The U.S. economy will continue softly expand for the rest of 2023, according to the Institute for Supply Management’s spring 2023 semiannual economic forecast. read more

MAY 9, 2023 - 7:08 am

Small business loan approval rates at big banks slipped again in April, falling from 13.8% in March to 13.5% in April, according to Biz2Credit’s Small Business Lending Index. read more

MAY 9, 2023 - 7:07 am

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

MAY 2, 2023 - 7:08 am

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes improved but remained weak in March and rates declined further. The Pricing Index fell 5.4 points to 36.5 in March, marking the second lowest reading in the index’s history, with only April of 2020 being lower. read more

APR 28, 2023 - 6:54 am

The Equipment Leasing & Finance Foundation released the Q2/23 Equipment Leasing & Finance Industry Snapshot, an information resource for industry participants. The foundation projected the U.S. economy will enter a recession this year and grow by just 0.7%. read more

APR 27, 2023 - 7:08 am

Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in Q1/23, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. read more

APR 27, 2023 - 6:57 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports on a cross section of the $1 trillion equipment finance sector, overall new business volume for March was $10.4 billion, down 2% year over year. read more

APR 25, 2023 - 7:17 am

According to the U.S. Cutting Tool Institute and the Association for Manufacturing Technology, cutting tool consumption totaled $196.9 million in February, which was up 0.2% from January and 17.5% on a year-over-year basis.   read more

APR 25, 2023 - 7:11 am

The American Trucking Associations’ advanced seasonally adjusted for-hire truck tonnage index fell 5.4% in March to 111.6 after increasing 0.9% in February to 118. Compared with March 2022, the index decreased 5%, marking the first year-over-year decrease since August 2021. read more

APR 25, 2023 - 7:10 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, the trucking industry demand was quite healthy in March, despite the turmoil experienced in the banking sector and yet another interest rate increase. read more

APR 24, 2023 - 6:57 am

According to ACT Research, March’s preliminary net trailer orders decreased sequentially and were lower against longer-term comparisons, with 16,800 units projected to have been booked during the month. Final March results will be available later in April. read more

APR 21, 2023 - 6:47 am

According to the recently released Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) by the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 47, a decrease from the March index of 50.3. read more

APR 20, 2023 - 6:57 am

Equipment and software investment growth cooled in the early months of 2023, with the Equipment Leasing & Finance Foundation lowering its annual forecast for investment growth to 1%, according to the Q2 update to its 2023 economic outlook. read more

APR 19, 2023 - 6:57 am

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases. read more

APR 17, 2023 - 7:09 am

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%. read more

APR 17, 2023 - 7:03 am