News

GNA to Release Report on State of Sustainable Fleets

Gladstein, Neandross & Associates is authoring a report on the current and future adoption of clean and advanced vehicles across the U.S. on-road transportation industry. read more

GA Telesis Receives Firm Order for 737-800 Conversion to Freighter with AEI

GA Telesis received a firm order from Aeronautical Engineers (AEI) to convert a 737-800 passenger aircraft to a freighter configuration with an option for a second aircraft. read more

NationaLease Unveils Winners of 2020 Exceptional Service Awards

NationaLease honored 11 member companies within its network for their excellence and due diligence in providing exceptional reciprocal service to fellow members. read more

Enova Buys OnDeck for $90MM

Enova International entered into a definitive agreement to acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. read more

Loeb Term Solutions Hires Andricopulos as CFO, Schwartz as CIO and CMO

Loeb Term Solutions hired Greg Andricopulos as CFO and Eric Schwartz as CIO and CMO. Andricopulos will lead the financial aspects of all Loeb companies. Schwartz will be heading up the digital and information technology areas for all Loeb companies. read more

Monitor Live+ Racial Equity in Equipment Finance: Black Leaders Speak Open for Registration

Registration is open for Monitor’s next Live+ event, “Racial Equity in Equipment Finance: Black Leaders Speak,” which will be held on Tuesday, Aug. 4 at 1:00 p.m. ET. read more

ELFA: New Business Volume for Equipment Finance Grew 10.5% in 2019

New business volume grew 10.5% in the equipment finance industry in 2019, according to the 2020 Survey of Equipment Finance Activity from the ELFA. The rise in new business volume marked the 10th consecutive year that businesses increased their spending on capital equipment. read more

Swecker Returns to MidAtlantic Farm Credit as VP, Loan Operations Manager

MidAtlantic Farm Credit hired Karen Swecker as senior vice president and loan operations manager. Swecker worked in sales and management at MidAtlantic Farm Credit from 2005 to 2017, and worked as a relationship manager at AgFirst Farm Credit Bank from 2017 to 2020. read more

Fleet Advantage: Low Demand for Electric Trucks, Full-Service Lease Agreements

Fleet Advantage reported in its latest fleet industry benchmarking survey that there is continued low demand for electric and autonomous trucks. The survey also found that only 8% of respondents are entering into full-service lease agreements for their trucks. read more

North Star Leasing Adds Moskovis as Senior Business Development Specialist

Angelo Moskovis joined the sales team at North Star Leasing in the role of senior business development specialist. Moskovis, who will be based in Boston, most recently worked for Navitas Credit. read more

LeaseQuery: Companies Struggle With First Audits Under New Lease Accounting Rules

According to a survey from LeaseQuery, companies struggled with the first audits completed under the landmark new lease accounting standard. In fact, half of public companies said additional effort was needed for the process. read more

ACT Research: Used Class 8 Dealer Sales Volume in H1/20 Down 6%

According to ACT Research, used Class 8 same dealer sales volumes in the first half of 2020 were up 6% year to date against the first half of 2019, with average price down 15%, miles down 2% and age down 7% compared with June 2019 year-to-date rates. read more

ELFA Invites Members to Participate in CFPB Survey Regarding Section 1071 of Dodd Frank

The ELFA encouraged association members to participate in a survey from the CFPB that will examine the potential one-time costs associated with complying with Section 1071 of the Dodd Frank Act. read more

Citizens Business Conditions Index Shows Stability in Q2/20

The Citizens Business Conditions Index showed stability in Q2/20, decreasing from 60.8 to 60.3 despite the quarter beginning with many businesses reeling from the shutdown of the global economy caused by the COVID-19 pandemic. read more

Mabry Joins Renasant as EVP and CFO

James C. Mabry IV will join Renasant Corporation as executive vice president and CFO. Mabry, who will join the company on Aug. 1, also will oversee the company's mergers and acquisition activities and its investor relations. read more

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