Consumers leave financing to the experts: for now
By Kevin Deveau Given the new and exciting innovations introduced and managed by artificial intelligence (AI) in cars and other modes of transportation, it’s becoming more and more clear that the automotive industry is experiencing a tremendous shift in how people use their cars: and how they purchase them. There …
Chorus Aviation continues upward
By Brendan Read Chorus Aviation’s flight path continues its ascent. The Halifax, Nova Scotia-based company owns Jazz Aviation LP, Voyageur Aviation Corp. and Chorus Aviation Capital (CAC) and has a vision to deliver regional aviation to the world. Chorus reported that its first quarter 2019 operating revenue grew 6.2 per …
Canada’s truck fleet on cusp of change
By Brendan Read Canada’s trucking fleet, both for-hire and private, is unlikely to grow in the next few years. According to the Private Motor Truck Council of Canada (PMTC) (www.pmtc.ca) the split is roughly 50/50 between for-hire and private class 8 trucks on the road, with private fleets accounting for …
Canada’s business aviation spreads its wings
By Isabelle Lafond Taking an aerial view perspective at the business aviation sector, a subset of general aviation, it appears that the Canadian sector is a force for good, supporting hundreds of companies and vastly improving connectivity. There are 1,900 business aviation aircraft across Canada, with the majority based in …
Why ascend to the cloud
By Travis Melchior A cautious approach to technology is understandable. You don’t want to risk-sensitive customer information falling into the wrong hands simply because you jumped onto a new trend too soon. Security is a major concern for both small and large lessors alike. Before embracing new technology, it’s understandable …
Who owns the data?
By Brendan Read Data is money. It can be used to sell, cross-sell and upsell, like for equipment, add-ons, repairs, service plans and lease renewals. Data also can be sold to third parties. The growing popularity of the Internet of Things (IoT), which collects vast quantities of valuable data from …
Servitization to supplant ownership?
By Brendan Read Traditional ownership of assets and financing for notably automotive, office equipment, healthcare and agricultural products may soon become obsolete, tossed into the recycling bin. In its place will be product-as-a-service, or pay-per-use assets, also known as servitization. Servitization is an alloy of changing customer preferences to an …
Referees of the Digital Age
By Angela Armstrong Fairness isn’t easy. It posits that fairness requires, in some form, a “referee”. So, I started wondering about fairness, and referees, in the digital age. Humans are fallible. But data (at least until it gets interpreted by someone) is arguably neutral. You’ve probably heard of Cambridge Analytica. …
Keeping the goodwill going
By Steve Leer Happy customers make for happy equipment leasing executives. Often that business bliss begins with the frontline customer service representatives who answer lessee phone calls and e-mail messages. Reps just like the seven Toronto, Ont. area women who work for JDR Solutions, Inc. The seven—Lesley Evans, Debbie Forbes, …
The future with CUSMA
By Brendan Read The Canada-United States-Mexico Agreement (CUSMA), also known as the USMCA will, when, (but increasingly looking like ‘if’) ratified, provide a renewed foundation for trade between all three countries. CUSMA is to replace the North American Free Trade Agreement (NAFTA). CUSMA was signed by Prime Minister Justin Trudeau, …