Tag: construction equipment rentals

Dealers

HercRentals parent reports 2.4% increase in 3Q rental revenues

Herc Holdings, parent of HercRentals, says its 3Q equipment rental revenues increased 2.4 percent to $459.6 million, compared to $449 million in the same period last  year. Total revenues decreased 1.6 percent to $508.1 million, compared to $516.2 million in 3Q 2018. Although the company says it had strong year-over-year pricing and mix, these gains […]

October 30, 2019

Dealers

Biggest show floor in 20 years at well-attended Rental Show in New Orleans

Optimism was high at The Rental Show in New Orleans, with the largest floor the show has had in two decades and the best attendance since before the recession. All signs point up for a positive forecast for steady growth in equipment rental revenue, and that was reflected on a busy trade show floor during […]

March 5, 2018

Construction Equipment

Vermeer ups the lifting power with new CTX50 mini skid steer

Designed with the rental market in mind, Vermeer’s CTX50 mini skid steer has vertical lift arms that allow the machine to lift more than radial lift units of the same size. The CTX50 has a 600-pound rated operating capacity with a 1,715-pound tipping capacity. Because the lift path keeps the load closer to the machine, […]

March 9, 2015

Technology

Uber for Construction Equipment: Getable app lets contractors rent across vendors, manage owned and rented machines

Though the app itself is nearly 5 years old, Getable, an app that aspires to be the Uber of construction equipment, will be a brand new concept for the vast majority of U.S. contractors. The San Francisco-based company launched in 2010 as Rentcycle and until now has only been available to West Coast contractors and suppliers. However, […]

February 25, 2015

Construction Equipment

You’ll soon be able to rent JCB excavators at Home Depot

JCB will now supply 1,015 Compact Power Equipment Rental stores, located in Home Depots, with its 8029 and 8018 compact excavators. The “enhanced alliance,” as JCB terms it, came about after a test program of the excavators in 2014, in which the Home Depot division evaluated the machines, along with aftermarket sales and service support. […]

February 18, 2015

Construction Equipment

Thieves steal telehandler from construction jobsite, unsuccessfully try to knock over an ATM with it

The Jacksonville Sheriff’s Office is hunting for those involved in a failed attempt to either steal or burglarize an ATM using a telehandler. According to a First Coast News report, police said the JLG G10-55A, valued at more than $135,000, was stolen early Monday morning from a construction jobsite near Prudential Drive. The machine was […]

September 12, 2014

Technology

AEM survey: Construction firms plan to grow staff and fleet size, but most have no plans to use telematics

According to a survey released this morning by the Association of Equipment Manufacturers, U.S. construction companies are fairly optimistic about the near future as the majority say they plan to either increase or maintain current fleet and staff levels. The survey was conducted by AEM earlier this year with more than 1,200 responses coming in. […]

August 18, 2014

Construction Equipment

AEMP to collaborate with ARA on education, training and research

The Association of Equipment Management Professionals today announced a partnership agreement with the American Rental Association. The collaboration will enable the two groups to share information, education and training opportunities and research initiatives. “Equipment fleet management is a key element to running a profitable equipment rental business and AEMP has excellent education, certification programs and […]

July 16, 2014

Dealers

Caterpillar pushes dealers missing out on billions in sales each year to increase use of telematics data

Contractors aren’t the only ones not using telematics. Dealers of the largest heavy equipment manufacturer in the world are also being urged to up their use of the valuable data the technology creates. Caterpillar says its dealers are failing to capture somewhere in the range of $9 billion and $18 billion in revenue each year, […]

May 21, 2014

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