Sunbelt Rentals Joins SmartEquip Network
Sunbelt Rentals announced Friday that it has entered into a commercial agreement with SmartEquip to utilize its SE B2B Exchange beginning in the second quarter of 2007. Sunbelt also announced the expanded use of SmartEquip’s e-FleetPro technology at 50 Sunbelt rental locations across the country, starting in the next 30 days. ...
Oshkosh Grosses $1 Billion in Fiscal Q1; Works on JLG Integration
Oshkosh Truck Corp., parent company of JLG Industries and a leading manufacturer of specialty vehicles and vehicle bodies, reported earnings per share for its fiscal first quarter of 55 cents, on sales of $1 billion and net income of $41.2 million, compared with EPS of 72 cents on sales of $790.3 million and net income of $53.1 million for the same period last year. Oshkosh’s EPS exceeded its most recent earnings estimate range of 35 cents to 40 cents per share, which included an estimated 15 cents per share dilution to EPS from its $3.1 billion acquisition of JLG. The actual dilution was 13 cents per share....
Booth Sales Brisk for CRA Rental Rally
The California Rental Association has almost sold out exhibit space for its March 20-22 “Rental Rally” in Bakersfield, Calif., CRA executive director Dale Blackwell told RER Reports. More than 100 vendors are attending and exhibitors include such prominent rental industry suppliers as American Honda, Bobcat, Ditch Witch, EDCO, Genie Industries, Hilti, Multiquip, Point-of-Rental Systems, Solutions by Computer, Sullivan-Palatek, Terramite, Titan Tool, Vermeer, Wacker and more....
HERC Opens 24 General Rental Locations in 2006
Park Ridge, N.J.-based Hertz Equipment Rental Corp. added 24 general rental locations in 2006 as part of its planned expansion in that line of equipment rental....
Toaster Causes Fire at HERC Branch
Fire sprinklers contained a fire started by electrical wiring in a toaster in an employee break room at the Hertz Equipment Rental Corp. branch in Rohnert Park, Calif., the Rohnert Park Public Safety Department reported last week. The fire caused about $10,000 in water and smoke damages. The fire was brought under control in 14 minutes and caused minor structural damaged....
AEM Enjoys Record Membership Growth in 2006
The Association of Equipment Manufacturers experienced record membership growth in 2006 and now numbers more than 750 companies from around the world that produce equipment, products and services for the off-road equipment manufacturing industry. AEM member companies are based in North America, Europe, Latin America and the Asia-Pacific region....
Maxim Crane Strategy Not Focused on Sale
Maxim Crane Works Holdings last week announced it has completed its analysis of strategic business alternatives and has determined that shareholder value can best be maximized in the future by continuing its focus on capturing incremental operating efficiencies, growing penetration in existing markets and evaluating potentially accretive acquisition opportunities....
Reinhart’s Skyworks Expands to Columbus
Skyworks Equipment Rental, a Buffalo, N.Y.-based company specializing in aerial work platforms and telehandlers, last week opened a branch in Columbus, Ohio, president Jerry R. Reinhart told RER Reports....
AED Attendance Up 17%
Attendance at AED’s Annual Meeting & CONDEX Jan. 16-18 in Las Vegas increased 17 percent compared with last year’s convention, association officials said last week. Distributor, manufacturer and service company attendees from the United States, Canada and abroad totaled 3,000, the second largest in AED history. ...
United Rentals to Hold Fourth Quarter Conference Call
Greenwich, Conn.-based United Rentals will hold its fourth quarter and full-year conference call with Wayland Hicks, CEO, Martin Welch, chief financial officer and Michael Kneeland, executive vice president-operations, Feb. 27 at 9:30 a.m. Eastern Time....
From The Editor
This week we are including some interesting analysis on the 2007 economy provided by Ken Simonson, chief economist for the Association of General Contractors. Simonson takes a look at the prospects for various types of construction for 2007. I’ve been following Simonson’s reports for a while and have found his insight to be excellent. Scroll down to Trends & Analysis and check out Simonson’s views. This week also brings an interesting Q&A with Ron DeFeo, CEO of Terex, on a variety of topics, and for those who might have missed last week’s interview with Dan Kaplan, it’s still available. Scroll down and check it out. For those of our readers attending this week’s World of Concrete show and viewing RER Reports on your laptop with little time to read, don’t forget that you can always log in to RER Reports at http://www.rerreports.com. ...
Private Equity Group Cancels Agreement to Acquire One Source
Oakmont Acquisition Corp. said it has terminated its previously announced agreement to acquire One Source Equipment Rental. Oakmont announced last summer an agreement to acquire One Source, a company that focuses on the industrial and general construction market and has locations in Dayton, Ohio; Lafayette, Ind.; and Decatur, Granite City and Morton, Ill....
Capital Rentals Divests Party Rental Division
Capital Rentals, a major player in the Washington, D.C., metro area, last week sold the assets of its party rental division, Capital Party Rentals, to John Moran, a veteran of the special event rental industry and previous president of Classic Party Rentals....
Cincinnati Rental Group Organizes Rental Show Bus Trip
The Greater Cincinnati Tool Rental Association is organizing a bus to take rental people to The Rental Show in Atlanta, Feb. 8-10. The bus, sponsored by a group of a dozen show exhibitors, will leave Cincinnati on the evening of Feb. 8, drive all night and arrive in Atlanta in the morning, giving participants two full days on the show floor....
Jesco Expands Fleet With Specialty Equipment
South Plainfield, N.J.-based Jesco, one of New Jersey's leading construction equipment dealerships, recently decided to expand its equipment fleet through the addition of several product lines including water trucks, pavers and a variety of specialty attachments including extended reach booms, side booms and rotating crushers....
Ahern Rentals Prices Senior Notes Offering
Ahern Rentals last week announced that it has priced an offering of $90 million aggregate principal amount of its 9 ¼-percent second-priority senior secured notes due 2013 in a private offering under Rule 144A of the Securities Act of 1933. The notes were priced at 103.75 percent of par, representing a yield to maturity of 8.497 percent. ...
From The Editor
Business is back in full swing after the holidays, and soon the Associated Equipment Distributors convention, World of Concrete and American Rental Association conventions will bring new products and business opportunities as well as new opportunities for people in the industry to get together and network and debate issues. But the New Year cannot be inaugurated properly without taking a look at what foremost industry consult Dan Kaplan has to say about the year ahead. Please scroll down to “Trends and Analysis” and see what Kaplan has to say about private-equity funds, the globalization of rental, telematics (or telemetrics) systems, software, the future of the independent, expectations for 2007, the penetration of rental and the advent of the $10 billion rental company. And more. ...
Stephenson’s to Explore Strategic Alternatives
Stephenson’s Rental Services last week announced that its board of trustees has initiated a process to identify and evaluate strategic alternatives to maximize unitholder (shareholder) value. The strategic review process is being undertaken in response to the recent announcements by Canada’s Department of Finance to impose a tax on income trusts, and the new challenges facing the income trust sector as a result. Canadian income trusts avoid most corporate taxes by making regular cash distributions to unitholders....
Kropp Equipment Enters Milwaukee Aerial Rental Market
Kropp Equipment is on the verge of opening a branch in Milwaukee, owner Al Kropp told RER Reports. Kropp said he hopes to begin moving into the facility over the next 10 days....
Former RSC Executive Jim York Dies
Former RSC Equipment Rental executive Jim York died suddenly of a heart attack between Christmas and New Year’s, while on a hunting trip in Texas, Volvo Rents’ Pete Post told RER Reports....
Harsco Wins $4 Million Contract With British Army
Worldwide scaffolding supplier Harsco Corp. last week announced a $4 million contract to provide scaffolding and related access services for two years for the refurbishment and modernization of two major British Army garrisons in the south of England....
Rental Industry Veteran Dan Suchan Joins MMD Equipment
Swedesboro, N.J.-based MMD Equipment announced last week that Dan Suchan has been appointed to vice president of national accounts. Suchan will be responsible for developing relationships with key national rental companies and marketing MMD’s line of construction-related products to those customers. ...
RSC Announces Winner Of Ford Pickup Truck
Frank Zwolinski, president of Wirtz, Va.-based Oakenshield Development Co., a full-service building and contracting firm, is the winner of RSC Equipment Rental’s “Tell Us How You Feel — To Get Behind The Wheel” contest for a new Ford pickup truck....
Private Equity Group Acquires United Rentals’ Traffic Control Business
United Rentals recently announced it signed a definitive agreement to sell its traffic control business to HTS Acquisition Inc., an entity newly formed by affiliates of private equity investors Wynnchurch Capital Partners and Oak Hill Special Opportunities Fund, L.P....
Home Depot CEO Nardelli Resigns
Bob Nardelli last week resigned abruptly as chairman and CEO of The Home Depot after a six-year tenure during which, despite large profits, Home Depot stock dropped 12 percent....
Previous | 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 | Next
