ACT Research’s latest outlook revealed greater-than-expected build rates in November (the latest available data), which continued to apply upward pressure to forecasts, resulting in an across-the-board rise in commercial vehicle demand expectations.
“If you don’t work in a consumer-facing economic sector, there is much to like about the current U.S. economic outlook. In a nutshell, the sectors that are propelling the economy forward are those with the greatest contribution to freight, and many of those sectors are just starting to ramp into multi-year growth cycles,” Tim Denoyer, vice president and senior analyst at ACT Research, said. “A favorite ACT axiom is, ‘fleets buy equipment when they make money,’ and we think truckers will generate record profits in 2021. That said, the list of known unknown risks has grown longer recently, including the post-holiday rise in COVID cases, a slower-than-expected roll out of the vaccine, supply chain shortages in steel and microchips, and even the peaceful transfer of power.”
Steve O’Leary and Tim Conway, now CEO/president and chairman of Clarus Capital, respectively, began their business partnership at NewStar Financial, where Conway was founder and CEO and O’Leary was the architect of the company’s equipment finance business. O’Leary enjoyed his... read more
Over the last two years, the skills of independent equipment finance companies have been tested. To learn about the strategies independents are using to succeed, Monitor spoke with leaders from Liberty Commercial Finance, GreatAmerica Financial Services, Financial Partners Group and... read more