Equipment Sector

UMB Capital Closes $2MM AR Facility with Equipment Transportation Firm

UMB Capital Finance closed and funded a $2 million revolving account receivable credit facility for a transportation company specializing in flat bed equipment hauls. read more

JD Power: Class 8 Retail Pricing Held Up in April

Analysts from J.D. Power Valuation Services reported that in the first full month of sales under the economic shutdown, Class 8 auction volume was relatively healthy, while pricing pulled back. read more

ACT: Preliminary April Net U.S. Trailers Orders Down 97% M/M, 98% Y/Y

Preliminary April net U.S. trailer orders were 250 units, an all-time monthly low for the industry, according to ACT Research. read more

March U.S. Cutting Tool Orders Down 9.8% Y/Y

March 2020 U.S. cutting tool consumption totaled $189.8 million, up 0.9% from February and down 9.8% when compared with March 2019. read more

XS Engages Hybrid Financial to Expand Brand Awareness

Xtraction Services retained Hybrid Financial to heighten market and brand awareness and broaden the company's reach within the investment community. read more

Ritchie Bros. Sells More Than $131MM in Edmonton Online Auction

Ritchie Bros. sold more than 10,700 equipment items for over $131 million in its first-ever online-only auction in Edmonton, AB. read more

U.S. Trailer Production Facing Massive Retrenchment in Production Levels

The U.S. trailer industry has shifted from the production/capacity challenges of the last three years to a massive retrenchment in production levels, according to ACT Research’s Trailer Components Report. read more

Hilco Reports Projected Recovery Timeframe, Valuation Levels for Fleet Assets

A new report from Hilco Global combines trends and market intelligence to provide insight on the recovery path for transportation industry fleet assets in the second half of this year. read more

ACT Freight Forecast: Bottoming Process Begins for Trucking Cycle

ACT’s May Freight Forecast reported container imports falling 20% from January to March, with similar year-over-year declines likely into the summer. read more

9th Annual ASA Virtual Conference to Address Post-Pandemic Success

The ASA’s 9th Annual Equipment Valuation Virtual Conference will spotlight COVID-19 impact and provide key insights and strategies for post-pandemic success. read more

Gartner: Global IT Spending to Decline 8% in 2020 Due to Impact of COVID-19

Worldwide IT spending is projected to total $3.4 trillion in 2020, a decline of 8% from 2019, according to the latest forecast by Gartner. read more

ACT: April Used Class 8 Volumes Down 8% M/M and 5% Y/Y, Up 10% YTD

April preliminary used class 8 volumes fell 8% month over month and 5% year over year but remained 10% above the first four months of last year. read more

KBRA Comments on U.S. Solar Loan ABS Monitoring

Kroll Bond Rating Agency reviewed its outstanding ratings on $2.9 billion of U.S. Solar Loan ABS securities to determine those most at risk to the COVID-19 economic disruption. read more

Xtraction Services Provides PharmaCann Equipment Lease

Xtraction Services entered into a lease agreement with PharmaCann, a privately held and vertically-integrated cannabis company based in Chicago. read more

ACT Forecasts COVID-19 Impact on Global Economies, CV Demand Through 2021

ACT Research predicts commercial vehicle demand will transition in 2021 from COVID-19’s negative impacts into a meaningfully better situation in 2022. read more

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