Paul Bent and Patricia Voorhees of The Alta Group will share their expertise on legal issues impacting the equipment leasing industry at the Equipment Leasing and Finance Association’s 2023 Legal Forum, which will take place May 7 to May 9 in Fort Myers, FL. read more

APR 26, 2023 - 7:08 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports on a cross section of the $1 trillion equipment finance sector, overall new business volume for March was $10.4 billion, down 2% year over year. read more

APR 25, 2023 - 7:17 am

Channel entered into a new $75 million credit facility with Truist. The $75 million commitment provides financing for both working capital and equipment finance originations. read more

APR 25, 2023 - 7:16 am

LeaseWorks, a provider of cloud-based solutions and services, launched LeaseWorks Utilization Tracker, a new tool within the Aeris MATCH software ecosystem that aids aircraft leasing companies in collecting and analyzing aircraft utilization data from airline customers. read more

APR 24, 2023 - 7:23 am

United Rentals introduced JuiceBox mobile power generators to its equipment rental fleet. The generators, which United Rentals acquired from Evergreen Mobile Power, can be powered by propane or natural gas, providing a low-emissions alternative to diesel machines. read more

APR 24, 2023 - 7:06 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, the trucking industry demand was quite healthy in March, despite the turmoil experienced in the banking sector and yet another interest rate increase. read more

APR 24, 2023 - 6:57 am

Mitsubishi HC Capital America has dedicated additional resources aimed at helping clients meet their own clean energy goals through its integrated sustainable development group, which has team members based across the United States and Canada. read more

APR 21, 2023 - 6:58 am

According to ACT Research, March’s preliminary net trailer orders decreased sequentially and were lower against longer-term comparisons, with 16,800 units projected to have been booked during the month. Final March results will be available later in April. read more

APR 21, 2023 - 6:47 am

According to the recently released Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) by the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 47, a decrease from the March index of 50.3. read more

APR 20, 2023 - 6:57 am

EquipmentShare completed a $290 million funding round led by funds affiliated with BDT Capital Partners. This round also included participation from existing investors, such as RedBird Capital Partners, Tru Arrow Partners and Sound Ventures. read more

APR 20, 2023 - 6:48 am

First Citizens Bank’s real estate finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, FL. read more

APR 20, 2023 - 6:44 am

Equipment and software investment growth cooled in the early months of 2023, with the Equipment Leasing & Finance Foundation lowering its annual forecast for investment growth to 1%, according to the Q2 update to its 2023 economic outlook. read more

APR 19, 2023 - 6:57 am

MMP Capital funded more than $65 million for customers in Q1/23, marking a 20% year-over-year increase compared with the same period in 2022. read more

APR 19, 2023 - 6:46 am

Tamarack Technology and Sandhills Global entered a partnership that will provide Tamarack with access to Sandhills’ market value asset data, which can be analyzed by AI technology to improve portfolio performance. read more

APR 19, 2023 - 6:44 am

Maxim Commercial Capital reported year-over-year growth during Q1/23, as the private finance company closed nearly three times more truck financing transactions in Q1/23 than in Q1/22. read more

APR 19, 2023 - 6:42 am