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News

Construction at the site of the Bellwether District, a 1300-acre property slated to become a complex for e-commerce, life sciences and logistics companies, in Philadelphia, Pennsylvania, US, on Tuesday, Feb. 27, 2024. The economy is on the upswing in Philadelphia and its suburbs after several years of pandemic-related weakness, but local Democratic leaders say Biden and the party need to do more to persuade voters that his administration deserves credit for the rebound.

Lender Operations

New business volume, employment up in May

byAidan Bush

July 5, 2024

New business volume in equipment finance surged year over year in May. But the growth may slow in the coming...

John Deere equipment for sale at a United Ag and Turf dealership in Colchester, Connecticut, US, on Friday, Nov. 3, 2023. Deere & Co. is expected to release earnings figures on November 22.

Agriculture

John Deere, AGCO lay off workers amid ag slowdown

byJohnnie Martinez II

July 3, 2024

Equipment manufacturers John Deere and AGCO have reduced their workforces in the past few weeks as the agricultural economy slowdown...

Lender Operations

2 state commercial finance disclosure laws take effect

byJohnnie Martinez II

July 2, 2024

Connecticut and Kansas are the most recent states to adopt disclosure laws as more states seek commercial financing regulations; the...

Rentals

Equipment-as-a-Service model drives rental industry boom

byJohnnie Martinez II

July 2, 2024

The equipment rental industry continues to experience significant growth as the “as-a-service” model helps meet rising customer demand. Equipment-as-a-service (EaaS)...

A hydraulic truck dumps earth on the construction site of the European Union (EU) Court of Justice extension project in the Plateau de Kirchberg district of Luxembourg, on Monday, July 15, 2019. Brexit has made Luxembourg a favorite EU hub for insurers, funds and asset managers to relocate to from the U.K. Moves include those by insurance giant American International Group Inc., private-equity firm Blackstone, RSA Insurance Group Plc, U.S. insurer FM Global, Lloyd's of London insurer Hiscox Plc and asset manager M&G Investments.

Transportation

Rising premiums further burden trucking industry

byJohnnie Martinez II

July 1, 2024

Rising insurance premiums were among increasing costs affecting the trucking industry in 2023, despite declining accident rates. Truck insurance premiums...

Vehicles for sale at an AutoNation Honda dealership in Fremont, California, US, on Monday, June 24, 2024. The hack that's disrupted business at thousands of car dealerships in North America is now in the process of getting resolved, the targeted software provider CDK Global said.

Dealer Operations

Hacked software firm CDK expects all dealers live by July 4

byBloomberg News

July 1, 2024

CDK Global, the software provider to roughly 15,000 car dealerships across North America that was hacked nearly two weeks ago,...

Lender Operations

Software automation key for compliance

byJohnnie Martinez II

June 28, 2024

Software automation is the easiest way for lessees and lessors to maintain compliance and meet needs and requirements. The three...

Deere sees autonomy as labor solution despite cost, adoption concerns

Lender Operations

M&A: Orrstown Financial Services, Codorus Valley Bancorp to merge

byAidan Bush

June 28, 2024

With M&A activity at a high point lately, several transactions have received regulatory approval and are expected to close within...

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News

New business volume, employment up in May

John Deere, AGCO lay off workers amid ag slowdown

2 state commercial finance disclosure laws take effect

Equipment-as-a-Service model drives rental industry boom

Rising premiums further burden trucking industry

Hacked software firm CDK expects all dealers live by July 4

Software automation key for compliance

M&A: Orrstown Financial Services, Codorus Valley Bancorp to merge

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