Johnnie Martinez II, Author at Equipment Finance News

A Volvo Trucks VNR electric class 8 tractor during an electric vehicle showcase and display outside the Department of Transportation headquarters in Washington, D.C., U.S., on Wednesday, Oct. 20, 2021. The congressional bipartisan infrastructure deal includes a $7.5 billion investment in electric vehicle charging and more than $10 billion for zero and low-emission buses as part of the White House administration's effort to transition to clean energy.

Heavy-duty electric vehicles, especially in the Class 8 space, face a tough road as the economics behind zero emission-vehicles don’t...

New orders for durable goods jumped in July following a June revised contraction as transportation orders picked up while most other industries remained idle ahead of expected interest rate cuts and the 2024 elections.

Durable goods new orders spike nearly 10% in July

byJohnnie Martinez II

August 26, 2024

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New orders for durable goods jumped in July following a June revised contraction as transportation orders picked up while most...

Used International trucks manufactured by Navistar International sit on the lot of the company's used truck facility in Melrose Park, Illinois Wednesday, Aug. 15, 2001. The fourth-largest truckmaker reported fiscal third-quarter earnings fell 98 percent as a glut of used trucks and the effects of the slowing U.S. economy reduced demand. The Melrose Park lot, one of 15 company owned lots, has nearly 300 trucks in inventory.

Premier Truck Group concerned by used-truck financing

byJohnnie Martinez II

August 23, 2024

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Used-truck financing remains a concern for commercial vehicle dealers as tighter credit and higher prices limit affordability and sale of...

A Penske rental truck travels on Interstate 395 (I-305) in Alexandria, Virginia, U.S., on Wednesday, July 29, 2015. The U.S. Senate advanced its version of a long-term highway funding bill Wednesday as Congress prepares a stopgap measure to keep funds flowing for the next three months. The Highway Trust Fund's authorization is set to expire after July 31.

Penske sees pickup in commercial truck leasing market

byJohnnie Martinez II

August 22, 2024

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COLUMBUS, Ind. — Contractual agreements — like leases — are beginning to perform better than transactional agreements — like rentals...

COLUMBUS, Ind. — Trucking industry executives want interstate regulations for emissions and sustainability in advance of proposed 2027 regulations that they say present different challenges in different states.

Trucking execs push for interstate emissions regs

byJohnnie Martinez II

August 21, 2024

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COLUMBUS, Ind. — Trucking industry executives want interstate regulations for emissions and sustainability in advance of proposed 2027 regulations that...

Key to compliance in 2024: security and trust

byJohnnie Martinez II

August 20, 2024

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Two key motivators for compliance efforts are validating security controls and establishing trust with stakeholders, business leaders are saying. A-lign’s...

Truck cranes stand on display among other heavy construction machinery for sale at the Ritchie Bros. auction in Ocana, Spain, on Thursday, Sept. 13, 2012. Spain's Prime Minister Mariano Rajoy, who has been calling for central bank purchases of government bonds since taking office in December, has spent six weeks hesitating since ECB President Mario Draghi said Aug. 2 that any aid would have conditions attached.

Podcast: Poor risk management is creating lender exposure issues

byJohnnie Martinez II

August 16, 2024

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Equipment financiers face exposure issues in key segments as pandemic-era risk management decisions continue to become portfolio problems. While the...

A Volvo Inc. excavator operates at a road construction site in Gwadar, Balochistan, Pakistan, on Tuesday, July 4, 2018. What used to be a small fishing town on the southwestern corner of Pakistan is giving way for construction of roads and buildings to house banks, insurance and clearing agents. China Overseas Port Holdings, Gwadar Ports operator, has separately spent $250 million to add five new cranes, construct a building in less than six months by importing ready made parts and create space for a free zone.

Ferronordic US sales boost Q2 revenue

byJohnnie Martinez II

August 15, 2024

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Construction and truck equipment dealer Ferronordic increased revenue in the second quarter despite a decline in overall sales due to...

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