News
Partners Capital Adds 10 Sales Reps
Partners Capital added 10 sales reps to its team in October. The hiring of these 10 brings the total to over 80 vendor sales reps at Partners Capital. read more
OCT 30, 2018 - 6:35 am
JDR Solutions Upgrades Client Portal
JDR Solutions introduced an easy-to-use data and reports portal for customers, which sports a new look, expanded search capability and stronger security. read more
OCT 30, 2018 - 6:30 am
Transervice Logistics Wins Long Island 2018 Top Workplaces Award
Transervice Logistics was awarded a 2018 Top Workplaces in Long Island honor by Newsday. read more
OCT 30, 2018 - 6:25 am
Ritchie Bros. Sells CA$117MM+ of Equipment at Edmonton Auction
With its fifth Edmonton, AB auction of 2018 last week, Ritchie Bros. sold more than 7,800 equipment items for CA$117+ million (US$89+ million). read more
OCT 30, 2018 - 6:22 am
ENGS Commercial Finance Acquired by Mitsubishi UFJ Lease & Finance
ENGS Commercial Finance entered into an agreement to sell all shares of ENGS to Mitsubishi UFJ Lease & Finance Company. read more
OCT 29, 2018 - 7:00 am
Equipment Leasing Group of America Acquires Lease Portfolio
Brian Trebels, CEO of Equipment Leasing Group of America, announced the purchase of a portfolio of truck tractor and construction crane leases. read more
OCT 29, 2018 - 6:55 am
Bollinger Joins 36th Street Capital as VP of Originations
36th Street Capital Partners appointed Richard Bollinger as vice president of Originations. read more
OCT 29, 2018 - 6:50 am
Seabury Capital’s Maritime Subsidiary Expands Executive Team
Seabury Maritime appointed Fernando Lehrer as executive director, head of Marine Services, and Nikos Petrakakos as vice president, head of Maritime Environmental Innovation. read more
OCT 29, 2018 - 6:45 am
Q3/18 GDP Rate 3.5%; Past 4 Quarters Up 3%; Up From 2.3% Year-Earlier
The U.S. Department of Commerce reported an estimate of GDP growth rate for Q3/18 was 3.5%. During past four quarters, GDP has risen 3.0%, well above the 2.3% growth during the year-earlier period. read more
OCT 29, 2018 - 6:40 am
QuickBridge Releases Cybersecurity White Paper in Time for the Holidays
QuickBridge Funding released its latest white paper “Cybersecurity and Small Businesses: Are You Protecting Your Customers?” to provide advice to businesses on how to protect their data from cybercriminals. read more
OCT 29, 2018 - 6:35 am
Ryder System Q3 Revenue Grows Record 17% to $2.2B
Ryder System reported Q3/18 total revenue grew a record 17% to $2.2 billion, up from $1.8 billion a year earlier. read more
OCT 29, 2018 - 6:30 am
ACT Research: Used Truck Prices Rose 9% YTD in September; Growth Is Expected to Slow
According to ACT Research, the average price of total used Class 8 trucks in September rose 3% month over month and fared even better, up 9% year to date, when compared to the first nine months of 2017. read more
OCT 29, 2018 - 6:25 am
CLFP Announces 2019 Board of Directors
The Certified Lease & Finance Professional Foundation announced the 2019 board of directors. read more
OCT 26, 2018 - 7:20 am
ABN AMRO Launches Blockchain Pilot with Samsung SDS, Port of Rotterdam
ABN AMRO launched a new blockchain pilot in partnership with the Port of Rotterdam and Samsung SDS, Samsung’s logistics and IT division. read more
OCT 26, 2018 - 7:15 am
Trinity Railcar Leasing Group Q3 Profit Hurt by Lower Rates, Fees
Trinity Industries reported its Railcar Leasing group Q3/18 operating profit was off primarily because of lower average rental rates, lower asset advisory fees and a change in the mix of railcars sold from the lease fleet. read more
OCT 26, 2018 - 7:07 am
Editor's Picks
Riding into the Financial Future: The Next Five Years of Captive Financing
November/December 2018
The future of equipment financing reminds me quite a bit of college — biking in college, to be specific. Let me explain. Many college students work summer jobs in the weeks leading up to freshman year, saving money to meet... read more
Material Handling Trends: Insight from Honda Supplier of the Year, Pacific Rim Capital
November/December 2018
To recognize suppliers committed to exceeding expectations, Honda of America Manufacturing hosts the Annual Indirect Procurement Supplier Awards, an event ceremony that shines a light on the important role of these strategic partners. This year, Pacific Rim Capital (PRC) of... read more
Recent Opinion
Outsourcing Gaining Ground in Equipment Finance
November 2018
While outsourcing is often more associated with call centers in the common imagination, a surprising number of equipment lessors also use third-party service providers to augment their financing business. Ron Meyer from Linedata recently had the opportunity to speak to equipment finance professionals about how and why they outsource, examining the way this could influence the future of the industry.
2019 Equipment Financing Predictions
November 2018
With 2019 fast approaching, Corcentric’s Tom Toton looks toward the new year and makes some predictions for the the equipment financing and leasing industry.
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