News

CHG-MERIDIAN Opens New Canadian Office

CHG-MERIDIAN opened a new office in Mississauga, ON. Opening the new office was necessitated by the growth of CHG-MERIDIAN Canada, which now has 10 full-time employees. read more

KBRA Assigns Preliminary Ratings to Dext Capital’s Third Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Dext ABS 2023-1, an equipment ABS transaction. Dext 2023-1 represents the third equipment ABS transaction to be sponsored by Dext Capital. read more

Onset Financial Funds More Than $140MM, Surpasses Previous Q1 Record

Onset Financial has funded more than $140 million in year-to-date fundings this year, shattering its previous record for January and February combined. This achievement also officially exceeds the best first quarter in company history. read more

Husain Khan, Secretary General of EBAA, Passes Away

Pete Bunce, president and CEO of the General Aviation Manufacturers Association (GAMA), released a statement concerning the recent passing of Athar Husain Khan, secretary general of the European Business Aviation Association (EBAA). read more

For-Hire Trucking Capacity Growth Rate on Path to Recovery

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes and rates declined in February but rate trends should begin to recover once traction on freight volumes is established. read more

Liventus Raises More Than $760K for ASPIRE at Big City Nights Gala

Liventus and other sponsors raised more than $760,000 for ASPIRE, a charity that helps adults with disabilities, as part of its Big City Nights Gala, which raised an unprecedented amount of money to further the organization's mission of inclusion and empowerment for people with disabilities. read more

Mike Albert Fleet Solutions Creates New Fleet Electrification Referral Program

Mike Albert Fleet Solutions announced a new fleet electrification referral program designed to pair customers considering electrifying their fleets with best-in-class charge point providers. The fleet program is available for all current Mike Albert clients. read more

Petta to Retire as ELFA CEO and President at End of 2023

At a specially convened meeting of the Equipment Leasing and Finance Association board of directors, Bob Neagle, chair of the ELFA, announced Ralph Petta will retire as president and CEO of the association at the end of 2023. read more

First Citizens Bank Acquires Silicon Valley Bank in Whole Bank Purchase

First Citizens Bank entered into an agreement with the Federal Deposit Insurance Corporation to purchase out of FDIC receivership substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank. read more

CLFP Foundation Completes Second Printing of Ninth Edition of CLFP Handbook

The Certified Lease & Finance Professional Foundation completed the second printing of the ninth edition of The Certified Lease & Finance Professionals’ Handbook, which is now available for purchase. read more

Black Equipment Finance Network Holds Historic In-Person Networking Event at NEFA Summit

The Black Equipment Finance Network (BEFN) held its inaugural mixer at the National Equipment Finance Association's' recent Finance Summit, marking the group's first in-person event. read more

Ritchie Bros. Completes Acquisition of IAA

Ritchie Bros. Auctioneers completed its acquisition of IAA. As previously announced under the terms of the amended merger agreement, IAA shareholders will receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. read more

Supply & Demand Chain Executive Recognizes Fleet Advantage’s Flynn and Dolch as 2023 Pros to Know

John Flynn, founder and former CEO of Fleet Advantage, and Kristopher Dolch, vice president of strategic fleet solutions at Fleet Advantage, were recognized as 2023 “Pros to Know” by Supply & Demand Chain Executive. read more

QuickFi Wins Best Overall LendTech Company Award at Annual FinTech Breakthrough Awards

QuickFi by Innovation Finance USA was named Best Overall LendTech Company in the annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization, for the second straight year. read more

Chinese Truck Market Demand Reverses Downward Trajectory in Q4/22

According to ACT Research, Chinese commercial vehicle demand presented a mixed bag of results into the end of 2022, with demand for heavy trucks, medium trucks and tractors started the process of reversing its downward trajectory as the Chinese economy reopened. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com