Johnnie Martinez II, Author at Equipment Finance News

Excavators in a lot during a Ritchie Bros heavy equipment auction in Bolton, Ontario, Canada, on Tuesday, May 9, 2023. Ritchie Bros Auctioneers Inc., a Canadian firm that sells heavy equipment at auctions around North America, struck an agreement in November to buy IAA, which sells damaged and written-off vehicles.

Commercial vehicle marketplace RB Global’s revenue declined in the third quarter as commercial construction and transportation gross transaction values fell...

Karin Radstrom, chief executive officer of Daimler Truck Holding AG, at the IAA Transportation 2024 event in Hanover, Germany, on Monday, Sept. 16, 2024. The commercial vehicle exhibition runs until Sept. 22.

Daimler Truck’s new CEO unveils strategy

byJohnnie Martinez II

November 7, 2024

German commercial vehicle manufacturer Daimler Truck unveiled new strategic tenets under its new chief executive during the company’s third quarter...

Car carrier trailer transport new car from manufacturing factory to dealer. auto vehicle haul truck delivery. transport logistics in automotive industry. car carrier trailer load new car to shipping.

Average new commercial vehicle price hits $113,326

byJohnnie Martinez II

November 6, 2024

The average price of a new commercial vehicle, up to four model years old, is $113,326 today, while 2025 models...

Equipment finance digital adoption rate sees gains

byJohnnie Martinez II

November 6, 2024

Adoption of digital transactions in equipment finance grew again annually as dealers and lenders turned to digital workflows for compliance...

An employee uses a Hyster pallet truck to move a crate of packaged boxes of Johnnie Walker Red Label blended scotch whisky through the warehouse at Diageo Plc's bottling plant in Leven, Scotland, on Wednesday, June 19, 2013. Diageo Chief Executive Officer Paul Walsh will step down in July, almost 13 years shaping the company into the world's largest distiller and hand over the reins to his chief operating officer Ivan Menezes.

Hyster-Yale dealer sales slip following supply chain issues

byJohnnie Martinez II

November 5, 2024

Dealer sales for material handling manufacturer Hyster-Yale fell slightly in the third quarter as supply chain issues delayed product launches...

Scissor lifts 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.

Megaprojects boost performance at large equipment rental houses

byJohnnie Martinez II

November 4, 2024

H&E Equipment Services, Herc Rentals and United Rentals saw equipment rental revenue growth in the third quarter as megaprojects supported...

A truck pulls construction equipment in front of Tropicana Field after Hurricane Milton in St. Petersburg, Florida, US, on Friday, Oct. 11, 2024. Hurricane Miltons devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess the full extent of the damages.

Podcast: Equipment dealers key to disaster response

byJohnnie Martinez II

November 1, 2024

Equipment dealers play a key role in natural disaster response for their employees, customers and communities. There are 21 current...

M&A: PrivateCap enters equipment finance capital markets

byJohnnie Martinez II

October 31, 2024

Mergers, acquisitions and startups in the equipment industry picked up in October as companies adjust to a changing capital markets...

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