Of Interest

Material Handling Equipment Rental Market to Grow 4.12% by 2022

According to a report from ResearchAndMarkets, the global short-term material handling equipment rental market will grow at a CAGR of 4.12% from 2018 to 2022. read more

Cloud Lending Solutions Named a Top Private Tech Company

Cloud Lending Solutions was named a winner at Red Herring’s Top 100 North America 2018 event, which recognizes North America’s most exciting and innovative private technology companies. read more

United Rentals Partners with Trackunit on Telematics Solutions

Equipment rental company United Rentals partnered with telematics company Trackunit to provide telematics solutions for United Rentals’ fleet. read more

Fifth Third Beat Out BMO Harris’ Higher Offer to Buy MB Financial

Crain’s Business Journal reported that Toronto-based BMO Financial Group made a higher offer than Fifth Third Bank to acquire MB Financial, but MB’s board voted to go with the U.S.-based bank. read more

OCC: Q1/18 2018 Bank Trading Revenue Up 62.8% Sequentially

The OCC reported trading revenue of U.S. commercial banks of $8.2 billion in Q1/18, which was $3.2 billion, or 62.8%, higher than the previous quarter. read more

Baker Hughes: June 22 U.S. Rig Counts Up 11.8% Year/Year

According to the June 22, 2018 Baker Hughes rig counts, the U.S. aacounted for 1,052 active rigs, up 111 from 941, or 11.8%, from the rig count on June 23, 2017. read more

Fed: Largest Banks ‘Strongly Capitalized’, Pass Stress Tests

According to the Fed, the nation’s largest banks are strongly capitalized and would be able to lend to households and businesses during a severe global recession. read more

Sandhills, RoviTracker Partner; Dynapac Launches Used Equipment Site

Equipment dealers and rental and leasing companies can now source telematics devices and packages through Sandhills Publishing's Machinery Trader, TractorHouse and Truck Paper. read more

Ritchie Bros. Sells $44MM of Equipment in Houston

Ritchie Bros. Auctioneers sold more than 4,300 equipment items for more than $44 million at its third Houston auction of 2018. read more

Trailcon Leasing Breaks Ground on Second Alberta Facility

Trailcon Leasing began construction on its second facility in as many months when it broke ground on June 19 in Calgary, AB. read more

AED: Groups Warn Tariffs on Allies Will Hurt Equipment Industry

The AED and eight other construction organizations sent separate letters to the Senate and Trump administration opposing the recently implemented tariffs on steel and aluminum imported from Canada, the EU and Mexico. read more

Fed Approves Rule to Prevent Risk Concentration Between Large Banks

The Federal Reserve Board approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. read more

Ritchie Bros. Sells $72MM of Equipment in Edmonton June Auction

Ritchie Bros. sold nearly 7,300 equipment items for more than $72 million in its third Edmonton, AB auction of the year. This marked a 32% increase from the same auction a year ago. read more

EquipmentWatch Launches New Tool for Fleet Managers

EquipmentWatch revealed a new tool aimed at helping contractors better manage their internal fleet of equipment. read more

Baker Hughes Wins Contract for Turbomachinery Equipment in Texas

Baker Hughes will supply turbomachinery equipment for the expansion of Cheniere’s LNG facility in Corpus Christi, TX. read more

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Terry Mulreany
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