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

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

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

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

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

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

Bollinger Joins 36th Street Capital as VP of Originations

36th Street Capital Partners appointed Richard Bollinger as vice president of Originations. read more

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

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

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

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

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

CLFP Announces 2019 Board of Directors

The Certified Lease & Finance Professional Foundation announced the 2019 board of directors. read more

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

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

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Terry Mulreany
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