A member of the original group that launched Huntington's equipment finance unit in 2001, new president Mike DiCecco explains that being completely integrated within the bank's overall strategy and offering unbiased solutions to commercial clients are key differentiators in a competitive marketplace.... read more
Jan/Feb 2014
Fraudulent transfer laws can create problems for many financiers — even those with the best of intentions. Ken Weinberg discusses why transactions of this nature should be considered carefully and seen as having inherent risk. He points out that even a lender that eventually defeats a fraudulent conveyance claim will probably feel like a loser upon receiving the legal bill.... read more
Nov/Dec 2013
In both equipment leasing and football, Linda Kester sees similar traits needed to build a winning team. Here she offers five steps to getting your sales squad off of the sidelines and into the game.... read more
Nov/Dec 2013
Bill Snyder, sales manager for Liquidity Services’ TruckCenter.com writes that with recovery being the ultimate and critical last step, financial institutions need a clear understanding of the key steps to maximizing value when it comes to selling off-lease or repossessed trucks and other equipment.... read more
Nov/Dec 2013
The work truck industry is expected to continue growing through at least 2016, says NTEA economist Steve Latin-Kasper, as forecasters anticipate improvement in the construction sector, state/local government expenditures and global economy.... read more
Nov/Dec 2013
The Emerging Issues Task Force of the Financial Accounting Standards Board revisited accounting for Investments in Qualified Affordable Housing Projects that generate Low Income Housing Tax Credits and came to its decisions in September. Bill Bosco discusses the resulting good and bad news regarding effective yield methods, proportionate amortization and the inclusion of tax credits in revenue recognition.... read more
Nov/Dec 2013
The IT industry is experiencing "seismic shifts" that are altering the entire segment. As IDC's Susan Middleton notes, transformations in cloud services and mobility are two key trends that will significantly impact IT leasing and financing markets and provide growth opportunities, as customers look for help managing this rapid pace of change.... read more
Nov/Dec 2013
In a Q&A with the Monitor, Industrial Truck Association's chairman James Moran notes that the future of the lift truck industry is hopeful thanks to steady growth in the manufacturing sector. However, he cautions that the industry must be flexible, as the growth of e-commerce is demanding a change in the types of lift trucks and materials handling devices needed to accommodate this significant shift in application and process. ... read more
Nov/Dec 2013
The equipment industry’s 2014 agenda in Washington is all about the bottom line. Christian Klein discusses why the federal highway program, tax code and energy sector are top priorities for the industry. ... read more
Nov/Dec 2013
Although memories of a weakened U.S. material handling industry are all too recent, the future is one of renewed strength. However, headwinds, such as the fragile economic recovery, uncertain monetary policy and Chinese brands entering the North American market, present challenges. ... read more
Nov/Dec 2013
The 2013 Construction Executive Survey by Wells Fargo Equipment Finance reveals a distinct improvement in sentiment about the U.S. construction industry compared to a year ago. Executives at contracting firms and equipment distribution houses report increased construction activity and a stronger intent to hire new employees over the next six months. ... read more
Nov/Dec 2013
With business aviation's most economically challenging years in the past, NBAA president Ed Bolen sees promise in recent incremental growth. However, he notes that the industry is likely several years away from getting back to the high levels seen in 2007 and the first three quarters of 2008.When the recession hit the United States in 2008, the business aviation industry was among the sectors affected most by the sluggish economy. However, recent data from the General Aviation Manufacturers Association (GAMA) reveals some good news. ... read more
Nov/Dec 2013
Business aviation has become ever more highly regulated and complicated. David Mayer and David Norton identify five significant issues facing the industry: Residual-collateral value risk, state sales and use taxes, compliance with FAA operating rules, federal excise taxes and non-citizen trusts.... read more
Nov/Dec 2013
Juergen Rochert and Martin Daum share their thoughts with the Monitor regarding Freightliner's success and Daimler Truck Financial’s role in supporting the Class-8 market's leading brand.... read more
Nov/Dec 2013
When BBVA Compass decided to establish a new equipment finance unit, it turned to 30-year industry veteran Mark Marinik and his Cleveland-based team to strategically fill the gap in the bank's product offerings.... read more
Nov/Dec 2013