Trends Analysis
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Headline News
Volvo’s Olney Maintains Confidence in North American Market
Volvo Construction Equipment president and CEO Pat Olney reiterated the company’s confidence in North America’s economic recovery in light of its 111-percent year-over-year increase in like-for-like sales during the first quarter....
Volvo Rents Acquires Three-Location Rental Solutions in California
Continuing the expansion of its California rental business portfolio, Volvo Rents last week acquired Rental Solutions, a three-location construction equipment rental company with stores in Napa Valley, Santa Rosa and Cloverdale, Calif....
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International News
Aggreko Opens Cape Town Service Center
Aggreko, world leader in providing temporary power and temperature control services, has opened a new service center in Cape Town, South Africa....
HSS Hire Looking at Possible Sale
Tool and equipment rental specialist HSS Hire Service Group is looking at strategic alternatives and might sell to a private equity group before the end of 2012, the Manchester Evening News reported....
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Wall Street Beat
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. ...
Wacker Neuson Reports Double-Digit Q1 Revenue Growth in Compact Equipment Segment
Munich, Germany-based Wacker Neuson experienced a strong start to 2012 with positive business development reported across the entire Wacker Neuson Group....
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Supply Side
Magnum Expands Berlin, Wis., Manufacturing Facility
Magnum Power Products recently celebrated a 24,000-square-foot expansion at its Berlin, Wis., manufacturing facility that will allow the company to meet growing demand for mobile generators, light towers and pumps. ...
Caterpillar to Open $37 Million Visitor’s Center in Peoria
Caterpillar Inc. plans to open a $37 million visitor’s center on the riverfront in Peoria, Ill., in October, the Associated Press reports. ...
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RER & The Environment
Deutz Releases Biofuel-Powered Engines
Deutz AG last week announced it has for the first time released engines that meet exhaust emissions standard IIIB for use with biodiesel....
Energy-Efficient Wheel Loaders Receive Volvo Technology Award
The Volvo Technology Award for 2012 was recently presented to Björn Brattberg and Sven-Åke Carlsson of Volvo Construction Equipment for their work on OptiShift, a system that makes a wheel loader up to 15-percent more energy efficient....
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Bricks & Clicks
RMI Partners with MobileDemand
RMI Corp. announced its partnership with MobileDemand....
HCSS Launches Mobile Applications to Improve Field Entry and Productivity
Construction software developer HCSS has introduced a suite of new mobile applications for collecting and reviewing data on construction field operations. ...
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Contractor News
AGC and Computer Guidance Establish Partnership
Scottsdale, Ariz.-based Computer Guidance Corp., a leading developer of financial and project management software solutions for architecture, engineering and construction companies, recently formed a strategic partnership with the Associated General Contractors of America, naming Computer Guidance as a member of its Affinity Program....
Mortenson Construction Deploys Texada’s Systematic Asset Management System
Texada Software last week announced that Mortenson Construction has successfully deployed Texada’s Systematic asset management system within its equipment facility network to manage its construction assets throughout North America....
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Interviews
Interview with Michael Kneeland: Follow the Money
United Rentals completed its acquisition of RSC Holdings April 30. Shortly before the deal closed, RER spoke with Michael Kneeland about the preparations for the integration of the two companies as well as the year in rental 2011....
RER Interviews Able Equipment Rentals’ Joe McCaffrey
Looking ahead to analyze business prospects in the rental industry, RER recently interviewed Joe McCaffrey, business development manager of Able Equipment Rentals, based in Copiague, N.Y., about lessons learned from the recent recession, how the rental industry has changed, customers’ expectations and the economic landscape for the year ahead....
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Reports from Bauma
JCB Introduces Five New Products at Bauma
JCB launched five new product introductions at the Bauma trade fair in Munich, Germany, last week....
JCB Gets Court Orders to Stop Exhibitors from Displaying Patent-Breaching Machines
JCB last week took tough action against three “far Eastern” manufacturers for product copying and patent infringements, the company said....
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