Johnnie Martinez II, Author at Equipment Finance News

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.

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

Equipment finance e-contracting rose 34% quarter over quarter and 41% during the past four years, Tim Yalich, head of motor vehicle strategy at vehicle finance software provider Wolters Kluwer,

Equipment finance industry e-contracting adoption breaks out

byJohnnie Martinez II

August 14, 2024

Digital transactions are on the rise in the equipment finance industry as it moves into the future. Equipment finance e-contracting...

A Nikola Corp. Tre FCEV truck following its unveiling at the IAA Transportation show in Hanover, Germany, on Monday, Sept. 19, 2022. Global leaders Daimler Truck Holding AG and Volvo AB are joining dozens of commercial-vehicle makers in Germany this week to showcase their latest electric semis, with more zero-emissions vehicles debuting at the IAA Transportation show than ever before.

EV maker earnings show volatility in Q2

byJohnnie Martinez II

August 13, 2024

EV manufacturers Lion Electric, Mullen Automotive and Nikola remained volatile in the second quarter as the market navigates shifting consumer...

Land Pride is leveraging Vero Technologies, which provides customized floorplan financing programs to help create dynamic floor plans for its affiliated dealers.

Land Pride partners with Vero Technologies on floorplan

byAidan Bushand1 others

August 12, 2024

Salina, Kan.-based dealer Land Pride is leveraging Vero Technologies, which provides customized floorplan financing programs, to help create dynamic floor...

Harbinger sells to larger fleet operators such as Bimbo Bakeries USA, the U.S. business of Grupo Bimbo, the world’s largest baking company,

Harbinger expands EV adoption through chassis sales

byJohnnie Martinez II

August 12, 2024

Commercial EV manufacturer Harbinger plans to capitalize on the medium-duty truck market as more companies explore the growing technology. Garden...

Alta Equipment Group’s new- and used-equipment sales dipped in the second quarter as the equipment sales market weakened despite revenue growth.

Alta Equipment’s sales dip

byJohnnie Martinez II

August 8, 2024

Alta Equipment Group’s new- and used-equipment sales dipped in the second quarter as the equipment sales market weakened despite revenue...

The launchpad of the SaxaVord Spaceport, from Skaw Beach on Unst in the Shetland Islands, UK, on Monday, May 20, 2024. SaxaVord, a former military site, plans to subsidize rocket launches by becoming a one-of-a-kind travel destination.

Trinity Capital equipment finance portfolio up 36%

byJohnnie Martinez II

August 7, 2024

Capital market financing firm Trinity Capital increased its equipment finance portfolio outstandings in the second quarter of 2024 as equipment...

Trailers 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.

RB Global gross transaction values boosted by Yellow Corp. units

byJohnnie Martinez II

August 6, 2024

Commercial vehicle marketplace RB Global’s gross transaction values increased in its commercial construction and transportation sector in the second quarter...

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