Quinn Donoghue, Author at Equipment Finance News

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Fintechs are launching products and services to help equipment financiers meet compliance requirements as the industry embraces digitalization. At...

Midland, Banc of California shrink equipment finance portfolios in 2024

byQuinn Donoghue

January 24, 2025

Several lenders shrunk their equipment finance and leasing portfolios in 2024 while grappling with increased charge-offs, highlighting challenges facing some...

A worker uses a Hyster-Yale Materials Handling Inc. pallete truck to load bags of cement at the Hercules cement plant, operated by PPC Ltd., in Pretoria, South Africa, on Thursday, Sept. 3, 2015. PPC Ltd., South Africa's largest cement maker, has drawn up a plan to generate 400 million rand ($34 million) in extra profit each year as the company seeks to improve performance amid a flagging share price.

Briggs Industrial promotes Wells to president

byQuinn Donoghue

January 23, 2025

A heavy-equipment supplier, an insurance provider, a fintech and several financial services firms reported key leadership changes in January. Wells...

Heavy equipment tech company expanding semi-autonomous capabilities

Commercial Fleet, C.H. Brown, Anderson Equipment join Equipment Finance News webinar

byQuinn Donoghue

January 22, 2025

Equipment industry lenders and dealers will come together for Equipment Finance News’ upcoming webinar “Dealers and Lenders: Solving Shared Challenges,”...

Independent lenders fill ‘critical gaps’ as banks pull back

byQuinn Donoghue

January 22, 2025

Independent equipment lenders are capitalizing on their flexibility and personalized service to fill funding gaps created by banks’ growing conservatism. ...

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.

Used-truck retail sales surge 23%

byQuinn Donoghue

January 21, 2025

Used-truck sales spiked in December as fleet owners took advantage of favorable deals ahead of continued price hikes while benefiting...

New Mercedes trucks and vans at a Daimler AG truck center in Kalbach, Germany, on Thursday, Feb. 4, 2021. Daimler is moving ahead with plans for an initial public offering of its sprawling heavy-truck unit in what could be one of Germanys largest share sales ever.

Commercial truck supply, prices jump 4% MoM

byQuinn Donoghue

January 17, 2025

The number of commercial trucks available for sale spiked in January while prices rose for new and used vehicles. Equipment Finance...

Cranes and boom lifts stand at an equipment rental company near a construction site in Japan.

Equipment lender confidence reaches 30-month high

byQuinn Donoghue

January 17, 2025

Improving economic conditions and potential tax breaks are expected to drive up equipment purchasing this year, contributing to increased lender...

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