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
According to data from the Secured Finance Network, Q4/23 was marked by steady confidence in the ABL industry, with lenders maintaining a positive outlook despite persistent inflation and rising interest rates. read more
APR 14, 2023 - 7:00 am
According to the Golub Capital Altman Index produced by Golub Capital in collaboration with credit expert Dr. Edward I. Altman, middle-market private companies experienced year-over-year earnings growth of 11% and revenue growth of 11% during the first two months of Q1/23. read more
APR 14, 2023 - 6:55 am
A new survey from Grant Thornton revealed that CFOs remain optimistic about the economy, even as indicators of a potential recession continue to loom. However, while optimism is high, confidence in controlling costs seems to be waning. read more
APR 12, 2023 - 7:10 am
According to Biz2Credit, small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, the lowest figure for big banks since July 2021. read more
APR 12, 2023 - 7:04 am