Global shipments for traditional PCs fell below expectations in Q4/22, as 67.2 million PCs were shipped, down 28.1% from the prior year, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. read more
JAN 13, 2023 - 7:12 am
AP Equipment Financing funded a company record $327 million in 2022, representing 38% year-over-year growth. AP also managed a portfolio of nearly 13,000 contracts and $635 million of receivables. read more
JAN 12, 2023 - 7:14 am
Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. read more
JAN 11, 2023 - 7:21 am
North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, reported its organic lease and loan originations reached an all-time high and financial and operational key performance indicator exceeded all expectations in 2022. read more
JAN 10, 2023 - 7:22 am
According to a new report, DBRS Morningstar has a stable credit rating outlook across U.S. asset-backed securities (ABS) for 2023. Across commercial ABS, DBRS Morningstar reported stable rating outlooks for the agricultural finance and equipment lease sectors, among others. read more
JAN 10, 2023 - 7:19 am
According to a survey from Grant Thorton, although many CFOs expect continued challenges attracting and retaining talent, the top area cited for potential costs cuts was expenses related to employee headcount and compensation. read more
JAN 10, 2023 - 7:17 am
Economic activity in the services sector contracted in December after 30 consecutive months of growth, with the Services PMI registering 49.6%, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more
JAN 9, 2023 - 7:17 am
According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such. read more
JAN 6, 2023 - 7:32 am
Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13% jump from the 1,263 filings recorded in 2021, according to Epiq Bankruptcy. read more
JAN 6, 2023 - 7:19 am
According to Kroll Bond Rating Agency, the delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities rose eight basis points in December to 2.97%, up from 2.89% in November and a low of 2.76% in September. read more
JAN 3, 2023 - 7:06 am
According to ACT Research's latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 retail volumes (same dealer sales) were down 19% month to month in November. read more
DEC 28, 2022 - 7:04 am
The top line on the Class 8 Tractor Dashboard dropped in October to a -3 reading, marking the seventh moderately downbeat reading in eight months, according to ACT Research’s recently released Transportation Digest. read more
DEC 22, 2022 - 7:09 am
The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for November reached $8.6 billion, up 9% year over year from new business volume in November 2021. read more
DEC 21, 2022 - 7:17 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