Manfredi Predicts 12-Percent 2012 Rental Industry Growth in February RER Article
The U.S. construction equipment rental industry will grow 12 percent to about $28.2 billion in revenue, industry analyst Frank Manfredi predicts in an article that will be published shortly in RER’s February edition, compared to about $25.2 billion in 2011. Manfredi predicts estimated rental revenue per location will jump from $1.82 million in 2011 to about $2.02 million in 2012, with estimated number of rental locations growing from 13,830 to 13,975....
Volvo Rents Acquires South Carolina Rental Company, Expands in Colorado
Volvo Rents has acquired Blue Eagle Equipment, a three-store equipment rental company with facilities in Columbia, Greenville and Spartanburg, S.C. The acquisition gives Volvo Rents four rental centers in South Carolina....
Manitex International Announces Record End-of-2011 Backlog
Manitex International, provider of boom truck cranes, rough terrain forklifts, container-handling equipment and special mission-oriented vehicles, said this week that it expects to report a consolidated order backlog of $83.7 million as of Dec. 31, 2011, an increase of 33 percent from Sept. 30. It also represents a 110-percent year-over-year jump and is an all-time high for the company....
Point-of-Rental Systems Integrates FedEx Shipping Options
Point-of-Rental Systems last week announced it has added FedEx shipping capability to its Enterprise rental management software....
United Rentals Announces 4Q11, Full-Year Conference Call
United Rentals, which last month announced its acquisition of RSC Equipment Rental, will hold its fourth-quarter and full-year 2011 conference call with CEO Michael Kneeland and William Plummer, chief financial officer, on Thursday, Jan. 26, at 11 a.m. Eastern Time. To access the call, dial (866) 219-5894 (domestic) or (703) 639-1125 (international)....
Xylem Expands Godwin Pump Factory in Bridgeport
Xylem Inc., formerly known as Godwin Pumps, has broken ground on a 10,000-square-foot extension of its manufacturing facility in Bridgeport, N.J., to support continuing growth for its dewatering business. The Bridgeport facility is a manufacturing plant for Godwin pumps....
RSC Holdings to Host 4Q 2011 Earnings Call
RSC Holdings Inc. will release fourth-quarter 2011 earnings results after the close of trading on the New York Stock Exchange on Thursday, Jan. 26. The company's management will host a conference call and webcast on Thursday, Jan. 26, at 5:15 p.m. Eastern time to discuss results for the fourth quarter ended Dec. 31....
H&E Equipment Services Remanufactures Manitowoc Crane under Encore Partners Program
H&E Equipment Services recently remanufactured and upgraded a used Manitowoc crawler crane under Manitowoc Crane Care’s new Encore Partners program. The Manitowoc 3950 crane was originally manufactured in 1994 and is used by a large steel manufacturer to load and unload barges with steel coils and other metal products....
Former Airline Executive Stewart Joins Acme Lift Co. as CFO
Acme Lift Co., the world’s largest strictly wholesale rental company, last week appointed Scott Stewart, former financial executive with US Airways and America West Airlines, vice president and chief financial officer....
Toromont Appoints New President and CEO
The board of directors of Toromont Industries Ltd. last week promoted Scott Medhurst to the position of Toromont president and CEO, effective March 1. Medhurst has also been appointed a director of Toromont effective the same date....
Road Machinery & Supplies Co. to Distribute Terex Compact Equipment in Florida
Road Machinery & Supplies Co. last week announced its five Florida locations will now offer the full line of Terex compact construction equipment to its customers. The Terex compact equipment line is made up of more than 45 product models, including skid-steer loaders, compact track loaders, wheel loaders, compact excavators and loader backhoes....
Volvo Rents Expands Southern California Scope with Acquisition of SoCal-EquipRent
Volvo Rents has acquired SoCal Rental-Equip Rent, a single-location construction equipment rental company in Glendora, Calif., east of Los Angeles. The Glendora Volvo Rents gives the company six branches in California — Glendora, Bakersfield and Temecula in southern California, and Merced, Modesto and Sacramento in the north central part of the state....
Volvo Rents Opens Branch in Braintree, Mass.
Volvo Rents has opened a new company-owned rental location in Braintree, Mass. The new Volvo Rentals equipment rental branch will be Volvo Rents’ third in Massachusetts, already in business in Southborough and Haverhill. The new facility will service the Boston marketplace....
Birch Equipment Celebrates 40 Years, Gains Federal DBE Certification
Bellingham, Wash.-based Birch Equipment this week announced it is celebrating its 40th year in business in 2012. Birch Equipment first opened its doors in 1972, outlasted hostile take-over efforts in the mid-90s and continues to thrive despite the past few years of economic turmoil. Birch is a leading independently owned equipment rental and sales company serving the Pacific Northwest and Southeast Alaska with seasonal coverage from Western Alaska to Montana....
Red-D-Arc Welderentals to Distribute Key Plant Automation Products
Airgas Inc. this week announced that its Red-D-Arc Welderentals subsidiary has partnered with Key Plant Automation Ltd. to become its exclusive global distributor of Key Plant weld-positioning and automation products. Key Plant has more than 50 years of experience in the design and manufacture of standard and custom-designed weld-positioning and automation equipment in the U.K., with sales to a variety of customers throughout Europe, the Middle East and Asia....
Home Depot Reopens Joplin, Mo., Store
Home Depot is reopening its Joplin, Mo., branch eight months after the facility was devastated by a tornado, the Joplin Globe is reporting. The new store is the most recent prototype for Home Depot stores across the country, store manager Steve Cope told the Globe....
IPAF Launches AWP Incident Database
The International Powered Access Federation has begun a systematic project to collect worldwide data on fatal accidents involving aerial work platforms, with the aim of improving the safe use of equipment....
Milwaukee JCB Dealer Expands to Larger Facilities
Construction equipment dealer and rental company Yes Equipment & Services is expanding for the second time in about a year, moving its Yes JCB division to new, larger quarters, the Milwaukee Journal Sentinel reports....
National Trench Safety Expands to Sacramento
National Trench Safety, a Houston-based company specializing in the rental and sales of trench and traffic safety equipment, as well as OSHA-compliant training classes, has opened a branch in Sacramento, Calif. The Sacramento branch is the company’s second in California, and is NTS’ 11th branch, with others in Arizona, Texas, Utah and Louisiana....
Volvo Rents Acquires Casco Rentals in Puerto Rico
Volvo Rents expanded its presence internationally with the acquisition of Casco Rentals, a division of Casco Inc. and Encar Rentals, in Puerto Rico. Casco was previously owned by the Irizarry Group, which also owned a three-location equipment rental company in Florida, acquired by Volvo Rents in August 2011....
Rental Center Owner Finds Missing Inventory in Facebook Photo
Gulfport, Miss., rental center owner John Milner discovered a former employee had stolen inventory from him accidentally while perusing Facebook. Milner, owner of Milner Rental Center, was looking at a picture on Facebook when he saw some of the company’s property, according to local media outlet WLOX....
IPAF Completes Training of Record 100,000 People in 2011
The International Powered Access Federation last week reported that a record number of 101,457 people completed an IPAF training course in 2011. Training available from IPAF-approved centers includes operator courses for which a PAL Card (Powered Access License) is issued, and management courses for which a certificate is issued....
Construction Spending Reaches 17-Month High in November
Construction spending in November reached a 17-month high of $807 billion at a seasonally adjusted annual rate, up 1.2 percent from a downwardly revised October total, and up 0.5 percent from November 2010, according to the Associated General Contractors of America’s analysis. Private residential spending increased 2 percent for the month and 3.4 percent year over year, while private nonresidential spending rose less than 0.05 percent for the month and 4.5 percent in the past 12 months. Public spending jumped 1.7 percent in November but declined 5.3 percent compared with November 2010....
HERC Acquires Northern California’s DW Pumps
Hertz Equipment Rental Corp. has acquired DW Pumps, a pump rental specialist based in San Leandro, Calif. Founded in 2003, DW Pumps also has a branch in Sacramento, Calif....
Buffet-owned Sterling Crane Acquires Australian Crane Outfit
Sterling Crane, an Edmonton, Alberta, Canada-based crane rental company primarily owned by Berkshire Hathaway, a private equity group headed by billionaire Warren Buffet, has agreed to acquire Western Australia-based Freo Crane, and its Queensland subsidiary Global Crane. The deal, reported by Cranes Today, would create a crane fleet of more than 800 units active on three continents....
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