Industry Sector 2010
October
Execs Discuss the Cyclical, Growing Materials Handling Industry
By Amanda L. Gutshall
To fully comprehend the impact the recession has had on materials handling, the Monitor spoke to Jeff Rufener and Eric Gabriel at Mitsubishi Caterpillar Forklift America to get their take on the industry. Ranging from shipment activity to the affect of government stimulus initiatives, and from environmental equipment’s role to the impact of proposed lease accounting rules, they see the industry as healthy and growing.
First Financial Corporate Services Launches Materials Handling Solutions to Serve the Underserved
By Stuart P. Papavassiliou
Take one materials handling finance professional with nearly 30 years experience under his belt, one ten-year old equipment leasing company and a healthy portfolio of forklifts, and you come up with something new … something like First Financial Corporate Services’ Materials Handling Solutions.
IT Leasing & Financing
A Resilient Market, A Positive Outlook
By Joseph Pucciarelli
In 1964, worldwide spending for computers was $2 billion. By 2014, 50 years later, IDC expects total IT spending will exceed $1.7 trillion — continuing to require hundreds of billions of dollars in working capital loans, customer financing and equipment lease funding. It is not fashionable to be enthusiastic, nevertheless, IDC believes the IT leasing and financing market will remain the most dynamic and one of the most attractive for many years to come.
The Future Remains Cloudy for the Construction Equipment Industry on Capitol Hill
By Christian A. Klein
With the upcoming midterm congressional elections only days away, AED’s Christian Klein examines how changes within government could affect legislation for the equipment industry. Here, he looks to three areas: roads and bridges, water infrastructure and tax incentives for equipment purchases to see if any changes could bring a ray of sunlight into our cloudy future.
ATA Economist Predicts More ‘Slow Going’ for the Trucking Industry
By Amanda L. Gutshall
Although modest growth in the trucking industry’s future seems imminent, it still looks to be slow going and will be for some time, according to American Trucking Associations economist Tavio Headley. Echoing the hesitant estimates of growth that Bob Costello provided the Monitor with last year, Headley remains cautiously optimistic.
Volvo Financial Services
Ramping Up for a Rebound
By Christopher Moraff
With recently passed tax incentives in capital equipment, new emissions standards ready to take effect at the end of 2010 and one of the oldest U.S. truck fleets on record nearing a necessary replacement cycle, Martin Weissburg, the president and CEO of Volvo Financial Services, thinks the future is looking bright for the American trucking sector.
Using Your Ethical Compass
The Right Thing To Do
By Scott Wheeler
Businesses are built upon integrity, reputation and the ability to provide value to their customers and other business partners. As such, business ethics are of paramount importance. Having strong ethics does not mean that individuals won’t make mistakes. However, strong business ethics can be measured best by how individuals react to difficult situations
Bankruptcy §363 Sale
Creditor Prevails in Compelling Assumption or Rejection of Lease
By Andrew K. Alper
The case of In re Gateway Ethanol, LLC provides an extended discussion of a sticky issue frequently encountered in bankruptcy or litigation: whether or not a lease is a true lease versus a lease intended as security. This recent case is now being cited as authoritative by many courts when looking at the true lease/lease intended as security dichotomy.
The Issue Becomes Complex When Moving From the UCC to State Title Laws
By Kenneth P. Weinberg
Uniform Commercial Code §9-311(a)(2) provides that the filing of a UCC financing statement does not perfect a lien that is governed by the state’s certificate of title law. Stepping out of the familiar and more-or-less uniform terrain of the UCC and into state title laws has proven perplexing, expensive and, in some cases, disastrous for motor vehicle lenders and lessors.
