Of Interest

CNH Industrial Capital Prices $600MM Notes Due 2026

CNH Industrial’s wholly-owned subsidiary, CNH Industrial Capital, priced $600 million in aggregate principal amount of 1.450% notes due 2026, with an issue price of 99.208%. read more

IDC: Worldwide Public Cloud Services Market Totaled $312B in 2020

The worldwide public cloud services market, including software-as-a-service, grew 24.1% year over year in 2020, with revenues totaling $312 billion, according to the International Data Corporation’s Worldwide Semiannual Public Cloud Services Tracker. read more

Fleet Advantage White Paper Details Benefits of Unbundled Lease Agreements

Fleet Advantage released a white paper illustrating the organizational flexibility and financial gains associated with an unbundled lease agreement compared with a full-service lease.  read more

Former Element Fleet Management VP Joins Autonomous Vehicle Company Udelv

Scott Madden joined Udelv, a venture-backed company that produces middle- and last-mile autonomous delivery vehicles, as vice president of sales. Madden previously worked for YourMechanic, Element Fleet Management, Purolator Canada and Federal Express Canada. read more

TuSimple and Navistar Receive Initial Reservations for New Line of Autonomous Trucks

TuSimple, a self-driving technology company based in San Diego, received 6,775 reservations for a new line of purpose-built SAE Level 4 (L4) International LT Series autonomous trucks in partnership with Navistar. read more

Ritchie Bros. Generates $85.81MM From Farm Auctions in Western Canada This Spring

This spring, in 30 days, Ritchie Bros. conducted 71 farm auctions, generating more than C$104 million ($85.81 million) in gross transaction value. read more

ACT Research Partners with KGP for Global Electric Vehicle Study

ACT Research is partnering with Knibb, Gormezano and Partners (KGP) to develop a comprehensive global commercial electric vehicle study. read more

HSBC Introduces Green Deposit Program for Commercial Clients

HSBC introduced a new green deposit program in the United States, giving businesses an option to put cash reserves to work to support decarbonization and a more sustainable future. read more

Ritchie Bros. to Host Canadian Construction & Agriculture Panels on May 10

Ritchie Bros. will conduct two free online discussion panels for the Canadian construction and agriculture industries on May 10. The panels will cover supply/demand metrics, industry trends and macroeconomic issues. read more

ACT: Supply-Demand Balance Tightens as Driver Availability Hits New Low in March

The latest release of ACT Research’s For-Hire Trucking Index, which included March data, showed the Driver Availability Index tightened to another new low point in the past three years. read more

Inovatec Enters Partnership with Carleton

Inovatec integrated Carleton’s CarletonCalcs modules within its JAVELIN software platform, a self-configurable, open API platform designed to eliminate barriers, expedite connectivity and drive enterprise-wide workflow efficiencies. read more

Workhorse Group Appoints Gaul President of Commercial Vehicles

Workhorse Group, a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector, appointed Ryan Gaul to the newly created position of president of commercial vehicles, effective April 22. read more

Corcentric Partners with Beroe to Improve Supplier Risk and Compliance Efforts

Corcentric, a provider of business spend management and revenue management software and services, entered a partnership with supplier risk and compliance provider Beroe. read more

Ritchie Bros. Prepares to Hold its Largest Auction to Date May 3-8 in Edmonton, AB

From May 3 to May 8, Ritchie Bros. will conduct its largest auction ever, selling approximately 14,000 items for more than 1,700 consignors in Edmonton, AB. In more than 60 years, the company has never had this much equipment in one place. read more

Metropolitan Capital Selects IDS’ ABL Technology to Deliver Working Capital Solutions

Metropolitan Capital Bank & Trust selected IDS ABL to support its small to medium business customers in accessing working capital through a technology platform. read more

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