Commercial Chapter 11 Filings Increased 105% in May

According to Epiq Bankruptcy, commercial Chapter 11 filings increased 105% in May 2023 to 680 versus the 332 filings in May 2022. Nearly half of the Chapter 11 filings were made by corporate subsidiaries. read more

GAMA Reports Increase in Aircraft Unit Deliveries Across Most Segments in Q1/23

According to the General Aviation Manufacturers Association, the aircraft manufacturing industry’s results for the first three months of 2023, when compared to 2022, point to increasing aircraft unit deliveries across most aircraft segments. read more

Equipment Finance New Business Volume Down 8% Y/Y in April

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume in the industry for April was $9.7 billion, down 8% year over year and 7% month over month.   read more

Global Jet Capital Projects $195B in Business Jet Transactions Between 2023 and 2027

In a recent report, Global Jet Capital projected $195 billion in total business aviation transaction volume for both new and pre-owned transactions between 2023 and 2027 with a compound annual growth rate of 3.1%. read more

ELFF Report: More Than 80% of Franchisors Expect Increase in Sales in 2023

Despite economic uncertainties around inflation, labor issues and a looming recession, more than 80% of franchisors anticipate an increase in franchise sales in 2023, according to a new study released by the Equipment Leasing & Finance Foundation. read more

Equipment Finance Industry Confidence Decreases Again in May

According to the Equipment Leasing & Finance Foundation’s  May 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market fell to a mark of 40.6, a decrease from the April index of 47. read more

US Cutting Tool Orders Increased 14.9% Y/Y in March

According to the U.S. Cutting Tool Institute and the Association for Manufacturing Technology, March 2023 U.S. cutting tool consumption totaled $225.6 million, which was up 14.6% compared with February and 14.9% on a year-over-year basis. read more

ISM Projects Soft Expansion in US Economy for Rest of 2023

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

Small Business Bank Loan Approvals Continued to Plummet in April

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

Truck Freight Volume Continues to Contract Nationwide Despite Increases in Southwest

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

ACT Research’s Pricing Index Hits Lowest Point Since April 2020

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

ELFF Continues to Project Recession for 2023

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

Citizens Business Conditions Index Bounces Back in Q1/23

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

Equipment Finance Industry New Business Volume Down 2% Y/Y in March

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

US Cutting Tool Orders Increase to $196.9 MM in February, Up $17.5% Y/Y

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

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