Utica Equipment Finance Completes $8.13MM Transactions in June

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

Supply Chains Unlikely to Stabilize Until First Half of 2024 or Beyond

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

ACT Research: Preliminary Class 8 Net Orders Reach 15.5K Units in June

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

Intensified Economic Challenges Push Business Leaders’ Optimism to Record Lows

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

ACT Research: Demand for Heavy Trucks in China Falls 50% Y/Y in Q1/22

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

May New Business Volume in Equipment Finance Rises 16% Y/Y, Falls 10% M/M

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

ACT Research: US Net Trailer Orders Up 93% Y/Y in May, Largely Unchanged M/M

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

ELFA’s Credit and Collection Manager Surveys Indicate Strong Booking Volume

According to the Equipment Leasing and Finance Association’s recently released Credit manager and collection manager surveys, expectations for booking volume are strong and credit quality is good despite a slight increase in delinquency, which, along with charge-offs, still remains low. read more

Federal Reserve Boosts Federal Funds Rate at Increment Not Seen Since 1994

On Wednesday, the Federal Reserve made its third hike to the federal funds rate in 2022, increasing the rate to a range between 1.5% and 1.75%. According to Yahoo Finance, the 0.75 percentage point increase was “the largest move [the Fed] has made in a single meeting since 1994.” read more

ELFF: Equipment Finance Industry Confidence Rises Slightly in June

According to the Equipment Leasing & Finance Foundation’s June 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) overall confidence in the equipment finance market is 50.9, up from the May index of 49.6. read more

Semiconductor Revenue to Grow 13.7% in 2022 Despite Continuing Supply Chain Challenges

According to International Data Corporation, worldwide semiconductor revenue is expected to reach $661 billion in 2022, a 13.7% year-over-year growth rate following strong 2021 results where revenues reached $582 billion. read more

ACT Research: Chances of a Mild Recession Increasing

According to ACT’s latest North American Commercial Vehicle Outlook, the potential for a mild recession is becoming increasingly likely. read more

Small Business Loan Approval Rates Rise Once More in Ma

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the latest Biz2Credit Small Business Lending Index. read more

ISM: Economic Activity in Hospital Subsector Grows in May

According to the latest Hospital ISM Report On Business from the Institute for Supply Management, economic activity in the hospital subsector grew in May for the 24th consecutive month. read more

Commercial Chapter 11 Filings Increase 34% Y/Y in May

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 330 commercial Chapter 11 filings registered in May 2022, an increase of 34% from the 246 filings in May 2021. read more

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