June used Class 8 retail volumes (same dealer sales) were 1% higher month over month according to ACT Research. Longer term, volumes dropped 44% year over year and were 34% lower year to date. read more

JUL 29, 2022 - 7:22 am

On Wednesday, the Federal Reserve announced it will raise the federal funds rate to a range between 2.25% to 2.5%, marking a 0.75% jump and its fourth increase this year. read more

JUL 28, 2022 - 7:29 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.3 billion, down 1% year over year from June 2021 and up 10% from $9.4 billion in May. read more

JUL 26, 2022 - 7:22 am

According to the latest release of ACT Research’s for-hire trucking index, volume and pricing is down, with capacity still on the high side, resulting in a lower supply-demand balance in June. read more

JUL 25, 2022 - 7:24 am

According to the Equipment Leasing & Finance Foundation’s July 2022 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 46.1, a decrease from the June index of 50.9. read more

JUL 21, 2022 - 7:31 am

According to the Q3 2022 Equipment Leasing & Finance Industry Snapshot from the Equipment Leasing & Finance Foundation, the U.S. economy will grow by 1.6% in 2022, a marked slowdown from the foundation’s previous estimates. read more

JUL 20, 2022 - 7:19 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, surging inflation, the Fed hiking interest rates into a potential recession and supply chain disruptions remain overarching themes. read more

JUL 20, 2022 - 7:10 am

The 22 Equipment Leasing & Finance U.S. Economic Outlook, released by the Equipment Leasing & Finance Foundation, forecasted equipment and software investment growth of 5.9% in 2022, while annualized GDP growth is expected to slow to 1.6% this year. read more

JUL 14, 2022 - 8:00 am

Utica Equipment Finance completed five transactions totaling $8.13 million in the month of June. read more

JUL 13, 2022 - 7:22 am

According to a new survey of supply chain executives by Carl Marks Advisors, in partnership with SupplyChainBrain, more than half of all respondents don’t expect a return to a more normal supply chain until the first half of 2024 or beyond. read more

JUL 12, 2022 - 7:23 am

According to preliminary data from ACT Research, North American Class 8 net orders in June reached 15,500 units, while Classes 5-7 net orders reached 17,800 units. read more

JUL 6, 2022 - 7:08 am

According to JPMorgan Chase’s 2022 Business Leaders Outlook Pulse survey, just about one in five business leaders (19%) said they’re optimistic about the U.S. economy for the year ahead, the lowest percentage recorded in 12 years of survey data, and down from 75% one year ago. read more

JUN 28, 2022 - 7:48 am

According to ACT Research, domestic demand for heavy trucks in China fell more than 50% year over year in Q1/22, while the tractor market shrank almost 67% and domestic demand for medium-duty trucks dropped 46% compared with Q1/21. read more

JUN 27, 2022 - 7:32 am

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry for May was $9.4 billion, up 16% year over year but down 10% from $10.5 billion on a month-over-month basis. read more

JUN 24, 2022 - 7:40 am

According to ACT Research, May net U.S. trailer orders of 19,445 units were virtually unchanged compared to April, falling just 0.8% month over month. However, May’s order numbers were 93% higher compared with May of 2021. read more

JUN 24, 2022 - 7:30 am