Tag: United Rentals: Page 3

Dealers

United Rentals reports 25% leap in revenue in Q1

Reflecting strong industry growth and acquisitions, United Rentals is reporting a 25.1 percent jump in rental revenue for the first quarter of 2018, compared to a year ago. Total revenue was $1.734 billion and rental revenue was $1.459 billion for the first quarter for the rental giant. That’s compared to $1.356 billion and $1.166 billion, […]

April 20, 2018

Dealers

Fired United Rentals co-founder and CFO sent back to prison

It’s back to prison for John Milne, the fired president and chief financial officer of United Rentals who was convicted a decade ago of conspiring to falsify the books and records of the equipment rental company he co-founded. A federal judge in Connecticut last week found that Milne had been leading a luxurious  lifestyle while […]

April 10, 2018

Dealers

Business Roundup: Colo. firm wins 7th Kenworth Award; Flannery named president of United Rentals; Cat February N. American retail sales up 30%; Construction employment hits a milestone; Terex AWP taps Davis as Genie VP

Colo. firm wins its 7th Kenworth Dealer of Year Award MHC Kenworth – Colorado was named the top dealer in the Kenworth network in the United States and Canada for the seventh time. The dealership received the 2017 Kenworth Dealer of the Year Award in February at the company’s annual dealer meeting in Scottsdale, Arizona. […]

March 19, 2018

Technology

This VR training simulator is the first for construction equipment

A scissor lift virtual reality training simulator, first glimpsed during The Rental Show, may be the start of using such simulators for all types of construction equipment, according to an Edmonton, Canada-based tech company. Officially launching last week at the IPAF Summit and International Awards for Powered Access (IAPA) in Miami, the VR scissor lift […]

March 16, 2018

Dealers

Matthew Flannery named president of United Rentals; Kneeland continues as CEO

Matthew J. Flannery has been named president of United Rentals, a position he assumes in addition to his responsibilities as chief operating officer. Michael Kneeland, who became president and CEO of United Rentals in 2008, will continue to lead the company as CEO. Flannery joined United Rentals in 1998. In addition to COO, he previously […]

March 14, 2018

Dealers

Business Roundup: Komatsu acquires Quadco, Southstar attachments; Cat 2017 sales up 18%; United Rentals 2017 revenue up 15%; SDLG adds new dealer; Benck becomes first AED chairwoman

Diane Benck becomes first chairwoman of Associated Equipment Distributors Diane Benck – known for her strong advocacy for the equipment industry and for enhancing technician training – has been named chairwoman of Associated Equipment Distributors (AED). Benck, of Illinois, is the first woman to lead the international organization, and she received rousing applause during her […]

January 31, 2018

Dealers

United Rentals revenue up 15% in 2017 as company ends year with big 4Q

United Rentals saw total revenue climb 26 percent to $1.922 billion during the fourth quarter, capping off what CEO Michael Kneeland called “a year of record results.” Rental revenue for the quarter was up 27 percent to $1.646 billion with time utilization increasing 70 basis points to 70 percent over 4Q 2016. Trench, Power and […]

January 25, 2018

Roadbuilding

New study shows technology, design can improve construction safety

A new study from Dodge Data & Analytics, in partnership with the Center for Construction Research and Training (CPWR) andUnited Rentals, reveals two critical trends for improving construction safety — jobsite technologies and the practice of Prevention through Design (PtD). The study, Safety Management in the Construction Industry 2017,is the third in a series of […]

January 5, 2018

Construction Equipment

Year in Review: The Biggest Construction Equipment News Stories of 2017

2017’s Top Newsmaker: Deere buys Wirtgen After identifying Wirtgen as an attractive strategic fit several years ago, John Deere pulled the trigger in a surprise move this June, buying German equipment manufacturer Wirtgen Group. The all-cash $5.2 billion deal gave Deere access to Wirtgen’s deep roots in roadbuilding and quarry equipment markets. The deal also […]

December 29, 2017

Dealers

Following Neff rejection H&E Equipment Services offers notes with eye toward acquisitions

H&E Equipment Services, who earlier this year made an offer for Neff Corporation that was superseded by a higher bid from United Rentals, announced that it will be offering $200 million in aggregate principal amount of its 5.625-percent Senior Notes due in 2025. In making the announcement, H&E said the proceeds from the new notes […]

November 21, 2017

Dealers

Business Roundup: Cat dealer moves to $20M HQ; IronPlanet buyers get Ritchie Bros. financing; Vermeer MidSouth celebrates 30th year; AED diesel technician certification

Kansas Cat dealer moving to new $20M headquarters Caterpillar dealer Foley Equipment Co. is moving to its expanded Wichita, Kansas, headquarters, according to the Wichita Business Journal. The company is relocating its departments and personnel to the more than $20 million headquarters, which includes 160,000 square feet across two buildings, the Journal reports. The new […]

October 24, 2017

Dealers

United Rentals posts 16.8% revenue surge in 3Q, increases 2017 capex by $200 million

United Rentals is reporting a 16.8-percent surge in total revenue for the third quarter, climbing to $1.766 billion compared to $1.508 billion for the same period last year. Within that, rental revenue is up by 16.2 percent to $1.536 billion. That’s compared to $1.322 billion for 2016’s third quarter. The company also is seeing a […]

October 19, 2017