Of Interest

Ideanomics to Deploy Energy and Charging Stations for Coast Counties Peterbilt

Ideanomics, a company focused on accelerating the adoption of commercial electric vehicles, signed an agreement with Coast Counties Peterbilt to deploy and operate energy and charging solutions at Coast Counties' truck dealerships in California. read more

CarMax Auto Finance Implements New Project with Alfa Systems

Alfa, provider of Alfa Systems, a software platform for auto and asset finance, published a new case study detailing an implementation project with CarMax Auto Finance (CAF), the finance arm of CarMax. read more

Ryder Expands Last Mile Delivery Network

Ryder System expanded Ryder Last Mile, its customizable, multi-tiered delivery solution for big-and-bulky goods, by opening new distribution centers in the Nashville, TN, and Boise, ID, areas. read more

CNH Industrial Capital Prices $500MM of $3.95% Notes

CNH Industrial Capital, a wholly-owned subsidiary of CNH Industrial, priced $500 million in aggregate principal amount of 3.95% notes due 2025, with an issue price of 99.469%. The offering is expected to close today, subject to the satisfaction of customary closing conditions. read more

Webster Bank Provides Expanded Term Loan, $2MM Capex LOC to Air Industries Group

Webster Bank agreed to expand the size of Air Industries Group’s existing term loan to $5 million and establish a $2 million capital expenditure line of credit to finance future purchases of machinery and equipment. read more

CIT Provides $30MM for Arizona Apartment Complex Acquisition

CIT’s real estate finance business provided $30 million for the acquisition of Madison Grove Apartments, a 171-unit multi-family complex located in the north Phoenix area, by Brass Enterprises. read more

BrightReps Rebrands as FlowEQ, Expands Workflow Acceleration Platform

BrightReps rebranded as FlowEQ and unveiled an expanded solution that goes beyond customer support to help all teams that need to accelerate important recurring workflows. read more

M&T Bank Increases ABLE Equipment Rental’s ABL to $175MM

ABLE Equipment Rental increased its existing asset-based loan with M&T Bank as lead arranger and administrative agent. The $175 million facility is now comprised of a $125 million revolving line of credit along with the original $15 million term loan facility. read more

FIS Develops Embedded Finance Offering with Treasury Prime

FIS developed a new embedded finance offering in partnership with Treasury Prime to help financial institutions meet the growing need for digitally-native banking experiences. read more

United Rentals Invests in Ford Electric Trucks for North American Fleet

United Rentals entered a new agreement with Ford Pro to purchase all-electric vehicles for its North American rental and company fleets. The agreement initially includes orders for 500 F-150 Lightning trucks and 30 E-Transit vans, with 120 of the trucks and all 30 vans to be delivered in 2022. read more

Fleets Are Accelerating Use of Clean Vehicles

According to Gladstein, Neandross & Associates’ third annual State of Sustainable Fleets Market Brief, transportation fleets continued to report a resounding trend — their use of clean fuels and advanced vehicle technologies is rapidly progressing. read more

Penske and Shell Team Up for Electric Truck Charging Initiative

At the Advanced Clean Transportation Expo, Penske Truck Leasing and Shell Recharge Solutions North America revealed a new joint initiative to support light-duty electric vehicle charging at Penske locations. read more

ISM: Manufacturing Economic Activity Remains Positive Despite Labor Shortages

Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

IDC Identifies 10 Technology Trends Transforming Consumer Behavior

As digital transformation takes root across the consumer ecosystem, businesses must expand and deepen their relationships with consumers to better understand their wants, needs and aspirations, according to future consumer research from International Data Corporation. read more

General Bank of Canada’s Mooney Wins 2022 Alexander S. Melvin Award

Gord Mooney, who is retiring from General Bank of Canada this month, was selected as the winner of the 2022 Alexander S. Melvin Award for inspirational and ethical leadership in financial services. read more

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