Tag: construction equipment rental: Page 17

Dealers

United Rentals to buy Neff Corporation for $1.32 billion

United Rentals has agreed to purchase Neff Corporation for $25 per share in cash, or $1.317 billion, and expects to close on the acquisition in the fourth quarter this year. The announcement follows the end of an agreement between Neff and H&E Equipment Services, which the former dissolved as a result of the more lucrative […]

August 17, 2017

Dealers

With shift in contractor demand, rent-to-rent should be part of every equipment dealer’s mix

In the early 2000s, an Associated Equipment Dealers (AED) meeting featured a contractor panel where the moderator delved into the then relatively-new, much-discussed topic of rentals. When one of the contractors on the panel declared, “I don’t rent,” my jaw dropped at the response by some dealers in the audience: they clapped. Another AED meeting, […]

March 21, 2017

Business

Year in Review: The Biggest Construction Equipment News Stories of 2016

While everyone has their sights on ConExpo in March, it might be easy to overlook what a busy year 2016 turned out to be. Here’s an quick overview, plus a timeline, of what happened in the construction equipment industry last year. Bonus: check out our editors’ quick predictions for 2017 on page 30. (Note: In order to meet […]

December 22, 2016

Dealers

United Rentals adds 7 sites to specialty branch dealer network in North America

United Rentals has expanded its specialty branch dealer network in North America by adding six locations in the U.S. and one in Canada. This brings the total specialty openings to 14 for 2016. “Our latest branch openings complete our plan for 14 new specialty locations in 2016, as part of our ongoing strategic expansion,” says Paul […]

November 16, 2016

Dealers

ARA names Conant as its next executive VP and CEO

The American Rental Association has tapped Tony Conant, whose resume is packed with operations and supply chain experience, as its next executive vice president and CEO. Conant was chosen by the association’s board of directors and will replace Christine Wehrman who is retiring after 16 years with ARA. Conant will become only the fourth ARA executive VP/CEO […]

October 20, 2016

Dealers

Yancey Bros. Cat uses SmartEquip for maintenance, repair workflow improvements at rental stores

Austell, Georgia-based Yancey Bros. Cat, the oldest Caterpillar dealer in the U.S., has completed the integration of SmartEquip’s Enterprise applications into its Cat Rental Store locations in an effort to boost productivity in multiple operations at these locations. These applications allow automation in service processes and connect fleet owners to manufacturers and dealers with real-time […]

September 26, 2016

Dealers

BigRentz launches QuickRentz notifications allowing rental locations to claim orders instantly

BigRentz, an online network that fulfills rental requests from more than 7,500 equipment rental suppliers across the U.S., has introduced a feature that will allow those suppliers to instantly claim an order. The feature, dubbed QuickRentz, will send an email and SMS message to rental locations that opt to participate notifying them instantly of a […]

September 14, 2016

Dealers

Recession weary heavy equipment buyers flock to rental, RPOs to lower risk

“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]

July 26, 2016

Dealers

Hertz Equipment Rentals is now Herc Rentals following spin-off

Hertz Equipment Rental Corporation said it expected to complete its metamorphosis into Herc Rentals today, July 1st, officially separating from Hertz Global Holdings. In materials prepared for investors and available on its website, hercrentals.com, Herc Rentals estimates its 2015 North American market share was 4 percent, compared with United Rentals at 13 percent and Sunbelt Rentals […]

July 1, 2016

Business

POLL: Are you renting more heavy equipment?

As we’ve spoken to contractors over the last few years, especially with those who were able to keep their businesses alive during the recession, we’ve heard from more and more who have increased their equipment rentals. Whether it was selling off much of their fleet to stay lean and mean during the recession or using rental […]

March 16, 2016

Business

ARA’s Rental Penetration Index down slightly in 2015 despite “robust” non-residential market

The American Rental Association’s Rental Penetration Index, which has been on a steep incline in the past five years, saw its first downward movement in 2015, says ARA. The decrease was slight, however, going from 53.9 percent in 2014 to 52.9 percent in 2015. The index—which measures the share of the U.S. construction equipment fleet […]

February 22, 2016

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