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Industry News


H&E Posts Robust Growth in Q4 and FY 2014
H&E Equipment Services has topped the $400 million mark in equipment rental revenues for 2014, coming in at $404.1 million, compared with $338.9 million in 2013, a 19.2-percent year-over-year leap.
RER – 2/26/2015

Rental Penetration Increases to 53.9 Percent in 2014, ARA Says
Construction/industrial rental penetration rose a percentage point in 2014 from 52.9 percent in 2013 to 53.9 percent this past year according to the American Rental Association Rental Penetration Index, ARA announced at The Rental Show in New Orleans.
RER – 2/25/2015

HERC sees 2014 revenues drop
Hertz Equipment Rental Corporation (HERC) reported revenues of US$433 million (?381 million) for the 12 month to 31 December last year, down 23% compared to 2013.
International Rental News – 2/25/2015

Top 5 Asset Management Concerns for Rental Outlets in 2015
As the construction equipment rental industry surges ahead, it is clear that alert and agile businesses will be the ones best prepared to take advantage of the new opportunities this year.
Compact Equipment – 2/20/2015

Toromont Posts Strong Rental Results in 2014
Toromont Industries, owner of one of North America's largest Caterpillar dealers, posted a 14-percent jump in fourth quarter revenues, going from CDN $407.3 million in the fourth quarter of 2013 to CDN $465.7 (about U.S. $374 million) in Q414.
RER – 2/13/2015

Sunbelt Rentals Acquires Northern Virginia's Theros Equipment Rentals
Sunbelt Rentals has acquired Theros Equipment Rentals, a leading independent rental company based in northern Virginia.
RER – 2/6/2015

Neff Corp. Names Wesley Parks New COO
Neff Corporation announced Westley Parks has been promoted to chief operating officer for the company.
forconstructionpros.com – 2/3/2015

Neff Corp. Announces Opening of New Branch in Baltimore
Neff Corp. announced it has recently opened a new branch in northeast Baltimore to better serve customers in the region and meet the growing need for equipment rental.
forconstructionpros.com – 1/28/2015

Chris Watts is the New CEO of Sunstate Equipment
Chris Watts has taken over as president and CEO of Sunstate Equipment following the retirement of long-time CEO Benno Jurgemeyer.
forconstructionpros.com – 1/21/2015

ARA expects heavy equipment rental market to grow 8.5 percent
The American Rental Association said it expects the 2015 U.S. construction/industrial equipment rental market to grow 8.5 percent this year, reaching $26 billion.General tool rentals will grow 8.8 percent to $9.9 billion, the association predicts.
Better Roads – 1/20/2015