Katerina Jones, the chief marketing officer of Fleet Advantage, was honored with the National Private Truck Council’s Excellence in Membership Award at the organization’s 2024 annual conference and exhibition. read more

APR 25, 2024 - 6:53 am

IronTrax shared insights on the construction industry for Q1/24, focusing on several topics that pertain to the industry as a whole, including an industry outlook for 2024, the anticipated plunge in office real estate values, a surge in job openings, the record-high share price achieved by Caterpillar and a summary of trends in used equipment values. read more

APR 24, 2024 - 6:44 am

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 2% in March after increasing 4% in February. In March, the index equaled 113.4 compared with 115.7 in February. read more

APR 24, 2024 - 6:42 am

March trailer net orders, at 13,600 units, were nearly 25% lower year over year and 7,000 units below February’s intake, according to ACT Research, bringing Q1/24 net orders to 48,300 units, down 29% from Q1/23’s faster paced order environment. read more

APR 24, 2024 - 6:37 am

The American Bankruptcy Institute's Subchapter V Task Force unveiled its final report of recommendations pertaining to the $7.5 million debt sublimit for Subchapter V filings within Chapter 11 of the U.S. Bankruptcy Code, calling for the permanent maintenance of the $7.5 million threshold. read more

APR 22, 2024 - 6:50 am

Despite economic twists and turns in 2023, the asset-based lending market experienced growth in commitments of working capital, according to the Secured Finance Network, which noted that while there were fewer new client deals last year than in 2022, deals were larger in size.  read more

APR 22, 2024 - 6:46 am

Encina Lender Finance closed a $22.5 million senior credit facility for an indirect auto finance platform with a track record of more than two decades. The borrower will use this facility to support growth. read more

APR 22, 2024 - 6:45 am

The U.S. Senate is considering an extension of the current Subchapter V debt sublimit within Chapter 11 bankruptcy filings following the introduction of legislation that would push out the expiration date for the $7.5 million threshold to 2026. read more

APR 19, 2024 - 6:31 am

Penske Truck Leasing unveiled Catalyst AI, an artificial intelligence platform for fleet management that delivers real-time insights into fleet performance. read more

APR 19, 2024 - 6:29 am

MidFirst Bank entered into a definitive agreement to acquire the Houston banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp. MidFirst will will gain Amerant’s Houston client relationships totaling approximately $576 million in deposits and $529 million in loans. read more

APR 18, 2024 - 6:31 am

Paul Casey will join Citizens Financial as head of wealth management, effective July 9. Casey has more than two decades of experience from Morgan Stanley, where he held increasingly responsible leadership positions. read more

APR 18, 2024 - 6:28 am

First Horizon promoted Tracy Bell to chief investment officer of First Horizon Advisors, the wealth management subsidiary of First Horizon. In this role, Bell will lead the First Horizon Advisors investment team in addition to the bank’s Women & Wealth client initiative. read more

APR 18, 2024 - 6:26 am

Origis Energy, a renewable energy and decarbonization company, closed a $136 million construction financing facility and conversion to term loan with MUFG for its Rice Creek Solar project under construction in Putnam County, FL. read more

APR 17, 2024 - 6:28 am

The resilience of the asset-based lending market continued in Q4/23, with lenders holding on to positive sentiment against the backdrop of an uneven economy while closely watching portfolios in 2024, according to data released by the Secured Finance Network. read more

APR 12, 2024 - 6:19 am

Finastra launched a small business data collection module designed to help banks comply with the Equal Credit Opportunity Act small business data collection requirements mandated by Section 1071 of the Dodd-Frank Act. read more

APR 12, 2024 - 6:15 am