Headline News
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....
Lifting Gear Hire, Chicago Pipefitters Union Partner to Supply Rigging Classes
Lifting Gear Hire Corp. and the Local 597 Pipefitters Union training facility in Chicago recently partnered to develop an annual rental contract pilot program that secures rigging for the Local 597 Pipefitter Union’s advanced industrial rigging classes until the end of 2012....
The Rental Show Ranks No. 99 in Top 100 U.S. Trade Shows
Trade Show News Network last week released its latest TSNN Top 250 Trade Show rankings of the largest shows in the United States for 2011. The Rental Show was No. 99....
Doosan Appoints Six Dealerships as New Distributors
Doosan Infracore Construction Equipment America recently appointed six dealerships as new carriers of Doosan heavy equipment....
Volaris Group Acquires Wynne Systems from United Rentals
Volaris Group today announced it has purchased Wynne Systems, InfoManager Inc. and Wynne Systems EMEA, N.V. from United Rentals....
Deere Second-Quarter Earnings Reach Record $1.056 Billion
Deere & Co. this week reported net income was $1.06 billion, or $2.61 per share, for the second quarter ended April 30, compared with $904.3 million, or $2.12 per share, for the same period last year....
Noble Rents, Formerly Rolls High Reach, to Represent LiuGong in Southeast Texas
Noble Rents, formerly known as Rolls High Reach, and a subsidiary of Texada Software, has signed a dealership agreement with LiuGong Construction Machinery....
Ritchie Bros. Net Earnings Jump 32 Percent in First Quarter
Ritchie Bros. Auctioneers, the world’s largest auctioneer of industrial equipment, posted net earnings of $18 million or 17 cents per diluted share for the first quarter ended March 31....
ARA Expands Forecast for Equipment Rental Growth in 2012
The outlook for the equipment rental industry indicates increased optimism as first-quarter performance was better than expected, resulting in a more positive outlook for the full year....
Noble Rents, Formerly Rolls High Reach, to Recapitalize Existing Debt
Texada Software’s wholly owned U.S. equipment rental subsidiary Noble Rents, formerly known as Rolls High Reach, has had a term sheet approved by a U.S. lender’s credit committee to recapitalize its existing debt....
Trico Lift HR Manager Honored
Trico Lift human resource manager Andrea Jaworski was named the Delaware Valley Regional Society of Human Resource Manager’s 2012 HR Rising Star....
Dosko Names Stull Equipment New Distributor
Dosko announced that Stull Equipment Co. of Pottstown, Pa., will provide distribution and dealer support for Dosko’s line of stump grinders, brush chippers, chipper/mulchers and log splitters....
Terex Woodsman Demonstrates at ‘Partners in Performance’ Event
Terex Woodsman recently attended a Terex Aerial Work Platforms-hosted event to present and demonstrate the Terex Woodsman product offering and equipment to rental companies....
Ahern Rentals Receives Extension to Propose Reorganization Plan
Ahern Rentals received an extension of the 120-day period in which the company can exclusively propose a reorganization plan to exit bankruptcy, VegasInc.com reported. U.S. Bankruptcy Judge Bruce Beesley in Reno, Nev., granted Ahern Rentals an extension until Aug. 20....
Strongco Posts 100-Percent Net Income Improvement
Canadian multi-line distributor Strongco Corp. posted first-quarter total revenues of CDN $96.8 million (about U.S. $96.5 million), an 11-percent increase compared to the first quarter of 2011. ...
True Value Offers Midwest Regional Demo Day to Rental Operators
True Value Co. brought together more than 100 supplier representatives, rental operators and store associates to take part in its second regional Rental Demo Day in Menomonee Falls, Wis....
Modern Group Names Carcione Internet and Inside Sales Representative
Modern Group, a leading distributor of material handling products, construction equipment, and power generation products, announced that Rob Carcione has returned to the Modern Group in the newly created position of inside sales and Internet sales representative....
Takeuchi Adds New Dealerships in California
Takeuchi-US last week added two new dealerships in California to represent its full line of compact earthmoving equipment. ...
Point-of-Rental Systems Integrates VeriFone Terminals for Added Security
Point-of-Rental Systems recently updated its rental management software to integrate VeriFone secure payment terminals, which provide the highest level of security available in payment processing, the company said....
Spider Hires Western Region Area Director
Spider, a division of SafeWorks LLC, recently named James Finn as area director of its western region....
USI Insurance Services Acquires Assets of National Insurance Specialists
USI Insurance Services this week closed the acquisition of certain assets of National Insurance Specialists, which is expected to contribute approximately $1.6 million in revenues to USI on an annual basis. ...
Caterpillar to Sell Majority Interest in Third-Party Logistics Business to Platinum Equity
Caterpillar Inc. today signed an agreement that would result in Platinum Equity acquiring a 65-percent equity stake in Caterpillar Logistics Services LLC, the third-party logistics division of its wholly owned subsidiary, Caterpillar Logistics Inc....
Finning Posts 16-Percent First-Quarter Revenue Hike
Finning International, the world’s largest Caterpillar and leading rental company, posted a 16-percent year-over-year revenue increase in the first quarter, with $1.5 billion in revenue as market conditions remained robust in all regions and product support revenues reached a new record....
Essex Rental Corp. First-Quarter Rental Revenues Grow 36 Percent
Essex Rental Corp. this week announced first-quarter equipment rentals segment revenues were $18.1 million, a 36.8-percent increase versus $13.2 million for the three months ended March 31, 2011....
Wajax Boosts Earnings 33 Percent in First Quarter
Canadian distributor Wajax posted consolidated first-quarter revenue of $358.1 million, compared with $303.9 million for last year’s first quarter, an 18-percent increase. ...
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