Volvo Rents Opens in Southborough, Mass.
Volvo Construction Equipment Rents last week announced the opening of a new Volvo Rents equipment rental center in Southborough, Mass. It is the company’s second independently operated rental center in the state; the new center is co-located with an existing Volvo Construction Equipment & Services operation....
Essex Rental Corp. Appoints Director of Finance
Essex Rental Corp. last week appointed Kory Glen to the newly created position of director of finance of Essex Crane Rental Corp. The position was formed in response to Essex Crane becoming the sole operating subsidiary of Essex, a public company. Glen will be responsible for Essex’s external finance functions, including Securities Exchange Commission reporting and compliance. He will report directly to Martin Kroll, senior vice president and chief financial officer of Essex Crane, and CFO of Essex....
A-1 Plank & Scaffold Adds Lawless Group to Rep Network
A-1 Plank & Scaffold Mfg. has added the rep group The Lawless Group to its rep organization. The Lawless Group covers Texas, New Mexico, Louisiana, Mississippi, Arkansas, Oklahoma and West Tennessee for A-1 products....
Topp Portable Air Receives Inc. 5000 Award
Aston, Pa.-based Topp Portable Air earned a position on the Inc. 5,000 list of fastest-growing privately held companies in the United States for the second year in a row, the company announced last week....
Godwin’s Paz Named to Boys & Girls Club of America’s Milbank Society
John Michael Paz, owner and president of Godwin Pumps, was recently cited as a member of the Boys & Girls Club of America’s Jeremiah Milbank Society and named to the board of the Boys & Girls Club of Gloucester County....
Essex Reports 41-Percent Drop in Rental-Related Revenue
Essex Rental Corp. last week posted a 41.2-percent decrease in second-quarter rental-related revenue. Excluding used rental equipment sales, Essex reported $11.9 million, a decrease of 41.2 percent from $20.2 million in last year’s second quarter. The decline was primarily because of lower equipment rental revenue attributable to lower utilization rates on cranes and attachments, which represented 61 percent of total revenue, or $8.9 million for the three months ended June 30, compared to $15.8 million in the predecessor’s comparable period in 2008....
UpRight Names Airco as its Panama Distributor
UpRight Powered Access has extended its global dealer network, naming Airco S.A., the new UpRight distributor in Panama....
Stephenson’s CEO Willie Swisher to Step Down at End of 2009
Willie Swisher, president and CEO of Stephenson’s Rental Services, will retire from the Canadian rental company at the end of this year to return to his home town of Houston, Swisher told RER. Swisher said the company, with the support of private equity partners Edgestone, plans to expand across Canada over the coming years, and that after eight years in Canada, he and his wife are ready to return to their Texas home....
Oshkosh Corp. Posts 36-Percent Fiscal Third-Quarter Sales Decrease
Oshkosh Corp. posted fiscal third-quarter net sales of $1.2 billion and a loss from continuing operations of $22 million, compared with net sales of $1.9 billion and income from continuing operations of $102 million for the third quarter of fiscal 2008, ended June 30, 2009. The parent company of leading aerial work platform manufacturer JLG Industries said that while its defense and fire and emergency segments delivered strong results in the quarter, demand for aerial work platforms continued soft....
Sunbelt Rentals Launches Custom iPhone Application
Sunbelt Rentals last week launched an iPhone application, Mobile SalesPro, to more than 1,200 sales representatives, field personnel and executives. The application allows Sunbelt Rentals to fulfill customers’ equipment needs in the field with real-time connection to customer and inventory data....
RentalHawk.com Introduces New Equipment Rental Portal
RentalHawk.com recently launched a website to offer live, local rate comparisons for the equipment rental industry. The website uses a “Travelocity”-type system allowing rental customers to compare rates from competing rental companies in their area....
Rental Solutions Wins Triple Crown
Rental Solutions, a rental company founded this year in Eldersburg, Md., gained the distinction of supplying rental equipment to all three Triple Crown horse races, according to eldersburg.net, a local online news provider....
Volvo Rents Opens in Winfield, B.C.
Volvo Construction Equipment Rents last week announced the opening of a new rental center located in Winfield, British Columbia....
Essex Rental Corp. Announces Second-Quarter Conference Call
Essex Rental Corp. last week announced that it will issue second-quarter 2009 unaudited operating results for its operating subsidiary, Essex Crane Rental Corp., on Wednesday, Aug. 12, 2009 after the stock market closes. Ron Schad, president and CEO of Essex, and Marty Kroll, chief financial officer of Essex, will conduct a conference call to discuss the operating results at 9 a.m. Eastern time on Thursday, Aug. 13....
H&E Equipment Services Posts 36.1 Percent Q2 Revenue Drop
Revenues plunged 36.1 percent in the second quarter for H&E Equipment Services, dropping from $282.6 million in last year’s second quarter to $180.2 million in the recent quarter ended June 30. EBITDA decreased 46.5 percent to $34.6 million, a 19.2-percent margin, compared to $64.6 million, or a 22.9-percent margin in the year-ago quarter....
Forums, Trade Shows and Crawfish Etouffee
If you don't have anything special to do Sept. 10 and 11 this year, I highly recommend you check out the AED Executive Forum in Chicago. I've gone almost...
RSC Equipment Rental’s Q2 Rental Revenue Drops 33 Percent
RSC Equipment Rental posted a 33-percent decrease in rental revenues for the second quarter, with $271 million, down from $405 million for the second quarter of 2008. Total revenues were $327 million, down 27.3 percent from $449 million reported in the year-ago quarter....
United Rentals Second-Quarter Revenue Falls 26 Percent
United Rentals last week announced financial results for the second quarter of 2009. Total revenue was $615 million, a decrease of 26 percent from $831 million in the second quarter of 2008. Rental revenue in the quarter was down 28 percent to $454 million, compared with $628 million a year ago. Operating income was $5 million for the quarter, compared with $128 million for the same period last year....
Hertz Reports 23-Percent 2Q09 Revenue Loss
Park Ridge, N.J.-based Hertz Global Holdings last week reported second-quarter 2009 worldwide revenues of $1.8 billion, a decrease of 22.9 percent, or $520.8 million, year-over-year. Revenues from worldwide equipment rental for the second quarter were $277.0 million, down 37.5 percent over the prior year period. Worldwide car rental revenues for the quarter decreased 19.4 percent to $1.5 billion....
Terex Completes Acquisition of Fantuzzi and Noell Port Equipment Businesses
Terex Corp. last week completed the acquisition of the port equipment businesses of Fantuzzi Industries S.a.r.l and Noell Crane for net consideration of approximately €155 million (about U.S. $220.5 million). Financial arrangements were made with existing financial creditors of Fantuzzi to provide Terex with long-term financing on favorable terms for substantially all of the acquisition price....
H&E Equipment Announces Second-Quarter 2009 Earnings Call
Baton Rouge, La.-based H&E Equipment Services will release its 2009 second-quarter financial results before the market on Wednesday, Aug. 5. The company will also hold a conference call to discuss second-quarter results that morning at 10 a.m. Eastern time. To listen to the call, participants should dial 913-981-4902 approximately 10 minutes prior to the start of the call. A replay will become available after 1 p.m. Eastern time and will continue through Aug. 13, by dialing 719-457-0820 and entering the confirmation code 5843498....
ARA Announces the Rental Show’s Returns to New Orleans in 2012
Moline, Ill.-based American Rental Association last week announced that The Rental Show will return to New Orleans in 2012. The 2012 show is scheduled for Sunday, Feb. 5, through Wednesday, Feb. 8, at the Ernest Morial Convention Center. This new location replaces previously scheduled dates in Atlanta....
Milton Caterpillar Enters Rental Alliance with Taylor Rental Center
Milton Caterpillar, a Caterpillar dealer that covers much of New England, has entered into a rental alliance with Taylor Rental Center, Plymouth Mass. Under the alliance agreement, Milton Cat sold 10 compact earthmoving machines and a 65-foot Genie boomlift at a discounted price, providing Taylor with an opportunity to rent Caterpillar equipment and enable Milton to expand territory and market share without the overhead expense required to open a new branch....
Caterpillar Raises Full-Year Guidance Despite 66-Percent Drop in Q2 Profits
Caterpillar reported a 66-percent drop in second-quarter profit last week, while raising its full-year guidance as aggressive cost-cutting measures showed signs of effectiveness and, the company said, stimulus programs were starting to support global demand. Redundancy costs relating to reducing employment were $85 million before tax or $0.12 per share in the quarter. Sales and revenues of $7.98 billion were down 41 percent compared with $13.62 billion in the same quarter last year....
Canada’s SMS Rents Opens Gormley, Ontario, Branch
SMS Rents, one of Canada’s fastest-growing equipment rental companies recently opened a branch in Gormley, Ontario. The new facility gives SMS a base for serving customers throughout the northern part of the GTA (Greater Toronto Area)....
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