News

ELFF Report Examines Trucking Sector Opportunities for Equipment Finance Companies

Trucking will represent 73% of total freight tonnage and 79% of the revenue of the entire U.S. freight market by 2034 according to a new study, “Vertical Market Outlook Series: Trucking,” released by the Equipment Leasing & Finance Foundation (ELFF). read more

Canadian Kawasaki Motors Finance Extends Partnership with Solifi

Canadian Kawasaki Motors Finance (CKMFC) has successfully migrated its Canadian operations to Solifi Wholesale Finance. This deployment follows KMFC U.S.’s implementation of the same solution in 2021. read more

Stonebriar Closes Incremental $25MM Secured Term Loan for Lumber Company

Stonebriar Commercial Finance closed an incremental $25MM secured term loan for a regional lumber company. The loan is secured by all production equipment and other assets such as rolling stock, real estate and timber tracts. read more

MH&H Partners Berkoff and Driscoll Named to Lawdragon’s List of Leading Lawyers

Two partners of Moritt Hock & Hamroff (MHH), Leslie Berkoff and Theresa Driscoll, have been recognized by Lawdragon in its 500 Leading U.S. Bankruptcy & Restructuring Lawyers list for 2024. read more

Textron Aviation Unveils the Next Generation of Military Aircrew Multi-Engine Training Aircraft

Textron Aviation, a Textron company, unveiled its new military multi-engine training aircraft — built upon the Beechcraft King Air 260 — which is making its show and European debut at the Farnborough International Airshow (FIA). read more

ACT Research: Q2/24 U.S. Trailer Demand Down 14% Y/Y

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report, June net trailer demand was down, with orders, at 6,300 units, being 19% lower year over year but a mere 275 units above May’s intake. read more

MountainOne Promotes Lauro to SVP, Western Massachusetts Commercial Team Leader

MountainOne promoted Matthew P. Lauro to senior vice president, Western Massachusetts commercial team leader. In this elevated role, Lauro has assumed responsibility for the oversight, management and growth of the bank’s commercial banking activities in Western Massachusetts. read more

CLFP Foundation Makes Significant Updates and Releases New Resources for the Industry

The Certified Lease & Finance Professional (CLFP) Foundation released the 10th edition of the handbook, which has been updated to reflect the profound impact of the COVID-19 pandemic on the industry and the expansion of the Uniform Commercial Code. read more

Trinity Capital Funds Record $474MM in H1/24

Trinity Capital funded a record $474 million of investments in H1/24 and originated $289 million of total new commitments in Q2/24, bringing total new commitments for the first half ended June 30, 2024, to $576 million. read more

Fifth Third Named “U.S. Best Super-Regional Bank” by Euromoney

Fifth Third Bank has been named “U.S. Best Super-Regional Bank” by Euromoney in the magazine’s 2024 Awards for Excellence. read more

Pinnacle Financial Partners Names Sumerlin Chief Credit Officer

Pinnacle Financial Partners named Charissa Sumerlin the firm’s chief credit officer effective immediately. She succeeds Harvey White, who served as interim chief credit officer following the sudden death of Tim Huestis in late 2023. read more

Textron Aviation Bolsters Expands Relationship with Gama Aviation

Textron Aviation, a Textron company, is expanding its relationship with longtime channel partner Gama Aviation. Newly designated as an authorized sales representative, Gama Aviation will now feature special missions variants of the entire portfolio of Cessna and Beechcraft aircraft. read more

ACT Research: June Class 8 Data Reflects Current Market Doldrums

After last month’s anomalous order number, June’s activity offers a more reflective view of current market conditions, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report. read more

Bank of Hawai’i Promotes Polk to President; Appoints Emerson as Chief Retail Banking Officer

Current vice chair and chief banking officer of Bank of Hawai’i, James C. Polk, has been promoted to president, and current vice chair Matthew K.M. Emerson has been appointed chief retail banking officer. read more

Ryder System to Acquire Pit Stop Fleet Service

Ryder System has entered into a definitive agreement to acquire Pit Stop Fleet Service, enabling the expansion and further strengthening of Ryder’s Torque by Ryder retail mobile maintenance business offering. read more

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Terry Mulreany
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