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News

Lender Operations

Gen AI to boost customer loyalty, Forrester says

byVaidik Trivedi

October 8, 2024

Financial services providers are exploring generative AI uses for coding, customer service and document automation and FIs are looking to...

A vehicle pulls a Global Holdings Inc. trailer into an equipment rental location in Berkeley, California, U.S., on Friday, May 6, 2016. Hertz is scheduled to release earnings figures on May 9.

Rentals

Equipment-as-a-Service sector strong in Q2

byJohnnie Martinez II

October 7, 2024

Equipment-as-a-Service performance showed strength in the second quarter as elevated interest rates and equipment demand persisted. North American traditional rental...

Transportation

Inside look: Bot Auto’s Verdon talks autonomous trucking strategy

byQuinn Donoghue

October 4, 2024

A Houston-based autonomous trucking company is ready to make a splash in an ascending industry. Recent advancements in AI, including...

Workers picket outside of the Port of Savannah in Savannah, Georgia, US, on Thursday, Oct. 3, 2024. Dockworkers walked out of every major port on the US East and Gulf coasts for the first time in nearly 50 years, staging a strike that could ripple across the world's largest economy and cause political turmoil just weeks before the presidential election.

Transportation

US dockworkers end strike, delay supply chain crisis

byJohnnie Martinez II

October 4, 2024

U.S. dockworkers tentatively ended their strike on Oct. 3 and agreed to return to work today as negotiations for a...

Construction outside a building in Bellevue, Washington, US, on Thursday, July 18, 2024. Deep divides in US cities leave troubled economies in downtown areas.

Dealer Operations

Equipment dealers capitalize on regional development booms

byQuinn Donoghue

October 3, 2024

Construction equipment dealers in fast-growing U.S. regions are capitalizing on demand driven by large infrastructure projects and a surge in...

Office buildings under construction in the Poblenou district of Barcelona, Spain, on Friday, Aug. 23, 2024. European office space take-up rose 9% in the second quarter from a year earlier, partly driven by the finance and insurance sector and the enforcement of return-to-work mandates. Equipment financiers

Lender Operations

Specialty equipment financiers see mixed results

byJohnnie Martinez II

October 3, 2024

Equipment financiers saw a mixed quarter as the lending environment remained tight. Many equipment financiers await the possibility of a...

Attendees and traders fill the trading floor as Volkwagen AG's Traton SE truck unit makes its initial public offering (IPO) at the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Friday, June 28, 2019. Volkswagen raised 1.55 billion euros ($1.8 billion) selling a stake in its trucks business, but only after pricing the offer at the low end of a target range to attract investors to one of Europes biggest initial public offerings this year.

Lender Operations

Traton Group revamping financial offerings

byJohnnie Martinez II

October 2, 2024

Transportation equipment manufacturer Traton Group is upgrading financial services across its truck and bus brands to meet consumer needs. Traton...

Tourists wait to watch the water fountain show from the Souk Al Baher, outside the Dubai Mall, in Dubai, United Arab Emirates, on Saturday, Nov. 7, 2015. Home prices in the emirate dropped 12 percent in the 12 months through June, the biggest decline among 56 residential markets tracked by broker Frank Knight LLP.

Lender Operations

Tougher regulations can aid ‘good’ brokers

byJohnnie Martinez II

October 1, 2024

Equipment finance brokers are facing increasing scrutiny as bad brokers attract regulators’ attention, but regulations can benefit good brokers. Equipment...

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