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News

A sign outside a Societe Generale SA bank branch in central Paris, France, on Monday, Feb. 5, 2024. Societe Generale plans to cut about 900 jobs at its French head office as part of Chief Executive Officer Slawomir Krupas plan to cut costs and strengthen capital.

Lender Operations

Groupe BPCE acquires Societe Generale Equipment Finance

byJohnnie Martinez II

April 11, 2024

Groupe BPCE has entered an agreement with fellow French bank Societe Generale to acquire Societe Generale Equipment Finance, as BPCE...

Lender Operations

U.S. Bank in need of new equipment finance chief

bySamson Amore

April 11, 2024

Anthony Cracchiolo, president and chief executive of U.S. Bank's equipment finance division, is set to retire this year. Cracchiolo helped...

Pacific Gas & Electric Corp. (PG&E) workers wearing protective masks look at clipboard in San Francisco, California, U.S., on Wednesday, Feb. 24, 2021. PG&E Corp. is scheduled to release earnings figures on February 25.

Dealer Operations

Utility companies boosting commercial EV adoption

byJohnnie Martinez II

April 10, 2024

Utility companies are capitalizing on the growing commercial electric vehicle market in places like California by venturing into a new...

Semi-trucks 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

Transportation

Trucking inventory glut continues in March

bySamson Amore

April 10, 2024

Inventory levels in all segments of the trucking market were up year over year in March, putting pressure on dealers....

Transportation

Truck dealers navigate used inventory challenges

byJohnnie Martinez II

April 9, 2024

Equipment dealers and asset managers continue to navigate the challenges of the used-truck market, amid fluctuating values, inventory and prices. ...

Trucking lenders eagerly await Fed interest rate cuts

Transportation

Orders for Class 8 trucks drop 8.7% in March

bySamson Amore

April 9, 2024

Orders Class 8 trucks in North America March decreased 8.7% year over year, according to data from industry analytics firm...

Generative AI helping find finance cybersecurity solutions

Lender Operations

‘Collaborative’ approaches to combating insurance fraud are key

bySamson Amore

April 8, 2024

Fraud in the equipment finance business continues to persist and the industry could cope with the rising number of bad...

A truck drives through the Port of Montreal in Montreal, Quebec, Canada, on Wednesday, Jan. 17, 2024. The Montreal Port Authority (MPA) says it saw a two per cent decline in volume in 2023 compared to the previous year, CTV News reports.

Transportation

Rising truck defaults, delinquencies expected to persist

byJohnnie Martinez II

April 5, 2024

Defaults and delinquencies continue to plague the equipment finance industry, and the transportation segment is still feeling it most. While...

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News

Groupe BPCE acquires Societe Generale Equipment Finance

U.S. Bank in need of new equipment finance chief

Utility companies boosting commercial EV adoption

Trucking inventory glut continues in March

Truck dealers navigate used inventory challenges

Orders for Class 8 trucks drop 8.7% in March

‘Collaborative’ approaches to combating insurance fraud are key

Rising truck defaults, delinquencies expected to persist

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