Fed raises interest rates to 22-year high, leaves door open for more
The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional...
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PacWest to be sold to Banc of California in latest rescue deal
PacWest Bancorp is being bought by smaller rival Banc of California as it seeks to navigate a bout of upheaval...
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Lift values mixed amid rental industry acceleration
Values for used lifts were mixed in June as the material handling industry gained traction behind increasing rental activity. Asking...
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Crossovers, seasonality contribute to construction value dip
Asking and auction values for construction equipment declined slightly in June as crossover usage and seasonality drove down values in...
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Volvo equipment orders decline in Q2
Swedish equipment manufacturer Volvo Group’s North American truck and construction equipment orders declined in the second quarter as the company...
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Truckers eye combustion engine future by burning hydrogen
Daimler Truck Holding AG is pushing a fringe technology as an alternative to batteries and fuel cells in the shift to zero-emission...
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Volvo Financial Services originations set record
Commercial financier Volvo Financial Services’ commercial book grew in the second quarter alongside strong deliveries and industry demand. Volvo Financial...
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Jumps in ag inventories drive down auction values
Auction values for agriculture equipment continued their decline from the start of 2023, as rising inventories continue to drive down...
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