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February 11, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Other News
  Market Trends 
  • China passes U.S. to become world's largest trader
    Chinese and U.S. statistics agree that China traded more goods than the U.S. did last year. The increase occurred despite China's economy being half of the size of the U.S. economy. "It is remarkable that an economy that is only a fraction of the size of the U.S. economy has a larger trading volume," said Nicholas Lardy of the Peterson Institute for International Economics. Bloomberg (2/10) LinkedInFacebookTwitterEmail this Story
  • G-20 is expected to focus on positive economic signs
    Leaders from the Group of 20 nations are set to meet Friday in Moscow, and analysts think that with enough positive signs in the world economy, the talks will be upbeat and forward focused. "On the whole, recent activity data have been encouraging of our view that the global economy is improving, albeit slowly," said Simon Hayes, a Barclays Capital economist. Even Japan has curbed currency-war fears in recent days, with Finance Minister Taro Aso suggesting that the yen's weakening has been too drastic. Reuters (2/10) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • House panel to discuss "federal role in America's infrastructure"
    Federal involvement in spending on transportation infrastructure will be the topic of a hearing Wednesday by the House Transportation and Infrastructure Committee, said Chairman Bill Shuster, R-Pa. "Transportation and infrastructure have long been recognized as federal responsibilities shared with the states," Shuster said. A thorough understanding of the government's role "is critical to ensuring U.S. economic growth and global competitiveness," Shuster said. The Hill/Transportation blog (2/8) LinkedInFacebookTwitterEmail this Story
  • Warren: I'll urge transparency in banking committee role
    Sen. Elizabeth Warren, D-Mass., says her priority on the Senate banking committee is to bring "real transparency and accountability" to financial institutions and to "monitor our regulators to make sure they're doing their jobs." She says she also wants to streamline regulations and the tax code to help small businesses. (2/9) LinkedInFacebookTwitterEmail this Story
  • Basel III could be delayed in U.S. by impact study
    A possible Senate bill would require a quantitative-impact study before the U.S. implements rules by the Basel Committee on Banking Supervision. Although an actual congressional vote could be difficult to achieve, analysts say legislative pressure on regulators might be enough to dissuade them from Basel III adoption indefinitely. (subscription required) (2/8) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • Construction-equipment sector expects higher sales this year
    In a GE Capital Equipment Financing survey of the construction-equipment industry, three-quarters of participants say they are optimistic about 2013 sales, projecting an increase of at least 3%. Among these participants, nearly 25% expect an increase of 6% to 8%. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • March 15 deadline: Complete the 2013 Survey of Equipment Finance Activity
    The questionnaire for ELFA's 2013 Survey of Equipment Finance Activity has been mailed to all members, and we're looking for your response. March 15 is the deadline for submitting your response, and ELFA is encouraging you to respond as soon as possible.

    Every member company that responds to the survey will receive a complimentary copy of the survey report, a $1,295 value, as well as confidential individual company data sheets, which compare and rank respondents' data with those of other participants. Don't miss out on this key ELFA member benefit -- complete the questionnaire. The survey is a must-have for equipment-financing professionals who are serious about competing in this dynamic economic and business climate. You may download the SEFA from the Research section of the ELFA website. For more information, call Bill Choi at (202) 238-3413 or e-mail him. LinkedInFacebookTwitterEmail this Story
  • There's still time to register for the ELFA Equipment Management Conference in Tampa, Fla.
    If you plan to attend the 25th annual ELFA Equipment Management Conference & Exhibition, scheduled Feb. 24 to 26 at the Grand Hyatt Tampa Bay in Tampa, Fla., there is still time to register and be on the list of attendees distributed on site. All registrations received by Feb. 18 will be included on this list. Register and view the agenda.

    The agenda includes a sold-out exhibit and sessions that provide comprehensive updates on equipment sectors including construction, trucks and trailers, rail, air, medical, energy, information technology, marine, mining, material handling and semiconductors. There is no other conference where you have access to the range of information you need to perform your job.

    Make a hotel reservation at the Grand Hyatt Tampa Bay. LinkedInFacebookTwitterEmail this Story
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The only man I know who behaves sensibly is my tailor; he takes my measurements anew each time he sees me. ... The rest go on with their old measurements and expect me to fit them."
--George Bernard Shaw,
Irish playwright

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