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News

Frito-Lay Showcases Zero-Emission Technology At Manufacturing Site

Transportation

California has an electric big rig mandate, manufacturers will struggle to meet it

byBloomberg News

October 18, 2023

California became the first state in the US to set emissions standards for trucks earlier this year. The rules are...

A combine harvester cuts a field of wheat on a farm in the Lisowice district of Torun, Poland, on Friday, Aug. 11, 2023. Some of Ukraines European neighbors, including Poland, are extending a ban on purchasing some of the countrys grain until mid-September, a move that risks fueling tensions between Kyiv and its allies.

Agriculture

Farm equipment inventory is up 36% YoY

byJohnnie Martinez II

October 16, 2023

Agriculture equipment inventories picked up in September, a time when seasonality typically drives supply down. Agriculture equipment inventories and values...

Komatsu Ltd. dump trucks at Western Sydney International Airport (WSI) in Badgerys Creek, Australia, on Wednesday, July 5, 2023. The Qantas Group and Western Sydney International Airport have reached an agreement last month for both Qantas and Jetstar to operate domestic flights from the new airport, which is on track to open in late 2026.

Construction

Construction equipment market stabilizes

byJohnnie Martinez II

October 13, 2023

Construction equipment activity is normalizing as dealer inventory reaches traditional levels and auction inventory slows. Construction equipment demand, inventories and...

Employees work as Ford Motor Co. Expedition sports utility vehicles (SUV) sit on an assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky, U.S., on Friday, Oct. 27, 2017. A $900 million company investment upgraded the facility to build the all-new bigger, lighter Expedition and Lincoln Navigator as well as secured 1,000 full-time hourly jobs.

Transportation

Ford’s lucrative pickup plant hit by major strike escalation

byBloomberg News

October 12, 2023

Ford Motor Co. became the latest strike target for the United Auto Workers after members walked out of its largest...

Cranes and boom lifts stand at an equipment rental company near a construction site in Japan.

Dealer Operations

EquipmentShare issues $1B in private bond offerings

byJohnnie Martinez II

October 11, 2023

Equipment rental and asset management company EquipmentShare issued a combined $1 billion in private bond offerings this year as the...

A tow truck sits next to an Arrow Trucking Co. tractor at the company's headquarters in Tulsa, Oklahoma, U.S., on Monday, Jan. 4, 2010. Arrow Trucking Co., the 61-year-old Tulsa-based flatbed carrier, suspended operations on Dec. 22, 2009, laying off employees and stranding scores of drivers by cancelling fuel credit cards, Tulsa World reported. Federal Authorities later issued an emergency order to executives to retrieve company trucks and trailers from truck stops and parking areas around the country.

Lender Operations

Equipment industry repos, abandonments on the rise

byJohnnie Martinez II

October 10, 2023

Equipment repossessions and abandonments continue to grow in the equipment industry as default rates rise from pandemic-era lows. Repossessions have...

Transportation

UAW says 4,000 union workers at Mack Trucks will strike Monday

byBloomberg News

October 10, 2023

Around 4,000 United Auto Workers members at Mack Trucks will strike Monday after rejecting a tentative agreement in the latest...

Dealer Operations

Small-ticket financing creating collections problems

byJohnnie Martinez II

October 9, 2023

Fake and missing addresses are creating hiccups in the collections process for equipment lenders as charge-offs increase and credit conditions...

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