Today’s News

Ryder System to Acquire Pit Stop Fleet Service

Ryder System has entered into a definitive agreement to acquire Pit Stop Fleet Service, enabling the expansion and further strengthening of Ryder’s Torque by Ryder retail mobile maintenance business offering. read more

Gordon Brothers Expands Leasing and Lending Teams

Gordon Brothers has expanded the firm’s leasing and lending teams. As part of this expansion, Elijah Kaplan, managing director, lending and Steve Sanders, managing director, equipment finance, eastern region, have recently joined the firm to support its continued growth. read more

National Energy Improvement Fund Partners with HEVI to Provide Equipment Financing

HEVI, a manufacturer of all-electric heavy equipment, is partnering with the National Energy Improvement Fund to provide equipment financing. Through this partnership, HEVI customers will have access to a financing program for the purchase of HEVI’s all-electric heavy equipment. read more

DataScan Unveils RiskGuage Aimed at Enhancing Inventory Risk Management

DataScan unveiled RiskGauge, its newest advancement in inventory risk management aimed at enhancing visibility and precision in inventory monitoring and risk decision-making. RiskGauge consolidates multiple data sources to identify and prioritize genuine risk scenarios. read more

First American Named to Fortune’s 2024 Best Workplaces for Millennials List

Fortune and Great Place to Work have honored First American Equipment Finance as one of the 2024 Best Workplaces for Millennials (under 1,000 FTE). This is First American’s eighth time being named to the nationwide list, this year coming in at No. 14. read more

Fortifi Launches Enriching Communities Initiative

Fortifi Food Processing Systems, a global company in food processing equipment and automation solutions, launched its Enriching Communities initiative as part of its ongoing commitment to combat hunger and food insecurity. read more

Penske Relaunches Truck Rental Website for Business Customers

Penske Truck Rental relaunched its newly revamped website for commercial truck rental customers. Key features designed to improve user interaction and satisfaction include: truck first selection, interactive pricing map and enhanced insurance alternative coverages. read more

Air Lease Delivers First of 19 New Airbus Aircraft to Condor, Germany

Air Lease (ALC) delivered one new Airbus A321-200neo to Condor. This aircraft is the first of 19 new Airbus aircraft confirmed to deliver to the airline from ALC’s orderbook with Airbus through 2027, including 17 A321-200neos and two A320-200neos. read more

ACT Research: Preliminary Net Trailer Orders Indicate Slowdown Continues

Preliminary net trailer orders rose slightly from May to June, but at 6,300 units, were lower compared to last June, down 19% year over year, according to ACT Research. Seasonal adjustment at this point in the cycle boosts June’s tally to 8,100 units. read more

Syndifi and Tamarack Collaborate to Accelerate Equipment Finance Syndication Platform

Technology companies Syndifi and Tamarack Technology have entered a strategic partnership to support capital market teams in the industry. The companies plan to integrate the Syndifi platform with Tamarack’s SyndicationBuilder, develop product enhancements and pursue customer applications. read more

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Terry Mulreany
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