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News

Transportation

PACCAR Financial Services revenue up more than 18%

bySamson Amore

April 30, 2024

PACCAR Financial Services, the financing arm of Bellevue, Wash.-based truck maker PACCAR, saw record first-quarter revenues of $509.3 million amid...

Storm clouds hang over farm fields in Chatsworth, Illinois, U.S., on Tuesday, Aug. 20, 2019. Inconsistency is the one constant coming out of a major U.S. crop tour that kicked off on Monday as scouts get to see first hand the impact of wild weather on Midwestern corn and soybean fields.

Agriculture

Farm equipment industry faces prolonged downturn

byJohnnie Martinez II

April 30, 2024

Farmers continue to feel the impact of higher interest rates, lower commodity prices and rising costs, putting pressure on the...

News

Tax-exempt equipment financing attracts state, local governments

byBaystone Government Finance

April 30, 2024

Interest in tax-exempt equipment financing is strong as cities, counties, school districts, fire districts and other government agencies have...

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

Bank consolidation heats up again

byJohnnie Martinez II

April 29, 2024

Bank consolidations related to equipment and commercial finance are heating up as regional banks continue to navigate the high interest...

Used farm equipment inventory up 40% in February

Lender Operations

New business volume down 7% YoY in March

bySamson Amore

April 29, 2024

New business volume in the equipment finance sector declined year over year in March but shot up from February. Overall...

A Komatsu HB365LC hybrid excavator during the ConExpo-Con/Agg tradeshow in Las Vegas, Nevada, US, on Wednesday, March 15, 2023. As electric SUVs and sedans roll onto American highways, diesel still reigns supreme on US construction sites. But walk around the industrys largest trade conference in Last Vegas this week, and the first signs of battery power have finally arrived.

Construction

Komatsu retail finance revenue slides more than 20% in 2023

bySamson Amore

April 26, 2024

Japanese equipment manufacturer Komatsu posted a decline in retail finance profits for fiscal 2023, in part because it used its allowance...

Transportation

Traton Financial Services revenue rises 29%

byJohnnie Martinez II

April 26, 2024

Traton Financial Services’ revenue rose in the first quarter of 2024 as the company continued to expand its truck and...

OnStar Business Solutions brings four distinct product offerings — OnStar Safety Services, OnStar Vehicle Insights, API & Data Services and Wi-Fi — under one umbrella to make fleet management simpler than ever before.

Dealer Operations

Ford fleet sales jump; GM fleet sales slide

byJohnnie Martinez II

April 25, 2024

Vehicle manufacturers Ford and General Motors experienced mixed commercial sales results, as demand persists but tightening credit forces prioritization. Ford...

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