Of Interest

Earthborne Opens New Facility in Warrington, PA

Equipment and truck dealership Earthborne moved into a new facility on Titus Avenue in Warrington, PA. The 75,000-square-foot facility includes an equipment showroom, a parts department, a temperature-controlled drive through and service center, and more. read more

U.S. Loses 140K Jobs in December, Primarily in Leisure and Hospitality

According to the U.S. Bureau of Labor Statistics, there were 10.7 million unemployed persons in the U.S. in December, as total nonfarm payroll employment fell by 140,000 and the unemployment rate remained at 6.7%. read more

ISM: Economic Activity in Hospital Subsector Grows in December Despite PPE, Staffing Challenges

Economic activity in the hospital subsector grew in December for the seventh consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

HOLT CAT Acquires Sullair of Houston

HOLT CAT, a Caterpillar equipment and engine dealer in Texas, acquired Sullair of Houston, a fixed and portable compressed air dealer with operations in Houston, San Antonio and Odessa, TX. read more

Lineage Logistics Acquires Cryo-Trans to Offer Refrigerated Railcar Solutions

Lineage Logistics acquired Cryo-Trans, a North American provider of refrigerated and insulated railcars and rail management solutions. This partnership creates an integrated supply chain solution for food and beverage customers. Financial terms of the transaction were not disclosed. read more

IDC Estimates There Was a 9.2% Increase in Used Smartphone Shipments in 2020

International Data Corporation expects that worldwide shipments of used smartphones reached a total of 225.4 million units in 2020. This represented an increase of 9.2% over the 206.5 million units shipped in 2019. read more

AerSale Inducts First of 24 Boeing 757 Aircraft for Passenger-to-Freighter Conversion

AerSale inducted the first of its 24-owned Boeing 757-200 aircraft for passenger-to-freighter (P2F) conversion at its heavy-MRO center in Goodyear, AZ. read more

NACM’s December Credit Managers’ Index Remains Strong

The National Association of Credit Management’s Credit Manager’s Index held strong in December, with a combined score of 57.8, which was down a tenth of a point from November and 0.6 points from October. December’s score is more than three points higher than December 2019. read more

Hart Medical Equipment Acquires McLaren Home Medical Equipment

Hart Medical Equipment acquired McLaren Home Medical Equipment (MHM), formerly known as VitalCare in northern Michigan. The official acquisition date was Jan. 1, 2021. This acquisition furthers Hart's plan to expand geographic coverage. read more

InfraServ Subsidiary Acquires Bobcat Southwest

InfraServ acquired the Bobcat Southwest dealership group. The acquisition will be completed through InfraServ's subsidiary, Gateway Dealer Network, a provider of Bobcat and Doosan-branded industrial equipment sales, parts and service, and rental services. read more

The Pete Store Enters Florida with Acquisition of Palm Peterbilt Truck Centers

The Pete Store completed the purchase of Palm Peterbilt Truck Centers, a truck dealer group with six locations in South Florida, including Miami, Fort Lauderdale, West Palm Beach, Fort Pierce, Clewiston and Fort Myers. read more

Aircraft Passenger Traffic Falls 67% in 2020; Leasing Becoming Primary Way to Finance Aircraft

According to a report from global aviation data firm Cirium, in comparison with last year, airline passenger traffic is estimated to be down 67% in 2020. In addition, Cirium predicted that aircraft leasing will push past 50% in 2021, becoming the major manner in which aircraft are financed. read more

CPA Firms Mobilizing to Support $900B COVID-19 Relief Bill

CPA Firms Mobilizing to Support $900B COVID-19 Relief Bill
With the recent enactment of emergency coronavirus relief, which includes renewed PPP funds and related assistance, new regulations will be in place early in the new year, according to the AICPA and its business and technology arm, CPA.com. 
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AICPA White Paper Helps Auditors Conducting SOC Engagements for Organizations Using Blockchain

The AICPA released a white paper that examines the skills and competencies auditors need to perform SOC for Service Organization reports on organizations that have incorporated blockchain into their service delivery systems. read more

Visual Lease Named One of the Fastest Growing Companies in New Jersey

Visual Lease, a provider of lease accounting and management software, was named No. 10 on NJBIZ’s list of New Jersey’s 50 Fastest Growing Companies in 2020. read more

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