Of Interest

Home Prices Rise Three Times Faster than Rents

According to a new analysis by realtor.com, costs of buying a home have risen by 14% over the past year. This is more than three times the 4% increase in monthly rental costs. read more

Alta Speakers to Address Industry Topics at ELFA Philly Conferences

Three companies will present their real-life case studies about the benefits and challenges of data analytics for improving sales originations, servicing and end-of-term at the ELFA Operations & Technology Conference in September. read more

Bloomberg: Fed Rate Increases No Longer Look Certain

Fed officials interviewed last week reinforced the notion the Fed will raise rates in September and Decembers. However, judging from a headline speech by Chairman Jerome Powell, Bloomberg notes this path may be far from certain. read more

Iconiq to Partner with Amazix to Advocate for Blockchain

Iconiq Holding will enter a strategic partnership with community management and engagement firm AmaZix to enhance its ability to bridge the traditional investment space and crypto economy. read more

Baker Hughes: U.S. Rig Count up 11% Year/Year

According to the latest report from Baker Hughes on the U.S. oil rig count, there were 1,044 rigs counted on August 24, 2018, up 11.1% from the 940 rigs counted on the same day one year ago. read more

Leveraged Loan Buyers Demand Better Terms

Bloomberg reported money managers are beginning to demand better rates and are avoiding riskier deals, as illustrated by a $1.475 billion loan for the buyout of chemicals company SI Group. read more

AAR Reports Rail Traffic Volume Up 1.7% YTD

The AAR reported that for the first 33 weeks of 2018, U.S. railroads had a cumulative volume of 8,626,033 carloads, up 1.7% from the same point last year. read more

Ritchie Bros. Sells $44MM of Equipment at Houston Auction

Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its latest Houston unreserved auction. read more

Bestpass Launches Toll Solution for Trailer Rental & Leasing Companies

Bestpass announced a new trailer pay-by-plate solution to help trailer rental and leasing companies avoid costly violations while also facilitating the seamless management of incurred toll costs. read more

Greenbrier and Watco Discontinue GBW Railcar Services Venture

The Greenbrier Companies and Watco Companies entered an agreement to discontinue their GBW Railcar Services railcar repair joint venture. read more

Element Fleet Management Makes Minority Investment in Amerit

Amerit Fleet Solutions closed a majority investment from Ridgemont Equity Partners and a minority investment from Element Fleet Management. read more

GovPlanet Schedules First Live Auction

GovPlanet will host its first-ever live auction on September 5. The auction is being held for the Pennsylvania Department of General Services and will feature more than 350 equipment items and trucks. read more

ATA Reveals Trucking Industry Revenues Topped $700B in 2017

American Trucking Associations reported that the trucking industry generated $700.1 billion in annual revenue in 2017, marking 79.3% of the nation’s freight bill. read more

Sandhills Publishing Launches Online Marketplace for Oilfield Equipment

Sandhills Publishing launched OilfieldTrader.com, a website connecting buyers and sellers specifically in the market for oilfield equipment. read more

Sheffield Financial, GOLDPoint Systems Enter Multi-Year Retail Financing Contract

Sheffield Financial, a division of Branch Banking and Trust Company, signed a five-year agreement with GOLDPoint Systems effective immediately. read more

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Terry Mulreany
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