Tag: Herc Rentals

Dealers

Herc Holdings cuts capex by 46% in 2020 amid 3Q revenue decline

Herc Holdings, parent of HercRentals, reports a 12 percent decrease in rental revenues during the third quarter and a 10 percent decrease in total revenues. Equipment rental revenues for the quarter were $402.3 million compared to $459.6 million during the same period last year. Total revenues decreased from $508.1 million last year to $456.7 million […]

October 23, 2020

Dealers

Bidadoo reports 50% growth in its online equipment auctions

Bidadoo, an online construction equipment auction firm, reports a 50 percent increase in sales growth for the first half of 2019 when compared to the same period last year. Part of the growth has come from an increase in construction equipment manufacturers and rental companies using the online auction service to sell equipment coming off […]

August 5, 2019

Dealers

Herc Rentals posts strong 1Q with 10.3% revenue gain

In the first quarter of 2019, equipment rental revenue for Herc Rentals rose 2.3% to $377.6 million and total revenue rose 10.3% to $475.7 million.

May 6, 2019

Dealers

Business Roundup: America needs to reclaim its building legacy; Volvo opens registration for Road Institute; USDA offering $5.2B for rural water, sewer; Manitowoc expands crane sales thru Hayden-Murphy; Ridgid names new marketing director for underground

Ridgid names Dunphy marketing director of underground technologies Tim Dunphy has been named marketing director of underground technologies for Ridgid in Elyria, Ohio. Dunphy will manage new product development, partner relations and new business opportunities for the Ridgid line of diagnostics, inspection, locating and drain cleaning products. The company says Dunphy possesses “global expertise in market and […]

August 13, 2018

Dealers

Herc equipment rental revenues, machine sales up in 2Q as age of fleet falls

Herc Rentals has posted strong second quarter results, with swift growth in equipment sales & equipment rentals. Dig into all the details here!

August 8, 2018

Dealers

Business Roundup: Cat to close Waco plant; Construction execs predict ‘best year ever’; Herc Rentals revenue up 16%; Kubota adds Mo.’s Farm Shop; Yancey Bros. to carry Thunder Creek; AEM names Kubota’s Stucke treasurer

Kubota’s Stucke elected 2018 treasurer for AEM Todd Stucke, senior vice president of marketing, product support, and strategic projects for Kubota Tractor Corporation, has been elected 2018 Treasurer of the Association of Equipment Manufacturers (AEM). Stucke has served on the AEM board since 2014. He’s an industry veteran with more than 25 years of experience. […]

March 5, 2018

Dealers

Herc Rentals sees 16% jump in equipment revenue in 4Q

Reflecting double-digit growth across all regions, Herc Holdings is reporting a 16.2-percent jump in equipment rental revenue for the fourth quarter of 2017, compared to FY16. Equipment rental revenue climbed to $414.5 million in the fourth quarter of 2017 – up from $356.7 million. Total revenues were $491.7 million in the fourth quarter of 2017, […]

March 2, 2018

Dealers

Herc 3Q rental revenues jump 15%, profit quadruples

Herc Holdings is posting a jump of nearly 15 percent in equipment rental revenues for the third quarter of 2017 over the same period a year ago. And to meet increasing demand, the company plans a hefty hike in its capital expenditures. Equipment rental revenues for the third quarter were $413.1 million, a 14.7 percent […]

November 13, 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

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