Fleet Advantage Survey Shows Increasing Use of Leasing for Commercial Fleets

According to Fleet Advantage's latest industry benchmarking survey, 42% of respondents said they are leasing their trucks, which was up from 31% last year and 14% two years ago. read more

Non-Bank Lenders Record Growth in Small Business Loan Approval Rates in January

Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the latest Biz2Credit Small Business Lending Index. However, approval rates at small banks and non-bank lenders improved. read more

Baystone Government Finance Reports Company Record Business Volume

Baystone Government Finance, part of KS StateBank and based in Manhattan, KS, reported a company record 2022 year in new business volume and remains optimistic about 2023 due to rising demand for equipment and vehicles from schools and counties across the United States.  read more

SLIM Capital Increased Overall Funding Volume by 5.91% in 2022

SLIM Capital reported a 39.6% increase in its average amount funded and an overall funding volume increase of 5.91% in 2022 compared with 2021.  read more

TopMark Funding Reports 92% Y/Y Gain in Revenue for 2022

TopMark Funding closed 2022 with 92% year-over-year revenue growth while holding margins. Despite the economic headwinds and challenges in the transportation market, TopMark garnered impressive numbers in Q4/22, exceeding its Q4/21 revenue by 25%. read more

Economic Activity in Services Sector Experiences Growth in January

Economic activity in the services sector grew in January after contracting in December following 30 consecutive months of growth, with the Services PMI registering 55.2%, according to the latest Services ISM Report On Business from the Institute for Supply Management. read more

Class 8 Natural Gas Truck Retail Sales Mixed, Infrastructure Continues to Decline

Sales of natural gas-powered vehicles were mixed in the September to November time period in 2022, according to ACT Research. September activity surpassed its prior-year level by 29%, but both October and November lagged the prior year’s comparisons by 9%. read more

US Trailer Orders End 2022 at Near-Record Levels

December 2022 net US trailer orders of 57,300 units were nearly 46% higher compared to November and 115% above December 2021, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. read more

Used Class 8 Truck Sales Increased 16% M/M in December

According to ACT Research's latest State of the Industry: U.S. Classes 3-8 Used Trucks, used Class 8 retail volumes (same dealer sales) increased 16% month to month in December. read more

Data Sovereignty and Compliance Issues Shaping IT Decisions

New survey results from International Data Corporation (IDC) show that data sovereignty and compliance are now an important factor in shaping IT selection and design decisions. read more

Citizens Business Conditions Index Drops Sharply in Q4/22

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect. read more

CoBank: Inflation is Beginning to Loosen its Grip

According to a report from CoBank, the U.S. economy will progressively slow through the first half of 2023 as fears of a recession remain high. However, with the unemployment rate at a 53-year low and inflation trending lower, forecasts are turning at least a little less gloomy. read more

2023 Global Aviation Sector Outlook: Cautious Optimism Follows Another Disquieting Year

According to a new outlook report, Kroll Bond Rating Agency remains optimistic about the gradual but certain recovery in the aviation markets despite another year of upheaval in economies globally in 2022, which was exacerbated by geopolitical tensions. read more

Monthly Expenditures at Small Businesses Fell by 5% at Height of Inflationary Period in 2022

According to a new study from Biz2Credit, during the recent period of highest inflation, the average monthly expenditure of small businesses fell by 5% from $11,401 in Q1/22 to $10,884 in Q3/22. read more

Equipment Finance Industry Confidence Increases in January

According to the Equipment Leasing & Finance Foundation’s January 2023 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 48.5, an increase from the December index of 45.9. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.