Equipment Sector

Encina Provides $20MM Equipment Lease Line to Food Manufacturing Co

Encina Equipment Finance has provided a $20 million equipment lease line to a food manufacturing company. read more

Ritchie Bros.’ to Conduct Five-Day Edmonton Auction with Online Bidding Only

Ritchie Bros.' five-day Edmonton, AB auction will have no in-person bidding due to COVID-19 related crowd size restrictions. read more

ACT: COVID-19’s Impact on N.A. Commercial Vehicle Market

The North American commercial vehicle market addressed the pandemic with shutdown announcements, but also prepared readers for the restarting phase to come. read more

ACT: March Used Truck Metrics Flat M/M, Longer-Term Sales Up 5% Y/Y

Used Class 8 same dealer sales volumes dropped 1% month-over-month in March, with longer-term sales rising 5% year-over-year, according to ACT Research. read more

Boeing Scraps Plans to Buy Embraer Commercial Jets Division

Reuters reported that Boeing scrapped its plan to purchase Embraer’s commercial jets division for $42. billion. read more

KBRA: Lessors Will be Tested by Post Pandemic Aircraft Returns

Kroll Bond Rating Agency research indicated that aircraft values and lease rate declines will be contingent on the speed of economic recovery and the path that surviving airlines take in deciding the composition of their fleets post-coronavirus. read more

ACT Research: COVID-19 Impacting CV Markets, but What’s Next?

The pervasive negative impact of the COVID-19 pandemic has forced a major downward shift on ACT Research’s views of the heavy-duty market for 2020. read more

Ritchie Bros. Sells $43MM+ of Equipment in Houston-Based Online Auction

Ritchie Bros. sold more than 4,400 equipment items and trucks, totaling over $43 million, in an online auction based in Houston, TX. read more

ACT: Class 8 Natural Gas Truck Retail Sales Up 29% YTD Through February 2020

Class 8 Natural Gas truck retail sales for the first two months of 2020 gained 29% year-to-date over 2019, according to ACT’s Alternative Fuels Quarterly. read more

ACT For-Hire Trucking Index Volumes Lowest in Survey’s 10-Year History

ACT’s For-Hire Trucking Index showed further contraction for both volumes and freight rates, now at 42.4 and 43.2 respective diffusion index readings. Productivity, while neutral at 50.0, likely was supported by the temporary pantry-stocking phenomenon. read more

ACT: March CV Data Transitional, Full COVID-19 Impact Not Visible in Data

Truck transportation showed relatively strong performance on restocking activity into the end of March, making ACT Research’s data largely transitional. read more

Class 8 Funding Partners with LTi to Implement ASPIRE Platform

LTi Technology Solutions partnered with Class 8 Funding to implement the ASPIRE platform into its business. read more

ACT: U.S. Trailer Net Orders Dropped 43% M/M, 51% Y/Y

March net U.S. trailer orders of 7,600 units were down 43% month-over-month and 51% below the previous year, according to ACT Research. read more

JD Power: Class 8 Pricing Changing Rapidly

Analysts from J.D. Power Valuation Services reported that Class 8 pricing pulled back in the second half of March, but volume was solid. Medium duty trucks were lower across the board in volume and pricing. read more

Maxim Commercial Capital Funds 250 Businesses in Q1/20

Maxim Commercial Capital funded hard asset-secured financings for 250 small and mid-sized businesses during the first quarter of 2020. read more

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