Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more
MAR 19, 2024 - 6:40 am
According to the Equipment Leasing and Finance Association's “What’s Hot/What’s Not” report, which reveals industry perceptions of 15 equipment markets based on a survey of ELFA members, construction, machine tools, medical, technology and marine/intercoastal are the leading sectors for the year ahead, based on portfolio preference. read more
MAR 12, 2024 - 6:50 am
Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI registered 52.6%, according to the Institute for Supply Management. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022. read more
MAR 11, 2024 - 6:31 am
Economic activity in the hospital subsector grew in February for the sixth consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more
MAR 8, 2024 - 6:46 am
Last month, Sandhills Global noted an influx of factory-new equipment, trucks and trailers in the market, while late-model assets were increasingly accumulating on dealers’ lots. In its newest market reports, which now include a report dedicated to the U.S. used planter market, Sandhills observed a continuation of this trend. read more
MAR 7, 2024 - 7:04 am
The median ratio of operating expenses compared to total revenues for companies rated BBB- or higher rose to 83.7% in the fourth quarter of 2023 from 82.2% in the third quarter, according to the latest data from S&P Global Market Intelligence. read more
MAR 7, 2024 - 7:04 am
According to Biz2Credit’s Women-Owned Business Study, earnings for small businesses owned by women remained steady in 2023 while average annual revenue for businesses owned by women increased 15.5%. read more
MAR 7, 2024 - 7:00 am
According to Solifi's 2024 Global Leasing Report, global growth in the leasing industry is forecast to decrease to 2.9% in 2024, which is below the historical average of 3.8%. read more
MAR 4, 2024 - 7:03 am
According to a new survey of more than 734 secured finance executives from Secured Research and Data Solutions, a Monitor/ABF Journal joint venture, less than 20% of equipment finance leaders and less than 25% of asset-based lending leaders see their firms leveraging emerging technologies. read more
MAR 4, 2024 - 7:02 am
Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status and 28 months of growth prior to that, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more
MAR 4, 2024 - 6:46 am
According to PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession. read more
MAR 1, 2024 - 6:54 am
According to ACT Research, used Class 8 average retail sale prices improved 2.6% month over month to $59,400 in January. The last time retail prices were this low was in the spring of 2021. read more
FEB 28, 2024 - 6:50 am
Pathward released its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70% consider themselves to be in growth mode. read more
FEB 27, 2024 - 5:33 am
The ELFA’s Monthly Leasing and Finance Index showed overall equipment finance new business volume for January was $9.3 billion, up 6% year-over-year from January 2023. read more
FEB 26, 2024 - 5:59 am
Weak freight rates continue to reduce carriers’ willingness to invest in equipment, resulting in low trailer orders and high cancellations in January, according to ACT Research. read more
FEB 26, 2024 - 5:43 am