Headline News
Ahern Rentals Posts Q3 Volume Increases
Las Vegas-based Ahern Rentals posted a 10.9-percent volume increase in the third quarter, with $101.4 million in total revenue compared with $91.4 million for last year’s third quarter. Rental volume jumped a robust 13.5 percent from $78.4 million a year ago to $89 million in this year’s third quarter....
Finning Increases Total Volume in Q3; Rental Volume Flat
Finning International last week reported record third-quarter revenue of CD $1.5 billion (about U.S. $1.24 billion) for 2008, an increase of 10.1 percent compared with the third quarter of 2007. Earnings on continuing operations were $103.4 million in the third quarter of 2008, a decrease of 5.9 percent compared with the same period last year. Third-quarter net income from continuing operations was $64.8 million or $0.37 diluted earnings per share, a 5-percent increase compared with the same period last year....
Essex Crane Rental Bullish After Strong Nine Months
Essex Crane Rental Corp. posted a 28 percent third-quarter rental volume jump from $12.7 million in last year’s third quarter to $16.3 million this year. Rental EBITDA for the third quarter of 2008 leapt 40.9 percent to $12 million, excluding a one-time charge of $350,000 associated with the sale of the business to Hyde Park, compared with $8.5 million in last year’s third quarter....
Delta Rigging & Tools Acquires Kelly Wire Rope
Delta Rigging & Tools, a leading provider of wire rope, rigging and lifting equipment, today announced the acquisition of Kelly Wire Rope. The acquisition of Kelly establishes Delta Rigging as the dominant provider of wire rope and rigging throughout Texas. The acquisition is the sixth in the last three years by Delta Rigging....
Sir Anthony Bamford, DeFeo, Case Among AEM Hall of Fame Inductees
Five manufacturing legends, past and present, were named as inductees to the Association of Equipment Manufacturers Hall of Fame at the organization’s recent convention in Arizona. ...
B.C.’s WesternOne Equity Grows in Third Quarter
Vancouver, B.C., Canada-based WesternOne Equity, which has developed a rental network based on the acquisition of several rental companies in western Canada, last week posted a 32.5-percent third-quarter volume increase and a 46.7-percent volume increase for the first nine months of 2008. The increases are largely based on acquisitions that have increased the size of WesternOne’s business....
Industry Associations Urge Leaders to Consider New Stimulus Package
In a joint effort, the American Rental Association, Associated Equipment Distributors, Association of Equipment Manufacturers and the North American Equipment Dealers Association are urging for economic stimulus action from the United States Senate and House of Representatives....
Case Names General Manager for Case Power and Equipment
Case Construction Equipment last week announced the appointment of Danny McGaugh as vice president and general manager of Case Power and Equipment, a Case dealership that sells, rents and services Case construction and industrial equipment. In this role, McGaugh is responsible for managing the sales, service and operations of the dealership's eight locations in California, Nevada, Oregon and Washington....
Acme Lift Hires New CFO
Acme Lift Co., a leading re-renter of self-propelled aerial work platforms in North America, last week named Don Johnston chief financial officer. Johnston has a 30-year background in financing and accounting, 28 of those in financing and accounting. He has worked in a variety of sectors, including insurance, manufacturing and real estate. He joins the company after a 13-year stint as CFO of Schaefer-Smith-Ankeney/Compass Insurance Agency....
B&G Takes on Wacker Neuson Compact Line
B&G Equipment & Supply, a leading distributor and rental company in the Southeast, recently signed an agreement adding the new Wacker Neuson line of compact construction equipment to its inventory....
Birch Equipment Honors Veterans
Bellingham, Wash.-based Birch Equipment last week honored its employee veterans and made good on a 15-year-old promise made by owner Sarah Rothenbuhler to give any employee veteran a paid vacation day in honor of Veteran’s Day if they could still fit into their military uniform....
Industrial Base Helps H&E Equipment Services Hold Steady in Q3
Third-quarter revenues and profits remained fairly solid for H&E Equipment Services, largely as a result of the company’s strong presence in the industrial and petrochemical markets....
HERC’s Q3 Rental Revenues Drop 6.8%
Worldwide third-quarter equipment rental revenues dropped 6.8 percent for Hertz Equipment Rental Corp., to $433.1 million, compared to $464.9 million for last year’s third quarter. For the first nine months of 2008, revenues were flat, dropping from $1,287.8 million in last year’s third quarter to $1,287.4 million in this year’s third quarter....
Kawasaki, Hitachi and TCO Form Wheel Loader Alliance
Kawasaki Heavy Industries, Hitachi Construction Machinery Ltd. And TCM Corp. last week reached an agreement to form an alliance focusing on their wheel loader businesses. The new corporation will consist of Kawasaki’s wheel loader operation, of which Hitachi will obtain a 34-percent stake through newly issued shares....
Hyde Park Finalizes Essex Crane Rental Acquisition
Hyde Park Acquisition Corp. last week completed its acquisition of privately held Essex Holdings and its subsidiary Essex Crane Rental Corp. The acquisition was completed after Hyde Park shareholders voted to approve it, also changing its name to Essex Rental Corp. Based in the Chicago suburb of Buffalo Grove, Ill., Essex is one of North America’s largest providers of lattice-boom crawler cranes and attachments with more than 350 cranes and attachments in its fleet....
Cashman Equipment Moves into Henderson Headquarters
Cashman Equipment has begun moving its operations into its new headquarters in Henderson, Nev., CEO MaryKaye Cashman told the Las Vegas Review Journal. The 300,000-square-foot, 42-acre facility will include a 23,414-square-foot Cat Rental Store with an expanded line of equipment, floor displays, service bays and a corporate dispatch department. Cashman’s Power Solutions division will be housed in a 32,266-square-foot building with chassis dynamometer diagnostic capabilities and new off-highway engine service bays, as well as enhanced service bays for on-highway vehicles....
Spider Adds Sales Representatives in Houston
Spider, a division of SafeWorks llc, recently hired two district sales representatives for its Houston location. John Amick and Bill Sherer are responsible for solving the suspended access and safety challenges of contractors and facility owners in the Houston area....
Western States Caterpillar to Reduce Work Force
Western States Equipment Co., a Caterpillar dealer based in Meridian, Idaho, said last week that it will lay off an undisclosed number of employees, affecting workers in all of the company’s locations. The company has branches, including Cat Rental Stores, in Twin Falls, Pocatello, Idaho Falls, Lewiston and Hayden, Idaho; Missoula and Kalispell, Mont.; Spokane and Pasco, Wash.; La Grande and Pendleton, Ore.; and Jackson, Wyo....
Portland Cement Association Adjusts Cement Consumption Forecast Downward
The Portland Cement Association last week said that the weak economy and tight credit conditions, coupled with severe job losses and the resulting decline in state government revenues, will translate into significant weakness for the construction industry through 2010, leading it to again adjust its cement consumption forecast....
IPAF Announces First Global Access Industry Awards
The International Powered Access Federation and its official magazine Access International have launched the first global awards specifically for the access industry. The trophies will be awarded on April 2, 2009 in Dublin, Ireland after the IPAF Summit....
John Deere Enhances Remanufacturing Focus with Acquisition of ReGen
Deere & Co. this week acquired full ownership of ReGen Technologies, a remanufacturing company located in Springfield, Mo. Deere had already owned 50 percent of the business. Financial details of the transaction were not released....
Snorkel Shuts Down Production for a Week
Elwood, Kan. Aerial work platform Snorkel International last month implemented a one-week shutdown of its principal United States production facility...
United Rentals 3Q Revenue Drops 12 Percent
Greenwich, Conn.-based United Rentals last week announced financial results for its third quarter 2008. Rental revenue was $677 million and total revenue was $873 million for the third quarter 2008, compared with $718 million and $990 million, respectively, for the same period last year, indications that the company is feeling the effects of the construction downturn. ...
RSC’s 3Q08 Earnings Flat
RSC Holdings Inc. last week announced third-quarter 2008 rental revenues of $419 million, up 1.7 percent from $412 million in last year's third quarter and representing 90 percent of total revenues. Total revenues were $467 million, up 1.1 percent over the comparable year-ago period. ...
Jacobs, Hoxie and Plugge to be Inducted in Rental Hall of Fame
Brad Jacobs, who spearheaded the dramatic consolidation of the rental industry in the late 1990s as founder of United Rentals, heads the latest American Rental Association’s Hall of Fame inductees. Jacobs will be inducted into the Hall of Fame in Atlanta in March along with rental industry pioneer Mitch Hoxie of Aero Rentals, Tucson, Ariz.; and Harold Plugge Jr., founder of the Taylor Rental franchise....
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | Next
