Most Viewed Stories of 2008
Rental Equipment Register's top 12 list of the most viewed stories by our visitors throughout 2008.
Judge Rules Against United Rentals in Cerberus Case
Greenwich, Conn. A Delaware court ruled against United Rentals' efforts to force Cerberus Capital Management to complete its $6.7 billion takeover of...
Cat Rental Store Launches Pilot With Home Depot
Caterpillar’s rental division has begun a pilot program to run Cat Rental Stores in Home Depot stores, Caterpillar officials confirmed at ConExpo last week. Although Caterpillar officials offered few details on the program, they confirmed a pilot location was recently begun in Texas and said more test locations may be added later this year....
Former United Rentals President Milne Charged With Securities Fraud
John Milne, former vice chairman, president and chief financial officer of United Rentals was indicted April 4 by a federal grand jury for conspiracy, securities fraud, insider trading and making false filings with the Securities and Exchange Commission. Federal prosecutors say Milne used insider information when he sold 850,000 shares of United Rentals stock and made more than $22 million....
United Rentals Names Industry Veteran Dixon VP of Sales
United Rentals has named 20-plus-year industry veteran Joe Dixon vice president of sales, effective June 9. Before joining United Rentals, Dixon served as global vice president and general manager for aerial work platform manufacturer JLG Industries....
RSC Launches Solid-Tire Initiative With JLG
RSC Equipment Rental announced the launch of a solid-tire initiative with aerial work platform and forklift supplier JLG Industries at an event at its Scottsdale, Ariz., headquarters last week. RSC officials said solid rubber tires last three- to four-times longer than standard or foam-filled tires, leading to a decrease in down time, fewer costly replacements and a significant reduction in wastes. ...
United Rentals Narrows Range of Full-Year 2008 Outlook
United Rentals last week narrowed its outlook range for full-year 2008 earnings per share to $2.65 to $2.85, maintaining the low end of the company’s previously announced EPS outlook range of $2.65 to $2.85. Total revenue guidance was narrowed to $3.3 billion to $3.4 billion from the previous guidance of $3.3 billion to $3.5 billion, because of lower than expected rental revenue....
Ahern Rentals Jumps 19.3 Percent in Second Quarter
Ahern Rentals increased second-quarter total revenue 19.3 percent, posting $98.1 million, compared with $82.2 million for the same period in 2007. Rental revenue increased 19.8 percent year over year, with $83.9 million for the second quarter this year, compared with $70 million for the same period last year....
United Rentals Settles SEC Inquiry
United Rentals last week reached a final settlement with the Securities and Exchange Commission of the SEC’s previously announced inquiry. This settlement brings the inquiry to a close for the company....
Taking the long view
Location, location, location a mantra used often in business mattered much in 2007. So did inventory mix. It was not a good year in the earthmoving business,...
United Rentals 3Q Revenue Drops 12 Percent
Greenwich, Conn.-based United Rentals last week announced financial results for its third quarter 2008. Rental revenue was $677 million and total revenue was $873 million for the third quarter 2008, compared with $718 million and $990 million, respectively, for the same period last year, indications that the company is feeling the effects of the construction downturn. ...
Volvo Adapts to Weakened Demand CEO Tells Investors
Volvo Construction Equipment is adapting to weakened demand, president and CEO Leif Johansson told investors at Investor Day in New York last week....
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