U.S. Equipment Leasing and Finance Industry Confidence Eases But Signs of Improvement
WASHINGTON, DC–The Equipment Leasing & Finance Foundation (the Foundation) has released the October 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment …
Fleet Complete Offers Free Service until July 31st to Customers with GM Vehicles
To help with the impact of COVID-19 on businesses in North America; offer aims to help fleet owners establish remote fleet management operations and comply with guidelines TORONTO, ON–Fleet Complete, the fastest-growing global provider of connected vehicle solutions, today announced its fleet assistance program with free service until July 31, …
JDR Solutions adopts ‘software agnostic’ service model
INDIANAPOLIS, IN–Equipment lessors have many software choices for handling lease originations and portfolio management. Now, no matter which software package they select, JDR Solutions can provide back office service. “We’ve become what is commonly known in the industry as ‘software agnostic,’” said Doug Williams, JDR’s president and chief information officer. …
Ann Fandozzi to Become Chief Executive Officer of Ritchie Bros.
VANCOUVER, BC–Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer and a leading used equipment seller, says Ann Fandozzi will become Chief Executive Officer and join the Company’s Board of Directors, effective January 6th, 2020. Most recently, Fandozzi was CEO of ABRA Auto Body & Glass, a leading national damaged vehicle …
Fleet Complete Continues Global Expansion with Acquisition of CSI Fleet
Acquisition of a leading Mexican telematics provider accelerates recent expansion into Mexico TORONTO, ON–Fleet Complete, the fastest-growing provider of IoT solutions in the connected commercial vehicle space, announced today its acquisition of Centro de Soluciones Inalámbricas (CSI), a leading fleet telematics player in Mexico. Terms of the transaction were not …
Vecima Networks Selected for Fleet Management Solution by the City of Saskatoon
VICTORIA, BC–Vecima Networks Inc’s Telematics Division has been awarded a contract with the City of Saskatoon for its fleet management solution. Using Vecima’s state-of-the-art Nero Global Tracking telematics solution, the City will be able to monitor, manage, and make informed decisions for their fleet of over 1,000 powered and unpowered …
Turning to low-carbon solutions
By Dana Krechowicz Agriculture and mining are on the front lines of climate change. Why? First, they depend on predictable climatic conditions to ensure stable outputs and operations. Climate change is making it harder for farmers and mining companies to predict operating conditions, which adds additional risks and costs to …
What’s in store post-election?
By Brendan Read What impacts could the Oct.21 federal election that resulted in a Liberal minority government have on Canada’s asset-backed lending sector? Canadian Equipment Finance reached out to the C.D. Howe Institute for answers, insights and recommendations. Here they are, from Farah Omran, policy analyst and Jeremy Kronick, associate …
New textbook on lease accounting
A new textbook on lease accounting by industry authority Shawn Halladay, managing director of the Professional Development Practice, The Alta Group, is now available. Accounting for Leases: Embracing the New Paradigm provides valuable guidance to both U.S. and international lessors and lessees by covering the many commonalities between ASC 842, …
How tech and flexibility helps farmers
By Curtis Gulka As winter befalls the Canadian landscape, our agriculture customers are working on their businesses. Despite snow-covered fields, winter isn’t an off-season for farmers. Heck, some of them are still harvesting. Beyond that, there’s equipment to maintain and decisions to make, especially when it comes to gearing up …