Perkins Engines Announces Plans to Manufacture in China
Plans to build a new manufacturing facility in China to produce small to medium-size diesel engines, were announced last week by Perkins at the Chinese construction exhibition Bices, in Beijing. ...
United Rentals Boosts EPS 23% in Third Quarter
United Rentals last week posted a 23 percent year-over-year increase in diluted earnings for the third quarter, rising from $0.79 per share in the third quarter of 2006 to $0.97 this year. Income from continuing operations jumped 26 percent in the third quarter to $111 million, compared with $88 million for the same period last year....
RSC Reports Strong Third Quarter 2007 Financial Results
RSC Holdings last week announced results for the third quarter ended Sept. 30. For the third quarter, total revenues were $462.0 million, up 8 percent from the $427.6 million reported for last year's third quarter. ...
ARA Selects Three Inductees for Rental Hall of Fame
The American Rental Association last week announced the newest inductees into the Rental Hall of Fame. Bill Begley, Tom Hawthorne and the late James Keenan will be formally inducted during the keynote session on Feb. 12, 2008, at The Rental Show in Las Vegas....
Volvo Rents Opens New Rental Center in Colorado
Volvo Rents last week announced it opened a Volvo Rents equipment rental franchise in the Denver area. Premiere Equipment Rentals, owned by Eric Radewahn and Andy Piotrowski, is now open in Commerce City, near Denver....
Hertz Reports Record 3Q Rental Revenue of $465 Million
Hertz Global Holdings reported record third quarter 2007 revenues of $2.45 billion, an increase of 9.3 percent over the same period in 2006, led by an 11.0 percent increase in worldwide car rental revenues for the quarter to a record $1.98 billion....
Cramo Acquires Danish Site Hut Rental Specialist
Cramo A/S, the Danish wholly owned subsidiary of Cramo Plc, last week acquired Skanska Denmark’s rental organization, including all personnel, existing machine fleet and rental contracts. Cramo estimates the acquisition will provide annual rental volume of at least Danish Kroner 100 million (about U.S. $19.5 million). ...
Watchdog Approves Doosan's Purchase of Ingersoll Rand Units
Korea’s corporate watchdog last week said it has approved a deal by Doosan Infracore to buy three units of U.S.-based industrial firm Ingersoll Rand....
United Rentals Shareholders Approve Buyout by Cerberus Affiliate
Shareholders of United Rentals approved on Oct. 19 a proposed $6.6 billion buyout by an affiliate of private equity firm Cerberus Capital Management LP. Nearly 99.8 percent of the stockholders approved the deal that will pay holders of United’s common stock $34.50 in cash for each share held....
Trico Equipment Reorganizes Into Separate Lift, Earthmoving Companies
Trico Equipment, which has one of the largest privately owned rental fleets in North America, has re-structured itself, organizing its earthmoving and aerial divisions into separate companies to enable each to focus more on its portion of the construction equipment market....
San Diego Rental Centers Support Community Firefighting Efforts
Equipment rental centers supported firefighting and community relief efforts in the San Diego region, Ted Donnelly, general manager of El Camino Rentals told RER....
H&E Takes On Link-Belt Line in Mid-Atlantic Region
H&E Equipment Services has been appointed an authorized Link-Belt dealer for excavators, forestry and material handling equipment in the mid-Atlantic region. The Link-Belt products will be offered in the majority of the locations recently acquired through the acquisition of J.W. Burress....
McGraw-Hill Sees Construction Decline in 2008
McGraw-Hill Construction last week released its 2008 Construction Outlook, which forecasts a drop in overall United States construction spending of 2 percent in 2008, fueled by tighter lending conditions and weaker job growth. Construction starts will decline to $614 billion, following an 8 percent decrease predicted for 2007....
Volvo Rents Opens New Rental Center in Missouri
Volvo Construction Equipment Rents last week announced the opening of a Volvo Rents equipment rental franchise in Branson, Mo. The new franchise is EBE Enterprises LLC....
Toromont Appoints President and CEO of Toromont Energy Systems
Toromont Industries Ltd. last week appointed Garry Mihaichuk president and CEO of its wholly owned subsidiary, Toromont Energy Systems. Mihaichuk is expected to assume his responsibilities in mid-November....
HAE Honors Speedy For Health and Safety Initiatives
The Hire Association of Europe gave Speedy Hire, the United Kingdom’s largest tool rental company, an award for Best Contribution to Health, Safety and the Environment. The award is an endorsement for Speedy Hire’s “Safety From the Ground Up” campaigns and corporate responsibility initiatives....
JLG Begins Expansion Project in Australia
JLG Industries recently announced it has begun a major expansion in Perth, Australia, which will dramatically improve its service to access equipment customers in Western Australia, South Australia and the Northern Territory. ...
Caterpillar Announces Record Quarterly Earnings of $11.4 Billion
Citing continued strength in markets outside of the United States, Caterpillar last week announced third-quarter sales and revenues of $11.4 billion, an all-time quarterly high. The company also reported profit of $927 million, or $1.40 per share, for the quarter ended Sept. 30. Profit and profit per share were also the highest ever for a third quarter....
Realignment Makes NES Aerial Rental Leader, Studdert Says
With the completion of its strategic realignment, the company is now “the leader in the aerial equipment rental space,” NES CEO Andrew Studdert said....
Rep Firm Cardinal Expands to Canada
Cardinal Sales, the Brooklyn, N.Y.-based manufacturers’ rep outfit led by Pat DeVitto, one of the rental industry’s most prominent and well-respected reps, is expanding into Ontario, Canada, DeVitto told RER. While marking 20 years as a manufacturers’ rep firm, Cardinal is believed to be the first United States-based rep firm to enter the Canadian market....
ChaseCo Equipment Opens Second Rental Location in Missouri
Chase and Julie Darrah recently opened their second equipment and tool rental location in Washington, Mo. The husband and wife owners opened their first location in Sullivan, Mo., about three years ago. ...
Volvo Rents Franchise Owner Named ABC Supplier of the Year
Bill Ellis, franchise owner of Volvo Rents stores in Somerville, N.J., and Langhorne, Pa., was recently named Supplier of the Year by the Associated Builders and Contractors’ Southeastern Pennsylvania chapter. ...
Columbus Equipment Co. Joins Morbark Dealer Family
Columbus Equipment Co., which specializes in heavy equipment distribution, service and rental, is now the authorized dealer of Morbark industrial equipment in Ohio, West Virginia and Kentucky....
Wachovia Offers Insurance Discount to Aerial Trainers
Wachovia Insurance Services last week announced the availability of a discount on general liability insurance premiums to companies that adopt AWPT/IPAF training for operators of aerial work platforms. The discount supports the efforts of the International Powered Access Federation and Aerial Work Platform Training, its North American subsidiary, to bring internationally recognized training programs to operators of aerial work platforms to the North American market. ...
ICUEE ’07 Breaks Attendance Records
The 2007 International Construction and Utility Equipment Exposition achieved all-time records for attendance, exhibitors and exhibit space, and educational programming during its Oct. 16-18 run at the Kentucky Exposition Center in Louisville, Ky....
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