Ditch Witch Announces Top 10 Dealerships of 2011
Perry, Okla.-based The Charles Machine Works recently named its Top 10 Ditch Witch dealerships to the 2011 Crescent Club. From sales and marketing to parts and service, these dealerships exhibited extraordinary service to their customers, the industry, and to the Ditch Witch organization in 2011, the company said....
Toromont’s Equipment Group Posts 25-Percent Revenue Hike in Q4
Toromont Industries Ltd., which operates an equipment segment including one of the world’s larger Caterpillar dealers and Battlefield Equipment, one of Canada’s largest rental outfits, last week reported financial results for the three- and 12-month periods ended Dec. 31, 2011. In the fourth quarter, Toromont reported strong results with net earnings from continuing operations increasing 22 percent to CDN $34.2 million from CDN $28.0 million in Q410, reflecting higher revenues and better margins. For the year, net earnings increased 34 percent to CDN $102.7 million from CDN $76.7 million in 2010....
Essex Rental Corp. Schedules Q4 and Full-Year 2011 Earnings Call
Essex Rental Corp., together with its wholly owned subsidiaries, Essex Crane Rental Corp. and Coast Crane Co., will issue its fourth-quarter and year-end financial results on Monday, March 12, after the stock market closes....
Altec Chippers Join Home Depot Tool Rental Inventory
Altec Industries has announced the company’s strategic partnership with Compact Power Equipment Centers to offer Altec chippers in Home Depot Tool Rental departments across the United States and Canada. Since 2008, CPEC has provided customers with towable rental equipment, and will now include Altec’s DC610 chipper....
NES Rentals CEO to Keynote IPAF Summit in Rome
NES CEO Andy Studdert will keynote the International Powered Access Federation Summit in Rome March 29. “Analysing Accidents to Reduce Accidents” is the theme of the Summit, which will be held at the Sheraton Roma Hotel. The conference is held in English, with simultaneous translation in German, Italian and Spanish. The IPAF Summit is free and open to members and non-members who should register in advance at www.iapa-summit.info....
HERC Posts Double-Digit Fourth-Quarter and Full-Year 2011 Revenue Growth
Hertz Global Holdings reported fourth-quarter 2011 worldwide revenues of $2 billion, a 9.7-percent year-over-year boost and a company record. Worldwide equipment rental revenues jumped 11.1 percent year over year, with fourth-quarter rental-related revenue increasing 15.5 percent year over year, the company said....
New Property Tax Rules Hit Texas Rental Companies
Recent changes to Texas state tax law expands monthly and annual property tax reporting requirements for heavy equipment dealers to include heavy equipment rental and leasing companies as well, said John Woolard, managing partner at Morrison & Head, a property tax valuation and consulting firm based in Austin, Texas, with offices in Houston and Boerne, Texas....
United Rentals Introduces Online Trench Safety Training for Customers
United Rentals this week announced that its excavation safety training courses are now available online to help contractors to comply with Occupational Safety and Health Administration requirements. The online curriculum has been developed by instructors with trench site experience, and mirrors the classroom training the company provides at each of its trench safety locations nationwide....
United Rentals Offers $1.5 Billion Senior Notes to Finance RSC Acquisition
United Rentals this week announced that its subsidiary, UR Financing Escrow Corp., is offering $1.55 billion aggregate principal amount of senior unsecured notes and $650 million aggregate principal amount of senior secured notes, in each case to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended and outside the United States in accordance with Regulation S under the Securities Act....
New York Trial Begins on Crane Deaths
Manhattan prosecutors this week characterized the owner of a crane company as a greedy executive whose desire to save money led to a catastrophic crane collapse that killed two construction workers and seriously injured another, the Wall Street Journal and New York Times reported. The trial of New York Crane & Equipment Corp., J.F. Lomma Inc., and James Lomma, began this week. Lomma and his companies are charged with manslaughter and criminally negligent homicide....
Wyoming Rents Implements Point-of-Rental Systems
Wyoming Rents LLC recently licensed rental management software from Point-of-Rental Systems. The software will be used in all seven Wyoming Rents locations throughout the state. Wyoming Rents, a Cat Rental Store based in Casper, Wyo., rents Caterpillar and other allied equipment, serving the mining, gas, oil and construction industries....
Sany America Names East Coast Dealer
Sany America, which markets hydraulic excavators, concrete pump trucks, port machinery, rough-terrain cranes and crawler cranes has named DC Bates Equipment, based in Hopedale, Mass., as its East Coast dealer. DC Bates will attempt to expand Sany’s markets within the bridge, power and general contracting. DC Bates primarily focused on knuckle boom and aerial equipment before becoming a Sany dealer....
Morbark Names Dealer in Southern Ontario
Morbark Inc., a leading manufacturer of tree care, forestry, sawmill, and wood recycling equipment, recently signed a contract making Grinding & Drilling Equipment its exclusive tree care products dealer for southern Ontario....
Volvo Rents Acquires South Carolina’s Palmetto Equipment Sales and Rentals
Volvo Rents continued its acquisition spree this week with the purchase of Palmetto Equipment Sales and Rentals, a two-location construction equipment rental company with branches in Ladson and Ridgeland, S.C. Volvo Rents recently bought another South Carolina company Blue Eagle Equipment, and the acquisition of Palmetto gives the company six locations in the state....
Ken de Vries Retires from All Star Rents
Ken and Heather de Vries have retired from All Star Rents and John Wooten has taken the reins as CEO. Wooten told RER he is leading the company as CEO although ownership is retained by de Vries and his siblings Don, Nancy and Rick de Vries. The company was founded by their late father Ted de Vries as Vallejo Rent-All in the early 1960s....
Finning Signs Deal to Extend Union Contract in Alberta and Northwest Territories
Finning International said its Canadian division extended a contract for 1,700 employees in Alberta and the Northwest Territories with the International Association of Machines and Aerospace Workers, The Canadian Press is reporting. The agreement is subject to a ratification vote by union membership over the next month....
ASCO Opens Belton, Texas, Branch
ASCO Equipment, Lubbock, Texas-based equipment dealership and rental company, celebrated a new location in Belton, Texas, with a grand opening this week. The company handles Case, Volvo, JCB, Bobcat, Terex, Kawasaki, JLG and a wide variety of other manufacturers. It also has branches in Midland, Abilene, San Angelo, Amarillo, Odessa, Perryton, Clovis, Wichita Falls, San Antonio and Austin, Texas....
New Pirtek Franchise Opens in California
Paul Martin recently opened a new Pirtek franchise in Long Beach, Calif. The mobile-based hose and fitting replacement business will specialize in minimizing equipment downtime by manufacturing replacement hydraulic hose assemblies at customer jobsites....
Finning Posts Record Revenues in Q4 and Full Year 2011
Finning, the world’s largest Caterpillar dealer and major North American rental company, posted a 35-percent revenue increase in the fourth quarter driven by highest-ever new equipment sales in each of its regions and record product support revenues. Consolidated EBIT grew 28 percent to CND $107 million (about U.S. $107.4 million), led by best-ever results from South America....
AWP Rental Fleet Replacement Lifts Q4, Full-Year 2011 Terex Sales
Terex Corp. today announced income from continuing operations of $38.8 million, or $0.35 per share, on net sales of $6.50 billion for the full year 2011, as compared to a net loss from continuing operations of $215.5 million, or $1.98 per share, on net sales of $4.42 billion for the full year 2010. Robust sales from Genie, Terex’s aerial division, were the leading driver in the improvement, with significant improvement coming from the independent rental sector....
United Rentals Acquires Specialist Coble Trench Safety
United Rentals has acquired the assets of Coble Trench Safety, a market leader in the rental and sales of trench safety and traffic safety equipment with 11 locations in the Mid-Atlantic and Southeast region....
Deere Posts 11-Percent Fiscal First-Quarter Revenue Hike
Deere & Co. posted worldwide net sales and revenues for its fiscal first quarter ended Jan. 31 of $6.77 billion, compared with $6.12 billion a year ago, an 11-percent jump. Net income was $532.9 million or $1.30 per share, compared with $513.7 million, or $1.20 per share a year ago, an increase of 3.7 percent....
United Rentals Clears Opposition from Canadian Authorities on RSC Acquisition
United Rentals and RSC Holdings this week announced that United Rentals received a “no-action letter” from the Canadian Competition Bureau indicating that the Bureau does not intend to oppose completion of the previously announced acquisition of RSC Holdings by United Rentals. The receipt of the “no-action letter” satisfies one of the conditions to the closing of the proposed transaction. Completion of the proposed transaction remains subject to certain other closing conditions, including, among others, approvals of the stockholders of United Rentals and RSC Holdings....
Used Equipment Prices, Auction Sales and Rental Rates Rise, Rouse Reports
Used equipment prices increased 0.1 percent in December across the 14 major rental category indices tracked by Rouse Asset Services compared with November. For the six months ending Dec. 31, average index values increased 5.1 percent. Seven out of 14 category indices recorded one-month value increases ranging from 0.6 percent for articulating boom aerial work platforms to 4.5 percent for high-reach forklifts....
Canadian Rental Mart Sells Out Exhibit Space
The Canadian Rental Mart, Canada’s national trade show for the rental industry, last week announced it has sold out exhibit space for the show, which is scheduled for March 6-7 at the Toronto Congress Centre. The 2012 show will include some first-time features, including new exhibitors, the first-ever Canadian Rental Operator of the Year award and an appearance from HGTV star, Bryan Baeumler....
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