Tag: equipment rental: Page 8

Dealers

ARA survey: Majority of contractors plan to increase equipment rentals

A new study for the rental equipment industry indicates a majority of contractors plan to increase rentals during the next year. Most contractors surveyed (93 percent) rented equipment last year, and 52 percent of them said they expected to rent more equipment over the next year. Another 40 percent expected to  rent at least as much […]

August 29, 2019

Construction Equipment

Minimizer to build 100,000-square-foot facility in Owatonna, Minn.

Minimizer says it’s in the final planning stage for a new facility in Owatonna, Minnesota. The 13-acre building site is situated close to the intersection of I-35 and S.R. 14. “Given our current and future sales growth, as well as new product introductions, the new facility is a necessity,” says Christopher Thorpe, Minimizer CEO.  “We are […]

August 28, 2019

Dealers

Luby Equipment Services names Mike Adams sales rep; Don Castens retires

Case Construction Equipment dealer Luby Equipment Services has hired Mike Adams as a sales representative, taking over the territory of veteran Don Castens, who retired at the end of June. Adams comes to Luby from United Rentals, where he served as general manager of the company’s Springfield, Illinois operation and was responsible for branch operations. […]

August 27, 2019

Construction Equipment

Toro’s Charles Machine Works acquisition leads to 27.9% sales boost in 3Q

Toro reports a 27.9 percent increase in net sales for the third quarter, with this year’s acquisition of Charles Machine Works driving much of that rise. Toro completed its acquisition of Charles Machine Works, parent company of such brands as Ditch Witch, American Auger and Trencor, on April 1 for $700 million. The big jump […]

August 26, 2019

Dealers

Komatsu names Tractor & Equipment forestry equipment dealer for Ala., Ga. and northwest Fla.

Komatsu America has appointed Tractor & Equipment Company (TEC) its forestry equipment dealer for Alabama, Georgia and northwest Florida, offering track feller bunchers, log loaders, wheeled harvesters, forwarders and harvesting/processing heads. TEC has done a “a great job representing and growing Komatsu’s construction and mining business in this region, and we feel confident that they […]

August 26, 2019

Construction Equipment

Equipment Roundup: Komatsu unveils Proactive Dozing Control; Deere intros 3 new L-Series loaders; Roush unveils the Nitemare F-150; Komatsu launches D155AX-8 LGP; Artics seeing steady improvements

In high demand, popular articulated dump truck models seeing steady improvements Articulated dump trucks, with their ability to efficiently move dirt throughout the jobsite, are in high demand these days. Dealers report they can’t keep them in their rental fleets, and customers are scrambling to find someone, anyone, who can meet their need for artics. […]

August 26, 2019

Dealers

Wacker Neuson revenue rises 15.2% in first half of 2019

The Wacker Neuson Group posted a 15.2 percent revenue increase in the first half of 2019 over the first six months of 2018. The company says product innovations allowed it to expand market share in many markets. It also reported it has made headway on “major bottlenecks in the global supply chain” that it encountered last […]

August 23, 2019

Dealers

McCloskey names Daragh Cullen dealer manager

McCloskey International has named Daragh Cullen its dealer manager, responsible for dealer relations and recruitment in the eastern U.S. and the Caribbean. Cullen has more than 20 years experience in the equipment industry. In his new position, he will continue McCloskey’s close working relationships with its distribution partners, as well as identify and recruit prospective […]

August 23, 2019

Dealers

Lenders continue to see good times for used equipment loans

Editor’s Note: This is part two of our 2019 Used Equipment Report. To read part one, click here. Lenders are seeing another busy year in financing used construction equipment, with loan applications and approvals keeping pace with 2018. “Both years have been very good, both for contractors and the industry in general,” says Steven Nenn, […]

August 22, 2019

Dealers

BOMAG taps Nelson as director of dealer sales for western U.S., Canada

Matt Nelson will take the reins of BOMAG’s distribution and field sales team in the western U.S. and all of Canada, the company has announced. Nelson, who will hold the title of Director of Dealer Sales, joins the company after developing and leading a sales team at Epiroc that supported dealers in the mining market. […]

August 21, 2019

Dealers

ARA: N. American rental revenue near-term forecast down, no downturn expected

While projecting a positive picture rental growth in the long term, the American Rental Association adjusted its 2019 forecast slightly downward from its forecast in May. ARA and its research partner HIS Markit now say that U.S. equipment and event rental revenues will be about $55.7 billion. While this is still up 5 percent over […]

August 20, 2019

Dealers

Finning posts 24% boost in 2Q revenues driven by new equipment sales

Strong results in most of its markets prompted a 24-percent increase in 2Q revenues, reports Finning International. “We are pleased with strong equipment sales in all our regions,” says Scott Thomson, president and chief executive officer of Finning. “While we have not seen the benefit of large infrastructure projects or mining investment yet, we are […]

August 19, 2019