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North Mill Announces Four Employee Promotions
North Mill
North Mill Equipment Finance announced the promotion of four key employees. The announcement follows North Mill's banner year in 2019 as the company posted the highest level of originations in its history. The strategic appointments will play a central role in supporting the firm's rapidly expanding portfolio and growing base of referral agent relationships.
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North Mill Helps Folks Suit Up for Winter
North Mill
You might say that the team at North Mill is just "warming up." That's because one of our employees, Ellen Miller, North Mill's AVP of Legal, participates in a yearly coat drive organized by a group called 'Person-to-Person.' Members provide disadvantaged individuals and families in Fairfield County, Connecticut, with assistance to overcome daily challenges.
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Trucking Industry Has Cause for Optimism Despite Challenges, Insiders Say
Freightwaves
Cautious optimism was a common thread during the Highway Transportation Session at the National Industrial Transportation League's 2020 Summit.
The NITL 2020 panel discussion Tuesday featured executives from trucking and logistics companies discussing issues such as contract rates, trucking capacity, truck parking, driver retention, delivery demands and hours-of-service regulations.
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ELFA Forecasts Top Equipment Acquisition Trends for 2020
Powder & Bulk Solids
The Equipment Leasing and Finance Association (ELFA), which represents the nearly $1 trillion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2020. Given U.S. businesses, nonprofits and government agencies are expected to spend $1.91 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy.
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Recession Depends on Definition: U.S. Economy Poised for 1.8% Expansion
Monitor Daily
According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, the U.S. economy is poised to expand by 1.8% in 2020.
"The risk of an economy-wide recession that was a growing concern through Q3/19 has largely faded, with healthy consumer fundamentals expected to provide sufficient momentum to get through the slow patch in industrial activity," said Kenny Vieth, ACT Research's president and senior analyst.
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Equipment Finance Industry Confidence Increased in January |
The Monthly Confidence Index for the equipment finance market is 59.9 in January, an increase from the December index of 56.2. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
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For more information on articles in The Compass, or if you're interested in learning how to become a North Mill Referral Source, please email Paul Cheslock, VP of Customer Relations at pcheslock@nmef.com or call 1-203-354-1283.
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This newsletter includes links to other websites and the content within. The articles that link outside this newsletter have not been generated by, nor are they endorsed by, North Mill Equipment Finance LLC. The aggregated content is simply intended to provide direct access to information that a Referral Source may find useful.
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50 Washington Street, 10th Floor
Norwalk, CT 06854
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