Of Interest

U.S. Equipment Rental Industry Revenue to Exceed $64B in 2022

The American Rental Association projected U.S. equipment and event rental industry revenue to grow consistently on an annual basis, resulting in total revenue of $64.1 billion in 2022. read more

China Dominates Global Bank Rankings; Wells Fargo Loses No. 10 Spot

According to a report from S&P Global, Chinese banks collectively hold the largest share of total assets held by the top 100 global banks. Credit Agricole replaced Wells Fargo in the No. 10 slot by $165 million. read more

WTO Rejects Vast Majority of U.S. Claims in Airbus Dispute

The European Commission welcomed a report in the dispute brought by the U.S. on support to Airbus. The report rejected the vast majority of the U.S. allegations that the EU had not complied with the WTO findings. read more

Fell Changes Name to Scribcor Global Lease Administration

Oak Brook, IL-based Fell Lease Administration changed its corporate name to Scribcor Global Lease Administration. The company is a full-service lease administration company. read more

HSBC, ING Execute L/C Via Blockchain for Cargill

HSBC and ING Bank successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using R3’s Corda scalable blockchain platform. read more

AED Chairwoman Demands Immediate Action on Infrastructure

On the grounds of the U.S. Capitol, AED’s 2018 Chairwoman Diane Benck of West Side Tractor Sales demanded congressional action to invest in the U.S.’ crumbling infrastructure. read more

Blockchain, Collaborative Robots Among the Top Trends for Manufacturing

Infiniti Research said IoT in B2B manufacturing, collaborative robots, blockchain and the rise of cybersecurity risks are the most critical upcoming trends in the manufacturing industry. read more

Penske Truck Leasing Opens New Facility in Zelienople, PA

Penske Truck Leasing opened a new facility in Zelienople, PA. The site contains three service bays, one wash bay and a diesel fuel island in a 13,200-square-foot building on 5.4 acres. read more

Ritchie Bros. to Sell More Than 2,100 Items at May IronPlanet Auction

Ritchie Bros. will host another IronPlanet online event on May 24, selling more than 2,100 items from sellers across North America. read more

Global General Aviation Market to Grow 0.72% by 2023

According to a report from ResearchAndMarkets, the global general aviation market was valued at $21.1 billion in 2017 and is estimated to register a CAGR of 0.72% from 2018 to 2023. read more

Uber Eyes eVTOL Aircraft as Future Taxis

The Corporate Jet Investor noted that Uber is interested in the potential of a vertical take-off and landing aircraft. read more

LendingTree to Acquire Ovation Credit Services

LendingTree entered into a definitive agreement to acquire Ovation Credit Services, a provider of credit services that helps consumers repair their credit ratings. read more

Cat Financial Floats $2 Billion of Medium Term Notes

According to recent SEC filings, Cat Financial has issued a series of fixed and floating rate medium term notes totaling $2 billion. read more

ECN Capital Signs Agreement to Make Investment in The Kessler Group

ECN Capital entered into a definitive agreement to make a strategic investment in The Kessler Group. Under the terms of the agreement, ECN Capital will invest $221.2 million in KG. read more

Total, Clean Energy Partner on Natural Gas HD Truck Leasing Program

Total SA and Clean Energy Fuels entered into an agreement, which includes a plan to launch a leasing program for new natural gas heavy-duty trucks. read more

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