Of Interest

Nearly Two-Thirds of Financial Services Firms Struggle to Integrate Data and Analytics

Nearly two-thirds (63%) of data scientists in financial services firms say their organization is not currently able to combine data and analytics in a single environment, according to new research from Alveo, a provider of managed data services for data mastering and analytics. read more

Dodge Momentum Index Rises 3.1% in January, Indicates Recovery in Construction

The Dodge Momentum Index increased 3.1% in January to 139.4 (2000=100) from the revised December reading of 135.2. The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. read more

Marubeni & Mizuho Leasing Begin Delivery of Zero-Emission Refrigerated Trailers in the U.S.

Marubeni Corporation and Mizuho Leasing Company began delivery of zero-emission refrigerated trailers designed and manufactured by Advanced Energy Machines in the United States to customers in December 2020 through PLM Fleet. read more

Scorpio Bulkers to Change Name to Eneti on Feb. 8

Scorpio Bulkers’ shareholders approved the change of the company’s name to “Eneti Inc.” at the company’s special meeting of shareholders held on Feb. 3, 2021. The name change reflects the company’s previously announced transition away from the dry bulk sector. read more

Daimler Plans to Make Truck and Bus Business a Separate Entity

The supervisory board and the board of management of Daimler has agreed to evaluate a spin-off of its truck and bus business and begin preparations for a separate listing of Daimler Truck. read more

CIT Arranges $165MM Financing for iEnergizer

CIT’s technology, media and telecommunications business served as co-lead arranger and joint bookrunner on a $150 million term loan and $15 million revolving credit facility for iEnergizer, a technology services and media solutions company. read more

TFI International Acquires Fleetway Transport

TFI International acquired Fleetway Transport. Founded in 1983 and based out of Brantford, ON, Fleetway is a provider of truckload and heavy-haul transportation solutions and logistics services. read more

Worthington Industries Sells Oil & Gas Equipment Business to Ten Oaks Group

Worthington Industries sold its oil and gas equipment business to an affiliate of Ten Oaks Group. read more

Ryder’s Truck/Trailer Sharing Program Expands into 3 New Markets

COOP by Ryder, a truck and trailer sharing platform, expanded into California, Tennessee and North Carolina. The expansion extends COOP’s footprint beyond the program’s initial rollout in Georgia, Florida and Texas. read more

Business Owners and Private Equity Firms Expect Wave of M&A Deals in H2/21

An improved public health environment and the possibility of higher capital gains taxes will likely drive increased merger and acquisition activity in 2021, according to a Citizens survey of 700 leaders at U.S. middle market companies and private equity firms. read more

Corporate Knights Ranks BMO Top Sustainable Bank in North America

BMO Financial Group was named to Corporate Knights' 2021 Global 100 Most Sustainable Corporations in the World list and was ranked the most sustainable bank in North America for the second year in a row. read more

Ritchie Bros. Orlando-Based Online Auction to Take Place Feb. 15-20

Ritchie Bros.’ annual online equipment auction in Orlando will take place from Feb. 15 to Feb. 20. The auction, although online, will take place in Orlando for buyers to view and interact with products. read more

Inovatec Systems Deploys New OCR Feature Within Lending Platform

Inovatec Systems’ JAVELIN lending platform now offers OCR (optical character recognition) for automatic document indexing and sorting. read more

Trinity Industries Leasing Company Releases Green Financing Framework

Trinity Industries Leasing Company released its green financing framework, which is supported by a second-party opinion from Sustainalytics, a provider of ESG research, ratings and data. The framework enables Trinity Industries Leasing Company to issue green financing instruments. read more

Textainer Acquires Remaining Interest in TAP Funding, Now Owns 100%

Textainer Limited, a wholly-owned subsidiary of Textainer, acquired the remaining 49.9% interest in TAP Funding, which is owned by TAP Ltd. Following the acquisition, Textainer Limited owns 100% of TAP Funding. read more

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