Equipment Sector

ACT 2020 Commercial Vehicle Forecasts Marked Up in July

ACT Research forecasted a commercial vehicle uptick due to $6 trillion in stimulus, better than expected economic activity, boosted freight rates and preliminary June metrics that were well above trend. read more

IHS Markit: Energy Companies Turn to Renewables for Oil and Gas Operations

IHS Markit research revealed that oil and gas field operations are beginning to be fueled by renewable energy to reduce carbon emissions associated with operations. read more

ACT Forecast: Pandemic Creates Driver Shortage, Pulls Rate Cycle Forward

The July ACT Freight Forecast reported that a near-term driver shortage combined with low truck production will see the medium-term trend moving higher on tighter supply and recovering demand. read more

XS Financial Confirms Third Tranche Drawdown with PharmaCann

PharmaCann continues to draw down on its lease with XS Financial, bringing the total to date to approximately $2.8 million for new equipment. read more

IDC: Traditional PC Shipments Up 11.2% Y/Y Amid Global Economic Slowdown

IDC reported that Q2/20 ended well for the traditional PC market with global shipments growing 11.2% year over year and reaching a total of 72.3 million units. read more

Daimler Provides Q2/20 Update, Reports 38% Decline in Truck Sales During H1/20

According to Daimler, truck sales fell by 38% to around 150.000 vehicles in the first six months of 2020 as a result of the COVID-19 pandemic and the already weaker market environment, especially in Europe and North America. read more

Ritchie Bros. Reports Record Bidder Numbers for First Online Auction in Mexico

Ritchie Bros. reported a 17% increase in the number of bidders who took part in its Polotitlán auction in Mexico even though the event was held virtually for the first time. read more

New Fleet Advantage Sale-Leaseback Transactions Total $17MM

Fleet Advantage’s Sale-Leaseback program infuses cash and flexibility with future plans for equipment upgrade. read more

CIT Leads $118.5MM Financing for North Carolina Solar Project

CIT Group’s Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, NC. read more

AdaptHealth Closes $487MM Acquisition of Solara and ActivStyle

AdaptHealth closed acquisitions of Solara Medical Supplies and ActivStyle for a combined total consideration of approximately $487 million. read more

Dow Sells $310MM in Rail Infrastructure Assets to Watco

Dow sold its rail infrastructure assets to Watco at six major sites, including Plaquemine and St. Charles, LA; Freeport and Seadrift, TX; and Ft. Saskatchewan and Prentiss in Alberta, Canada. read more

CANGO Launches Fleet Management Solution with Garrett EWS Software

Garrett Motion partnered with CANGO to launch Fleetcare, a new aftermarket fleet management solution that adds Garrett's Early Warning System (EWS) software to CANGO's existing products and solutions. read more

ACT: Freight Rate Improvements Power Spike in June Class 8 Net Orders

According to ACT Research, preliminary North American Class 8 net orders in June were 16,000 units, rising 139% from May and 23% compared with June 2019. read more

ACT: May Used Truck Sales Volume Down 12% M/M, Price and Miles Up

ACT Research reported used Class 8 same dealer sales volumes dropped 12% month-over-month in May, while price and miles rose 2% and 1%, respectively. read more

ACT: Setbacks for China’s CV Markets in Q1, Some Segments to Improve in Q2

According to ACT Research, China’s commercial vehicle markets suffered a severe setback due to COVID-19, but the truck portion has shown a significant recovery in Q2/20. read more

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