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Industry News


United Rentals opens eight specialty rental branches
North American rental company United Rentals has opened seven new specialty rental branches in the US and one in Canada.
International Rental News – 8/27/2014

Hertz Withdraws Full-Year Forecast, Expecting Weaker Results
Hertz said this week it is withdrawing its full-year financial forecast, stating in a regulatory filing that earnings would be "well below the low end of its 2014 guidance" because of "operational challenges."
RER – 8/20/2014

U.S. Rental Industry to Hit $35.8 Billion in 2014, IHS Says
The equipment rental industry in the United States is expected to generate $35.8 billion in revenue and outpace gross domestic product by more than four times in 2014, according to the American Rental Association's latest forecast from the ARA Rental Market Monitor.
RER – 8/12/2014

Essex Rental reports increased demand
Demand and rental duration for cranes is increasing across the USA, according to the second quarter results from Essex Rental Corp.
International Rental News – 8/12/2014

Rental Revenue Posts Slight Uptick for Essex in Q2
Equipment rental revenue increased 2.7 percent in the second quarter for Essex Crane Rental Corp., rising from $12.19 million in the second quarter of 2013 to $12.52 million this year.
RER – 8/8/2014

Non-residential improvements give H&E a push
Improving non-residential activity, together with energy and chemical sector business on the Gulf Coast, helped H&E Equipment Services post a 14.3% increase in second quarter revenues to US$280.4 million.
International Rental News – 8/1/2014

Construction equipment rental company has a new owner
Private equity firm Eberhart Capital has bought Contractor Sales & Service Inc. in Des Moines.
Des Moines Register – 7/9/2014

Illini Hi-Reach to Break Ground on Indiana Corporate Headquarters
Illini Hi-Reach, aerial work platform and material handling rental specialist, will relocate its corporate headquarters and service hub from Lemont, Ill., to Crown Point, Ind., owner and president Larry Workman told RER.
RER – 7/9/2014

Carlisle appointed Maxim CEO
Bryan Carlisle has been appointed chief executive officer at Maxim Crane in the USA, one of the world's largest crane rental companies.
International Cranes – 7/3/2014

Rental Revenue Growth Rate Up, Baird Q114 Survey Shows
Rental revenue growth rate trends accelerated to high single digits from the mid-single-digit growth seen in the fourth quarter of 2013 with average rental and utilization rates holding relatively constant, but at healthy levels, according to the latest Baird/RER rental equipment survey.
RER – 6/27/2014