The annual total cost to transport by elective vehicles versus diesel is estimated to increase across the board — ranging from up to 5% for a light-duty transit van to as much as 114% for a heavy-duty tractor (depending on the geographic area), according to Ryder System. read more

MAY 9, 2024 - 7:06 am

Sentiment among North American carriers operating in the truckload spot market has improved over the past three months, though some concerns still linger, according to the latest Bloomberg | Truckstop survey. read more

MAY 9, 2024 - 7:05 am

The National Equipment Finance Association (NEFA) raised over $30,000 in support of Laura’s House during the Karaoke Tsunami charity event at the 2024 Spring Conference held in Huntington Beach, CA on March 25. read more

MAY 9, 2024 - 7:04 am

First Citizens Wealth launched new enhancements to its private investments capabilities that enable qualified clients to invest in growth-oriented opportunities outside of the traditional public securities markets. read more

MAY 9, 2024 - 7:04 am

First Business Bank added Kyle Bergeron to its subsidiary, First Business Specialty Finance, as president, equipment finance. Bergeron will shape strategy, foster client success, guide growth, expand partner networks and continue to develop the bank’s equipment finance team. read more

MAY 8, 2024 - 6:56 am

John Gougeon joined UniFi Equipment Finance, a wholly owned subsidiary of Bank of Ann Arbor, as president. He is joining the UniFi team with more than 35 years of experience in the equipment finance industry. read more

MAY 8, 2024 - 6:56 am

LEAF Commercial Capital appointed Steve Mosley to director of sales, office products group, according to a LinkedIn post from Mosley. As he transitions to this new role, Mosley will continue to serve his current clients in North and South Carolina, as well as Georgia. read more

MAY 8, 2024 - 6:55 am

Tom White joined the Summit Funding Group team as a senior account manager. In this role, he will be responsible for developing and expanding business on the West Coast. Previously, White worked for notable equipment finance companies like Caterpillar Financial and Wells Fargo. read more

MAY 8, 2024 - 6:55 am

The rate of adoption for digital contracting increased 19% month over month and 28% year over year, according to Wolters Kluwer’s Equipment Lease Finance Digital Transformation Index. The moving four-year trend continues to show digital adoption growth of 118% since Q1/20. read more

MAY 8, 2024 - 6:55 am

Medium-duty construction inventory levels were up 3.23% month over month and 59.05% year over year, while heavy-duty construction levels increased 4.39% month over month and 21.62% year over year, according to Sandhills Global’s Construction Market Report for April. read more

MAY 8, 2024 - 6:54 am

Centra Funding acquired the LeaseQ restaurant and franchise team and its associated equipment finance platform from TimePayment. Partners and customers can expect a seamless transition with the same level of service and commitment from LeaseQ’s restaurant and franchise team. read more

MAY 8, 2024 - 6:54 am

Economic activity in the hospital subsector grew in April for the eighth consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, according to hospital supply executives in the latest Hospital ISM Report On Business. read more

MAY 8, 2024 - 6:54 am

REGENT and MONTE formed a new strategic partnership at CoMotion Miami to increase the accessibility of sustainable maritime travel. Under the agreement, MONTE will purchase up to $300 million of REGENT’s new high-speed, zero-emissions coastal vessels. read more

MAY 8, 2024 - 6:53 am

The Equipment Leasing and Finance Association awarded Paul Bent, senior managing director at The Alta Group, the Edward A. Groobert Award for Legal Excellence in recognition of his significant contributions to the association and the equipment finance industry. read more

MAY 7, 2024 - 6:50 am

Digital wallets use grew in 2023, with efficiency-focused businesses increasing their use by 31% and convenience-minded consumers experiencing a 32% increase, according to studies administered by the Federal Reserve Financial Services. read more

MAY 7, 2024 - 6:50 am