Of Interest

PLM Fleet to Add QR Codes to Trailers to Enhance Service Request Process

PLM Fleet, a fleet management company, will begin adding QR codes on all its trailers, giving suppliers an easy access point for updates, while customers will gain the ability to request services, track repairs to completion and gain access to trailer licensing and registration. read more

Wall Street Journal Names United Rentals One of America’s Best-Managed Companies

The Wall Street Journal included United Rentals on its Management Top 250 List, developed by the Drucker Institute, which recognizes companies for “doing the right things well.” read more

Chase to Hire More Than 500 Small Business Bankers Through 2024

Chase plans to hire more than 500 small business bankers over the next two years as part of the firm’s ongoing efforts to expand small business relationships and increase access to credit, advice and education. read more

New Bankruptcy Filings on the Rise Across Most Chapters

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, new bankruptcy filings were up year over year across Chapters 7, 11, 13 and 15 in January. read more

Willis Lease Finance Expands Aircraft Base Maintenance Offerings

Willis Lease Finance announced its UK subsidiary, Willis Aviation Services Limited (WASL), expanded its service offerings to include UK CAA base maintenance approvals for the Airbus A320 family, Boeing 737NG, ATR 42/72 and Embraer 135/145 aircraft. read more

First Citizens Bank Arranges $65.7MM in Financing for Apartment Development

First Citizens Bank's real estate finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A multifamily project in Redmond, WA. read more

Federal Reserve Boosts Interest Rates, Says ‘Inflation Has Eased Somewhat’

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.5% and 4.75%, marking a quarter point increase. The move was less drastic than its seven rate increases in 2022, with all but one of those lifting rates by three quarters of a point. read more

First American Named to 2023 Top Workplaces USA List 

First American Equipment Finance announced it earned the 2023 Top Workplaces USA award, issued by Energage. This is First American’s third time being name to this nationwide list. This year, it came in at No. 6.  read more

Penske Truck Leasing’s Penske Driver App Gets Certification of Electronic Logging Device in Canada

Penske Truck Leasing, a global transportation services provider, announced its Penske Driver mobile application has been certified as an electronic logging device (ELD) in Canada. The app provides real-time visibility into driver performance, allowing fleet managers to track driver productivity. read more

Wolters Kluwer ELM Solutions and Equitable Recognized as 2022 ACC Value Champions

The Association of Corporate Counsel (ACC) recognized Wolters Kluwer ELM Solutions and its client, Equitable, as 2022 ACC Value Champions. A financial services and insurance company, Equitable was celebrated for its implementation of two ELM Solutions products. read more

Ritchie Bros. Receives $500MM Investment from Starboard Value

Ritchie Bros. entered into a securities purchase agreement with Starboard Value and certain of its affiliates pursuant to which Starboard will make a concurrent $485 million convertible preferred equity and $15 million common share investment in Ritchie Bros. read more

Former GE Capital Exec Quindlen Elected Vice Chair of Villanova’s Board of Trustees

Thomas M. Quindlen, who recently retired as executive vice president and CEO of the diversified value and lifestyle group at Synchrony Financial (formerly GE Capital Retail Finance), was elected vice chair of Villanova University’s board of trustees. read more

CoBank: Inflation is Beginning to Loosen its Grip

According to a report from CoBank, the U.S. economy will progressively slow through the first half of 2023 as fears of a recession remain high. However, with the unemployment rate at a 53-year low and inflation trending lower, forecasts are turning at least a little less gloomy. read more

2023 Global Aviation Sector Outlook: Cautious Optimism Follows Another Disquieting Year

According to a new outlook report, Kroll Bond Rating Agency remains optimistic about the gradual but certain recovery in the aviation markets despite another year of upheaval in economies globally in 2022, which was exacerbated by geopolitical tensions. read more

Textron Names Atherton COO of Bell, Hammoor President and CEO of Textron Systems

Textron named Lisa Atherton, president and CEO of the Textron Systems segment, to a new role as chief operating officer of the Bell segment. Tom Hammoor, who most recently led Textron Aviation Defense, will succeed Atherton as president and CEO of the Textron Systems segment. read more

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