Odessa, a software and technology provider for the lending and leasing industry, launched an auto finance originations platform, the first part of Odessa Auto, an end-to-end auto finance suite. read more

APR 25, 2024 - 6:55 am

Boston Financial & Equity recently closed a lease for $600,000 for a healthcare technology service company that provides a service that monitors patients that have been released from a point of care. read more

APR 25, 2024 - 6:53 am

Freight demand is nearing an upturn as growing goods spending, a turning inventory cycle and rising industrial production will add to freight demand this year, according to ACT Research, which projected that after a two-year downturn, the upturn is likely to being within the next few months. read more

APR 25, 2024 - 6:53 am

Katerina Jones, the chief marketing officer of Fleet Advantage, was honored with the National Private Truck Council’s Excellence in Membership Award at the organization’s 2024 annual conference and exhibition. read more

APR 25, 2024 - 6:53 am

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed new lease agreements for a fleet of an additional seven narrowbody and widebody aircraft with existing customer Turkish Airlines, the flag carrier of Türkiye. read more

APR 25, 2024 - 6:50 am

IronTrax shared insights on the construction industry for Q1/24, focusing on several topics that pertain to the industry as a whole, including an industry outlook for 2024, the anticipated plunge in office real estate values, a surge in job openings, the record-high share price achieved by Caterpillar and a summary of trends in used equipment values. read more

APR 24, 2024 - 6:44 am

Leasepath, a provider of financial technology solutions for the asset finance industry, hired Stefany Rojas as executive director and vice president of client relations and Anne Jenkins as vice president of product management. read more

APR 24, 2024 - 6:43 am

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 2% in March after increasing 4% in February. In March, the index equaled 113.4 compared with 115.7 in February. read more

APR 24, 2024 - 6:42 am

Arundel Capital, a privately-held industrial equipment lease financing company headquartered in Calgary, AB, reached an agreement to buy out its minority partner, Jean Perreault. read more

APR 24, 2024 - 6:42 am

Equipment and services company CNH signed an agreement for a €3.25 billion ($3.47 billion) committed revolving credit facility. According to an 8K filed with the SEC, the facility is unsecured and was entered into with a group of 18 banks, including Citibank as facility agent. read more

APR 24, 2024 - 6:42 am

Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance, is celebrating nine years of business this month. Since its inception in 2015 with four founding employees, WCF has grown to a staff of more than 55 and originated more than $4.7 billion in new business volume for its customers. read more

APR 24, 2024 - 6:40 am

The board of directors of Renasant Corporation, the parent company of Renasant Bank, implemented the next step of its management succession plan, designating Kevin D. Chapman to become CEO of the company and the bank in May 2025. read more

APR 24, 2024 - 6:40 am

March trailer net orders, at 13,600 units, were nearly 25% lower year over year and 7,000 units below February’s intake, according to ACT Research, bringing Q1/24 net orders to 48,300 units, down 29% from Q1/23’s faster paced order environment. read more

APR 24, 2024 - 6:37 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume in the equipment finance industry for March was $9.3 billion, down 7% year over year but up 18% from $7.9 billion in February. read more

APR 23, 2024 - 6:50 am

Mitsubishi HC Capital Canada is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector. The company hired Jim Moschos as the director of the new technology finance division. Moschos and his team will provide financing options that help end-users acquire hardware, software and services. read more

APR 23, 2024 - 6:50 am