Fed holds rates steady and inches closer to cutting in future
The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though...
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Volvo Financial launches new leasing model to speed electric truck adoption
Volvo Financial Services’ latest leasing offering for Mack MD Electric trucks is rolling out across the country in a bid...
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Komatsu retail finance originations rise 13%
Japanese OEM Komatsu’s retail finance originations increased during the first nine months of the company’s fiscal 2023 due to favorable...
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‘Grow or go:’ M&A activity puts pressure on equipment dealers
The acquisitions of three equipment dealers in January highlight the pressure small and independent shops are facing amid high interest...
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Volvo North American truck orders up 20%
Swedish equipment manufacturer Volvo Group’s truck orders increased in the fourth quarter and for the full year as the manufacturer...
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Volvo Financial Services’ new business volume, credit portfolio jump in 2023
Volvo Financial Services posted an increase in new retail business volume in 2023 as the captive’s penetration rate slipped. The...
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United Rentals equipment rental revenue jumps 13.5%
United Rentals’ revenue set a record in the fourth quarter of 2023 as equipment rental demand persisted and the acquisition...
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Financial Pacific Leasing net charge-offs surge on transportation pressures
Financial Pacific Leasing, the equipment finance subsidiary of Tacoma, Wash.-based Columbia Banking System, saw a surge in net charge-offs in...
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