News

ACT: Y/Y Used Truck Prices Open 2019 Up 10%; Sales Fall 12%

The average price of total used Class 8 trucks in January was up 10% year-over-year, when compared to January of 2018, according to the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. read more

Amerisource Provides $1.5MM Facility to Electrical Manufacturer

Amerisource Business Capital closed and funded a $1.5 million credit facility for a New York-based manufacturer and distributor of electrical components. read more

OneWest Bank Wins 2019 Gold Stevie Award for Sales & Customer Service

CIT’s Southern California retail bank division, OneWest Bank, won a 2019 Gold Stevie Award in the category of Customer Service Success, Financial Service Industries. It is the bank’s second consecutive Stevie Award. read more

ACT Research: Strong Trailer Orders Streak Ends in Q4/18

According to ACT Research’s Trailer Components Report, the industry’s stronger order streak that started in the fall of 2017 came to an end at the close of 2018, but the softness was not necessarily due to a change in fleet confidence. read more

BOC Delivers First Boeing 737 MAX 9 to Icelandair

BOC Aviation delivered its first Boeing 737 MAX 9 aircraft to its newest customer, Icelandair, based in Reykjavik. The aircraft will be powered by CFM LEAP-1B Engines. read more

JP Morgan, Citigroup Advise GE on BioPharma Sale to Danaher

GE agreed to sell its BioPharma business to Danaher for a total consideration of $21.4 billion, including $21 billion in cash as well as Danaher’s assumption of certain pension liabilities. read more

Signature Bank Opens San Francisco Flagship Financial Center

Signature Bank opened its first financial center on the West Coast in downtown San Francisco in the heart of the city’s financial district. read more

Kuett Joins LeaseAccelerator as VP of Lease Accounting

John Kuett joined LeaseAccelerator its new vice president, Lease Accounting EMEA. An expert in IFRS 16 lease accounting, Kuett brings over 20 years of experience leading financial reporting, accounting and compliance for multinationals. read more

Atlantic Capital Provides $2MM Financing to Disposable Hygiene

Atlantic Capital & Equipment Finance arranged $2 million in financing for Disposable Hygiene to purchase equipment and other assets of Miami-based Excelcare Products. read more

Construction Industry Optimism Remains High for Eighth Consecutive Year

For the eighth consecutive year, construction industry executives say they feel optimistic about the year ahead for their business sector, according to the 43rd Wells Fargo Construction Industry Forecast. read more

ACT: U.S. Trailer Orders Start 2019 Down, Backlog Still Projected

U.S. trailer order volume slid sequentially for the fourth month in a row. However, more than 26,000 net orders were still posted in January, according to ACT Research’s State of the Industry: U.S. Trailer Report. read more

Ritchie Bros. Hits $297MM+ in World’s Largest Equipment Auction

Ritchie Bros. hosted its largest auction ever at a 220-acre auction site in Orlando, FL. Over six days, the company sold 13,350+ assets for over $297 million — up 7% from last year's $278+ million total. read more

SMBC Delivers Airbus A320-200 to Rossiya Airlines

SMBC Aviation Capital delivered of one Airbus A320-200 aircraft (MSN 3627) equipped with two CFM56-5B engines to Rossiya Airlines. read more

Wells Fargo Equipment Finance Promotes Thomason to Head of Operations

Wells Fargo Equipment Finance promoted Lisa Thomason to lead its operations team. Thomason will be based in Moberly, MO and report to Lisa Sawyers, head of Operations for Wells Fargo Commercial Capital. read more

Hitachi Capital America Acquires Global Technology Finance

Hitachi Capital America signed a definitive agreement to purchase the assets of Global Technology Finance, a supply chain financing provider to value added re-sellers in the technology industry. read more

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