Of Interest

Relevant Rental Acquires Surplus Group, Rebrands as Critical Rental Solutions

Relevant Rental acquired Surplus Group, a supplier of temperature control equipment, and concurrently rebranded as Critical Rental Solutions. read more

Production Resource Group Rebrands Equipment Rental Business PRG Gear

Production Resource Group changed the name of its equipment rental brand from VER to PRG Gear. With this move, all the company's business units will operate under the PRG brand name. read more

DT Equipment Closes Series A Financing with Chrysalix Venture Capital

DT Equipment, a developer of next-generation analytics technology for metals production and processing, closed a Series A financing with the new participation of Chrysalix Venture Capital and a follow-on investment from Brunnur Ventures. read more

Fifth Third Bank Joins HBCU Partnership Challenge

Fifth Third Bank joined the Historically Black Colleges and Universities Partnership Challenge, sponsored by the HBCU Caucus. read more

Air Lease’s CFO to Present at Deutsche Bank’s Aircraft Finance & Leasing Conference

Gregory B. Willis, executive vice president and CFO of Air Lease, will be presenting at the Deutsche Bank 10th Annual Aircraft Finance & Leasing Conference on Sept. 9 at 2:45pm ET. read more

Maxim Crane Works Acquires Assets of NCSG Crane and Heavy Haul in Montana

Maxim Crane Works acquired the assets and locations of NCSG Crane and Heavy Haul in Montana. read more

ATSG Subsidiary Wins Contract for Flower Sortation System

Air Transport Services Group’s subsidiary TriFactor Solutions was awarded a contract to design and install a multi-divert sortation system in Xenia, OH, for Passion Growers of Miami. read more

IDC: U.S. Workforce Will be 60% Mobile by 2024

According to IDC, the U.S. mobile worker population will grow at a steady rate over the next four years, increasing from 78.5 million mobile workers in 2020 to 93.5 million mobile workers in 2024. IDC expects mobile workers will account for nearly 60% of the total U.S. workforce by 2024. read more

MUFG: Strong Rebound in Project Finance Led by Renewables, Swelling Infrastructure Funds

Project finance in the United States has staged a vigorous recovery — aided by the ability of banks to provide liquidity, low funding costs and a more liquid bond market — since the initial dampening effect of the COVID-19 pandemic, according to MUFG’s project finance team. read more

ABI: Examining ‘Mothball Motions’ for Bankrupt Retailers During COVID-19 Pandemic

Since the start of the COVID-19 pandemic, courts have alleviated some financial burdens of bankrupt retailers by granting “mothball motions,” allowing companies to shelve post-petition rental payments, according to an article in the August ABI Journal. read more

Penske Truck Leasing Expands Business in Ohio

Penske Truck Leasing is now offering full-service truck leasing and contract truck fleet maintenance in Norwalk, OH, after moving into a new facility in the region in July. read more

IDC: Global Spending on AI to Double by 2024

According to IDC, global spending on artificial intelligence (AI) is forecast to double during the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. read more

Food Logistics Names Rider a Top Third-Party Logistics and Cold Storage Providers

Ryder System, a provider of supply chain, dedicated transportation and commercial fleet management solutions, was listed among Food Logistics’ Top Third-Party Logistics and Cold Storage Providers for 2020.  read more

Construction Equipment Market to Surpass $100B by 2027

According to a report from Allied Market Research, the global construction equipment rental industry was pegged at $90.99 billion in 2019 and is expected to reach $106.42 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027. read more

Locomation & Wilson Logistics Complete Autonomous Freight Delivery Pilot Program

Locomation completed its first-ever on-road pilot program transporting commercial freight via an Autonomous Relay Convoy in partnership with Wilson Logistics. read more

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