Of Interest

Driver Turnover Rate at Large Truckload Carriers Rises in Q1/18

According to Bob Costello, the chief economist for American Trucking Associations, the driver turnover rate at large truckload carriers rose in Q1/18. read more

Ryder Places Reservation for Additional 500 Chanje Electric Vans

Ryder reserved 500 new Chanje Energy medium-duty electric panel vans, expanding its North American electric commercial truck rental and ChoiceLease fleet. read more

Ironhorse Funding Raises $30MM of Capital from Crestline Investors

Ironhorse Funding, a financing platform that provides operational and capital support for dealers and distributors in the motorcycle and powersports market, raised strategic financing from Crestline Investors. read more

Ritchie Bros. to Conduct 65+ Farm Auctions Ahead of Harvest Season

During the next two months, Ritchie Bros., will hold a large number of live auctions and online marketplaces, projecting the sale of more than 8,000 farm-related equipment items and trucks. read more

Wells Fargo Awards $12.1MM to Support Diverse Small Businesses

Wells Fargo announced 13 Community Development Financial Institutions around the U.S. were selected to receive $12.1 million in lending capital under the Wells Fargo Works for Small Businesses. read more

CEMC Innovation Summit Commences in Southern California

CEMC, the executive think-tank of leaders in fintech, asset finance and purchase, will be meeting for its second annual Innovation Summit at the Ritz Carlton in Laguna Beach from June 4-6. read more

Baker Hughes: June 1 U.S. Rig Counts Up 15.7% Year/Year

Banker Hughes reported the active U.S. rig count as of June 1, 2018 was 1,060, up 144 or 15.7% compared to the U.S. rig count one year ago when it was 916. read more

Penske Truck Leasing Opens New Facility in North Houston

Penske Truck Leasing opened a new facility in North Houston. The facility offers full-service truck leasing, consumer and commercial truck rental, contract truck fleet maintenance services and connected fleet solutions. read more

ECN Capital Completes Investment in The Kessler Group

ECN Capital completed its strategic investment in The Kessler Group on the terms previously announced. read more

Fairfax Increases Total Investment in Seaspan to $1B

Fairfax Financial Holdings entered into a definitive agreement to invest an additional $500 million of equity in Seaspan through the exercise of two tranches of warrants, increasing its total investment to $1 billion. read more

Ritchie Bros.’ Nashville Auction Features Late-Model Equipment

Ritchie Bros. will hold its next auction in Nashville, TN on June 7. The auction will feature equipment from nearly 100 owners, including a package of late-model gear from Nashville-based Resource Management. read more

Aviation Industry Mourns Passing of Serge Dassault

The EBAA joined with the NBAA in honoring the life and legacy of Dassault Group chairman emeritus and business aviation leader Serge Dassault, who passed away on May 28 at age 93. read more

CIT Northbridge Arranges Credit Facility for Greene’s Energy

CIT Northbridge Credit, the JV financing unit of CIT Group, served as sole lead arranger on a $20 million senior secured revolving and term loan credit facility for Greene’s Energy Group. read more

Marlin’s CEO and CFO to Participate in LD Micro Invitational Conference

Jeffrey Hilzinger and Taylor Kamp of Marlin Business Services will participate in the LD Micro Invitational Conference held June 4-6 in Los Angeles. read more

North American General Aviation Market to Grow 0.71% by 2023

According to ResearchAndMarkets, the general aviation market in North America is expected to register a CAGR of 0.71% and reach $13.55 billion by 2023. read more

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