October U.S. Trailer Orders Up 83% M/M, 171% Y/Y

According to ACT Research, October net U.S. trailer orders of 47,860 units were 83% higher compared to September, up 57% on a seasonally-adjusted basis and 171% above last year's October level. read more

Equipment Finance New Business Volume Rises 6% Y/Y in October

According to Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), new business volume in the equipment finance industry for October was $11.3 billion, up 6% year-over-year from new business volume in October 2021. read more

WSFS Study Finds 45% of Small Businesses Considering Equipment Purchases

According to a study from WSFS Bank examining Mid-Atlantic small business trends, nearly half of respondents (45%) are considering new loans to reinvest in their businesses by purchasing equipment. read more

Equipment Finance Industry Confidence Eases Further in November

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 43.7, a decrease from the October index of 45. The ELFF has reported a decrease in its confidence index in each of the last three months.  read more

Biz2Credit Small Business Study Finds IT Companies Ahead in Most Measures

A new study published by Biz2Credit found that information technology (IT) firms had the highest average revenue ($955,793) and the best average credit score (658) and received the highest average amount of financing ($131,743) when they sought credit in 2021. read more

United Rentals Enters Agreement to Acquire Ahern Rentals for $2B

United Rentals entered into an agreement to acquire the assets of the family-owned Ahern Rentals, founded in 1953, for roughly $2 billion in cash. The transaction is expected to close before the end of 2022. read more

Fleet Industry’s $75B Can Convert Electric Vehicles

AlixPartners, the global consulting firm, released an analysis of the commercial and governmental fleet industry in the United States, finding that operators could be wasting upwards of $75 billion. read more

Global Interest Rates Rising Faster, Pivot Unlikely in 2023

According to Fitch Ratings’ September 2022 Global Economic Outlook, global interest rates have risen more rapidly than expected in the past two months and a pivot back towards rate cuts in 2023 is unlikely. read more

ACT Research Reports Slightly Lowered Forecasts as Fed Continues to Raise Rates

In the latest release of its Commercial Vehicle Dealer Digest, ACT Research reported slightly lowered forecasts due to the Federal Reserve’s continued action toward inflation, which it says is disproportionally impacting the freight economy. read more

KBRA Assigns Preliminary Ratings to Stonebriar’s 10th Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to nine classes of notes issued by SCF Equipment Leasing 2022-2, representing the 10th equipment ABS sponsored by Stonebriar Commercial Finance.  read more

Federal Reserve Boosts Federal Funds Rate for Sixth Time in 2022

In its latest move to tame inflation, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 3.75% and 4% on Wednesday, marking the sixth increase this year. read more

Risk Management Soars Past Revenue Growth as Top Priority for Finance Leaders

According to U.S. Bank’s 2022 CFO Insights Report, finance leaders’ priorities have shifted as they work to help guide their firms through choppy waters, with risk identification among the most cited top priorities among survey respondents. read more

M&A Forecast Strong Despite Rising Interest Rates

According to a new Grant Thornton survey of merger and acquisition professionals, 72% of respondents expect deal volume to increase over the next six months despite rising interest rates threatening access to capital and uncertainty about a potential increase in capital gains taxes. read more

Ritchie Bros. Generates More Than $73MM at Edmonton Auction

Ritchie Bros. attracted more than 16,500 bidders to compete for more than 10,000 items, generating more than C$99+ million ($73 million) in gross transaction value at its fifth Edmonton, AB, auction of the year. read more

TopMark Funding Closes Q3 with Record-Setting Growth

TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, experienced record-setting growth as it closes out the last three months of the year. In Q3/22, TopMark Funding exceeded its revenue goal by 27%. read more

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