According to the Institute for Supply Management’s latest service report, economic activity in the services sector expanded in March for the third consecutive month, as the Services PMI registered 51.2%. The sector has grown in 33 of the last 34 months, with the lone contraction during that span in December. read more

APR 6, 2023 - 6:55 am

North American Class 8 net orders in March were 19,200 units, down 10% year over year, while North American Classes 5-7 net orders were 18,600 units, according to preliminary data from ACT Research. read more

APR 6, 2023 - 6:53 am

According to data provided by Epiq Bankruptcy, new bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row. read more

APR 4, 2023 - 7:07 am

According to Emburse, new research suggests that large enterprises are experiencing the most churn, finance professionals are turning to other fields and employers are implementing automation to deal with current market challenges. read more

MAR 31, 2023 - 6:51 am

According to ACT Research, the backlog-to-build ratio contracted to 8.5 months in February after closing January at 9.9 months, reflecting a higher build rate. For context, the average since Q3/21 has been in the eight-month neighborhood. read more

MAR 29, 2023 - 6:58 am

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Dext ABS 2023-1, an equipment ABS transaction. Dext 2023-1 represents the third equipment ABS transaction to be sponsored by Dext Capital. read more

MAR 28, 2023 - 7:35 am

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes and rates declined in February but rate trends should begin to recover once traction on freight volumes is established. read more

MAR 28, 2023 - 7:28 am

According to ACT Research, Chinese commercial vehicle demand presented a mixed bag of results into the end of 2022, with demand for heavy trucks, medium trucks and tractors started the process of reversing its downward trajectory as the Chinese economy reopened. read more

MAR 27, 2023 - 7:17 am

According to ACT Research’s recent release of its Freight Forecast, U.S. Rate and Volume Outlook report, the truckload spot market is bottoming as labor capacity slows. read more

MAR 24, 2023 - 7:19 am

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25),  which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume in the equipment finance industry for February was $7.9 billion, up 11% year over year from their new business volume in February 2022. read more

MAR 23, 2023 - 7:22 am

According to ACT Research, February’s preliminary net trailer orders increased sequentially but were lower against longer-term comparisons, with 25,800 units (25,600 seasonally adjusted) projected to have been booked during the month. read more

MAR 23, 2023 - 7:09 am

According to a survey conducted by TD Bank, inflation continues to be the top challenge for restaurants as they look ahead to 2023. Restaurants also cited the labor shortage (32%), supply chain disruptions (16%) and rising interest rates (11%) as factors impacting their businesses. read more

MAR 22, 2023 - 7:24 am

According to data from ACT Research, preliminary Class 8 same dealer used truck retail sales volume managed a small gain, rising 2% month to month in February. read more

MAR 17, 2023 - 7:10 am

According to the Equipment Leasing & Finance Foundation’s March 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is at a mark of 50.3, a decrease from the February index of 51.8. read more

MAR 16, 2023 - 7:20 am

According to the latest Biz2Credit, small business loan approval percentages at big banks slipped again in February, falling from 14.4% in January to 14.2%. This marks the ninth consecutive month in which big bank approval percentages have declined. read more

MAR 15, 2023 - 7:01 am