News

ELFA Reports 7% Y/Y Decline in June NBV, Notes 4% YTD Increase

According to the ELFA, overall new business volume for June was $9.1 billion, down 7% year-over-year from new business volume in June 2017. Volume was up 18% month-to-month from $7.7 billion in May. Year to date, cumulative new business volume was up 4% compared to 2017. read more

S&P Reports 18% Increase in Structured Finance Issuance in H1/18

According to S&P Global Ratings’ mid-year report on structured finance, there was an 18% increase to roughly $500 billion in global structured finance issuance year-over-year in the first six months of 2018. read more

SunTrust Equipment Finance & Leasing Adds Butler to Originations Team

Shane Butler was named director – Originations at SunTrust Equipment Finance & Leasing and will be responsible for covering corporate banking clients in the Northeast region. read more

ATA Truck Tonnage Index Falls 0.4% M/M, Rises 7.9% YTD

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 0.4% in June after rising 0.4% in May. In June, the index equaled 113 (2015=100), down from 113.4 in May. read more

Regents Capital Named a Best Place to Work for Third-Straight Year

Equipment Leasing and financing provider Regents Capital was named as one of the 2018 Best Places to Work in Orange County for the third consecutive year. The independent equipment finance firm ranked as No. 25 in the medium employer category. read more

Rush Reports Q2 U.S. Class 8 Truck Sales Up 24.7% Year/Year

Rush Enterprises said U.S. Class 8 retail truck sales of 60,812 units, were up 24.7% in Q2/18 compared to Q2/17. Rush noted U.S. retail sales of Class 8 vehicles are expected to reach 252,700 units in 2018, up 27.6% from 2017 according to ACT Research. read more

New Lease Accounting Rules May Unlock Certain Operational Benefits

According to a CFO report, it is entirely possible that there are certain “operational benefits” that companies can realize from adopting the new lease accounting standards that can ultimately result in cost reduction and an improvement of the bottom line. read more

ACT Research: Trailer Net Orders Down 1.3% Y/Y, 13% M/M

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report, net orders of 20,048 trailers were down 1.3% year-over-year and 13% off month-over-month. read more

CIT Q2 Earnings Higher, Notes ‘Strong Growth’ in Equipment Finance

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more

BNP Paribas Leasing Solutions UK Hires Richards as Head of ELS Sales

BNP Paribas Leasing Solutions UK has appointed Mark Richards as head of Equipment and Logistics Solutions Sales. Richards was previously with Marubeni-Komatsu Finance. read more

GATX YTD Earnings Higher Despite Cost of Facility Closure in Germany

GATX’s earnings for the first six months of 2018 were $115.1 million, up from $110.9 million a year earlier. A $15.3 million year-over-year increase on asset dispositions more than offset the impact of the $5.8 million expense to close a railcar maintenance facility in Germany. read more

Embraer Delivers 28 Commercial and 20 Executive Jets in Q2/18

During Q2/18 Embraer delivered 28 jets to the commercial aviation market and 20 business jets, including 15 light jets and five large jets. On June 30, Embraer's firm order backlog totaled $17.4 billion. read more

BNP Paribas Creates Global Credit Markets America

BNP Paribas, as part of its CIB 2020 development plan, created a new unit called Global Credit Markets Americas. This new unit integrates all primary origination, financing and syndication and secondary sales, trading and research activities across credit products into one platform. read more

Waypoint Leasing Enters Taiwanese Market, Delivers Three AW169s to Emerald Pacific

Waypoint Leasing completed a lease transaction for three new AW169 helicopters to Emerald Pacific Airlines in Taiwan to be used in EMS operations and other missions. read more

Gulfstream G500 Earns Both Type And Production Certificates From U.S. FAA

The Gulfstream G500 received both its type certification and production certificate from the U.S. Federal Aviation Administration (FAA). These certifications pave the way for the first completed G500 delivery, which Gulfstream hopes to complete this year. read more

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