HERC to Hold Grand Re-Opening for Renovated Monroe Branch
Hertz Equipment Rental Corp. will celebrate the grand re-opening of its Monroe, La., facility on Friday. The grand re-opening is part of HERC’s general rental program expansion that HERC began in 2003 in support of its commitment to increase services and products for small, medium and large contractors as well as homeowners. The company added 24 general rental locations in 2006, and currently has 115 general rental locations in the United States and Canada....
Federal Surge Brake Rules Finalized
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) in Washington, D.C., last week announced the publication of its final regulations that will allow surge brakes on all small and medium-sized trailers, even those used in interstate commerce. The new rules are effective April 5....
Volvo Rents Names Genie Industries Vendor Of The Year
Volvo Rents recently named Redmond, Wash.-based Genie Industries its 2006 vendor of the year. Genie supplies Volvo Rents franchises with aerial work platform and telehandler products....
Hawaii Rental Company Recovers Stolen Backhoe
A backhoe worth $85,000 and owned by Hawaii-based Henry’s Equipment Rental and Sales, was recently stolen from a contractor’s jobsite in Nanakuli. ...
ARA Massachusetts Re-elects Chairman of the Board
The American Rental Association of Massachusetts, Avon, Mass., last week announced the re-election of John Costa Jr., president of B.C. Tent & Awning Co., as its chairman of the board....
Volvo to Acquire Ingersoll-Rand’s Road Development Business Unit for $1.3 Billion
AB Volvo last week agreed to acquire the road construction equipment division of Hamilton, Bermuda-based Ingersoll-Rand Co. for about $1.3 billion in cash. The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in the second quarter of 2007. ...
United Rentals’ Net Income Jumps 19.8 Percent in 2006
United Rentals last week announced record earnings per share from continuing operations for the fourth quarter and full-year 2006. Fourth-quarter earnings per share of 71 cents increased 34 percent compared with 53 cents for the fourth quarter of 2005. Earnings per share for the full year was $2.28, up 18 percent from 2005’s full year EPS of $1.93....
United Rentals to Adopt SmartEquip’s Procurement System
SmartEquip last week announced that United Rentals has selected its e-Procurement Enterprise System to manage the company’s purchasing transactions. The system was designed to handle “direct” and “indirect” procurement in asset-intensive industries such as equipment rental....
Illini Hi-Reach Opens Branch in Northwest Chicagoland
Illini Hi-Reach expanded into the northwest suburbs of Chicago with a full-service location in East Dundee, Ill....
Hertz Announces Staff Reductions
Hertz Global Holdings, which operates Hertz Car Rental as well as Hertz Equipment Rental Corp., last week announced the second in a series of job cuts. The company plans to eliminate 1,350 positions in order to “eliminate unnecessary layers of management and further streamline decision making.”...
Housing Slowdown Stabilizing, IR Chairman Says
The housing slowdown that has affected sales of Bobcat machines as well as Ingersoll Rand’s security technologies is “stable at a low level,” IR chairman Herbert Henkel said last week....
The Rental Show Expands 2008 Exhibit Space
The American Rental Association last week announced that when The Rental Show returns to the Mandalay Bay Convention Center in Las Vegas next February, it will occupy more exhibit space than it did in 2005. ...
Aggreko Names Debenedetto West Area Sales Manager
Aggreko LLC, the world’s leading supplier of rental power, temperature control and oil-free compressed air, last week named Ray Debenedetto area sales manager for Aggreko’s West Area. Debenedetto will be responsible for the sales operations in California, Oregon, Washington and Nevada, and will also focus on Aggreko’s entertainment and event activities throughout the region....
Harsco’s Patent Division Tabbed for NY Stadium Projects
International industrial services and products company Harsco Corp. said last week that its Patent Construction Systems division has received more than $1 million in orders to provide a range of rental access equipment and services on three major league stadium projects already under construction in the New York metropolitan area....
H&E Equipment Services Announces 4Q06 Earnings Conference Call
H&E Equipment Services last week announced that it will release its 2006 fourth-quarter and year-end financial results on Thursday, March 15. ...
Cramo’s Pro-Forma Operating Profit Rises 87 Percent
Cramo Plc, an 11-country, 250-location rental company based in Helsinki, Finland, last week announced 2006 operating profit of EUR 68.6 million (about U.S. $90.3 million), an 87-percent increase from the previous year’s pro forma operating profit of EUR $36.5 million (about U.S. $48.1 million)....
Hero Products Expands Internationally
Paint-spray systems manufacturer Hero Products Group last week announced the acquisition of ECS Color Systems and ECS Color Solutions of Mumbai, India. The acquisition gives Hero a base for the economic production, development and distribution of its range of mixing and dispensing machines for global distribution....
Attendance Declines at The Rental Show
Although the general mood of the American Rental Association’s recent Rental Show in Atlanta was upbeat and buying activity was strong, attendance declined compared to last year’s Orlando, Fla., convention. ...
Business Conditions Strong Amid Rate Softening, Managers Say
Although business conditions have improved year over year, rental rates deteriorated slightly in January compared to December, a UBS Investment Research poll of branch managers found....
Strong 2H Profit For Australia’s Emeco
Australian heavy equipment rental company Emeco Holdings doubled its first-half profit with a net profit of AU $16.1 million (about U.S. $12.7 million), a 66-percent increase on the previous figure of AU $9.7 million. Earnings before interest and taxes were AU $ 59.4 million (U.S. $47 million), 74.7 percent higher than the previous AU $34 million....
Rental Pioneer Joe Ewing Dies
Joseph B. Ewing, an early pioneer of rental since the early 1950s, died last week in Springfield, Mo. After serving in the U.S. Army during World War 2, Ewing and his wife Peggy started a wood lot in the Los Angeles area. He soon added trailers and tillers and formed Joe’s Rentals. In 1962, the Ewings merged their company with Bud and Doris Turner’s rental centers to form PDQ Rentals. Still a major player in the southern California rental market, PDQ, based in Santa Fe Springs, Calif., is No. 89 on the RER 100....
Stallion Makes Acquisitions, Expands Internationally
Stallion Oilfield Services last week completed the acquisition of La Mission Rentals, Odessa, Texas, adding more than 90 workforce accommodation units and related equipment to its existing fleet. Stallion also announced the acquisition of Suttee Enterprises in Maysville, Okla., a supplier of surface rental equipment used in oilfield operations. The company’s operations will be integrated into Stallion’s existing business in Elk City, Okla....
Greene Valley Rentals Opens Fallon, Nev., Branch
Yerington, Nev.-based Greene Valley Rentals recently opened a branch in Fallon, Nev., the company’s second location. ...
United Rentals Signs Contract for Driver Training
Greenwich, Conn.-based United Rentals last week signed an agreement with L-3 Communications’ MPRI subsidiary, a global provider of vehicle and maritime simulation training, products and services, to provide driver training to its company drivers during the next year. ...
ConExpo 2008 Sets Exhibit Space Sales Record
The ConExpo – Con/Agg 2008 international construction industries exposition, to be held in Las Vegas next year, has set an exhibit space sales record of more than 1.9 million net square feet. The show is scheduled for March 11-15, 2008, at the Las Vegas Convention Center....
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