News

Fleet Advantage’s Jones Makes Finalist List for 2023 Distinguished Women in Logistics Award

The Women In Trucking Association named Katerina Jones, chief marketing officer for Fleet Advantage, one of three finalists for the 2023 Distinguished Woman in Logistics Award. read more

MUFG Finances Sun Country Airlines’ Acquisition of 5 737-900ERs

Sun Country Airlines will acquire five 737-900ERs to expand its passenger fleet in late 2024 and 2025. Sun Country Airlines will finance the acquisition through a credit facility with MUFG Union Bank. read more

AdvancePoint Capital Launches Restaurant Financing Products

AdvancePoint Capital, a provider of small business loans and equipment financing, launched a suite of new restaurant financing products, including working capital loans, point of sale system financing and restaurant equipment financing. read more

Mitsubishi HC Capital Merges Companies to Form $7.5B Commercial Finance Firm

Mitsubishi HC Capital America and its subsidiary Mitsubishi HC Capital Canada, as well as Mitsubishi HC Capital (U.S.A.) and ENGS Commercial Finance, merged to create a North American non-bank, non-captive finance provider with more than $7.5 billion in owned and managed assets. read more

Bankruptcy Filings Increase Across All Chapters in March

According to data provided by Epiq Bankruptcy, new bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row. read more

Ryder to Add BrightDrop Electric Vehicles to Lease and Rental Fleet

Ryder System plans to introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025, with the first 200 to be ordered this year. read more

Truist Completes Sale of 20% Stake in Truist Insurance Holdings to Stone Capital

Truist completed its previously announced sale of a 20% stake in Truist Insurance Holdings, a subsidiary of Truist, to funds managed by Stone Point Capital, a private equity firm focused on the global financial services industry, for $1.95 billion, representing an aggregate value of $14.75 billion. read more

Brutti Returns as Hyundai Capital America’s President and CEO

Hyundai Capital America appointed Marcelo Brutti president and CEO. Most recently, Brutti served as chief risk officer for City National Bank, but he previously served at Hyundai Capital America as chief risk officer from 2016 to 2019. read more

TNT Crane & Rigging Appoints Irion CEO

TNT Crane & Rigging’s board of directors appointed Mark Irion as its new CEO, effective immediately. Irion has nearly 25 years of experience in the equipment rental industry and previously served as CFO for Herc Holdings since June 2018. read more

Paul Hastings Adds Bondi to as Co-Chair of Investigations and White-Collar Defense Practice

Paul Hastings named Brad Bondi a partner of the firm in Washington, D.C. He will serve as global co-chair of the firm’s investigations and white-collar defense practice. read more

Hancock Whitney Establishes New ABL Division, Knuckles to Lead

Hancock Whitney established a new asset-based lending division primarily serving 12 states across the southern United States. Mike Knuckles will lead the line of business based in suburban Atlanta and direct all recruiting and hiring. read more

Monitor Extends Early Bird Deadline for 50th Anniversary Event, Converge

Monitor has extended the deadline for early bird registration for Converge, the equipment finance industry leading publication’s two-day 50th anniversary event, to 11:59 p.m. EST on April 3. read more

XS Financial Names Vuong CFO

XS Financial named Justin Vuong CFO, effective June 1. Vuong will succeed current CFO Stephen Christoffersen, who will remain active as a member of the company’s board of directors, investment committee and as the newly appointed audit chair. read more

Tamarack Adds Huynh to AI Data Engineering Team

Tamarack Technology appointed Quoc (Tom) Huynh to its artificial intelligence data engineering team. In his role as a senior data engineer, Huynh will focus on increasing the company’s data integration, analysis and machine learning/AI capabilities for its AI product suite. read more

NAFA Launches ESG Reporting Tool for Fleet Professionals

The NAFA Fleet Management Association (NAFA), a vehicle fleet industry association, launched ESGi, a new environmental, social and governance reporting offering for the fleet community. read more

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