Headline News
RSC Names New Senior Vice President of Sales & Marketing
RSC Equipment Rentals today named Juan Corsillo senior vice president sales, marketing and corporate operations. Corsillo will oversee sales, marketing, business development and product management for RSC....
Former CRA Board Member and Rental Center Owner Joe Wiest Dies
Joe Wiest, former California Rental Association board member and president, and owner of Wiest Rentals and Sales, Riverside, Calif., died at his Riverside home March 1 at the age of 79. Wiest was born in Riverside on May 13, 1930 and was a lifelong resident of the city, graduating from Riverside City College....
ARA Forges New Alliance with True Value
In a move likely to beef up the American Rental Association’s Rental Show attendance, ARA has forged a new alliance with True Value Co. to expand rental services and member benefits to all the hardware cooperative’s retailers who offer rental services through their local stores or stand-alone rental businesses....
Former United President Milne Sentenced to 27 Months in Prison
John Milne, former president and chief financial officer of United Rentals, was sentenced this week to 27 months in prison for conspiring to falsify company records. Senior U.S. District Court Judge Ellen Breen Burns also ordered Milne, 50, to undergo three years of supervised release following his prison term and to perform 200 hours of community service....
Terex Agrees to Sell Atlas Heavy Construction and Crane Lines
Terex Corp. announced this week that it has entered into an agreement to divest the Terex Atlas heavy construction equipment group, located in Ganderkesee, Germany, and knuckle-boom crane and related components businesses, which have operations in Vechta and Delmenhorst, Germany. Also included in the transaction are the sales and service business located in Bradford, U.K., and the Terex minority ownership position in the Atlas Chinese joint venture....
Sunbelt Q3 Revenue Declines 33 Percent
Sunbelt Rentals rental revenue for the first nine months of its fiscal year ended Jan. 31, declined 28 percent compared with the same period a year ago, posting $759.6 million. Total revenue for the period was $821.3 million, compared with $1.184 billion for the same period a year ago, a 30.6-percent drop....
Trekker Tractor to Represent Case in Florida
CNH Global has assembled an investor group to sell its Case-branded equipment in Florida beginning in May, the Wall Street Journal reported this week. The investment group will help the company rebuild its dealer network in the Southeast. CNH Global has been without Case dealers in Florida, the Carolinas and Georgia since January, when Briggs Equipment closed down its Case dealerships in Florida, the Carolinas and Georgia, the Journal said....
United Rentals Appoints Flannery to Lead Combined Field Operations
United Rentals last week announced the combination of its East-West field structure for general rental and aerial operations under the leadership of senior vice president Matt Flannery. Flannery joined United Rentals in 1998 and most recently led Operations East. The company’s Trench Safety, Power & HVAC businesses will continue to operate under senior vice president Paul McDonnell....
Ohio Rentalman Thomas Honecker Dies
Thomas Honecker, co-owner of K-T Equipment Rentals, Findlay, Ohio, died last week of an apparent heart attack at the age of 61....
Wajax’ Revenue Drops 19.8 Percent in 2009
Wajax Income Fund recently posted fourth-quarter and full-year results, and announced plans to seek unitholder approval to reorganize the company into a corporate structure effective 2011....
Aggreko Posts Profit, Revenue Increases in 2009
Aggreko posted record 2009 group revenues of £1.02 billion (about U.S. $1.55 billion), an 8.2 percent increase compared with 2008’s total revenue of £946.6 million. Trading profit was £255 million (about U.S. $386 million), also a company record and a 26.1 percent year-over-year increase compared with £202.2 million in 2008....
H&E Equipment Services Posts 47-Percent Q4 Revenue Drop
H&E Equipment Services this week announced a 47.4-percent fourth-quarter revenue drop, plunging to $137.7 million compared with $261.9 million for the fourth quarter of 2008. Equipment rental revenues decreased 42.3 percent to $40.8 million compared with $70.8 million for the same period in 2008....
CRA’s Rental Rally Tradeshow Well Received by Exhibitors and Attendees
The California Rental Association held a small but spirited rental rally and trade show at the Kerns County Fairground in Bakersfield, Calif., this week. The tradeshow, which filled two exhibit halls, was the second show CRA has held at the venue, which was well received by exhibitors and attendees alike for its convenience and comfort....
Nashville Rental Company Files for Chapter 11 Protection
West Side Rental & Sales, a Nashville, Tenn.-based rental company, last week filed for chapter 11 bankruptcy protection and will reorganize to reconcile more than $1.4 million in debts, the Nashville Business Journal reported last week. The construction equipment rental company listed more than $2.6 million in assets and more than $1.4 million in liabilities....
Toromont Completes Acquisition of Remaining Enerflex Trust Units
Toromont Industries Ltd. last week completed the acquisition of all of the remaining trust units of Enerflex Systems Income Fund pursuant to its earlier announced “Tax Efficient Subsequent Acquisition.” Toromont now owns all of the outstanding trust units of Enerflex....
Atlas Copco Completes U.S. Acquisition of Quincy Compressor
Atlas Copco completed the acquisition of Quincy Compressor from EnPro Industries, with the exception of Quincy’s Chinese operations, where regulatory approvals from relevant local authorities are still pending....
Kiely Equipment Receives Wanco’s President’s Award
Wanco Inc. last week presented Kiely Equipment Co. with its President’s Award, which recognizes its top 25 volume dealers for 2009. Wanco Inc. is a manufacturer of highway and traffic control equipment, including message boards, arrow boards and portable floodlighting, since 1984....
Global Rental Alliance Holds Eighth Annual Meeting in Orlando
The Global Rental Alliance held its eighth annual meeting last month in Orlando, Fla., where representatives from 37 countries were in attendance for The Rental Show 2010. Discussion focused on the current economic environment and future projections for rental businesses represented by each of the organizations. Additional topics included insurance, safety/risk management, sustainability and corporate social responsibility, and equipment theft prevention and recovery, areas in which the organizations share information and work together for the collective good of their members....
Birch Equipment Introduces Rental to Women in Road Less Graveled Class
Birch Equipment Rental and Sales recently sent representatives to speak to students attending the six-week Road Less Graveled class at Bellingham Technical College in Bellingham, Wash....
Volvo CES Adds I-R Air Compressors
Doosan Infracore Portable Power has named the Fresno and Bakersfield, Calif., branches of Volvo Construction Equipment & Services as its newest dealer of Ingersoll Rand-branded air compressors and portable power equipment in California....
Sunbelt Rentals Opens Pump & Power Location in New England
Sunbelt Rentals this week announced the opening of a New England Pump & Power location in Shrewsbury, Mass. The new location will serve the greater New England area, including Massachusetts, Rhode Island, Connecticut, New Hampshire and Maine....
HERC Revenues Drop 33 Percent in 2009; Sees Recovery Potential
Hertz Equipment Rental Corp. posted $1.11 billion in worldwide equipment rental revenues for 2009, a 33-percent decrease compared with 2008, when total revenue was $1.658 billion. Worldwide equipment rental revenues were $274 million for the fourth quarter of 2009, a 26.1-percent decrease compared with the fourth quarter of 2008 when the company posted $370.7 million in the fourth quarter....
RSC Adds Two Key Financial Executives
RSC Holdings this week named two executives to its senior management team. Scott Huckins was appointed vice president and treasurer, responsible for investor relations. Huckins brings more than 20 years of extensive financial experience with companies such as Morgan Capital Management LLC, Koch Industries and Finova Capital Corp....
AmQuip Crane Rentals Opens Memphis Branch
AmQuip Crane Rentals has opened a branch in Memphis, Tenn., focusing on project and “bare” rentals. The facility has a 10,250-square-foot building and a two-acre service yard. The addition of the Memphis branch will leverage AmQuip’s already strong presence in Nashville, Tenn....
Terex Completes Sale of Mining Business to Bucyrus
Terex Corp. last week completed the previously announced sale of its Mining business to Bucyrus International for $1 billion in cash plus approximately 5.8 million shares of Bucyrus common stock. The products divested by Terex in the transaction include hydraulic mining excavators, electric drive mining trucks, track and rotary blasthole drills, and the highwall miner, as well as the related parts and aftermarket service businesses, including the company-owned distribution locations....
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