Industry News

Rental

Rental Revenue to Top $38 Billion in 2013
2013 is looking like a great year for equipment rental. The equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association's (ARA) latest forecast from the ARA Rental Market Monitor updated in May.
Compact Equipment – 5/20/2013

Volvo Rents Expands Texas Footprint with New Store in Selma
Volvo Rents, a worldwide provider of small-to-medium sized construction equipment, has opened a new rental center in Selma, Texas. This is the latest move in the company's continued expansion of its Texas rental business portfolio, increasing its statewide total to 12 rental centers. It also comes on the heels of a recent report by the Associated General Contractors of America that says Texas leads the nation in the increase of construction jobs.
Compact Equipment Online – 5/17/2013

ERA uprates UK rental growth while Eurozone slows
The European Rental Association has made some small revisions to its European rental growth estimates for 2013 and 2014, slightly increasing the current year estimate from 0.8% to 1.0% and moderating growth next year to 2.2% from the previously forecast 2.5%.
Access International – 5/17/2013

Strongco Reports First-Quarter Rental Revenues Up 29%
Rental revenues were $6.7 million, up 29% from $5.2 million, and product support revenues totaled $30.2 million compared to $29.6 million from the same period in the prior year.
forconstructionpros.com – 5/15/2013

Essex Rental Corp. Reports 22.5% Increase in First-Quarter Revenues
In its first-quarter financial report, Essex Rental Corp. announced total revenue for the three-month period ended March 31, 2013 increased by $4.5 million or 22.5% to $24.6 million.
For Construction Pros – 5/8/2013

Essex drops AWPs, focuses on recovering crawlers
US rental firm Essex Rental Corp has sold off its aerial work platform and forklift assets, focussing on its core business of crane rental, which showed gradual recovery in 2012 results.
Cranes Today – 3/22/2013

Volvo Rents Expands Calif. Footprint With Turlock Store
Volvo Rents, a worldwide provider of small-to-medium sized construction equipment, has opened a new rental center in Turlock, Calif.
Construction Equipment Guide – 3/21/2013

H&E Equipment Services Moves into Larger Facility in Baton Rouge
H&E Equipment Services has consolidated its Baton Rouge and Gonzales, La., branch operations into a newly constructed facility in Baton Rouge. The new branch is much larger than the original stores, with 44,000 square feet of office and shop space, on 15 acres of property.
Rental Equipment Register – 12/7/2012

United Rentals Reactivates Dormant Accounts
United Rentals reactivated almost 2,500 dormant accounts during the third quarter, executive vice president and chief operating officer Matt Flannery told a conference call on the company's third quarter results this week.
Rental Equipment Register – 10/19/2012

Volvo Rents Opens Its Third Alabama Branch in Huntsville
Volvo Rents, a worldwide provider of small-to-medium sized construction equipment, has opened a new rental center in Huntsville, Ala., its third in the state, joining existing locations in Foley and Mobile.
Construction Equipment Guide – 10/18/2012