Today’s News

North Star Leasing Achieves Company Funding Record in 2020

North Star Leasing reported that it set company records in annual, quarterly and monthly funding in 2020. In all, North Star Leasing processed more than 6,600 applications totaling $236 million during the year. read more

CIT Arranges $56MM Financing for Seamax Containerships

CIT’s maritime finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II. read more

IDS Completes 20 Go-Lives on Cloud-Based Lending Platform

IDS, a provider of asset and equipment finance technology, enabled 20 customer go-lives and crossed the $36 billion mark of committed NAV on the IDScloud platform. read more

ACT: Class 8 Volumes Were 25% Higher in 2020 vs. 2019

Preliminary used Class 8 volumes were 25% higher in 2020 compared with 2019, according to ACT Research, which further noted that preliminary used Class 8 volumes rose 11% month over month in December. Compared with December 2019, volumes gained 27%. read more

Avolon Predicts Growth in Aircraft Leasing to Finance Airline Fleet Renewal in 2021

In its 2021 outlook paper, Avolon forecasted that two-thirds of new passenger aircraft deliveries will be financed by lessors, with the airline funding gap closed through lessor placements and sale leasebacks. read more

Rainstar Capital Group Marks 7-Year Anniversary

Rainstar Capital Group, a national debt advisory firm based in Grand Rapids, MI, is celebrating its seventh year in business in 2021. read more

Forbes Ranks Air Transport Services Group No. 71 Best Small-Cap Company

Forbes named Air Transport Services Group one of the 100 Best Small-Cap Companies of 2021. Forbes published the list on Dec. 4, with ATSG ranking No. 71. read more

Earthborne Opens New Facility in Warrington, PA

Equipment and truck dealership Earthborne moved into a new facility on Titus Avenue in Warrington, PA. The 75,000-square-foot facility includes an equipment showroom, a parts department, a temperature-controlled drive through and service center, and more. read more

TD Bank Acquires Wells Fargo’s Canadian Direct Equipment Finance Business

TD Bank and Wells Fargo entered a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian direct equipment finance business. read more

CLFP Foundation Elects CoreTech’s Reinhart to 2021 Board of Directors

Candace Reinhart, CLFP, senior vice president of operations and syndications at CoreTech Leasing, was elected to the board of directors of the Certified Lease & Finance Professional Foundation. read more

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