According to preliminary data from ACT Research, net trailer orders increased nominally from November to December. At 24,300 units, orders were lower compared to last December, down nearly 58% year over year. read more

JAN 16, 2024 - 6:58 am

David Lettrich joined TriState Capital Bank as senior vice president and relationship manager of private banking. In this role, Lettrich will be responsible for developing and supporting existing private banking clients in Pittsburgh, western Pennsylvania and beyond. read more

JAN 16, 2024 - 6:37 am

BlackRock entered an agreement to acquire Global Infrastructure Partners, an independent infrastructure fund manager, for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock. read more

JAN 12, 2024 - 7:02 am

Peapack-Gladstone Financial and Peapack-Gladstone Bank promoted Rich Johnston to president of Peapack Capital. Johnston, who joined Peapack Capital in 2017, has more than 30 years of leasing and structured finance experience. read more

JAN 12, 2024 - 6:50 am

Horizon Bank hired Steven Post as vice president of capital markets and the middle market, according to a LinkedIn post from Post. Post previously served as senior vice president of capital markets - indirect finance at First Midwest Equipment Finance. read more

JAN 12, 2024 - 6:49 am

The Equipment Leasing and Finance Association released the agenda for the 2024 Equipment Management Conference & Exhibition, which will be held March 10-12 in New Orleans, including sessions evaluating current market conditions, networking opportunities and more. read more

JAN 12, 2024 - 6:47 am

Stratos, an independent aircraft asset manager, hired Nate Graddy as vice president of business development based in the company’s Tokyo office. Graddy joined Stratos after 12 years at Boeing, most recently serving as senior director of customer finance with Boeing Capital. read more

JAN 12, 2024 - 6:46 am

Air Lease reported that the company sold seven aircraft to third-party buyers and recorded aircraft sales proceeds of approximately $440 million in Q4/23. In terms of aircraft investments, Air Lease logged approximately $1.2 billion in the quarter. read more

JAN 12, 2024 - 6:41 am

According to Deloitte’s Q4/23 CFO Signals survey, CFOs who rated the current North American economy favorably plummeted 10 points since the previous quarter to 47% from 57%. Net optimism for CFOs' own companies' financial prospects also fell. read more

JAN 12, 2024 - 6:39 am

The convergence of continued strong build rates, a fading U.S. tractor sales trend and early-in-the-year sales seasonality risk a Class 8 truck inventory surge in Q1/24, according to ACT Research. read more

JAN 12, 2024 - 6:37 am

MidFirst Bank expanded into the southern Nevada market, with Michael Pizzi, who will serve as senior vice president and Nevada market executive, and a team of bankers from Bank of Nevada who have experience in the area leading the initiative. read more

JAN 12, 2024 - 6:36 am

Citizens’ 2024 M&A outlook report revealed optimism about the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. read more

JAN 11, 2024 - 7:00 am

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by MMAF Equipment Finance LLC 2024-A (MMAF 2024-A), MassMutual Asset Finance’s 20th equipment ABS transaction. read more

JAN 11, 2024 - 6:59 am

According to Houlihan Lokey’s recently released Q3/23 equipment-as-a-service market update, the rate of announced equipment-as-a-service transactions in the year-to-date period for the report outpaced pre-COVID-19 pandemic levels. read more

JAN 11, 2024 - 6:58 am

Ivory Consulting added six finance businesses as customers for its SuperTRUMP platform and completed more than 20 SuperTRUMP customization engagements in 2023. read more

JAN 11, 2024 - 6:56 am