News

ACT: Freight Rate Improvements Power Spike in June Class 8 Net Orders

According to ACT Research, preliminary North American Class 8 net orders in June were 16,000 units, rising 139% from May and 23% compared with June 2019. read more

CNH Industrial Capital Closes $600MM Offering

CNH Industrial Capital completed its offering of $600 million in aggregate principal amount of 1.950% notes due 2023, with an issue price of 99.370%. read more

Pacific Western Hires Black as Executive VP, Strategy and Corporate Development

Pacific Western Bank appointed Bill Black executive VP of strategy and corporate development to focus on sourcing and evaluating prospective strategic opportunities. read more

ELFA Provides Best Practices for Managing Sales Tax During Disruption

Lease re-writes, strategic planning for marketplace facilitator laws and audit resolution were among the topics discussed during the ELFA’s webinar. read more

MUFG Assists BBAM in Financing Four Aircraft Leased to Delta Air Lines

MUFG will provide BBAM with a senior secured term loan facility to finance a portfolio including three Airbus A321-200 airliners and one Boeing B737-900ER airliner. read more

Asset Control Recruits Nielen as Director, Strategic Business Development

Asset Control recruited Stef Nielen as director of strategic business development for the buy-side to focus on self-controlled data sourcing, mastering, derivation and integration across investment decision processes. read more

Financial Regulators Issue Statement on Managing LIBOR Transition

The FFIEC highlighted potential risks from the transition away from LIBOR and encouraged supervised institutions to continue their efforts to transition to alternative reference rates. read more

ISM: Manufacturing Grows in June; PMI at 52.6%

The ISM Report On Business showed economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction. read more

LeaseAccelerator, NTrust Partner to Offer Global Lease Services

LeaseAccelerator partnered with NTrust to support the delivery of Global Lease Services, an outsourced data solution that provides streamlined portfolio, fleet and equipment lease management for global organizations. read more

ACT: May Used Truck Sales Volume Down 12% M/M, Price and Miles Up

ACT Research reported used Class 8 same dealer sales volumes dropped 12% month-over-month in May, while price and miles rose 2% and 1%, respectively. read more

Chesswood Changes Senior Management, CEO Shafran to Retire

Chesswood’s president and CEO, Barry Shafran, is retiring and Ryan Marr will assume his position. Ed Sonshine rejoined the board of directors and David Obront stepped down. read more

People’s United Adds Grote as VP, Asset Manager

People’s United Capital and Leasing added Phil Grote as vice president, asset manager. He will be responsible for establishing equipment values and providing industry analysis. read more

Muscatello Joins First Business Equipment Finance Team as Sales VP

First Business Equipment Finance hired Mike Muscatello as vice president of sales in its vendor finance group. read more

MUL Railcars CEO Sharp Steps Down, Vestergaard Assuming Position

Anders Vestergaard will assume the role of MULR CEO as Jim Sharp, the company's founding CEO, completes his service with the company in a preplanned management transition. read more

NACM’s June Credit Managers’ Index Predicts V-Shaped Recovery

The June CMI from the NACM showed the economy is on the road to recovery, with many sectors doing a 180 by jumping back into expansion territory. read more

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