News

KBRA Releases Research on Aviation ABS Exposure to China

KBRA released a research report examining exposure to China in its rated universe of aviation asset-backed securities transactions. read more

Fleet Advantage Sponsors Annual Kids Essay Contest at IFDA for Seventh Straight Year

Fleet Advantage sponsored, for a seventh straight year, the annual kids essay contest at the 2023 International Foodservice Distributor Association’s National Championship, where companies and families showed their appreciation for truck drivers and warehouse equipment operators. read more

ELFA Releases Two New Studies of Equipment Finance Compensation Trends

Compensation in the equipment finance industry returned to steady increases in 2022, according to the 2023 Equipment Leasing and Finance Compensation Survey released by the ELFA. read more

Caterpillar Names New Chief Sustainability & Strategy Officer

George Moubayed, current senior Vice president of the Enterprise Strategy Division, will assume additional responsibilities as the chief sustainability and strategy officer of Caterpillar, effective Jan. 1, 2024. read more

Trnsact Surpasses $1B in Application Transactions on Its Platform

Trnsact has processed more than $1 billion transaction requests on its Software-as-a-Service platform. read more

CoBank: High Interest Rates, Strong Dollar Taking Toll on Agricultural

The combination of high interest rates and a strong U.S. dollar is beginning to take a disproportionate toll on rural industries like agriculture, forest products, mining and manufacturing. read more

CNH Completes Purchase of Hemisphere GNSS

CNH Industrial completed its purchase of the global satellite navigation technology leader Hemisphere GNSS (Hemisphere) for a total consideration of $175 million. read more

FTA’s Miller Presented with TAEC President’s Leadership Award

The American Trucking Associations honored Dr. Alix Miller with the ATA Trucking Association Executives Council President’s Leadership Award. read more

Truist Receives $65MM New Markets Tax Credit to Support Communities Across the U.S.

Truist Financial received $65 million in New Markets Tax Credits allocation authority from the U.S. Treasury Department's Community Development Financial Institution Fund. read more

BBAM Delivers First Alaska Air Cargo 737-800 Freighter Conversion

Alaska Air Cargo took delivery of the first of two 737-800 Boeing Converted Freighter aircraft on lease from BBAM Limited Partnership. read more

Piper Sandler Selects First Business Financial Services as a Class of 2023 “Sm-All Star”

First Business Financial Services, parent company of First Business Bank, was selected by Piper Sandler for inclusion among its Sm-All Stars Class of 2023. read more

Société Générale Equipment Finance to Provide Financing for Volta Trucks Customers

Volta Trucks, a manufacturer of all-electric trucks, entered into a partnership agreement with Société Générale Equipment Finance to offer financing as part of Volta Trucks' truck-as-a-service (TaaS) solution. read more

Mitsubishi HC Capital America Hires Montemurro as VP of Sales for Structured Finance & Leasing

Tony Montemurro joined Mitsubishi HC Capital America’s structured finance and leasing team as vice president of sales. Previously, Montemurro held the position of vice president at both Alliance Funding Group and TCF Capital Solutions. read more

TD Bank Hires Gateman as Head of Middle-Market Products and Services

TD Bank appointed Jill Gateman the new head of middle-market products and services. Gateman joined TD Bank from PNC, where she served as executive vice president and co-head of corporate banking. read more

Commercial Equipment Finance Notes Receive Credit Rating Upgrades from DBRS

DBRS Morningstar upgraded notes issued by Commercial Equipment Finance 2021-A, the securitization affiliate of Commercial Equipment Finance. read more

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Terry Mulreany
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