News

Equipment Depot Targets $1B Revenue by 2025, Top Leadership Positions Evolve

Equipment Depot is on track to meet its aggressive financial growth goal of reaching $1 billion in revenue within five years. Its top leadership positions began to evolve as the company prepared for growth. read more

Greenbrier Companies Orders for 15,300 New Railcars Valued at $1.9B

The Greenbrier Companies received orders for 15,300 new railcars with an aggregate value of $1.9 billion during its fiscal fourth quarter, which ended on Aug. 31, 2023. read more

Crain’s Recognizes Liventus as a Top Workplace in Chicago

Liventus ranked No. 35 in Crain’s Chicago Business’s “Best Places to Work 2023” list. read more

ACT Research: Freight Markets Remain Soft Amid Private Fleet Expansion

Though significant progress has been made in rebalancing, it’s unlikely that freight industry capacity will broadly tighten until pressure from capacity growth eases, according to ACT Research. read more

Transervice Logistics Named Corporate Citizen of the Year by Long Island Business News

Transervice Logistics was recognized for its corporate social responsibility as one of Long Island Business News’ 2023 Corporate Citizenship Honorees. read more

Wintrust Specialty Finance Hires Longo as Chief Credit Risk Officer

Dominick Longo joined Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, a Wintrust Community Bank, as senior vice president, chief credit risk officer. read more

North Mill Announces $456MM Term Securitization

North Mill Equipment Finance closed its seventh asset-backed securitization, NMEF Funding 2023-A. read more

Equipment Finance Cares Holds Fourth 2023 Event in Chicago

Equipment Finance Cares held its fourth event of 2023 this last week in Chicago. More than 50 equipment finance professionals attended, representing 33 different organizations. read more

Webster Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary

Webster Financial Corporation appointed Kristy Berner as executive vice president, general counsel and corporate secretary of Webster Financial Corporation and Webster Bank. read more

LeasePoint Ranks on Inc.5000 List for Nation’s Fastest Growing Businesses

LeasePoint Funding Group, a fintech company specializing in equipment financing, received recognitions on prestigious business growth lists. The company has successfully ranked #180 on the Inc.5000 list of the fastest-growing businesses in the nation. read more

Biz2Credit: Annual Revenue for Latino-Owned Businesses Increased 23.1% in 2022 – 2023

Average annual revenue for Latino businesses increased by 23.1% in 2022 – 2023 over the previous 12-month period, according to the annual Biz2Credit Latino-Owned Business Study. read more

Manufacturers Bank Appoints Olga Tsokova as Chief Financial Officer

Manufacturers Bank appointed Olga Tsokova as chief financial officer. read more

ACT Research: Factors Signal a Fundamentally Weaker U.S. Tractor Market in 2024

Factors are at work in 2024, and those factors will help support a fundamentally weak U.S. tractor market, according to ACT Research. read more

Equipment Finance Industry Confidence Steady in September

The Equipment Leasing & Finance Foundation released the September 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). read more

Broad Fit Financial Announces Official Launch to Serve Fitness Equipment Finance Needs

Broad Fit Financial announced its official launch as an equipment finance company dedicated to providing financing for businesses acquiring fitness equipment and related equipment. read more

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