Huntington Distribution Finance - North America

The U.S. economy added jobs despite significant challenges in October. In this Soundings Trade Only article, Huntington Commercial Bank Director of Economics, Ian Wyatt, points out external factors influencing October's report and how positive wage trends and stable low unemployment suggest spending strength. #EconomicUpdates #CommercialBanking #BoatingIndustry

We’re excited to be a sponsor of the Blue Bird Corporation Dealer Meeting this week in Orlando. On Wednesday morning, join Huntington Commercial Bank’s Director of Economics Ian Wyatt for a discussion on the economy and the issues impacting dealers as they approach 2025. Looking forward to seeing you there.

Honored to serve as the keynote speaker at the Paper and Plastics Recycling conference. Talked today about many economic trends including the split in the labor force with a tighter blue collar job market and a looser white collar market. Learned a lot about the economic implications of key trends in paperboard boxes and plastics from the many attendees. Huntington Commercial Bank Huntington Distribution Finance - North America

Help protect against the threat that’s costing businesses billions. Business email compromise (BEC) is a popular tactic wherein a fraudster posing as a legitimate business partner sends a payment request via email. These top tips from our cybersecurity team can help protect your organization. Member FDIC. https://lnkd.in/gsspJ3bt

Honored to serve as the keynote speaker at the Paper and Plastics Recycling conference. Talked today about many economic trends including the split in the labor force with a tighter blue collar job market and a looser white collar market. Learned a lot about the economic implications of key trends in paperboard boxes and plastics from the many attendees. Huntington Commercial Bank Huntington Distribution Finance - North America

Pleased to announce Huntington Commercial Bank’s expansion into the Houston market. We’re thrilled to have Lee Mediamolle and his team deliver our commercial banking expertise and capabilities to more clients in Texas.

In a sea of uncertainty, marine dealership owners can benefit from taking a flexible and adaptable approach to financial planning. In this article, we highlight strategies we've seen dealerships follow to plan for the unknown.

We’re proud to announce that Huntington has been named a Certified Great Place to Work for the 6th year in a row! Today, we’re celebrating Great Place to Work Certification Nation Day, honoring the welcoming culture we’ve built and our colleagues who make it all happen. #GPTWCertified

How close are we to peak global gasoline and diesel demand? In China and the US, the two largest markets, demand is trending downwards. The FT published a great article on the transformation of China's trucking market as LNG becomes the dominant fuel for big trucks instead of diesel. This shift is causing Chinese diesel demand to -4% Y/Y. LNG is cheaper and cleaner than diesel and has still has quick refueling times like diesel. Its main drawback is a lower energy density leads to shorter range and higher upfront costs for trucks. Lower operating costs are a major reason that sales are rapidly shifting away from diesel in China's heavy-duty truck market. Diesel market share in new heavy truck sales has fallen below 50% as LNG rapidly gains share along with a more modest contribution of electric trucks. In the US, the slowdown in gasoline consumption began back in 2007. US gasoline sales never recovered to 2007 levels despite miles traveled now +10% above 2007 levels. This decline in gasoline consumption was largely a story of conventional vehicles getting more efficient. With mild hybrids rapidly gaining market share and for the first time ever in August plug-in hybrids and EVs exceeding 10% market share, we are likely going to start seeing real declines in US gasoline consumption. Many people discussed peak oil for years, but that scenario assumed the supply of oil would decline as it became too hard and expensive to find and extract, instead it looks like peak oil will be a demand story. https://lnkd.in/djjEzAnE

Enjoyed talking about the economy at the BAFT (Bankers Association for Finance and Trade) conference in Chicago. Also got the chance to learn about emerging technologies in trade finance, FX, and the challenges of getting credit to understand the unique aspects of trade finance thanks to Andy Arduini, CTP, CSCF who leads our trade team.