Haulotte Middle East FZE to Open in Dubai
As part of its international development process, Haulotte Group last week announced it is continuing its worldwide development strategy by opening a new subsidiary in Dubai, United Arab Emirates, this month. ...
A-Plant to Try Electric Delivery Vehicles
A-Plant, one of the United Kingdom’s leading rental companies, is introducing a high-performance electric van into its delivery fleet. The Edison, designed and built by Smith Electric Vehicles, is based on the Ford Transit body shell but is 100-percent battery powered. The A-Plant model has a 90-kw motor, with a top speed of 50 miles per hour, with two suitcase-sized sodium nickel chloride batteries ranging up to 100 miles per charge....
United Buyer Cerberus Backs Out of Acquisition Agreement
Affiliates of Cerberus Capital last week backed out of a $6.7 billion agreement to acquire United Rentals, causing shares in the Greenwich, Conn.-based rental company to plunge 30 percent in one day. ...
Ahern Posts 27 Percent Q3 Volume Increase
Las Vegas-based Ahern Rentals continued strong operating results with $91.6 million in volume in the third quarter of 2007 ended September 30, up 27 percent year over year compared with $72.1 million for the third quarter of 2006. Rental volume increased 20.9 percent year over year from $64.8 million in last year’s third quarter to $78.4 million this year....
Finning Increases Net Income 68% in Third Quarter
Finning International, the world’s biggest Caterpillar dealer/rental company last week raised its dividend for the second time this year, while posting a 68 percent increase in third-quarter net income on a 14 percent revenue increase. Finning posted CA $1.33 billion (about U.S. $1.37 billion) in revenue for the third quarter, up from $1.17 billion in the third quarter of 2006. ...
Continental Crane Co. Supplies Rough-terrain Cranes in the Southwest
Continental Crane Co. last week announced it has set up in the Los Angeles area to help contractors tackle the shortage of cranes in Southern California and the rest of the Southwestern region of the United States. The company said it is building “the largest, most modern and best equipped fleet of new rough-terrain cranes available for bare rental.”...
Grand Re-openings of Hertz Equipment Rental Draws Hundreds
Hertz Equipment Rental Corporation (HERC) celebrated the grand re-openings of its Springdale, Ark.-based facility on Oct. 25, and its Everett, Wash.-based facility on Oct. 26. The events, which drew more than 900 people and 475 people, respectively, showcased the facilities’ showroom and newly expanded product line, which includes small tools, equipment and contractors’ supplies....
Kennards Hire Contributes $10,000 to ARA Foundation
To show appreciation for the help and friendship they’ve received from members of the United States rental industry in the past 40-plus years, Andy Kennard and Peter Lancken contributed $10,000 to the ARA Foundation on behalf of Kennards Hire in Australia. The gift is the largest single donation ever made to the Foundation from a rental business....
United Rentals Closes Michigan Branch
United Rentals last week closed its Hudsonville, Mich., branch according to the Grand Rapids Press. Fred Bratman, United Rentals’ vice president of corporate communications, told the newspaper that the closing of the facility is part of the company’s ongoing process of examining which branches are profitable and which might require consolidation....
ALL Erection Releases Equipment Guide
ALL Erection & Crane Rental Corp. recently released a new 20-page equipment guide featuring a foldout section of complete equipment lists and specs for the company’s entire fleet, along with application photos and information on all of ALL’s equipment and services....
British Aerial Giant Lavendon Acquires Three Rental Companies
British aerial equipment rental specialist Lavendon Group last week said it acquired one powered access rental and equipment firm and agreed to buy two others in deals totaling €87.8 million (about $128.8 million)....
Coates Hire Projects Big Earnings
Coates Hire, Australia’s largest rental company, last week released earnings guidance for its various divisions. The general meeting might be the company’s last, since it agreed to be acquired last month by U.S.-based private equity group The Carlyle Group and Australian rental outfit National Hire....
New Zealand Caterpillar Dealer Names Green CEO
Goughs, the Caterpillar in New Zealand, last week named Andrew Green CEO -- Equipment Group after what the company termed an extensive worldwide recruitment process. The Equipment Group includes the Caterpillar Business Unit, Goughs Forklifts, Goughs Engineering and The Cat Rental Store....
Harsco’s SGB Division Gains $1.6 Million Singapore Contract
Worldwide industrial services company Harsco Corp. last week said its SGB access services division has been awarded two contracts totaling more than $1.6 million to support construction of a new GlaxoSmithKline Vaccine Plant in Singapore....
Komatsu Appoints New Rental Manager
Ewen Gilchrist has become Komatsu’s rental business manager for Europe, replacing Benoit Fosséprez who has left the company to join a non construction-related business in Luxemburg....
H&E Equipment Services Revenues Jump 32.6% in Q3
H&E Equipment Services last week announced a 32.6-percent revenue increase for the third quarter of 2007, rising from $204.1 million in last year’s third quarter to $270.6 million this year. Gross profit jumped 22 percent to $83.9 million, compared with $68.7 million for the year-ago period. Rental volume grew 12.2 percent from $67.3 million to $75.6 million....
H&E Announces Stock Repurchase Program
H&E Equipment Services last week said its board of directors has authorized a stock repurchase program, under which the company may purchases, from time to time up to $100 million of the company’s outstanding common stock. The company said it would acquire the shares in open-market transactions at prevailing prices or through privately negotiated transactions as conditions permit....
Gregory Poole Breaks Ground on North Carolina Facility
Caterpillar dealer Gregory Poole Equipment Co. held a groundbreaking ceremony Nov. 1 for its newest facility in Mebane, N.C. The 51,800-square-foot building will be located in a new 40-acre commercial park. ...
Neff Corp. to Host 3Q07 Earnings Call
Neff Corp. last week announced it will hold a conference for investors and analysts at 10:30 a.m. Eastern time on Thursday, Nov. 15, to discuss matters covered in Neff Corp.’s quarterly report on Form 10-Q for the fiscal quarter ended Sept. 30, which it expects to file with the Securities and Exchange Commission on Wednesday, Nov. 14....
Ahern Rentals Announces Call
Ahern Rentals last week announced it will hold a conference call for press and analysts at 1 p.m. Pacific time on Thursday, Nov. 15, to discuss matters covered in the company’s quarterly report on Form 10-Q for the fiscal quarter ended Sept. 30, which the company expects to file with the Securities and Exchange Commission on Wednesday, Nov. 14....
Kansas RSC Equipment Rental Store Named Best Place to Work, Best Rental Supply Company
The Olathe, Kan., RSC Equipment Rental store was recently recognized as the best place to work and the best rental supply company in Johnson County, Kan., in the 10th annual reader’s choice poll conducted by The Kansas City Community News. This county includes many suburban Kansas City communities and has a combined population of more than a half-million people. The Kansas City Community News, a Sun publication, is circulated to more than 113,000 Johnson County homes. More than 1,200 of their readers voluntarily participated in the online poll. ...
Scaffold Industry Association Plans First ConExpo Exhibit
The Scaffold Industry Association last week announced it will set up its first-ever exhibit at booth L-3114 in the lobby across from the North Hall entrances during ConExpo-Con/Agg 2008 in Las Vegas. ...
ARA Seeks Nominations for Crime-fighting Award
The American Rental Association recently announced that nominations are now being accepted for the ARA Insurance Services/National Equipment Register Award, an honor bestowed upon an individual who has helped the equipment rental industry fight equipment theft....
Speedy Hire Names Marketing Director
Speedy Hire last week named Sarah Keedy group marketing director. Keedy’s hiring follows Speedy Hire’s recent acquisition of Hewden Tools, which has provided more cross-selling opportunities to the United Kingdom’s largest tool and specialty equipment rental company. ...
Italy’s PM Group Opens Branches in Spain and Argentina
Italian aerial manufacturer The PM Group has opened sales branches in Madrid and Buenos Aires....
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