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RGCX, LLC announced it has been acquired by Corrum Capital. The acquisition provides RGCX with greater resources and flexibility in the railcar market and enables the company to pursue a long-term growth strategy. The new owner plans to fuel growth... Read Story
June 22, 2018, 07:20 AM
Filed Under: Mergers & Acquisitions

After 34 years of service to CSI, Bill Gillula has retired from his role as chairman of St. Louis-based CSI Leasing, Inc. Gillula started his career with Mark Twain Bank in St. Louis, rose to the position of chief financial officer of the bank, and... Read Story
June 22, 2018, 07:19 AM

The business climate for manufacturing in the U.S. has markedly improved over the past few years, driving both revenue and employment growth for middle market manufacturers. But the industry is also experiencing a period of transformation that is... Read Story
June 22, 2018, 07:18 AM
Filed Under: Manufacturing

Ritchie Bros. Auctioneers held its third Houston auction of 2018, selling more than 4,300 equipment items and trucks over two days for some $44 million. More than 4,150 people from 55 countries registered to bid in the auction (June 19–20)... Read Story
June 22, 2018, 07:10 AM
Filed Under: Auction News

At the top line, North American Class 8 net orders totaled 35,608 units in May. While below the 492,000 seasonally adjusted annualized rate (SAAR) of first-quarter’s orders, May’s 478,000 SAAR continues the trend of order activity well above industry... Read Story
June 22, 2018, 07:00 AM
Filed Under: Trucking

KeyBank announced the acquisition of a digital lending platform for small businesses created by Bolstr. The fintech software, expected to be implemented in 2018, will enable KeyBank to provide faster and easier access both to SBA loans and to... Read Story
June 21, 2018, 07:25 AM
Filed Under: Mergers & Acquisitions

Crestmark announced staff promotions and appointments in its East Division, which represents the eastern half of the United States and includes Crestmark’s offices in Florida, Michigan and New York.“These talented Crestmark professionals help our... Read Story
June 21, 2018, 07:20 AM

In 2017 Yamaha Motor Finance Corp., USA announced plans to bring its floorplan financing in-house, with a vision to provide a complete range of finance company services. Yamaha has chosen to partner with White Clarke Group, selecting the CALMS... Read Story
June 21, 2018, 07:15 AM
Filed Under: Finance News

The Equipment Leasing & Finance Foundation released the June 2018 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 66.2 in June, up from the May index of 64.6.Designed to... Read Story
June 21, 2018, 07:10 AM

Trinity Industries, Inc. reported its wholly owned subsidiaries, Trinity Industries Leasing Company (TILC) and Trinity Rail Leasing 2018 LLC (TRL-2018), closed a two-tranche, railcar asset-backed securitization in the aggregate amount of $482.5... Read Story
June 21, 2018, 07:05 AM
Filed Under: Rail Transportation