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Industry News


HERC Flat in First Quarter as Oil-and-Gas Stream Slows
Worldwide equipment rental decreased 1 percent in the first quarter for Hertz Equipment Rental Corp., although excluding currency effects it increased 2 percent compared to a year ago.
RER – 5/15/2015

Steady Growth Expected in Equipment Rental Revenue in 2015
The equipment rental industry stands poised to set an industry record for revenues in 2015 according to the latest updated industry forecast from the American Rental Association (ARA), despite reduced demand for equipment in oil patch drilling sites.
Compact Equipment – 5/13/2015

Maxim adds location in PA
Maxim Crane Works, L.P., Pittsburgh, PA, announced the addition of a new branch location in northeast PA, near Williamsport.
American Cranes & Transport – 5/13/2015

Neff Posts Solid Q1 Gains in Rental, Total Revenue
Neff Rentals increased total revenues 8.2 percent to $84.1 million compared to $77.7 million in the first quarter of 2014 while rental revenues jumped 7.3 percent to $74.1 million for the quarter compared to $69.1 million in the first quarter of 2014.
RER – 5/7/2015

Crane Specialist Essex Rental Corp. Improves Q1 Revenues, Profits
Essex Rental Corp. posted $12 million in rental revenue for the first quarter, compared to $11 million in the first quarter of 2014, a 9-percent increase.
RER – 5/7/2015

Revenue Jumps for Strongco in First Quarter
Canadian distributor Strongco Corp. increased revenues by 8 percent in the first quarter of 2015 to $112.6 million, with gross margin jumping 12 percent to $21.2 million.
RER – 4/30/2015

TNT Crane & Rigging Expands to Rocky Mountains with Acquisition of RMS Cranes
TNT Crane & Rigging, one the largest lifting service providers in the United States, has acquired Rocky Mountain Structures and its subsidiaries. Terms of the transaction were not disclosed.
RER – 4/28/2015

United Rentals Q1 Rental Revenue Up 11.9%
In its 2015 first-quarter financial report, United Rentals Inc. announced rental revenue (which includes owned equipment rental revenue, re-rent revenue and ancillary items) increased 11.9% year-over-year.
forconstructionpros.com – 4/22/2015

Sunbelt Rentals Acquires Wilson Rental Center
Sunbelt Rentals has acquired Wilson Rental Center, Corning, N.Y., a single-location construction equipment rental company established in 1987 by owner Craig Wilson.
RER – 4/10/2015

BlueLine Rental Acquires Virginia Rental Company Area Equipment
BlueLine Rental, Houston-based national equipment rental company, has acquired Area Equipment LLC, a rental company in Chesapeake, Va. that specializes in renting to customers in the industrial and non-residential construction markets.
RER – 4/3/2015