IPAF, Crane Groups to Host Lift Safety Zone at ConExpo
The International Powered Access Federation, along with the Crane Certification Association of America and the National Commission for the Certification of Crane Operators, will participate in a Lift Safety Zone in the Silver Lot at ConExpo in March 2011. The companies will offer expert advice on safe operation with the help of live machine demonstrations and simulator technology. IPAF will use dynamic demonstrations to show how to assess ground conditions and take appropriate safety measures when using aerials....
AEM Survey Predicts Solid Growth Through 2013
Construction machinery manufacturers predict overall business to close out 2010 with 8-percent growth, gaining 14.4 percent in 2011 and 14.5 percent in 2012, with 2013 growth of 13.4 percent, according to the Association of Equipment Manufacturers’ latest business outlook survey....
HERC Confirms Acquisition of 24/7 Studio Equipment
Hertz Equipment Rental Corp. confirmed RER’s earlier report that it has acquired Burbank, Calif.-based 24/7 Studio Equipment, an equipment rental company specializing in the rental of aerial equipment for film and television production. HERC purchased the company from lower-middle-market private equity firm Prospect Partners, LLC of Chicago....
Fourth Quarter Better Than Expected, Aggreko Says; Increases Fleet Investment
Trading in the fourth quarter has been better than anticipated, said Aggreko plc in a trading update this week. The world leader in the provision of temporary power and temperature control solutions said it has had continued strong results in its “Local” businesses and a drop in the off-hire rate. The company is expecting a 20-percent increase in group revenues for the year to about £1.22 billion (about U.S. $1.9 billion), with profit before tax and amortization rising 25 percent to about £305 million....
Finning Predicts 10 Percent Revenue Growth Per Year, Invests in Rental
Finning, the world’s largest Caterpillar dealer, told an audience of investors it expects to increase its investments in capex and rental over the next three years to support its growth. Finning said it expects its revenue to grow 10 percent per year during the next three years, with consolidating earnings growth outpacing revenue....
Washington Flooding Boosts Rentals for Birch Equipment
Flooding rains that fell in the Bellingham, Wash., area Dec. 11-12 boosted calls to Birch Equipment Rental & Sales from local homeowners with flood waters in and around their homes....
Construction Employment Rises in 20 States
Construction employment expanded in 20 states between October and November, while the list of states with year-over-year construction job gains grew to 13 states plus the District of Columbia, the Associated General Contractors of America reported in an analysis of state employment data released this week by the Labor Department....
Bigge Mobilizes Crane to Deliver Chemical Plant Vessel
San Leandro, Calif.-based Bigge Crane and Rigging was recently hired to transport and deliver a large vessel from Irvine, Calif., to a Bay Area chemical plant. Complicating the job was that it had to be delivered Thanksgiving week, giving Bigge only three days to plan, transport, and deliver the vessel before the holiday oversize load restrictions would shut down the Bigge transporter....
Birch Equipment Extends Toys for Tots Program
Bellingham, Wash.-based Birch Equipment Rental and Sales is extending its incentive to participate in the Marine Corps Toys for Tots Program by adding an additional 10 percent to whatever a partnering business donates....
RER Awards Most Innovative Products of 2010
Terex, Briggs & Stratton, and Doosan Portable Power took home the top awards in this years Innovative Product Award given out by RER, a leading information source for the rental industry. Terex Construction Americas received the Gold award for its PT-100G and PT-100G Forestry Compact Track Loaders, which are featured in the December issue of RER magazine along with the category winners. This year the awards showcase the most innovative products introduced between Aug. 1, 2009 and July 31, 2010....
Former ARA President Milt Neumann Dies
Former American Rental Association president Milt Neumann died last week. The founder and former owner of Spokane, Wash.-based A to Z Rentals was 78. Neumann served as ARA president in 1983....
JLG Graduates 6,000th Qualified Instructor
JLG Industries, an Oshkosh Corp. company and a leading manufacturer of aerial work platforms and telescopic material handlers, recently graduated the 6,000th qualified instructor from the company’s Train-the-Trainer course held in Las Vegas. James Mason Jr., who is an outside machine shop apprentice instructor, was recognized with the honor. He received gift certificates for JLG merchandise and complimentary accommodations from the Orleans Hotel & Casino....
AmeriQuip Eagle Names Distributor in Mexico
Houston-based AmeriQuip this week announced Equipos y Soluciones Gracida SA de CV, San Juan de Ocotan Zapopan Jalisco, Mexico as its new distributor in Mexico for the complete line of AmeriQuip products. The product line includes Eagle towable manlifts, Eagle self-propelled trax manlifts, Eagle hydraulic hammers, Eagle trailers, Eagle Atlas beam, and Eagle tire covers....
Outlook for Finance and Leasing Markets Appears Stable for 2011, Fitch Report Asserts
The outlook for the U.S. finance and leasing sector is stable for 2011 as expectations for a modest economic recovery will support improved net earnings prospects, according to Fitch Ratings. Improved earnings will allow for stronger capitalization and enhanced debt service capacity....
Ritchie Bros. Edmonton Auction Grosses $43 Million
Ritchie Bros. Auctioneers, the world’s largest industrial and construction equipment auction company, conducted a CA$43 million (about U.S. $42.7 million) two-day unreserved public equipment auction in Edmonton, Alberta, Canada, Dec. 9 and 10. On the 9th, Ritchie also conducted four other auctions — Atlanta, Chicago, Olympia, Wash., and St. Aubin sur Gaillon, France, giving the company more than U.S. $27 million in auction sales online in a single day....
Ashtead Posts First Half Improvement as Sunbelt Rentals Shows Gains
Sunbelt Rentals increased revenue 6.7 percent in its fiscal first half ended Oct. 31, posting $615 million compared with $576.1 million for the same period a year ago. For Ashtead plc, Sunbelt’s parent company, including U.K. rental company A-Plant, fiscal first-half revenue totaled £484.3 million (about U.S. $765 million), a 5-percent jump compared with £439.4 million for the year-ago period....
HERC Acquires 24/7 Studio Rentals
Hertz Equipment Rental Corp. has acquired Burbank, Calif.-based 24/7 Studio Equipment, according to sources close to the situation. HERC acquired First Call Studio Equipment in Sylmar, Calif., as its first major foray into the rental of equipment for film and television production. As film and television production increasingly branches out beyond California, HERC hopes, with the acquisition of 24/7, to leverage its national presence to grow in the film production market....
GE Capital and JCB Launch Financing Program for JCB Dealers
GE Capital and construction equipment manufacturer JCB reached an agreement to provide financing to JCB’s U.S. dealerships, allowing them to better manage wholesale floor planning by obtaining more flexible payment terms and increased liquidity....
Trico Lift and Modern Equipment Form Unique Strategic Alliance
Two of the rental industry’s largest independent regional companies, both based near Philadelphia, Trico Lift and Modern Equipment, announced that the two companies have entered into a strategic alliance to better serve their customers and stakeholders....
Aggreko Acquires Oil and Gas Specialist Northland Power Services
Aggreko has acquired Northland Power Services, a leading provider of power solutions for the oil and gas exploration and production market in the Rocky Mountain region of the United States, for about $26 million. Based in Gillette, Wyo., Northland operates out of three locations, has about 57 megawatts of power fleet and has forecast revenues for 2010 of about $12 million....
Canadian Equipment Rental Fund Posts Improvement in Third Quarter
Canadian Equipment Rental Fund’s revenues leapt 28.7 percent in the third quarter compared to the same period a year ago, posting CA $3.275 million (about U.S. $3.24 million) compared to $2.54 million in the same period a year ago. Revenue for the first nine months of 2010 was CA $10 million, compared to $9.8 million a year ago....
United Rentals Partners with Common Ground Alliance Using Call 811 Decals
The Common Ground Alliance, an organization focused on protecting underground utility lines and the safety of people who dig near them, announced a national partnership with United Rentals....
Aggreko to Invest $200 Million in Power Generation Technology
Aggreko is investing more than $200 million in power generation technology, the company said this week. The investment in diesel and natural gas equipment will enable the company to develop its emission-control technology on the temporary utility market. About 40 percent of the company’s investment will be made by the end of 2010 with the remaining 60 percent in 2011....
Kohler Rental Powers NYC Holiday Attractions
Kohler Rental Power, a Kohler Co. business, this week announced its supporting role in two annual New York City holiday attractions — “Citi Pond at Bryant Park” and “The WIRED Store” grand opening....
Titan Machinery to Acquire Fairbanks International
Titan Machinery today entered into a definitive purchase agreement to acquire certain assets of Fairbanks International and its affiliates. The acquisition includes six dealerships that offer one or more of the Case IH, New Holland agriculture and New Holland Construction brands. These dealerships are located in Grand Island, Kearney, Lexington, Holdrege, Hastings, and North Platte, Neb. The acquisition is subject to customary conditions to closing and is expected to close on or around Dec. 31....
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