Volvo Rents Opens in Gulfport, Miss.
Volvo Construction Equipment Rents last week announced the opening of a new franchise in Gulfport, Miss., a city that was significantly damaged by Hurricane Katrina in 2005....
Stephenson's Rental Declares Cash Distribution
Stephenson's Rental Service Income Fund last week announced a cash distribution of CA 9 cents (U.S. about 8 cents) per Class A unit for the period from March 1 to March 31, to be paid April 16, to holders of record of Class A units of the fund on March 31. ...
PHP Sets Service-Call Record
Portable Heater Parts said it set a company record for the number of technical service calls received at slightly fewer than 10,000 calls processed during the past 12 months. This record came in a non-typical year that was warmer than usual for much of the winter season. The technical service staff set a new company standard for same-day service, PHP officials said....
AmQuip Acquires Shaughnessy Crane Services From NES Rentals
AmQuip Corp. last week announced that it acquired Shaughnessy Crane Services, a leading crane rental provider in New England, from NES Rentals Holdings. Shaughnessy/AmQuip will offer the most complete line of crane types in the New England region, including rough-terrain, all-terrain, crawler and tower cranes, ranging from 6- to 600-ton capacity. The Shaughnessy/AmQuip division will remain headquartered in its current Boston location....
Hertz Posts Strong 4th Quarter and Full-Year Profits
Hertz Global last week posted a strong quarterly profit, aided by recent cost-saving cuts as well as strong performances in the company’s car rental and equipment rental units. Net income for the fourth quarter was $39.8 million, 14 cents per share, compared with a $27.6 million, 12 cents per share loss in the same period last year....
Wacker’s Christifulli, Rick to Retire; Successors in Place
Dave Christifulli, Wacker Corp.’s vice president of sales and product support, has announced his retirement effective Dec. 31. Christifulli, who has worked with Wacker for 32 years and has led the sales organization as vice president since 1986, has been one of the key architects of the company’s dramatic international growth....
H&E’s Q4 and Full Year Hikes Top Expectations
H&E Equipment Services last week announced fourth quarter revenues of $215.5 million, up 16.2 percent from the fourth quarter of 2005 when it posted $185.5 million. EBITDA for the quarter was $58.7 million, a 37.5-percent increase compared to $42.7 million in Q405....
Wagner Equipment Opens Las Cruces Rental Center
Denver-based Wagner Equipment, the Caterpillar dealer for Colorado, New Mexico and west Texas, is opening a new Cat Rental Store facility in Las Cruces, N.M., this month, Brad Cofield, director of rental division for Wagner, told RER Reports. Cofield said the southern New Mexico branch is in a former Rust Rents facility that had belonged to former New Mexico Caterpillar dealer Rust Equipment. ...
Sunbelt Holds Kennewick Grand Opening
Sunbelt Rentals will hold a grand opening at its new Kennewick, Wash., branch Friday March 23, and Saturday March 24. Friday will be “Contractor Appreciation Day,” including a ribbon-cutting ceremony with the mayor and Chamber of Commerce members. Attendees will have the opportunity to demo and be trained on a variety of machines....
HERC Opens Renovated Facility in Charleston, S.C.
Hertz Equipment Rental Corp. announced it will celebrate the grand re-opening of its Charleston, S.C. facility on Friday, March 23. The event will take place at the store between 11 a.m. and 2 p.m. and will showcase the new 3,000-square-foot facility, which sits on a 2.5-acre lot, and houses six heavy equipment bays....
JLG Names New Telehandler Dealers
McConnellsburg, Pa.-based JLG Industries last week announced that it has appointed two new dealers for its telehandler line. Dawes Rigging & Crane Rental, Milwaukee, will provide sales and service coverage throughout Wisconsin except for counties near the Twin Cities. C. L. Boyd Co., Oklahoma City, will provide sales and service coverage throughout Oklahoma and North Central Texas....
Progressive and LoJack Partner to Combat Commercial Vehicle Theft
To help its customers combat commercial vehicle theft, Progressive, which sells commercial auto insurance to small businesses through independent insurance agents and brokers and also directly over the phone, entered into an agreement with LoJack Corp. to offer the LoJack Stolen Vehicle Recovery System to owners of commercial vehicles and construction equipment at a substantial savings. ...
Sunbelt Posts Strong Third Quarter Numbers
Sunbelt Rentals reported strong third-quarter results for the three-month period ended Jan. 31, with revenues increasing 73 percent year over year to $361.5 million, the company’s U.K.-based parent company Ashtead plc announced last week. Sunbelt’s operating profit increased 39 percent for the quarter to $58.1 million, up from $41.8 million in the fiscal third quarter last year...
Liebherr Expands Rental Division Into U.K.
Earthmoving, material handling and crane manufacturer Liebherr is establishing a rental operation in the United Kingdom, the company said recently. ...
United Rentals Names Kneeland Executive VP and COO
United Rentals last week named Michael Kneeland executive vice president and chief operating officer. Kneeland has served as executive vice president-operations since 2003. Kneeland has more than 25 years of management experience in the equipment rental industry, including key positions in sales and operations with private, public and investor-owned companies....
Wajax Posts Record Revenue and Earnings in 2006
Toronto-based Wajax Income Fund last week posted improved results for the fourth quarter of 2006 with $294.5 million in total revenue for the quarter, compared to $276.8 for the same period last year, a 6.4-percent increase. Total 2006 revenue was $1.21 billion, up from $1.05 billion for 2005, a 15 percent jump. ...
CRA Tops 150 Exhibitors for Rental Rally
The California Rental Association has topped 150 exhibitors for its upcoming Bakersfield Rental Rally. The trade show, to be held at the Kern County Fairgrounds March 20-22, also offers a large demo area. Executive director Dale Blackwell said the Bakersfield location was chosen in response to member requests that the show be held in an area they can drive to. “Bakersfield’s central location is convenient to many rental businesses,” Blackwell said....
Volvo Dealers Form Joint Venture to Acquire Dealer Spreitzer
Volvo Construction Equipment North America dealers Scott Construction Equipment Co. llc, and G. W. Van Keppel Co. have formed a joint venture company, Scott Van Keppel llc, to acquire Volvo CE dealer Spreitzer Inc. The new company will operate as a separate entity from the principal companies and as an authorized Volvo CE dealer in Iowa and Nebraska from present sales and services branches operated by Spreitzer. The appointment of the new dealership is effective immediately....
Volvo Rents Opens New Rental Center in New York
Asheville, N.C.-based Volvo Construction Equipment Rents last week announced the January opening of its second Volvo Rents equipment rental franchise in Marlboro, N.Y. ...
Wyatt Compressor Service Building New Broussard Facility
Wyatt Compressor Service recently broke ground on a 24,000-square-foot, $1.5 million facility in Broussard, La., according to the online version of the Lafayette, La., Daily Advertiser....
HERC to Hold Grand Re-Opening for Renovated Monroe Branch
Hertz Equipment Rental Corp. will celebrate the grand re-opening of its Monroe, La., facility on Friday. The grand re-opening is part of HERC’s general rental program expansion that HERC began in 2003 in support of its commitment to increase services and products for small, medium and large contractors as well as homeowners. The company added 24 general rental locations in 2006, and currently has 115 general rental locations in the United States and Canada....
Volvo Rents Names Genie Industries Vendor Of The Year
Volvo Rents recently named Redmond, Wash.-based Genie Industries its 2006 vendor of the year. Genie supplies Volvo Rents franchises with aerial work platform and telehandler products....
ARA Massachusetts Re-elects Chairman of the Board
The American Rental Association of Massachusetts, Avon, Mass., last week announced the re-election of John Costa Jr., president of B.C. Tent & Awning Co., as its chairman of the board....
Volvo to Acquire Ingersoll-Rand’s Road Development Business Unit for $1.3 Billion
AB Volvo last week agreed to acquire the road construction equipment division of Hamilton, Bermuda-based Ingersoll-Rand Co. for about $1.3 billion in cash. The sale, which is subject to government regulatory approvals and other customary closing conditions, is targeted to close in the second quarter of 2007. ...
United Rentals’ Net Income Jumps 19.8 Percent in 2006
United Rentals last week announced record earnings per share from continuing operations for the fourth quarter and full-year 2006. Fourth-quarter earnings per share of 71 cents increased 34 percent compared with 53 cents for the fourth quarter of 2005. Earnings per share for the full year was $2.28, up 18 percent from 2005’s full year EPS of $1.93....
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