ACT Research shifted its forecasts last month to include an inbound recession, while this month’s forecast changes were characterized by smaller adjustments, both higher and lower, as the shape of the downturn forecasts were fine-tuned. read more

AUG 12, 2022 - 7:20 am

According to American Trucking Associations’ 2022 driver compensation study, wages for American truckers rose significantly in 2021 as demand for drivers amid the ongoing driver shortage increased competition for talent. read more

AUG 11, 2022 - 7:30 am

According to Biz2Credit’s latest Small Business Lending Index, small business loan approval percentages at small banks rose from 21.1% in June to 21.2% in July, while approvals at big banks (more than $10 billion in assets) dipped from 15.4% in June to 15.3% in July. read more

AUG 10, 2022 - 7:27 am

According to a preliminary data in a recent ACT Research report, North American Class 8 net orders in July were 11,400 units, while Classes 5-7 net orders were 13,500 units. read more

AUG 9, 2022 - 7:18 am

According to the latest Hospital ISM Report on Business from the Institute for Supply Management, economic activity in the hospital subsector grew in July for the 26th consecutive month. read more

AUG 8, 2022 - 7:03 am

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 212 commercial Chapter 11 filings registered in July 2022, a decrease of 13% from the 245 filings in July 2021. read more

AUG 5, 2022 - 7:03 am

June used Class 8 retail volumes (same dealer sales) were 1% higher month over month according to ACT Research. Longer term, volumes dropped 44% year over year and were 34% lower year to date. read more

JUL 29, 2022 - 7:22 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.3 billion, down 1% year over year from June 2021 and up 10% from $9.4 billion in May. read more

JUL 26, 2022 - 7:22 am

According to ACT Research’s latest State of the Industry: U.S. Trailer Report, June net U.S. trailer orders of 25,444 units were 31% higher compared with May and nearly 122% above June 2021 levels. read more

JUL 26, 2022 - 7:13 am

According to the latest release of ACT Research’s for-hire trucking index, volume and pricing is down, with capacity still on the high side, resulting in a lower supply-demand balance in June. read more

JUL 25, 2022 - 7:24 am

Bain Capital and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) signed a definitive agreement to acquire Merchants Automotive Group, which does business as Merchants Fleet and Merchants. read more

JUL 22, 2022 - 7:21 am

According to the Equipment Leasing & Finance Foundation’s July 2022 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 46.1, a decrease from the June index of 50.9. read more

JUL 21, 2022 - 7:31 am

According to the Q3 2022 Equipment Leasing & Finance Industry Snapshot from the Equipment Leasing & Finance Foundation, the U.S. economy will grow by 1.6% in 2022, a marked slowdown from the foundation’s previous estimates. read more

JUL 20, 2022 - 7:19 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, surging inflation, the Fed hiking interest rates into a potential recession and supply chain disruptions remain overarching themes. read more

JUL 20, 2022 - 7:10 am

New business volume increased 7.4% in 2021, according to the 2022 Survey of Equipment Finance Activity released by the Equipment Leasing and Finance Association. read more

JUL 18, 2022 - 7:18 am