According to the latest ACT Research Transportation Digest, Class 8 retail sales and build are starting the summer at near-record high levels, but evidence supporting a change in direction continues to accumulate. read more
Great Western Bank entered into an agreement to purchase and assume the management of the trust assets of Independent Bank acquired through its acquisition of Guaranty Bank and Trust Company in Colorado. read more
The latest release of ACT Research’s For-Hire Trucking Index showed nearly across-the-board declines, with capacity being the lone exception. The Pricing Index fell to 38.8, the lowest in survey history. read more
Huntington launched a health care finance team dedicated to helping private health care and medical practices located east of the Mississippi with specialized loan products, including, among other things, equipment finance. read more
instaCOVER released a new vehicle protection program providing specialized insurance for leased and financed commercial vehicles and trailers. The new program will allow lease brokers and funders to acquire coverage. read more
Arista Financial, a financial services holding company that through its wholly owned subsidiary, Arista Capital, provides unique financing options to small truck lenders, will be entering the mortgage industry. read more
According to the latest ACT Research State of the Industry: Classes 5-8 Report, May’s Class 8 metrics generally aligned with expectations, with the lone exception of cancellations, which continued to surprise on the low side. read more
Richie Bros.’ subsidiary Leake Auctions is headed to Arizona in January 2020 for Scottsdale Auction Week. The company has partnered with Salt River Fields at Talking Stick for its multi-day auction. read more
Monitor’s Top 25 Vendor Players broke the $40 billion mark in new originations this year, but while most saw positive growth, the overall percentage increase slipped slightly from 6.4% in 2017 to 6.1% in 2018. The top eight companies from... read more
On the deal flow side, how would you characterize the level of activity that you are seeing versus what it was a year ago? If activity is higher, is it the result of more deal flow from existing sources or... read more
Director of Fleet Planning Services,
AmeriQuest Transportation Services
With technological advances coming at a dizzying rate, obsolescence is always a danger for any fleet. Frank Bussone forwards the argument that the best way for companies to avoid this problem is to lease their equipment, instead of purchasing it outright, giving them the opportunity to update as needed.
Vice President of Financial Services,
Corcentric Capital Equipment Solutions
Asset sale lease-backs are not a new idea. However, it is an idea that makes good sense today. Corcentric’s Patrick Gaskins and Mike Hamilton go over the basics to explain why this strategy might work to your advantage in current market conditions.