Rising insurance costs strain truck financing sector
Escalating insurance costs are exacerbating high interest rates and rising new truck prices, contributing to tight lending standards and creating ...
Tag: equipment finance
June M&A: Concord Servicing acquires Orion First
In a month that saw OEMs FAYAT Group, Komatsu and Volvo make large acquisitions, dealers and lenders also got in ...
Apex Capital launches equipment financing program
Apex Capital has launched Apex Equipment Financing, a product designed to help its factoring clients secure the equipment they need ...
A status quo rate in Trump tax bill is big win for corporations
Executives at America’s largest corporations watched Donald Trump sign a massive tax-cut bill without any change in their own companies’ ...
Optimal rental fleets take shape in equipment industry
Dealers and rental houses are optimizing their rental fleets by evaluating the average equipment age and product mix to determine ...
Gordon Brothers arranges $146M in construction financing
Global financial services and asset management firm Gordon Brothers has facilitated a CA$200 million ($146.3 million) financing deal for Morgan Construction to ...
Kenworth, Peterbilt maker cuts jobs in Quebec amid weak market
Truck maker PACCAR Inc., parent company of the Kenworth and Peterbilt nameplates, will lay off 175 employees in its Sainte-Therese, ...
Daimler to begin assembling Mercedes trucks in Senegal this year
Daimler Truck Holding AG plans to establish an assembly plant in Senegal, with production of Mercedes-Benz trucks scheduled to begin ...
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