Of Interest

Balboa Capital: Eight in 10 Small Businesses Embrace Remote Work During COVID-19 Pandemic

According to a Balboa Capital survey, eight in 10 small businesses are embracing remote work models. Additionally, business leaders whose companies have remote workers reported improved business outcomes, increased employee engagement and reduced overhead costs. read more

IDS Adds Two Global Tech Firms and a Top 25 U.S. Bank to IDSCloud

IDS, a provider of asset finance technology, exited Q2/20 with the addition of three new customers, including two large technology providers and a top 25 U.S bank, to the IDScloud platform. read more

Alfa Launches Preconfigured Software Platform for U.S. Auto Finance Companies

Alfa, provider of Alfa Systems, unveiled a new, preconfigured edition of its software solution, which was built exclusively for auto finance in the U.S. The new edition is named Alfa Start and delivers the Alfa Systems platform at entry-level cost for U.S.-based auto finance operations. read more

Triumph Group Sells Composites Business to Arlington Capital Partners

Triumph Group entered a definitive agreement to sell its composites operations to Arlington Capital Partners. The composites business provides structural and engine composite fabrications and assemblies across commercial, business jet and defense platforms. read more

White Clarke Group Implements Loan Origination Software With World Finance

World Finance implemented White Clarke Group’s CALMS Loan Origination Software (LOS) to maximize the efficiency of its operations. read more

NationaLease Unveils Winners of 2020 Exceptional Service Awards

NationaLease honored 11 member companies within its network for their excellence and due diligence in providing exceptional reciprocal service to fellow members. read more

Monitor Live+ Racial Equity in Equipment Finance: Black Leaders Speak Open for Registration

Registration is open for Monitor’s next Live+ event, “Racial Equity in Equipment Finance: Black Leaders Speak,” which will be held on Tuesday, Aug. 4 at 1:00 p.m. ET. read more

Northteq and Middesk Partner to Bring SOS Automation to Salesforce

Northteq and Middesk partnered to bring SOS automation to Salesforce.com with their newly launched Business Identity Direct app. ENGS Commercial Finance is one of the first lenders to benefit from the app. read more

Penske Truck Leasing Introduces Remote Service Check-In via Mobile App Upgrade

Penske Truck Leasing introduced remote service check-in via its Penske Driver mobile app. The new feature of the app enables commercial truck drivers to maximize social distancing by remotely checking-in their vehicles for scheduled preventive maintenance or repairs. read more

Fastmarkets Names Ryder Logistics/Transportation Provider of the Year

Ryder System was named the Logistics/Transportation Provider of the Year at the 11th Annual Global Awards for Steel Excellence by Fastmarkets. A panel of senior-level steel experts chose the winners from a pool of 90 finalists in 23 categories. read more

GA Telesis Expands A320neo Flight Hour Support Contract with Air Astana

Air Astana, the national air carrier of Kazakhstan and A320neo launch customer in the CIS, expanded its GA Telesis Flight Hour support contract for its fleet of Airbus A320neo and A321neo aircraft. read more

Mohr Capital Sells HERC Rentals Facility in Fort Worth, TX

Mohr Capital, a Dallas-based, privately-held real estate investment firm, sold the first prototype facility for HERC Rentals in Fort Worth, TX. HERC Rentals is an equipment rental supplier with approximately 275 locations in North America. read more

Many Manufacturers and Distributors Neglect Cybersecurity Prevention Activities

Fewer than 40% of respondents in Sikich's 2020 manufacturing and distribution report said they perform data breach prevention activities. However, nearly half of respondents said their companies experienced cyberattacks during the past 12 months. read more

Hilco Expects Strong Used Chassis Market, Acquisitions as Intermodal Volumes Normalize

Hilco Global issued a report on the impact of diminished import/export volume on the chassis segment of the intermodal industry, how providers and end-users have responded during the current crisis, and the likely path forward for industry recovery. read more

Ritchie Bros. Donates $187,500 to Food Banks

Ritchie Bros. made $187,500 in donations to 52 different food banks around the world, including $85,000 donated to U.S. food banks and $67,500 to Canadian food banks. read more

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