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

NOV 11, 2022 - 7:23 am

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

NOV 11, 2022 - 7:21 am

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

NOV 7, 2022 - 6:48 am

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

NOV 4, 2022 - 7:06 am

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

NOV 3, 2022 - 7:22 am

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

NOV 2, 2022 - 7:12 am

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

NOV 2, 2022 - 7:09 am

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

NOV 2, 2022 - 7:08 am

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

NOV 1, 2022 - 7:12 am

Phoenix Management’s “Lending Climate in America” survey results reveals the impact inflation is having on global economic conditions and consumer spending. read more

OCT 31, 2022 - 7:01 am

Merchants Financial Group achieved net income of $22,114,264 through the first three quarters of 2022, according to Gregory M. Evans, president and CEO of the company.  read more

OCT 28, 2022 - 7:21 am

LeasePoint Funding Group generated more than $35 million in originations during Q3/22, marking a 300% increase compared to the same period last year. Four new team members helped facilitate the Q3 increase. read more

OCT 26, 2022 - 7:14 am

MMP Capital exceeded $75 million in funding for customers in both Q2/22 and Q3/22 alone has funded more than $200 million in 20222 overall.  read more

OCT 25, 2022 - 7:19 am

Encina Equipment Finance provided a $15 million lease line to a North American supply chain services company to finance new tractors and trailers. read more

OCT 24, 2022 - 7:21 am

Small business loan approval percentages at small banks (less than $10 million in assets), institutional lenders, alternative lenders and credit unions increased in September compared with August, while approvals at big banks (more than $10 million in assets) declined, according to Biz2Credit. read more

OCT 12, 2022 - 7:08 am