Leasepath, a provider of financial technology solutions for the asset finance industry, hired Stefany Rojas as executive director and vice president of client relations and Anne Jenkins as vice president of product management. read more

APR 24, 2024 - 6:43 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

Arundel Capital, a privately-held industrial equipment lease financing company headquartered in Calgary, AB, reached an agreement to buy out its minority partner, Jean Perreault. read more

APR 24, 2024 - 6:42 am

Equipment and services company CNH signed an agreement for a €3.25 billion ($3.47 billion) committed revolving credit facility. According to an 8K filed with the SEC, the facility is unsecured and was entered into with a group of 18 banks, including Citibank as facility agent. read more

APR 24, 2024 - 6:42 am

Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance, is celebrating nine years of business this month. Since its inception in 2015 with four founding employees, WCF has grown to a staff of more than 55 and originated more than $4.7 billion in new business volume for its customers. read more

APR 24, 2024 - 6:40 am

The board of directors of Renasant Corporation, the parent company of Renasant Bank, implemented the next step of its management succession plan, designating Kevin D. Chapman to become CEO of the company and the bank in May 2025. read more

APR 24, 2024 - 6:40 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

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume in the equipment finance industry for March was $9.3 billion, down 7% year over year but up 18% from $7.9 billion in February. read more

APR 23, 2024 - 6:50 am

Mitsubishi HC Capital Canada is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector. The company hired Jim Moschos as the director of the new technology finance division. Moschos and his team will provide financing options that help end-users acquire hardware, software and services. read more

APR 23, 2024 - 6:50 am

The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more

APR 23, 2024 - 6:49 am

MAZO Capital Solutions, a provider of commercial financing, appointed John Pfister, CLFP, to the role of CEO. Pfister was previously executive vice president for MAZO and under his leadership, the company was named the Orange County Business Journal’s second fastest-growing private company in 2023.  read more

APR 23, 2024 - 6:49 am

BMO launched its Greener Future Financing program in the U.S. The program is a climate financing program designed to help small and medium-sized businesses build climate-resilient operations. read more

APR 23, 2024 - 6:49 am

Final March Class 8 truck net orders totaled 17,410 units (17,200 seasonally adjusted), down 8.4% year over year, according to ACT Research, while total Classes 5-7 orders rose 23% year over year to 25,359 units (23,400 seasonally adjusted). read more

APR 23, 2024 - 6:47 am

Crane rental and lift solutions provider Maxim Crane Works promoted Larry Lis to chief operations officer. During his more than 25 years at the company, Lis has held numerous roles across the entire company, specifically in operations and sales. read more

APR 23, 2024 - 6:47 am

Peapack Private hired Greg Tamberlane as senior vice president and head of commercial bank operations in New York. Tamberlane most recently served as vice president and senior manager of digital asset solutions at Signature Bank. read more

APR 23, 2024 - 6:46 am