Rental Equipment Register

Postcards from Bauma

  1. Bauma Sets Attendance Records
  2. Caterpillar’s Oberhelman Predicts Growth for Cat Rental Store Program
  3. North America Leads the Way as JCB Records Record Earnings in 2012
  4. More Postcards from Bauma...
Must Reads
RER Top 100 Rental Equipment Companies of 2012 List
One-Two Punch: RER Announces 2012 Innovative Product Awards
The Growth of Rental: Market Share or Rental Penetration?
Frank Manfredi's 2013 Rental Industry Forecast
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Latest Headlines
May 24, 2013
Article

Volvo AB Exploring Possible Sale of Volvo Rents, Bloomberg.com Reports

Volvo AB is exploring the sale of Volvo Rents, according to bloomberg.com. Quoting anonymous sources, Bloomberg said the company may be worth between $1 billion and $1.5 billion. The sources said the business has attracted interest from private-equity firms as well as companies. Volvo Rents officials contacted by RER said they could not comment on the report....More
May 24, 2013
Article

Komatsu America Acquires Distributor Midlantic Machinery

Komatsu America Corp. has acquired Midlantic Machinery, a former RER 100 company that is a Komatsu construction and mining equipment distributor. The acquisition by Komatsu America is part of a strategic reinforcement of its distributor network. Both Midlantic and Komatsu America anticipate continued growth in its territory. The company, based in Hatfield, Pa., also has branches in Harrisburg and Wilkes-Barre, Pa.; Baltimore; and a newly opened facility in Frackville, Pa....More
May 24, 2013
Article

Titan Machinery Says Fiscal Q1 Will Fall Short of Expectations

Titan Machinery, a leading network of full-service construction and agricultural equipment stores, said it expects to post revenue of about $440 million for the first quarter of fiscal 2014 ended April 30, compared to $421.7 million in the first quarter a year ago. However, the anticipated revenue is about $50 million less than previously anticipated, reflecting a probable shortfall of about $35 million in the agricultural segment and about $15 million in the construction segment....More
May 24, 2013
Article
RERMAG

New RER 100 Totals Highest Volume in Listing’s History

The RER 100 was released this week, ranking the 100 largest equipment rental companies according to rental volume....More
May 24, 2013
Article

National Pump & Compressor Opens New Branches in Oklahoma, Florida

National Pump & Compressor recently continued its expansion in the Midwest and East Coast with the grand openings of branches in Tulsa, Okla., and Fort Lauderdale, Fla. “The Tulsa branch was opened in response to customer demand for dewatering and water transfer pumps while the Fort Lauderdale branch will serve as a touchstone for expansion into South Florida’s construction, mining and municipal industries,” said Jason Pyle, vice president of operations.  ...More
May 24, 2013
article
RERMAG

The Stock Block

Check in on some of the latest stock prices for publicly traded rental companies and popular construction equipment and general tool manufacturers related to the rental equipment industry....More
May 24, 2013
Article

New Report on Industrial Equipment Rental in Canada Predicts Slower Pace of Growth

Industry research firm IBISWorld recently released an industry market research report on the industrial equipment rental and leasing market in Canada. Though the recession stifled demand for equipment and caused rental prices to drop, the report forecasts that rental will become a more widespread tactic to combat volatile demand and make otherwise-fixed costs more flexible over the next five years, thereby increasing revenues....More
May 24, 2013
Article

Ritchie Bros. to Auction 1,250 Heavy Equipment Items in Spain June 6-7

Ritchie Bros. Auctioneers will sell more than 1,250 heavy equipment items, including 25 mobile cranes, at its two-day Ocaña/Moncofa, Spain, unreserved public auction on June 6-7. Included in the auction is a 2008 Terex Demag AC700 all-terrain crane with a lifting capacity of 700 tons — the largest all-terrain crane ever sold at a Ritchie Bros. auction. All equipment items in the multi-million euro auction will be sold unreserved, to the highest bidders without minimum bids or reserve prices....More
May 24, 2013
Article

Haulotte Group Opens Subsidiary in India

Haulotte Group last week opened a new subsidiary in India as part of its key strategies to sell and deliver its products and services worldwide. The company’s strategic focus “Customer Proximity” focuses on the group’s expansion in emerging countries that have strong potential, particularly in India....More
May 24, 2013
Article

Toro Reports Record Second-Quarter Earnings of $704.5 million

The Toro Co. last week reported net earnings of $78.4 million, or $1.32 per share, on a net sales increase of 1.9 percent to $704.5 million for its fiscal second quarter ended May 3. In the comparable fiscal 2012 period, the company delivered net earnings of $68.8 million, or $1.13 per share, on net sales of $691.5 million....More
May 24, 2013
Article

Orion Software Partners with Payment Processor Mercury

Orion Software, creator of SiriusPro rental management software, has integrated with Mercury for payment processing, providing a PCI-compliant, reliable solution designed to deliver exceptional customer service. SiriusPro users can activate Mercury and seamlessly process every transaction and card type with no additional software to purchase, or stand-alone payment terminals to manage, the company said....More
RER Top 100 Rental Equipment Companies of 2012 List
May 23, 2013
Article

RER Top 100 Rental Equipment Companies of 2012 List

While the rental industry faces the challenges of increased equipment costs and depressed rental rates, improved demand is leading to better business conditions. See this year's RER's Top 100 Rental Equipment Companies of 2012....More
May 23, 2013
Article
RERMAG

Positive Growth Persists Q113 Baird/RER Survey Shows

Positive growth across the board continued in the first-quarter 2013 Baird/RER rental equipment survey with rental revenue growing 6.9 percent year over year and improving modestly from 6 percent growth in the fourth-quarter 2012 survey. Among higher revenue-earning rental companies ($15 million or more rental revenue annually) Q113 revenues increased 8.8 percent year over year compared to an increase of 8.1 percent in Q412, a slightly larger margin of growth....More
May 22, 2013
Article
RERMAG

RER to Present Webinar on Rental Penetration

RER is presenting a webinar May 29 on the subject of rental penetration. Entitled “5 to 50 and Counting,” the webinar will show how rental penetration — essentially defined as the percentage of equipment on jobsites that is rented as opposed to acquired by the user — has grown from an estimated 5 percent 20 years ago to more than 50 percent now. The webinar will also take a look at how rental penetration is likely to grow in the coming years....More
May 22, 2013
Article

SAF-T Conference in Nashville to Focus on Aerial Safety Issues

Maximum Capacity Media will host a one-day “Safe Access, Fall Protection & Training (SAF-T) Conference” July 24, immediately following the Scaffold & Access Industry Association 2013 Annual Convention at the Renaissance Nashville Hotel. Featured presentations and panel discussions will be led by some of the aerial industry’s leading authorities on aerial work platform safety. The sessions will include:...More
Current Issue
RER April 2013 monthly issue cover
Maximizing Profits from Your Rental Fleet
The Other Side of Rental Penetration
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Resources
Commentaries and Blogs
The Impressive Things about Bauma
by Michael Roth
Posted 4 weeks ago
in Rent Talk
Synergies with Oilfield Rental
by Michael Roth
Posted 36 weeks ago
in Rent Talk
The Crisis is Still a Crisis in Spain
by Michael Roth
Posted 50 weeks ago
in Rent Talk
Upcoming Webinars

Rental Penetration from 5 to 50 and Counting Webinar

DATE: May 29, 2013
TIME: 2:00pm ET/ 11:00am PT
Where: ONLINE
ABSTRACT: Rental penetration essentially means the percentage of equipment on jobsites that is rented, rather than owned by the end user. In this webinar, a panel of experts will discuss why rental penetration has grown, how it can be measured and understood, and how much it can increase in the coming years. Panelists include Dan Kaplan, Chuck Yengst and John McClelland.

REGISTER HERE

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