Johnnie Martinez II, Author at Equipment Finance News

A Hyster Co. truck moves newsprint rolls at the Washington Post newspaper production facility in Springfield, Virginia, U.S., on Friday, July 12, 2013. The Washington Post began publishing on Thursday, Dec. 6, 1877, and had a circulation of 10,000. The newspaper contained four pages and cost three cents a copy.

Material handling manufacturer Hyster-Yale reduced backlog and increased sales in the first quarter of 2024 as supply chain and lead...

Section 1071 likely to survive government challenges

byJohnnie Martinez II

May 8, 2024

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NASHVILLE — Section 1071 of the Dodd-Frank Act sits in legislative limbo though expectations persist that the regulation will remain...

NASHVILLE — The equipment finance industry is seeing a slight downturn as interest rates remain elevated and banks tighten their lending practices, with dealers and lenders looking to continue serving their customers while refining their finance and insurance operations.

3 key themes to watch at Equipment Finance Connect

byJohnnie Martinez II

May 6, 2024

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NASHVILLE — The equipment finance industry is seeing a slight downturn as interest rates remain elevated and banks tighten their...

Signage at a United Rentals location in Elizabethtown, Kentucky, U.S., on Friday, Jan. 21, 2022. United Rentals Inc. is scheduled to release earnings figures on January 26.

Rate increases help corporate rental houses overcome inflation

byJohnnie Martinez II

May 3, 2024

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H&E Equipment Services, Herc Rentals and United Rentals posted equipment rental revenue growth in the first quarter as rate increases...

CNH Industrial Capital originations rise 11%

byJohnnie Martinez II

May 2, 2024

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CNH Industrial Capital originations grew in the first quarter as appetite increased for the captive’s offerings, while delinquencies rose, parent...

Penske Truck Leasing unveils fleet management AI

byJohnnie Martinez II

May 1, 2024

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Transportation service provider Penske Truck Leasing has unveiled an artificial intelligence platform designed to give customers real-time access to fleet...

Storm clouds hang over farm fields in Chatsworth, Illinois, U.S., on Tuesday, Aug. 20, 2019. Inconsistency is the one constant coming out of a major U.S. crop tour that kicked off on Monday as scouts get to see first hand the impact of wild weather on Midwestern corn and soybean fields.

Farm equipment industry faces prolonged downturn

byJohnnie Martinez II

April 30, 2024

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Farmers continue to feel the impact of higher interest rates, lower commodity prices and rising costs, putting pressure on the...

Construction at the site of the Bellwether District, a 1300-acre property slated to become a complex for e-commerce, life sciences and logistics companies, in Philadelphia, Pennsylvania, US, on Tuesday, Feb. 27, 2024. The economy is on the upswing in Philadelphia and its suburbs after several years of pandemic-related weakness, but local Democratic leaders say Biden and the party need to do more to persuade voters that his administration deserves credit for the rebound.

Bank consolidation heats up again

byJohnnie Martinez II

April 29, 2024

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Bank consolidations related to equipment and commercial finance are heating up as regional banks continue to navigate the high interest...

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