CIT Equipment Finance Receives No. 1 Ranking in Konica Minolta Survey

CIT’s equipment finance business earned the highest score in a survey conducted by Konica Minolta Business Solutions. read more

Greenbrier CFO Tekorius Promoted to Executive Vice President

The Greenbrier Companies promoted Senior Vice President and Chief Financial Officer Lorie Tekorius to executive vice president and chief financial officer with expanded responsibilities. read more

Ascentium Named Best Business Lending Platform by FinTech Breakthrough

Ascentium Capital received the FinTech Breakthrough Award for the Best Business Lending Platform. read more

Marks & Associates Opens Atlanta Office, Adds Shareholder

Marks & Associates opened a new office in downtown Atlanta and added Ian J. Platt as a shareholder. read more

AerCap Signs Lease Agreement with New Airline Customer Wamos Air

AerCap Holdings signed a lease agreement with Spanish carrier Wamos Air for a 2003 vintage Airbus A330-200, powered by Rolls-Royce engines, which will deliver to Wamos in June 2017. read more

Simard to Lead Commercial Vehicle Expansion for American Lease Insurance

American Lease Insurance Agency named Michael Simard to the position of sales director. In this role, Simard will focus on developing ALI’s offering of commercial vehicle insurance. read more

SMBC Aviation Capital to Purchase Three New Boeing 737-800s

SMBC Aviation Capital will purchase three Boeing 737-800s, bringing its total owned, managed and committed portfolio for B737-800s to 198. read more

Penske Truck Leasing Launches Mobile App

Penske Truck Leasing introduced a free mobile app called Penske Fleet to benefit its full-service truck leasing and contract maintenance customers. read more

ELFA: Equipment Finance Industry March New Business Volume Up 10% Y/Y

According to the Equipment Leasing and Finance Association’s monthly leasing and finance index, overall new business volume for March was $8.9 billion, up 10% year-over-year from new business volume in March 2016. read more

Deriu Appointed COO at Advantage Funding

Advantage Funding named Joseoph Deriu as the company’s new chief operating officer. read more

PACCAR Swings to Profit; Q1/17 Class 8 Orders Up 40%

PACCAR reported Q1/17 net income of $310.3 million compared to a net loss of %594.6 million in Q1/16, which included a European Commission charge of $942.56 million. U.S. and Canada Class 8 truck orders were 40% higher versus Q1/16. read more

Caterpillar Raises Expectations on Higher Q1 Results

Caterpillar reported Q1/17 sales and revenues of $9.8 billion were up 3.8% compared to Q1/16. As a result of a stronger than expected start to the year, CAT increased its expectations for full-year 2017 sales and revenues. read more

Beacon Funding Promotes Belanger to EVP/COO, Adds VPs

Beacon Funding made several strategic promotions and the appointment of new hires to its leadership team, highlighted by the promotion of Mark Belanger to executive vice president/chief operations officer. read more

Cat Financial Reports 2% Increase in Q1/17 New Business Volume

Cat Financial reported that during Q1/17 retail new business volume was $2.34 billion, an increase of $47 million, or 2%, from Q1/16. read more

LCA Hires Sugg to Replace Retiring Katikos as CFO/SVP

Lease Corporation of America hired Jeffery Sugg as chief financial officer, senior vice president. Sugg will replace Theodore Katikos, who is retiring in June. read more

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