Tag: rental industry

Dealers

Breaking records, United Rentals reports 20.8% jump in 4Q rental revenue growth

United Rentals says its fourth-quarter 2018 earnings pushed by a 20.8% increase in rental revenue growth over 2017 as an increasing tide of customers see the benefits of renting versus owning.

January 28, 2019

Dealers

ARA announces Hall of Fame inductees

Joseph Jabbour, former president of Rand Air, and Bill Veneris with Alert Management Systems are longtime industry leaders and will be recognized by ARA.

November 29, 2018

Dealers

Amid growing worker shortage, ARA, TechForce team up to inspire students to pursue equipment technician careers

To encourage young people to pursue trade and technical careers that are necessary to support the equipment rental industry, the American Rental Association (ARA) is teaming up with TechForce Foundation of Scottsdale, Arizona. They’re collaborating to dispel the old stereotype of “grease monkey” as they raise the profile of those who work in the industry – […]

March 27, 2018

Dealers

Genie brings on six new sales reps in North America

Genie has hired six new sales representatives in North America: Dickey Bennett, Justin Kelley, Dave Porter, Tim Schmidt, Mike Shaw and Brad Trask. They will support Genie products and services for customers, focusing on their customers’ business goals, while also helping to develop new growth opportunities, the company says. “Our sales force plays an important role […]

January 4, 2018

Dealers

Caterpillar invests in, adds dealer inventory to Yard Club, an online contractor-to-contractor equipment rental service

Most contractors outside of San Francisco have likely never heard of Yard Club. But thanks to an investment from and substantial partnership with Caterpillar, that’s about to change. Caterpillar announced today that it has entered into an agreement that will greatly expand the startup equipment rental service, founded in 2013. Much in the same way […]

May 7, 2015

Business

ARA: U.S. equipment rental will grow 7.6% in 2014, exceed $51 billion in 2018

U.S. total equipment rental revenue will grow 7.6 percent this year, reaching $35.8 billion, but the American Rental Association is even more bullish about rental in the coming four years. ARA says rental revenue will grow 10.5 percent in 2015, reaching $39.6 billion; another 10.2 percent in 2016, reaching $43.6 billion; 8.9 percent in 2017 […]

August 12, 2014

Construction Equipment

Will you rent more equipment in the future? Three experts say it’s likely.

Two major factors have prompted equipment rental to boom in recent years, according to rental expert Dan Kaplan, CEO, Daniel Kaplan Associates: Economic uncertainty and what he calls the “outstanding” performance of today’s rental companies. “Major rental companies are targeting national contractor accounts and converting them from owning to renting,” said Kaplan in a webinar […]

May 31, 2013

Business

ARA forecasts U.S. equipment rental to generate $33.6 billion this year

The American Rental Association expects the U.S. equipment rental industry to generate $33.6 billion in revenue this year, an increase of 7.3 percent over 2012. The data is part of ARA’s Rental Market Monitor which was recently updated. The ARA expects construction and consumer spending to be the most important drivers behind equipment rental in […]

May 22, 2013

Construction Equipment

Manfredi predicts rental industry to surpass $32 billion in 2013

In the February issue of RER magazine, industry consultant Frank Manfredi says the U.S. equipment rental industry will surpass $32 billion in 2013, an increase of 16 percent over 2012. Rental will benefit from global economic uncertainty, says Manfredi with Manfredi & Associates, as more contractors choose to rent instead of buy. Manfredi expects rental […]

January 10, 2013

Construction Equipment

ARA prjects 8.2-percent increase in equipment rental industry in 2012

The American Rental Association (ARA) expects North American equipment rental industry revenue to increase by 8.2 percent in 2012 to reach $34 billion by the end of the year. This growth is fueled by a strong revenue growth projection of 9 percent in the construction and industrial segment to $22.7 billion and 8 percent in […]

August 21, 2012