal authorities insisted they would work on their own and not share information.

More than 2,000 immigration arrests have been made in Minnesota since the enforcement operation began at the beginning of December, according to the Department of Homeland Security.

Homeland Security Secretary Kristi Noem told Fox News over the weekend that the administration would send additional federal agents to the state to protect immigration officers and continue enforcement.

AP correspondent Elliot Spagat contributed to this report from San Diego.

A family member, center, reacts after federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A family member, center, reacts after federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A woman gets into an altercation with a federal immigration officer as officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A woman gets into an altercation with a federal immigration officer as officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

Bystanders are treated after being pepper sprayed as federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

Bystanders are treated after being pepper sprayed as federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A federal immigration officer deploys pepper spray as officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A federal immigration officer deploys pepper spray as officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A family member reacts after federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

A family member reacts after federal immigration officers make an arrest Sunday, Jan. 11, 2026, in Minneapolis. (AP Photo/John Locher)

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