Tag: equipment rentals: Page 2

Business

United Rentals cites strong start for 1Q, will add $750 million in fleet this quarter

United Rentals says it will bring in $750 million in fleet in the second quarter, the result of a strong 2014 start, with “notable year-over-year growth in rates, time utilization and volume,” according to CEO Michael Kneeland. The company announced first quarter results Tuesday, saying rental revenue had increased 9.7 percent year-over-year. Total revenue was […]

April 17, 2014

Business

ARA: Rental revenues will reach $41.1 billion this year; equipment rental penetration index now nearly 53%

With healthy returns posted for rentals in 2013, the American Rental Association is forecasting $41.1 billion in total rental revenues (including construction equipment, general tool and party and events) this year, and an upward trajectory for the total rental market that will reach $52.3 billion in 2017. In addition, ARA says its Equipment Rental Penetration […]

February 11, 2014

Business

With acquisition finalized, Volvo Rents is now BlueLine Rental

After its acquisition by private equity firm Platinum Equity — finalized in January –Volvo Rents has been rebranded BlueLine Rental. With 130 rental stores in North America, BlueLine will continue to rent Volvo backhoes, skid steers, compact wheel loaders, compact excavators and compaction equipment, along with other machines and tools. Scott Hall, president of BlueLine, […]

February 10, 2014

Business

Volvo sells Volvo Rents equipment rental business to Platinum Equity

As rumored earlier this year, the Volvo Group has agreed to sell its Volvo Rents construction equipment rental business to Platinum Equity, a U.S.-based private equity firm, for $1.1 billion (SEK 7.5 billion). The sale should be completed during the first quarter of 2014. As a pre-requisite for the sale to go through, Platinum Equity […]

December 10, 2013

Business

U.S. equipment rental revenues forecast to grow 6.5% in 2013, show strong growth through 2017

The American Rental Association’s forecast for equipment rental revenue in the U.S. remained basically the same after its third quarter update. The ARA Rental Market Monitor expects equipment rental revenue to grow 6.5 percent in 2013 to $33.3 billion. Earlier this year that mark was set slightly higher at $33.5 billion. The small revision aside, […]

November 4, 2013

Business

Cleveland construction on the rebound thanks to university, health care spending

For the first time in many years, contractors in the Cleveland metro area and the Northeast Ohio region are optimistic, according to a report from Crain’s Business. Two common reasons construction company representatives shared with the publication for the rebound were increased construction spending by universities and hospitals. And though these companies are optimistic that […]

October 10, 2013

Business

Outpacing U.S. economy by 4 times, equipment rental revenues expected to grow 7%

The latest forecast from the American Rental Association shows the U.S. equipment rental industry outpacing gross domestic product by four times with revenues expected to reach $33.5 billion by the end of the year. Should revenues reach that mark, it would mean a 7-percent increase over 2012, according to ARA’s Rental Market Monitor. According to […]

August 12, 2013

Business

Be prepared to answer these 9 questions when renting an air compressor

1. What are you planning to do? Air compressors drive tools for a variety of jobs, including small scale tasks – such as nailing or chipping – up through cleaning, painting, blasting, demolition, drilling and boring. The two most important statistics for any compressor is pressure (measured in pounds per square inch gauge, or psig) […]

June 3, 2013

Business

Rent, buy or lease? The crucial answer to your next equipment purchase

Ready for a new dozer, excavator, forklift or other piece of heavy equipment? Construction activity has started to pick up but is in a slow climb. In this atmosphere, is it better to rent, purchase or lease? That depends on a variety of factors, according to Peter D. Gregory, senior vice president of the Construction […]

May 1, 2013

Business

Sunbelt Rentals posts 21% revenue gain for FY Q1-Q3

Sunbelt Rentals has reported $1.368 billion in total revenue for the first three quarters of fiscal 2013 through January 31, up 21 percent from $1.130 billion for the previous year’s first nine months, Rental Equipment Register (RER) reported. EBITDA for the nine-month period was $571.5 million, an increase of 37 percent from $416.5 million for […]

March 8, 2013

Construction Equipment

ARA’s new Equipment Rental Penetration Index signifies growth of rental

The American Rental Association Monday announced the ARA Equipment Rental Penetration Index, designed to estimate how much equipment goes through rental channels. “This is an extension of our estimate of rental revenues,” says John McClelland, ARA Vice President of government affairs. The index is designed to give rental companies a tool to measure the amount […]

February 12, 2013

Construction Equipment

Hayco Industries rents equipment combos for unusual problems

Editor’s Note: This is an edited version of a story that first appeared in Hitachi’s Breakout magazine. If you are trying to solve a problem with an attachment that you might have seen only on the Discovery Channel, then David Haywood might be your guy. “We work with medium to larger contractors, typically with a pretty […]

January 14, 2013