Oaktree closes $2B asset-backed finance fund
Oaktree Capital Management closed its Asset-Backed Finance Fund I with $2 billion in commitments across the fund and related investment...
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Finning acquires John F Hunt Power
Finning, the world's largest Caterpillar dealer, has acquired generator rental company John F Hunt Power. The acquisition expands Finning's power...
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AI investments, fleet replacements buoy equipment finance demand
AI-related investments, construction activity and fleet replacement cycles are eclipsing macroeconomic challenges as equipment finance volume remains on track for...
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Trinity Capital prices $350M offering of 7.5% notes
Trinity Capital priced a $350 million underwritten public offering of 7.5% unsecured notes due 2032. The notes will mature Jan....
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EquipmentShare, Cummins partner on power solutions
Equipment rental and technology company EquipmentShare has announced a multiyear fleet agreement with Cummins to expand its natural gas power-generation...
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Off-road vehicle demand shifts toward utility use after pandemic recreation surge
Off-road vehicle demand is shifting toward utility and land-use equipment after pandemic-era buyers gravitated toward recreational side-by-sides. During the pandemic,...
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China has an 18-wheel answer to soaring global diesel prices
As Qu Shaolong pulls his electric truck into one of the many charging stations that dot the Chinese coal hub...
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EV truck maker Harbinger gets over $300 million order from FedEx
Harbinger Motors Inc. will deliver 2,000 all-electric trucks to FedEx Corp. in a deal worth more than $300 million, deepening...
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