Last Updated: May 16, 2012

News — Equipment Sector News

QI Machine Tool Orders Up, But Investment Obstacles Remain

The AMT said year-to-date machine tool orders through March 2012 were $1.36 billion, up 12.9% compared with 2011. The AMT noted that a lack of access to credit, encroaching regulations and taxes and overall political uncertainty remain as future investment obstacles.

GAMA: QI Business Jet Shipments Off From 2011

The General Aviation Manufacturers Association said worldwide general aviation shipments in the first quarter fell 2.1%. GAMA also noted that business jet shipments of 122 units, were down 4.7% from last year’s 128 units.

Cessna Announces Long-Range Citation Business Jet

Cessna announced its newest and longest-range business jet, the Citation Longitude at the European Business Aviation Convention. Cessna said at a price of $26 million, it believes the Longitude is the best value 4,000-nautical mile super mid-size business jet available.

Caterpillar to Sell Majority Interest in Logistics Business

Caterpillar said it has signed an agreement that would result in Platinum Equity acquiring a 65% equity stake in Caterpillar Logistics Services, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics Inc. The overall transaction is valued at approximately $750 million.

ILFC Completes 65 Lease Transactions in Q1/12

International Lease Finance Corporation said it completed 65 lease transactions and took delivery of ten new Boeing 737-800s during the first quarter of 2012.

Bombardier’s Business Jet Recovery Shows Bigger is Better

Bloomberg noted in a story that Bombardier’s large and mid-size jets are leading a recovery in business aircraft sales as U.S. corporations upgrade their fleets with cash stockpiled after the 2008-2009 financial crisis.

Banks in Business Jet Financing Not In For Easy Ride

FlightGlobal reports that banks in business jet financing are not in for an easy ride as a result of the abundance of cash buyers. Banks are also feeling the pressure of low pricing as finance sources are returning to the market.

Largest Cat Dealer Awarded C$96 Million Mining Equipment Deal

Finning International, the world’s largest Caterpillar equipment dealer, said its U.K. and Ireland division has secured a seven-year mining equipment and service contract with Hargreaves Services for a total value of approximately C$96 million.

Truck Fleet Q1 Failures Decline

Transport Topics reported that truck fleet failures continued to decline in the first quarter 2012 to 160 carriers, which was down from 295 carriers who failed in the first quarter 2011.

Commercial Vehicle Net Orders Soft in April

North America medium and heavy duty GVW Classes 6-7 and Class 8 commercial vehicle preliminary net orders for April were down from March, according to ACT Research.

Consortium Creates $300 Million Solar Lease Facility

Clean Power Finance, MS Solar Solutions, a subsidiary of Morgan Stanley and Main Street Power, announced the creation of MySolar, a residential solar lease facility that will provide funding for up to $300 million in projects.

Ritchie Bros. Reports Record Q1 Auction Revenues

Ritchie Bros. said it achieved record auction revenues in the first quarter 2012 of $101.3 million, up 14% compared to $88.5 million for the same period in 2011. The company noted a 23% increase in sales to online bidders in the first quarter.

GE Capital: Healthcare CFOs Cautious About State of Industry

U.S. CFOs of middle-market companies in the healthcare industry continue to express concern over the state of their industry, while growing slightly more positive about the U.S. economy, according to the latest U.S. Mid-Market CFO Survey by GE Capital.

NACCO Says Lift Truck Market Growth to Moderate in 2012

NACCO Industries, maker of Hyster and Yale brand lift trucks, said in its recent outlook for 2012, that it expects global lift truck market growth to continue to moderate in the remainder of 2012.

Farm Lending Rises on Surge in Capital Spending

According to its latest quarterly report on national farm lending, the Federal Reserve Bank of Kansas City said non-real estate farm loan volumes rose in the first quarter, led by a surge in capital spending.

Penske Truck Leasing, GE Capital Extend Partnership

Penske Truck Leasing said it has completed a series of transactions that include new equity investments from its existing partners, including GE Capital, and the partners have agreed to extend the term of the partnership to 2023.

YRC Worldwide Gets Lender Support to Amend Credit Agreements

YRC Worldwide said it has reached an agreement with 100% of its term loan and asset-based lender groups led by JPMorgan Chase to reset certain covenants and allows the company to retain all proceeds from the sale of surplus properties.

Report: Medical Equipment Leasing to Reach $56B by 2017

According to a report by Global Industry Analysts, the global market for medical equipment rental and leasing is forecast to reach $56 billion by the year 2017.

GE Capital: Positive Momentum for 2012 Construction Industry

In its Spring 2012 Industry Research Monitor on the construction industry, GE Capital noted that small but consistent quarterly improvements in virtually all metrics give positive momentum for 2012.

Pricing for Used Class 8 Slips Again in March

Used Class 8 truck pricing slipped for the second consecutive month in March.
“Prices are not likely to keep falling, but rather, will grow at a slower rate,” reported Steve Tam, VP-commercial vehicle sector with ACT.

PACCAR Results Benefit From Higher Truck Sales, Financial Svs

PACCAR said its excellent revenues and net income for the first quarter reflect the benefits of increased truck sales in North America and growth in financial services assets and aftermarket revenues worldwide.

GATX Rail Segment Profit Up on Higher Lease & Renewal Rates

GATX said its rail segment profit was $58.6 million in the first quarter, up from $51.6 million in the same quarter in 2011. The company said the improvement was driven by increasing lease rates and lower maintenance expense due to the high renewal success rate in North America.

General Dynamics: Gulfstream Demand Continued in Q1

General Dynamics reported that healthy demand for Gulfstream aircraft continued in the first quarter with particularly strong interest among North American customers. Large business aircraft unit deliveries were up from 39 in 2011 to 43 in the latest quarter.

CAT Reports Record Q1 Profit; Raises Outlook

With growing global demand for mining products and strong replacement demand in the U.S. offsetting a slowdown in China and Brazil, Caterpillar reported record quarterly profit of $1.586 billion, an increase of 29% from $1.225 billion in Q1/11. Caterpillar said it expects another record-breaking year in 2012.

CNH Reports Double-Digit Growth in Ag & C/E Sales

CNH said first-quarter agriculture and construction equipment sales were up 18% and 41%, respectively. The company noted that sales of construction equipment in North America more than doubled compared to the same period last year.

ATA: Q1 March Tonnage Reflects Economy Growing ‘Moderately’

The American Trucking Associations’ chief economist Bob Costello said, “March tonnage, and the first quarter overall, was reflective of an economy that is growing, but growing moderately.”

Rush Enterprises Q1 Class 8 Sales More Than Double

Rush Enterprises said first quarter net income was $15.9 million, up from $7.2 million a year earlier. Rush said Class 8 retail sales increased by 104% over the same time period in 2011, “significantly outpacing the U.S. Class 8 truck market, which increased 48%.

SunMaxx Solar, Renewable Energy EF Partner on Financing Program

SunMaxx Solar said it has partnered with Renewable Energy Equipment Leasing to offer residential, commercial and municipal financing options for the purchase of thermal hot water systems.

March Truck Sales Rise 33% Y/Y; Orders Soften

Transport Topics reported that U.S. truck makers sold 17,308 Class 8 trucks in March, a 33% increase from the same month last year, but the news comes as several potentially troubling signs have appeared.

Machine Tool Orders ‘Off to Best Start Since 1998′

February machine tool orders were up 35% compared to the same month in 2011. Association of Manufacturing Technology president Douglas K. Woods noted that “manufacturing technology orders are off to their best start since 1998.”

Caterpillar Sells Part of Bucyrus Business to WesTrac

Caterpillar said it has reached an agreement with Cat dealer WesTrac to acquire from Caterpillar the distribution business formerly operated by Bucyrus in Western Australia, Australian Capital Territory and New South Wales.

Class 8 Preliminary Net Orders Soft in March

ACT Research said that North America Class 8 commercial vehicle preliminary net orders for March came in below expectations for a second consecutive month. On a seasonally adjusted basis, Class 8 orders were the weakest since September 2010.

Hospitals’ Spending Exception Creates Lending Opportunities

Despite negative conditions prompting the continued deferral of capital expenditures whenever possible, U.S. hospitals will make one major exception this year – they will spend on information technology to implement electronic health records, according to a new white paper by The Alta Group and PayNet.

Atlas Air Worldwide Closes Loan Facility with CIT Aerospace

Atlas Air Worldwide, a global provider of outsourced aircraft and aviation operating solutions, announced the closing of a $35.7 million, five-year term loan facility with CIT Aerospace.

Penske Truck Leasing Promotes Sanger to Marketing SVP

Penske Truck Leasing said it promoted Sherry Sanger to SVP of marketing. Sanger, marketing VP since 2004, is now responsible for all marketing functions globally for Penske Truck Leasing and its subsidiary, Penske Logistics.

Rouse: Used Equipment Values Rise in February

According to the Rouse Construction Rental Report for the month ending February 29, 2012, the Rouse Value Index of Orderly Liquidation Values for used equipment across the fourteen major rental equipment categories increased both over the previous month and over the previous six months.

Transport Topics: Trucking, Manufacturing Outlook Positive

Transport Topics reported that growth in North American sales will lead the global truck-making industry this year, as U.S. fleets are prospering along with their shipper customers in the manufacturing sector, citing economists speaking at an ACT Research seminar on March 20.

Hawker Beechcraft Preparing to File Bankruptcy

Reuters is reporting that aircraft maker Hawker Beechcraft is preparing to file for bankruptcy protection in the next several weeks. The aircraft maker is currently working with its lenders under a forbearance agreement that is scheduled to expire June 29, 2012.

Fitch: Aircraft Lessors Increasingly Tap Capital Markets

Fitch Ratings noted that an uptick in bond issuance by aircraft lessors could signal that the capital markets are once again becoming a viable financing alternative for the sector.

ATA’s Costello: Truck Tonnage ‘Decent’ in February

The ATA’s advanced seasonally adjusted For-Hire Truck Tonnage Index rose 0.5% in February after falling 4.6% in January and was up 5.5% over last year. “Fleets told us that February was decent and that played out in the numbers,” ATA chief economist Bob Costello said.

LeasePlan’s Truck Division Appoints New Syndications Director

LeasePlan USA, a provider of vehicle leasing and fleet management solutions, said it appointed Angie Gates to director, syndications for its Truck Division. Prior to joining LeasePlan in 2004, Gates was a transaction coordinator at ORIX Financial.

FreightCar America Announces Commercial Restructuring

FreightCar America said it has named three individuals to manage its newly restructured commercial organization. Sean Hankinson, Michael MacMahon and Kevin Knarr will have management responsibility covering North American sales, marketing and customer service, respectively.

GECAS Named 2012 ‘Lessor of the Year’

GE Capital Aviation Services announced it accepted the “2012 Lessor of the Year” award from Airline Economics magazine. The award was based on votes from more than 6,000 aviation executive around the world.

Olympus Says Medical Equipment Growth Key to Revival

Olympus announced the launch of three new medical products that are intended to solidify its position in the endoscopic market. At the launch event, the head of Olympus medical equipment marketing is quoted as saying, “Without growth in our medical business, I do not think there will be a revival for Olympus.”

Falcon Business Jet Maker Says Market ‘Uncertain’

Dassault Aviation said its steep decline in 2011 operating profit was due to a drop in deliveries of its Falcon business jets. The French plane maker said the recovery of the business jet market has begun, “but its evolution remains uncertain.”

Horizon Technology Finance Closes $15MM Loan to Radisphere

Horizon Technology Finance announced that it has closed a $15 million venture loan to Radisphere, a radiology provider that works with rural and community hospitals to measurably improve quality of services and patient care, while managing costs.

February Class 8 Truck Sales Soar 58.8%

Transport Topics reported that U.S. heavy-duty truck sales continued to surge in February, as fleets and owner-operators bought 15,418 Class 8s, a 58.8% jump over the 9,712 sold a year earlier, citing data from WardsAuto.com.

Boston Financial Closes Lease Line for Medical Equipment

Boston Financial said it closed an equipment lease line with a cancer diagnostic test company in Rockville, MD for the acquisition of laser microscopes.

Golden Gate Equipment Finance Brokers Gulfstream Lease

Golden Gate Equipment Finance said it was retained by a client to source Gulfstream IVs and brokered a 48-month lease with a G-IV owner that will transform a diminishing asset into an income producing asset for both parties involved.

Polk: January Class 8 Registrations Over 50% Higher vs 2011

In its latest January 2012 overview of new commercial vehicle registrations, Polk noted that the year/year increase of 27.5% resulted primarily of a 50.5% increase in the level of new Class 8 registrations compared to January 2011.

GE Capital: Truck & Trailer Orders Will Continue Improvement

In its latest Spring 2012 Industry Research Monitor on Truck Transportation, GE Capital noted that high asset age, increased capacity utilization and improving used equipment valuations will continue to bolster truck and trailer orders through 2012.

GE Capital Fleet Services Launches New Toll Management Program

GE Capital Fleet Services said it has launched a new toll management program for fleet managers that increases their visibility of and control over toll expenses, while reducing administrative tasks and cost burdens.

NationaLease President to Retire After 37 Years in Industry

NationaLease said that Gene Scoggins, president of the NationaLease truck leasing organization, will retire in March. Scoggins’ most noteworthy accomplishment was establishing the company’s national account program.

Savtira Receives Equipment Lease Facility From Fortran Group

Savtira, a new provider of B2B cloud commerce solutions, said it will complete its network infrastructure expansion via a multi-million dollar equipment lease facility from strategic partner Fortran Group International.

Strong Start for Machine Tool Orders in 2012

The AMT and AMTDA reported machine tool orders for January 2012 were $401.7 million or 8.4% higher compared to January 2011. The largest increase was reported for the Midwest region, up 24.9% versus a 33.6% decline in the Southern region.

Polk: Used Commercial Vehicle Registrations Reach Record High

A Polk analysis of new and used commercial vehicle registrations in the U.S. finds 1.25 million units were registered during the 2011 calendar year, with used commercial vehicle registrations reaching a record high.

ILFC to Sell $1.5B of Senior Notes

ILFC said it has priced and entered into an agreement to issue and sell $750 million aggregate principal amount of 4.875% senior notes due 2015 and $750 million aggregate principal amount of 5.875% senior notes due 2019.

CIT: Emerging Markets Offer Potential for Commercial Aviation

The emerging markets that offer the greatest growth potential for the commercial aviation industry include China, the Philippines, Malaysia, Indonesia and Latin America, said Jeff Knittel, president of Transportation Finance at CIT in its 2012 Global Commercial Aviation Industry Outlook.

Saab Aircraft Leasing In Deal with Silver Airways

Silver Airways said it has reached an agreement with Saab Aircraft Leasing to purchase six additional Saab 340Bplus aircraft. This latest acquisition brings the total number of Saab aircraft to 12 in the airline’s fleet.

Wells Fargo EF: Improving Trucking Climate Should Continue

In the recent Wells Fargo Equipment Finance Trucking Quarterly, Wells Fargo senior economist Sam Bullard noted, “While we agree that the improving climate in the trucking industry should continue this year, we remain mindful of the challenges the U.S. economy faces.”

2011 Business Jet Shipments Lower; Financing Concerns Linger

The General Aviation Manufacturers Association said 2011 business jet shipments were down 6.3% compared to 2010. GAMA said large-cabin and mid-size aircraft saw growth; however, “greatest concern remains lack of financing.”

IDC Forecasts ‘Big Data’ Five-Year Technology CAGR of 40%

Global IT market intelligence provider IDC said in its first “Big Data” technology and services market forecast that the market is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015 representing a CAGR of 40%.

LeasePlan Names Sablowski VP, Truck Remarketing

LeasePlan USA, a provider of vehicle leasing and fleet management solutions, said it named Jennifer Sablowski to VP, truck remarketing. She will manage the truck remarketing team and coordinate terminations, extensions and payoffs of assets.

CIT Acquires $200MM Aircraft Loan Portfolio

CIT said it has purchased a $200 million aircraft loan portfolio consisting of seven aviation loan facilities to several U.S. airlines. The loans are secured by in-production Boeing and Airbus aircraft.

Caterpillar Backlog at Record Levels

In a note to investors, Zacks Investment Research said that Caterpillar’s year-end order backlog was as a record level of $29.8 billion or 59% higher than the end of the previous year.

February Commercial Vehicle Orders Down, But Still Healthy

ACT Research reported commercial vehicle preliminary net orders for February were down from January. The research firm noted, however, healthy backlogs and strong orders over the previous four months support its 2012 forecasts.

IBM Unveils New Financial Incentives

IBM unveiled new incentives for its business partners to help them deliver the latest technology to their clients and drive growth in key markets.

GECAS Delivers New Leased Airbus A320 to India’s GoAir

GECAS said it delivered a new, CFM-powered Airbus A320 to GoAir following a purchase and leaseback transaction with the airline.

Key EF Provides Financing of PV Solar Panels for Rutgers

Key Equipment Finance said that it is financing a solar system installation at Rutgers University, The State University of New Jersey. SunDurance Energy, a national solar provider, is the solar integrator for the project.

ATEL Leasing Hires Littlefield to Expand Rail Finance Unit

ATEL Leasing said it has added Larry Littlefield to manage the Rail Finance division to strategically build ATEL’s existing rail portfolio. He previously held senior marketing, management and operation positions at US Leasing, CIT Rail and Babcock & Brown Rail.

ATA’s Costello: ‘Optimistic About Truck Tonnage’

The ATA’s advanced seasonally adjusted For-Hire Truck Tonnage Index increased 3.6% from January 2011, but M/M fell 4.0% in January after surging 6.4% in December 2011. Chief economist Bob Costello noted, “I’m still optimistic about truck tonnage going forward.”

Rouse: Used Equipment Values Rise in January

According to the Rouse Construction Rental Report for the month ending January 31, 2012, the Rouse Value Index of Orderly Liquidation Values for used equipment across the 14 major rental equipment categories increased 0.6% over the previous month.

NACCO’s Lift Truck Group Y/Y Shipments Up 33%

NACCO Materials Handling Group reported full year 2011 revenues of $2.5 billion were up from $1.8 billion in 2010. The maker of Yale and Hyster brand lift trucks, said shipments in 2011 increased 33% to 79,700 units from 60,000 units in 2010.

Prudential Capital, Santander Fund Arizona Solar Project

Prudential Capital said it provided $121 million of long-term senior notes to LS Power for a new solar power generating project in Arizona. The financing is part of an innovative structure developed in partnership with Banco Santander that provided $466 million to support the development of the project.

GECAS Delivers Three New Airbus A320s to Airphil Express

GECAS announced delivery of three new Airbus A320 aircraft to Airphil Express in January and early February to help the carrier expand its fleet. All three aircraft are part of GECAS’ existing order book with Airbus.

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Date Posted February 29, 2012

ACT Research: Used Truck Prices Up in January as Volumes Slip

Used Class 8 truck price appreciation was prevalent in January sales in the retail and wholesale channels. The sole weak spot was the month-over-month change in auction results, according to ACT Research.

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Date Posted February 28, 2012

Transport Topics: Class 8 Truck Sales Jump 52.9%

Transport Topics reported that U.S. Class 8 truck sales grew sharply in January, jumping 52.9% compared with the first month of 2011, as all manufacturers posted gains of more than 40%, with the exception of Volvo Trucks, which dropped 5.2%.

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Date Posted February 24, 2012

ILFC Increases Credit Facility for AeroTurbine

International Lease Finance Corporation, the parent company of AeroTurbine, said it has increased AeroTurbine’s existing senior secured revolving credit facility by $95 million to $430 million.

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Date Posted February 24, 2012

ILFC Closes $900MM Senior Secured Term Loan

International Lease Finance Corporation said it has closed a new senior secured term loan of $900 million. The banks supporting the loan include Bank of America, Deutsche Bank, Royal Bank of Canada and UBS.

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Date Posted February 23, 2012

Wells Fargo EF Construction Quarterly: ‘Worst is Behind Us’

The most recent Construction Quarterly from Wells Fargo Equipment Finance noted that despite high unemployment and depressed public spending, construction executives are optimistic that non-residential construction in 2012 will be better than in 2011.

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Date Posted February 23, 2012

CAT to Expand in U.S. in Move Away From Japan

Caterpillar said it has selected land near Athens, GA for a new factory that will build small track-type tractors and mini hydraulic excavators. The company said production work now done in Japan will be moved to the U.S. in late 2013.

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Date Posted February 21, 2012

FreightCar America Swings to Profit on Higher Demand

Railcar builder FreightCar America said Q4 and FY 2011 revenues and net income were up substantially from the same periods in 2010. New railcar deliveries in Q4 and year-end backlog were three times and four times higher, respectively.

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Date Posted February 21, 2012

Link-Belt Announces Top Five Dealers For 2011

Telescopic and lattice boom crane manufacturer Link-Belt announced its top five dealers for 2011. The company said these North American dealers were selected on the basis of total sales for the year.

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Date Posted February 21, 2012

Polk: Demand for Used Trucks in 2011 Highest on Record

In its latest trucking industry overview, Polk notes the demand for used commercial vehicles in 2011 represented a record for transactions, surpassing the previous record that was set in 2010.

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Date Posted February 17, 2012

2011 Machine Tool Orders Highest in Over Decade

The AMT and AMTDA reported 2011 machine tool orders were $5.5 billion, up 66.4% compared with 2010. AMT president, Douglas K. Woods, noted that machine tool orders finished its strongest year in over a decade.

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Date Posted February 17, 2012

Deere Forecasting Double Digit 2012 Global Sales Growth

Deere reported record earnings of $533 million in the first fiscal quarter on higher revenues. The company said in its 2012 outlook that global agriculture and construction equipment sales are expected to increase 15% and 18%, respectively.

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Date Posted February 16, 2012

Boeing Closes Largest Ever $22.4 Billion Order

Boeing said it closed a firm order for 230 737s valued at $22.4 billion with Jakarta-based Lion Air. The plane maker said the deal is the largest commercial airplane order ever in its history.

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Date Posted February 14, 2012

GE Capital Announces Financing Relationships with Doosan, Bobcat

GE Capital, Equipment Finance said it has extended its vendor financing relationship of more than 40 years with Bobcat Company. In addition, GE Capital is launching a new vendor financing program for Doosan-branded heavy industrial equipment.

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Date Posted February 13, 2012

Class 8 January Y/Y Truck Sales Up 50%; Orders Decline

Truckinginfo noted, citing data from Ward’s Communications, that January U.S. Class 8 retail truck sales were up by more than 50% from January 2011. FTR Associates said January Class 8 orders were lower than last year, but “firmly within our expectations.”

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Date Posted February 13, 2012

Trailer Industry Expects Good Year in 2012

The commercial trailer sector ended 2011 on solid footing, with net orders for total trailers growing 38% year-over-year, and is well positioned for the third year of growth in the current cyclical recovery, according to ACT Research.

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Date Posted February 13, 2012

Boeing: Global Airlines Will Require 33,500 New Aircraft

Boeing said it projects “strong” long-term growth in the airline industry over the next two decades and is forecasting that global airlines will require 33,500 new aircraft worth about $4 trillion.

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Date Posted February 13, 2012

Rail Finance/Leasing Sector, a Promising Year Ahead

In a news release, rail industry trade journal Progressive Railroading commented on a survey of 60 industry executives with regard to the key issues facing the rail finance and leasing sector in 2012.

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Date Posted February 10, 2012

Ex-Im Bank Predicts ‘Golden Age’ for Business Jet Finance

Flightglobal.com reported that Ex-Im Bank financed $250M for 25 business aircraft purchases last year, only 2% of all aircraft financed by the bank in 2011. However, Bob Morin, Ex-Im’s transportation VP predicts a shift in asset allocation in favor of the business jet market over the coming years.

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Date Posted February 10, 2012

Arrow Trucking Trustee Closes the Book on 25-Month Long Saga

Tulsa World reports Arrow Trucking’s Trustee, Patrick J. Mallory III filed his final report in the U.S. Bankruptcy Court in Tulsa 25 months and one day after the company filed its Chapter 7 liquidation petition.

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Date Posted February 9, 2012

AVIC Leasing, Bombardier Sign MOU for Aircraft Financing

AVIC Leasing and Bombardier announced a memorandum of understanding for an expanded co-operation to support the financing of commercial aircraft sales in China and globally.

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Date Posted February 9, 2012

XTRA Lease Upgrading Trailer Fleet With New Orders

Trailer lessor XTRA Lease said it has ordered 9,400 new vans and reefers that will replace many older model trailers in its fleet. In addition, the company said it is refurbishing 1,000 flatbeds to restore them to like-new condition.

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Date Posted February 8, 2012

ILFC Announces Proposed $900MM Senior Secured Term Loan

ILFC said it intends to raise a new senior secured term loan of $900 million to repay a portion of its outstanding debt and related interest expense, to pay related fees and expenses for the transaction and for general corporate purposes.

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Date Posted February 6, 2012

DLL Signs Lease Agreement With Bosch Solar Energy

De Lage Landen said its clean technology group has signed a U.S. master lease agreement with Bosch Solar Energy to fund solar projects developed by Bosch.

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Date Posted February 3, 2012

Wells Fargo EF: 2012 Construction Activity Expected to Improve

Construction contractors and equipment distributors are optimistic that local non-residential activity will improve in 2012, according to a recent survey by Wells Fargo Equipment Finance.

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Date Posted February 1, 2012

CNH: Construction Equipment Demand to Continue Recovery

In its 2012 full-year market outlook, CNH Global said construction equipment demand is expected to continue its recovery with industry unit sales projected to be up 15 to 20% in 2012. The company also noted that its CNH Financial unit FY net income of $225 million was up 42%.

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Date Posted February 1, 2012

News — Equipment Sector News

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