Hertz Reaches Agreement with Icahn to Name Three Directors to Board
Hertz Global Holdings avoided a potential proxy battle with Carl Icahn by reaching an agreement-in-principle to allow the activist investor to choose three board members as independent directors.
RER – 9/14/2014
Durante Rentals Named to Inc. 5000 List
Inc. magazine has ranked New York-based Durante Rentals No. 2098 on its 33rd annual Inc. 5000 list, a ranking of the United States' fastest-growing privately owned companies. This is the second year in a row Durante Rentals made the list, coming in at No. 1879 in 2013.
Rental Equipment Register – 9/10/2014
CTE opens new headquarters
Custom Truck & Equipment (CTE) is to celebrate the opening of its new corporate sales centre and expanded headquarters with an Open House day on October 2, 2014.
KHL Access, Lift & Handlers – 9/9/2014
Sunbelt Rentals Jumps 21.3 Percent in Fiscal First Quarter
Sunbelt Rentals, North America's second largest equipment rental company, posted $638.4 million in revenue during its fiscal first quarter, a 21.3-percent increase compared to $526.3 million for the same period a year ago.
RER – 9/4/2014
Neff Corp. Files for IPO
Miami-based equipment rental company Neff Corp. has filed with the Securities & Exchange Commission for an initial public offering of its Class A common stock.
RER – 9/4/2014
United Rentals opens eight specialty rental branches
North American rental company United Rentals has opened seven new specialty rental branches in the US and one in Canada.
International Rental News – 8/27/2014
Hertz Withdraws Full-Year Forecast, Expecting Weaker Results
Hertz said this week it is withdrawing its full-year financial forecast, stating in a regulatory filing that earnings would be "well below the low end of its 2014 guidance" because of "operational challenges."
RER – 8/20/2014
U.S. Rental Industry to Hit $35.8 Billion in 2014, IHS Says
The equipment rental industry in the United States is expected to generate $35.8 billion in revenue and outpace gross domestic product by more than four times in 2014, according to the American Rental Association's latest forecast from the ARA Rental Market Monitor.
RER – 8/12/2014
Essex Rental reports increased demand
Demand and rental duration for cranes is increasing across the USA, according to the second quarter results from Essex Rental Corp.
International Rental News – 8/12/2014
Rental Revenue Posts Slight Uptick for Essex in Q2
Equipment rental revenue increased 2.7 percent in the second quarter for Essex Crane Rental Corp., rising from $12.19 million in the second quarter of 2013 to $12.52 million this year.
RER – 8/8/2014