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News

The financial district of Santiago, Chile, on Monday, Jan. 6, 2025. Chiles central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.

Lender Operations

Alta Group predicts equipment finance growth in 2025

byJohnnie Martinez II

January 15, 2025

The equipment finance industry appears set for growth in 2025 after a pause that set it back following the collapse...

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.

Dealer Operations

Dealers turn to new IronConnect platform as auction values plunge 9% YoY

byQuinn Donoghue

January 15, 2025

Heavy-equipment dealers are increasingly steering clear of the beleaguered auction market and seeking more lucrative ways to liquidate used gear...

Transportation

California ends push for pollution rules likely doomed by Trump

byBloomberg News

January 15, 2025

California clean-air regulators withdrew requests with the Biden administration to set tougher pollution rules in the state for heavy-duty trucks,...

A farmer operates a Deere & Co. combine to harvest soybeans in Ita, Sao Paulo state, Brazil, on Wednesday, Feb. 24, 2021. The impact of Brazils late soybean harvest has hit the roads of the nations northern export route, ensnaring truckers in long lines and threatening further delays ofshipmentsto China.

Agriculture

FTC prepares lawsuit over Deere equipment repair practices

byBloomberg News

January 15, 2025

The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment...

Rentals

United Rentals buying H&E Equipment Services for $5B

byJohnnie Martinez II

January 14, 2025

United Rentals is acquiring H&E Equipment Services for nearly $5 billion, further increasing its position as the largest North American...

Tractor-trailer trucks wait to enter the Port of Baltimore in Baltimore, Maryland, U.S., on Monday, March 23, 2020. A shipping container shortage that's left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels.

Transportation

Used-truck prices ‘hit bottom’ as inventory dwindles

byQuinn Donoghue

January 14, 2025

Used-truck prices may have finally bottomed out as heavy-duty inventory declined in December amid loosened lending standards and broader economic...

Electric Vehicles (EV) at the Amazon Delivery Station in Maple Valley, Washington, US, on Thursday, March 14, 2024.

Transportation

Amazon places its largest electric truck order

byEquipment Finance News, AI Assisted

January 14, 2025

Amazon has announced its largest-ever order of electric heavy-duty vehicles as it works to achieve net-zero carbon emissions by 2040....

First National Capital Corporation Reports Record $448 Million in Annual Fundings

Lender Operations

First National Capital reports record annual fundings

byEquipment Finance News, AI Assisted

January 14, 2025

First National Capital Corporation achieved a record annual funding volume of $448 million for 2024, marking a significant milestone in...

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News

Alta Group predicts equipment finance growth in 2025

Dealers turn to new IronConnect platform as auction values plunge 9% YoY

California ends push for pollution rules likely doomed by Trump

FTC prepares lawsuit over Deere equipment repair practices

United Rentals buying H&E Equipment Services for $5B

Used-truck prices ‘hit bottom’ as inventory dwindles

Amazon places its largest electric truck order

First National Capital reports record annual fundings

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Dealer Operations

Core capital goods orders rise 12.5% YoY in June

Premier Equipment Solutions selects Chasi AI for dealership platform

Scag Power Equipment partners with Huntington, Octane

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