Industry

BNSF Railway Invests $1.5B+ to Construct New Rail Facility in Southern California

BNSF Railway will invest more than $1.5 billion to construct a state-of-the-art master-planned rail facility in Southern California with the first being developed by a Class 1 railroad. read more

Civista Bank Signs Purchase Agreement to Acquire Vision Financial Group

Civista Bancshares, signed a definitive stock purchase agreement allowing Civista to acquire all issued and outstanding shares of Vision Financial Group, a privately held, independent, full-service general equipment leasing and financing company based in Pittsburgh. read more

Abacus Finance Provides Senior Debt Facilities to Automated Handling Solutions

Abacus Finance served as senior secured credit facilities administrative agent and sole lender for senior secured credit facilities supporting the financing of Automated Handling Solutions by May River Capital. read more

Insight Financial Services Achieves Recertification of SOC 1 Type 2 Audit

Insight Financial Services (IFS), a division of Insight Investments, achieved its seventh consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 Audit. read more

New ELFF Report Examines Changing Workplaces

The Equipment Leasing & Finance Foundation (ELFF) released the 2022 Industry Future Council (IFC) report, “Adapting to Changing Workers and Workplaces”. read more

Solifi Wholesale Finance Releases Latest SaaS Solution

Solifi, a global fintech software partner for secured finance, released its latest version of Solifi Wholesale Finance SaaS solution. read more

Sonepar Chooses Penske Truck Leasing to Supply New Ford E-Transits

Sonepar selected Penske Truck Leasing to provide its new light-duty electric fleet. Penske Truck Leasing will deliver nine Ford E-Transit all-electric cargo vans to support the initiative. read more

Equipment Finance Cares Hosts Industry Event in Plymouth, PA

Equipment Finance Cares (EFC) held an event last week at Auxilior Capital PArnters' new office in Plymouth Meeting, PA. The event hosted more than 50 equipment finance professionals from 30 different organizations and offered two industry thought leading panels. read more

SMBC Closes and Leads $1.28B Project Financing for QTS Realty Trust

SMBC, a member of SMBC Group, closed and led a $1.28 billion financing for QTS Realty Trust (QTS) to design and construct a new state-of-the-art data center campus. read more

Eqpme Launches Rental Equipment Damage Protection Program

Eqpme, an online heavy equipment rental marketplace, launched its rental equipment damage protection program across North America as it scales quickly into new markets, including Florida, Pennsylvania and Texas. read more

Bent and Voorhees of Alta Group Set to Speak at ELFA Annual Convention on Oct. 11

Paul Bent, senior managing director and head of legal services and business assessment at The Alta Group, and Patricia Voorhees, a director at The Alta Group, will be presenters at the Equipment Leasing and Finance Association’s 61st Annual Convention from Oct. 9 to Oct. 11. read more

Ritchie Bros. Sells More Than $71MM of Equipment at Auction

At a recent auction in Fort Worth, TX, Ritchie Bros. sold close to 5,000 equipment items and trucks over three days for more than $71 million in gross transaction value, up 25% from the same auction last year. read more

The Globe and Mail Names Inovatec on Canada’s Top Growing Companies List

The Globe and Mail’s esteemed list of Canada’s Top Growing Companies named Inovatec Systems, a provider of cloud-based software solutions for lenders, on its list. The listing was published by The Globe and Mail on Sept. 23. read more

IDC Survey Reports 59% of Senior Business Executives Foresee a Recession

International Data Corporation released a survey of senior business executives from around the world that found that 59% believe there will be a recession in the coming year. read more

ACT Research: Class 8 Tractor Dashboard Improves in July

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard improved in July to a neutral -2 reading, closing out four straight months of downbeat readings.  read more

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