Johnnie Martinez II, Author at Equipment Finance News

A Bobcat Rogue X all-electric and autonomous concept compact track loader during the ConExpo-Con/Agg tradeshow in Las Vegas, Nevada, US, on Tuesday, March 14, 2023. The convention, which takes place every three years, expects 130,000 attendees.

Doosan will no longer merge Doosan Bobcat with Doosan Robotics due to regulatory and industry scrutiny. Plans to combine the...

Construction outside a building in Bellevue, Washington, US, on Thursday, July 18, 2024. Deep divides in US cities leave troubled economies in downtown areas.

Sunbelt U.S. rental revenue rises 6% to $2.2B

byJohnnie Martinez II

September 3, 2024

Sunbelt Rentals’ rental revenue in the United States grew as volume and rates remained strong in the first quarter of...

A semi-truck hauls a container at the Sociedad Portuaria Regional de Cartagena (SPRC) terminal at the Port of Cartagena in Cartagena, Colombia, on Thursday, Dec. 9, 2021. Colombia's exports rose to $3.795b in October from $3.573b in September.

Tight lending environment pressures transportation market

byJohnnie Martinez II

August 30, 2024

Continued tightness in the transportation lending market is a concern for dealers and auctioneers ahead of the new model year. ...

A grain cart carries corn during a harvest at a farm in Sinop, Mato Grosso state, Brazil, on Wednesday, June 26, 2024. Young entrepreneurs are stepping into agricultural leadership roles in the latest threat to US farming's dwindling influence.

Titan Machinery agriculture revenue dives 10%

byJohnnie Martinez II

August 29, 2024

Equipment dealer Titan Machinery‘s agriculture segment revenue dropped in the second quarter of fiscal 2025 as farm profits and farmer...

Labor Day signals yearend stretch for equipment dealers

byJohnnie Martinez II

August 28, 2024

Labor Day signals a long weekend and the end of summer for most Americans, including equipment dealers, but it also...

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 EVs face uphill climb

byJohnnie Martinez II

August 27, 2024

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

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

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

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