Today’s News

Ritchie Bros. Financial Services Appoints Macaskill Managing Director

Ritchie Bros. Financial Services appointed Blake Macaskill managing director. Macaskill previously served with CIT Canada, DLL and GE Capital. read more

Freedom Boat Club Selects Northpoint Commercial for Finance Program

Freedom Boat Club selected Northpoint Commercial Finance as it provider for a new, specially designed install and pay finance program for its franchise network. read more

GE Sells Industrial Solutions Business to Switzerland’s ABB

Switzerland’s ABB announced the acquisition of GE Industrial Solutions for $2.6 billion. GE’s global electrification solutions is headquartered in Atlanta and has about 13,500 employees around the world. read more

Report: JPMorgan Most Popular Brand, U.S. Bank Most Loyal Customers

According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank. U.S. Bank proved to have the most loyal customers. read more

Phoenix American Financial Hires SVP, Fund Accounting

Phoenix American Financial hired Justin Deitrick as senior vice president, Fund Accounting. PAF provides administration and accounting services for asset backed securitizations, specializing in the commercial aircraft and engine leasing industry. read more

Bloomberg: Low Fuel Prices Keep Older Planes Flying

Bloomberg reported that the aircraft intended to replace jumbo jets like the Boeing 747 and Airbus’s A380 are feeling the pinch brought on by the drop in jet fuel which is down by 40% from 2014. read more

Maxim Crane Places Large Order for New Alimak Hoists

Alimak Hek and Maxim Crane Works formed a strategic alliance. Alimak Hek will supply personnel and material hoists to complement Maxim Crane Works’ tower crane and lifting services rental fleet. read more

China Development Bank Leasing Aircraft Deal worth $12.6B

China Development Bank Financial Leasing signed agreements to buy 60 aircraft from Boeing and 45 planes from Airbus in deals totaling $12.6 billion at their list prices. read more

ACT: August Trailer Build Up 14% Sequentially, 9% Y/Y

According to ACT Research, August tied March for the longest trailer OEM work schedule of the year, which was also three days longer than July. read more

TIP Trailer Services Refinances ABS Program

European equipment service provider TIP Trailer Services successfully refinanced its asset backed securitization program. read more

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