News

Ryder Reports Record 2018 Revenue of $8.4 Billion, Up 15% Y/Y

Ryder reported it exceeded its initial full-year outlook for 2018, driven by record revenue growth. Total revenue and operating revenue grew across all three of its business segments, reflecting new business and higher volumes. read more

SMBC Delivers Boeing 737-8 MAX to Icelandair

SMBC Aviation Capital delivered one Boeing 737-8 MAX aircraft to Icelandair. read more

Monitor Offices Closed Presidents’ Day

The Monitor offices will be closed Monday, February 18 in observance of Presidents’ Day. read more

CIT Northbridge Arranges $24MM Facility for Pocono ProFoods

CIT Northbridge Credit, through its investment advisor CIT Asset Management, served as sole lead arranger on a $24 million senior secured credit facility for Pocono ProFoods, a foodservice distributor in the Northeast and Middle Atlantic regions. read more

Commercial Credit Partners with BDT Capital to Support Growth

Merchant bank BDT Capital Partners has made a majority equity investment in equipment and accounts receivable finance company Commercial Credit. read more

ELFF: Equipment Finance Industry Confidence Increases 6% M/M in February

The ELFF released its February 2019 Monthly Confidence Index for the Equipment Finance Industry. Overall, confidence in the equipment finance market in February clocked in at 56.7, an increase from the January index of 53.4. read more

Avolon: 2019 Aircraft Leasebacks Likely to Return to Average Levels

Aircraft lessor Avolon issued its 2019 Industry Forecast, titled ‘Buckle Up’. The paper, written by Avolon’s Head of Strategy Dick Forsberg, provides a review of 2018 while offering predictions for the industry in 2019. read more

Ares Management Ends 2018 with Strong Fourth Quarter

Ares Management reported its financial results for its fourth quarter and year ended December 31, 2018. read more

ACT: Preliminary Used Class 8 Volumes Ticked Up in January

Preliminary used Class 8 volumes (same dealer sales) rose 4% month-over-month, following two sequential declines, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. read more

2018 Manufacturing Tech Orders See 19% Gain in Y/Y Annual Total

According to AMT, U.S, manufacturing technology orders posted $443 million in December, down 2% from November and 6% from December 2017. The year-end order total for 2018 was $5.5 billion, up 19% from the annual sum for 2017. read more

Austin Financial Funds $5MM ABL Facility for Midwest Manufacturer

Austin Financial Services closed a $5 million senior secured credit facility for a full-service custom automation and manufacturing company that services the medical and life sciences, consumer goods and aerospace markets. read more

OnDeck Sees $27.7MM Net Income in 2018

OnDeck announced fourth quarter 2018 net income of $14 million, an increase from $9.8 million from the previous quarter. The company’s full year 2018 net income of $27.7 million was significantly improved from its net loss of $11.5 million in 2017. read more

Nations Promotes Brigante, Bohlert to Leadership Roles in Capital Markets

Nations Equipment Finance promoted Mike Brigante to managing director, Sales and Capital Markets and Ryan Bohlert to senior vice president of Capital Markets. read more

Santander Promotes Cerminaro to Commercial Banking Director, New England

Santander Bank promoted Robert Cerminaro was promoted to commercial banking market director for New England. He will report to David Harnisch, head of Commercial Banking. read more

First National Promotes Massingham to Chief Operating Officer

First National Capital promoted Melissa Massingham to chief operating officer. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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