Ritchie Bros. conducted its largest auction in Texas this month, selling more than $86 million of equipment and trucks for more than 800 consignors in three days. The auction was held in Fort Worth, TX. read more

DEC 20, 2022 - 7:15 am

Chinese commercial vehicle market demands for heavy trucks, medium trucks and tractors continued a strong decline, affected by policy, market and economic factors, according to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK. read more

DEC 20, 2022 - 7:14 am

The Equipment Leasing & Finance Foundation released the December Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 45.9, an increase from the November index of 43.7. read more

DEC 19, 2022 - 7:19 am

In what is likely to be challenging year for both the U.S. economy and the equipment finance industry, equipment and software investment will grow by 4.2% in 2023, according to the Equipment Leasing & Finance Foundation. read more

DEC 16, 2022 - 6:57 am

According to December release of the Institute for Supply Management’s semiannual economic forecast, revenues are expected to increase in 15 of 18 manufacturing industries and 14 of 18 services sector industries in 2023. read more

DEC 16, 2022 - 6:55 am

Nearly 70% of lenders are concerned about anticipated small business lending data collection regulations and the ability to manage those requirements, according to Wolters Kluwer, which reported concerns about new regulations have “jumped considerably” in 2022. read more

DEC 15, 2022 - 7:06 am

ACT Research released the December installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. read more

DEC 15, 2022 - 7:03 am

According to the Equipment Leasing and Finance Association’s recently released compensation report, the five highest paid positions in the equipment finance industry are CEO/president, CFO, head of sales, senior sales representative and team leader. read more

DEC 14, 2022 - 6:55 am

According to Biz2Credit’s Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.7% in October to 14.6% in November, marking the second lowest monthly percentage in 2022. read more

DEC 14, 2022 - 6:45 am

Wells Fargo Investment Institute released its 2023 outlook report, which outlines its expectations for a recession in the first half of 2023, recovery around mid-year and a rebound that gains strength into year-end. read more

DEC 12, 2022 - 7:25 am

Finastra research revealed views on open banking in the United States have matured over the last year, with 68% of respondents considering it either a 'must have' or 'important', up from 48% last year. read more

DEC 12, 2022 - 7:20 am

International Data Corporation unveiled its future of work predictions for 2023 and beyond, noting that the reality of the current global economic, climate and business challenges in the United States requires workers to be a part of dynamic and reconfigurable teams. read more

DEC 8, 2022 - 7:22 am

DLL, a global financial solutions provider, launched 2023 Workplace Trend Report - The Hybrid Experience. The report covers the future of the workplace, the hybrid experience and addresses its impact on the industry’s growth and evolution into 2023. read more

DEC 7, 2022 - 7:20 am

According to ACT Research, Preliminary NA Class 8 net orders in November were 33,000 units, while NA Classes 5-7 net orders were 21,400 units. ACT will publish complete industry data for November, including final order numbers, in mid-December. read more

DEC 6, 2022 - 7:15 am

Kroll Bond Rating Agency released its 2023 ABS Sector Outlook, examining key trends from 2022 and providing forecasts for 2023. read more

NOV 30, 2022 - 7:10 am