Truckload Spot Market Decreases

According to ACT Research’s recent release of its Freight Forecast, U.S. Rate and Volume Outlook report, the truckload spot market is bottoming as labor capacity slows. read more

Argosy Private Equity Acquires Vac2Go

Argosy Private Equity, a lower middle-market private equity firm, acquired Vac2Go. This is the seventh investment in Argosy's sixth lower middle-market fund. NewSpring Capital provided mezzanine debt financing and equity coinvest. read more

February New Business Volume in Equipment Finance Rises 11% Y/Y

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25),  which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume in the equipment finance industry for February was $7.9 billion, up 11% year over year from their new business volume in February 2022. read more

Post Road Equipment Finance Provides $46MM Lease Line to Precision Casting Manufacturer

Post Road Equipment Finance provided a $46 million lease line to a global precision casting manufacturer to finance new and existing production equipment. read more

Commercial Finance Partners Finances More Than $150MM in Employee Retention Credits

Commercial Finance Partners has qualified and financed more than $150 million in Employee Retention Credits. The company also has expanded the financing program to include larger credits in excess of $10 million. read more

Pacific West Bank Adds Team to Lead Market Expansion into Vancouver, WA

Portland, OR-based Pacific West Bank added a new team that will lead the bank’s expansion into the Vancouver, WA, market. The new unit includes Robert Greenawald, who will serve as senior vice president and commercial lending team leader. read more

Preliminary Net Trailer Orders Indicate Strong Demand Continues

According to ACT Research, February’s preliminary net trailer orders increased sequentially but were lower against longer-term comparisons, with 25,800 units (25,600 seasonally adjusted) projected to have been booked during the month. read more

Inflation, Supply Chain Disruptions and Labor Shortages Continue to Challenge Restaurants

According to a survey conducted by TD Bank, inflation continues to be the top challenge for restaurants as they look ahead to 2023. Restaurants also cited the labor shortage (32%), supply chain disruptions (16%) and rising interest rates (11%) as factors impacting their businesses. read more

Greenbrier Receives $580MM in Railcar Orders in Q2/23

The Greenbrier Companies received orders for 4,500 new railcars with a value of $580 million during Q2/23. Separately, Greenbrier expects revenue of approximately $1.1 billion in the quarter. read more

Monitor Releases Details for Converge Event, Including Agenda, Panelists and Early Bird Deadline

Monitor, the leading source of information for the equipment finance industry, has announced the details of Converge, an extraordinary two-day event that will be held in Philadelphia from June 14-15. read more

Wintrust Asset Finance to Host Equipment Finance Cares Texas Event in April

Wintrust Asset Finance, a subsidiary of Beverly Bank & Trust Company, will host an Equipment Finance Cares Texas event on April 19 from 1:30 to 7 p.m. (CT) at TPC Craig Ranch in McKinney, TX. The two panels at the event will be the “Human Side of Leasing” and “Best Practices.” read more

SVB Financial Group Files Chapter 11

SVB Financial Group, which is no longer affiliated with Silicon Valley Bank, filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value. read more

Kirby McInerney Files Class Action Lawsuit on Behalf of SVB Financial Investors

Kirby McInerney announced a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired SVB Financial Group securities during the period from June 16, 2021, through March 10, 2023. read more

Bank of America Leads Debt Refinancing for Topgolf Callaway Brands

Topgolf Callaway Brands completed a series of related transactions in support of a plan to refinance its capital structure, including a seven-year, $1.25 billion senior secured term loan B arranged by Bank of America, JPMorgan Chase, MUFG Securities and Truist Securities. read more

Priority One Financial Services Makes 2023 Best Place to Work List

The Tampa Bay Business Journal named Priority One Financial Services, a full-service finance company for marine, RV and trailer dealers, one of the best places to work in the Tampa Bay, FL, region for 2023. read more

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