CIT Survey Forecasts Increased Spending on New, Used Equipment
CIT Construction, a unit of CIT Group, a global provider of commercial and consumer finance solutions, last week announced the results of its 31st annual CIT Construction Industry Forecast which finds a majority cautiously optimistic about 2007...
AGC Economist Warns of Materials Cost Hikes
Associated General Contractors Economist Ken Simonson last week warned of an inflation rate for construction materials of 6 to 8 percent, with periods of 10 percent increases possible...
RSC Equipment Rental Opens First Toronto Branch
RSC Equipment Rental recently opened a branch in Gormley, Ontario, its first store in the Toronto area. The Scottsdale, Ariz.-based rental company said it will open up to 12 more rental centers in Ontario in the near future. ...
CRA Plans Bakersfield Trade Show in March
The California Rental Association will hold a convention and trade show March 20-22, 2007, in Bakersfield, Calif. The CRA Rental Rally Tradeshow will include equipment exhibits, a demo area, seminars, cocktail parties and a western-style dinner/dance...
Rowles Appointed Bobcat Americas President
David Rowles has been appointed president, Bobcat Americas, effective Sept. 1, according to Richard Pedtke, president, Ingersoll Rand Compact Vehicle Technologies. Rowles will be based out of Bobcat’s West Fargo, N.D., headquarters...
Qualcomm Partners with Vermeer on Telematics-Enabled Equipment
Qualcomm, a leading provider of business-to-business wireless enterprise applications and services, last week announced that it is working with Pella, Iowa-based Vermeer Manufacturing Co. to address the growing market demand for equipment-supporting advanced telematics capabilities...
United Rentals CFO Named to Delphi Board
Delphi Corp. last week said it has named United Rentals chief financial officer Martin Welch to its board of directors. Welch will serve on Delphi’s audit committee, filling the vacancy created by the departure of Bernd Gottschalk. ...
Stephenson’s Declares Cash Distribution
Stephenson’s Rental Services last week announced a cash distribution of CD $.0917 per Class A unit for the period from Sept. 1 through Sept. 30 to holders of record...
Birch Equipment Rental Owner Named in Puget Sound’s 40 Under 40
Sarah Rothenbuhler, president and general manager of Birch Equipment Rental & Sales has been honored as one of the top 40 executives under 40 years of age in the Greater Puget Sound area in Washington. ...
Briggs Equipment Parent Acquires Finning U.K.’s Forklift Business
Dallas-based Sammons Enterprises, parent company of Briggs Equipment, has agreed to acquire the material handling division of Finning UK Ltd. for about 85 million pounds (U.S. $160 million), in a deal expected to close at the end of this month...
Emeco Tops Forecasts for Fiscal 2006
Australian rental group Emeco Holdings last week announced fiscal year results that exceeded analysts’ expectations, while forecasting strength for the coming year...
Aggreko’s Pre-Tax Profit Up 78% in First Half
Aggreko plc, international specialist in the supply of temporary power, temperature control and oil-free compressed air services posted a 42.4 percent year-over-year increase for the first six months of 2005...
JCB Names Its First COO
As part of a long-term strategy for global growth, JCB last week appointed its first chief operating officer. JCB appointed Matthew Taylor COO in addition to his current role as managing director, JCB Sales....
NTS Opens Conroe, Texas, Branch
National Trench Safety, a Houston-based company specializing in the rental and sales of trench- and traffic-safety equipment, as well as OSHA-compliant training classes, last week announced the opening of a branch in Conroe, Texas, about 50 miles north of Houston. ...
Qualcomm Partners With NER
Qualcomm Inc., a provider of business-to-business telematics and equipment management services, and National Equipment Register, provider of centralized heavy equipment registration databases and related services...
Ritchie Bros. Alberta Auction Tops CD $34 Million
Ritchie Bros. Auctioneers topped CD $34 million in a one-day auction last week. Bidders at the auction came from 14 countries — including the United Arab Emirates, the United Kingdom and Mexico — as well as 32 U.S. states and 12 Canadian provinces and territories....
ARA Announces 2007 Incoming Board and Executive Committee Members
Moline, Ill.-based American Rental Association last week announced the names of members who won election to its board of directors for 2007...
President and CEO Leaving Toromont
The board of directors of Toronto-based Toromont Industries last week announced that Hugo Sorensen is leaving the company to pursue other business opportunities. He is resigning as a director and as president and CEO...
RSC Completes Edmonton Modernization, Plans Columbia Customer Day
RSC Equipment Rental has completed a $400,000 modernization of its West Edmonton, Alberta, store, as part of a company-wide effort to modernize its facilities and fleet. RSC will hold a customer open house at the facility this fall....
United Scaffolding Opens Atlanta, Birmingham, Branches
United Scaffolding Inc., an operating company of Xserv Inc., recently opened branches in Tucker, Ga., near Atlanta, and Birmingham, Ala. Major clients served by these facilities include 3M, Emory University, GE Power Systems, International Paper, and NASA...
United Rentals Appoints Helvie and Fahey to Financial Management Positions
United Rentals last week announced the appointments of Todd Helvie as senior vice president and controller, and John Fahey as vice president - assistant corporate controller and principal accounting officer, effective immediately. ...
Sunbelt Rentals Completes Acquisition of NationsRent
Sunbelt Rentals last week announced the completion of its acquisition by merger of NationsRent Companies Inc....
Rental Center Owner and Hockey Star Moore Injured
Dickie Moore, owner of Dickie Moore Rentals in Montreal and a National Hockey League Hall of Famer, was seriously injured in an automobile accident last week, according to Canadian press reports...
NationsRent Grows Revenues, Profits in First Six Months of ‘06
NationsRent posted total second-quarter revenue of $195.7 million, a 12.7-percent hike from the second quarter of 2005 when it grossed $173.7 million. The company raised its rental revenue 7.7 percent year over year, from $123.4 million in Q205 to $132.8 million this year. ...
Settlement Reached in Lawsuit Against Maxim
A Fort Worth, Texas, law firm recently announced a $3.1 million settlement in a wrongful death lawsuit filed on behalf of an El Paso, Texas, family against crane rental giant Maxim Crane following a 2000 accident near Bridgeport...
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