Equipment Sector

ATA Truck Tonnage Index Falls 1% M/M in March

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index slipped 1% in March, following a 0.1% decline during February. read more

ACT: Trailer Orders Up 45% Y/Y, Index Reaches Highest Level Since 2014

ACT’s preliminary estimate for March net trailer orders is 21,500 units, while its For-Hire Trucking index soared to the highest level (71.1) since March of 2014. read more

Material Handling Equipment Market to Pass $190B by 2024

According to a new report from Global Market Insights, the material handling equipment market size is poised to surpass $190 billion by 2024. read more

Air Lease Places Two Boeing 737 MAX 8s with MIAT Mongolian Airlines

Air Lease announced the long term lease placement of two new Boeing 737 MAX 8 aircraft with MIAT Mongolian Airlines. read more

Penske Truck Leasing Launches Connected Fleet Solutions

Penske Truck Leasing announced the launch of its new connected fleet solution which can connect with virtually any truck and engine configuration or telematics service provider. read more

Toshiba Medical Names Skyba Director of Ultrasound Business Unit

Dan Skyba was named director of Toshiba Medical’s ultrasound business unit. Skyba previously worked at SuperSonic Imagine and Philips. read more

Volvo Group Brand UD Trucks Launches New Flagship Truck

UD Trucks, one of Volvo Group brands, announced the launch of the all-new Quon, a heavy-duty flagship truck. read more

Material Handling Systems Recapitalizes in Partnership with PE Firm

Material Handling Systems entered into an agreement to recapitalize in partnership with private equity firm Thomas H. Lee Partners, making THL the majority owner of MHS. read more

TAB Bank Provides $29.1MM in Trucking Equipment Loans in Q1/17

TAB Bank provided $29.1 million in trucking equipment loans for 336 transportation companies during Q1/17. read more

North American Railcair Leasing Market to Reach $15.72B by 2021

According to technology research and advisory firm Technavio, the railcar leasing market in North America will grow to $15.72 billion by 2021, increasing by a CAGR of 9% during the forecast period. read more

ATSG West Leasing to Convert Two 737-400s for China Based Airline

Air Transport Services announced its ATSG West Leasing subsidiary acquired and will lease two converted B737-400s to China-based Okay Airways. read more

U.S. Cutting Tool Consumption up 4.5% YTD in February

February U.S. cutting tool consumption totaled $174.98 million, up 1.1% from January’s $173.05 million and up 0.6% year over year. 2017 is up 4.5% when compared with 2016. read more

Short Term Trucking Forecast Positive but Recession Looms

According to Transport Topics, citing comments made by FTR economist Noel Perry, improved profits are on the horizon for truckload carriers in late 2017, but not at the levels seen earlier this decade. read more

Bombardier Delivers Global 6000 Business Jet to Zetta Jet

Singapore-based Zetta Jet took delivery of a Global 6000 ultra-long range business aircraft from Bombardier. read more

Global Jet Capital: 80% of Asia Pacific Business Jets Financed

According to AIN online, a new report from Global Jet Capital notes up to 80% of the 450 private jets delivered to the Asia Pacific region between 2012 and 2016 were acquired using external financing sources. read more

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