According to ACT Research, preliminary North American Class 8 net orders in February were 23,600 units, up 13% year over year and 27% month to month, while Classes 5-7 net orders were 17,500 units. read more

MAR 3, 2023 - 6:59 am

According to Solifi’s 2023 Global Leasing Report, there was a promising 9.3% increase in new business volume in the leasing industry in 2021. The report also showed the leasing industry has grown 84% in the past decade. read more

MAR 2, 2023 - 7:25 am

Honour Capital provided $10 million in fair market value financing to a multi-state company that provides consulting services related to real estate, energy, infrastructure and environmental management issues. read more

MAR 2, 2023 - 7:22 am

United Capital Funding Group recently provided a $3 million accounts receivable facility to a Tennessee-based commercial printing company in partnership with KLC Financial, which issued a $275,000 equipment loan to the client. read more

MAR 2, 2023 - 7:20 am

First Citizens Bank celebrated its 125th year in business on March 1. The company will recognize the milestone throughout the year. read more

MAR 2, 2023 - 7:13 am

According to ACT Research, used Class 8 retail volumes (same dealer sales) increased 12% month to month in January. Average mileage increased 8% month to month, with average price down 7% and age up 1%. read more

MAR 2, 2023 - 7:11 am

Verdant Commercial Capital recorded $551 million in originations in 2022, an increase of 42% over 2021. read more

MAR 1, 2023 - 7:17 am

Aircastle closed on a new $300 million unsecured revolving credit facility with Mizuho Bank. The facility has a term of up to two years. read more

MAR 1, 2023 - 7:09 am

According to ACT Research, supply chain concerns still linger, with some manufacturers sharing that they see no short-term improvement in sight. Most trailer makers expect demand to continue exceeding capacity through the end of 2023. read more

MAR 1, 2023 - 7:04 am

MassMutual plans to transition MassMutual Asset Finance and its direct private investments division, which provides fund financing, to Barings, an investment manager and subsidiary of MassMutual. read more

FEB 28, 2023 - 7:28 am

According to the Equipment Leasing and Finance Association, construction, machine tools, medical, trucks/trailers and high technology/computers will be the leading equipment sectors for 2023 based on portfolio performance. read more

FEB 28, 2023 - 7:26 am

Ritchie Bros. sold more than 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value. read more

FEB 28, 2023 - 7:19 am

MidCap Financial completed an acquisition of a significant portion of Sector Financial’s managed healthcare asset-based lending portfolio, totaling more than $500 million in commitments and more than $300 million in funded assets. read more

FEB 28, 2023 - 7:17 am

Stonebriar Commercial Finance closed a $22 million sale and leaseback on a new manufacturing plant and associated equipment that has the capacity to produce 100 million pounds of protective coating for the automotive original equipment manufacturer and aftermarket space. read more

FEB 27, 2023 - 7:04 am

Arvest Bank launched its first product running on cloud-native core banking technology provided by Thought Machine. The equipment finance lending product, which launched in October 2022, was built, tested and delivered by Arvest in fewer than nine months. read more

FEB 27, 2023 - 7:00 am