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News

Agriculture

Used agriculture inventory climbs

byQuinn Donoghue

August 19, 2024

Elevated inventory persisted in nearly all segments of the used agriculture equipment market, with the used-tractor category seeing the largest...

Agriculture

Agriculture trader The Andersons names Bill Krueger as CEO

byBloomberg News

August 19, 2024

The Andersons Inc. tapped Bill Krueger as chief executive officer, who will take the reins of the crop trader as...

Truck cranes stand on display among other heavy construction machinery for sale at the Ritchie Bros. auction in Ocana, Spain, on Thursday, Sept. 13, 2012. Spain's Prime Minister Mariano Rajoy, who has been calling for central bank purchases of government bonds since taking office in December, has spent six weeks hesitating since ECB President Mario Draghi said Aug. 2 that any aid would have conditions attached.

Podcast

Podcast: Poor risk management is creating lender exposure issues

byJohnnie Martinez II

August 16, 2024

Equipment financiers face exposure issues in key segments as pandemic-era risk management decisions continue to become portfolio problems. While the...

Bobcat boosting electric adoption with Sunbelt Rentals

News

Opifex-Synergy merger builds 9th-largest equipment rental company

byQuinn Donoghue

August 16, 2024

A pair of heavy-equipment rental companies joined forces and secured financing last week to expand their presence across the Sun...

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.

Dealer Operations

Ferronordic US sales boost Q2 revenue

byJohnnie Martinez II

August 15, 2024

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

John Deere partners with Chervon to sell battery-powered equipment

Lender Operations

John Deere Financial profit plunges

byQuinn Donoghue

August 15, 2024

The financial services division of Deere & Co. reported a 29% decline in net income year over year in its...

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,

Lender Operations

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...

UAW says 4,000 union workers at Mack Trucks will strike Monday

Transportation

Used Class 8 retail sales rise 32%

byQuinn Donoghue

August 14, 2024

Used Class 8 truck retail sales surged in July despite summer slowdowns and the ongoing freight recession. Used Class 8...

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News

Used agriculture inventory climbs

Agriculture trader The Andersons names Bill Krueger as CEO

Podcast: Poor risk management is creating lender exposure issues

Opifex-Synergy merger builds 9th-largest equipment rental company

Ferronordic US sales boost Q2 revenue

John Deere Financial profit plunges

Equipment finance industry e-contracting adoption breaks out

Used Class 8 retail sales rise 32%

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