United Rentals Realigns Leadership Structure
United Rentals last week announced a realignment of its field leadership structure designed to support its corporate strategy for corporate growth. ...
Hertz Names VP of Finance and Corporate Controller
Hertz Global Holdings last week named Jatindar Kapur senior vice president, finance and corporate controller. Kapur has held several senior level finance, controller and business planning positions during his 20-year career at Hertz and, most recently, he has served as staff vice president, business and strategic planning. Kapur will continue to report to Elyse Douglas, executive vice president and chief financial officer....
Pape Group Acquires Kenworth Truck Dealerships
The Pape Group last week announced the acquisition of the assets of Roberts Motor Co., a dealer of heavy and medium-duty Kenworth trucks. The acquired dealerships are located in Portland, Eugene and Medford, Ore., and Redmond, Wash....
IPAF to Host Safety Summit April 15
The International Powered Access Federation will host a free safety summit April 15. A panel of speakers will cover topics such as “Thorough Examination of Potential Dangers from Overhead Crushing” and the introduction of the new Corporate Manslaughter and Corporate Homicide Act 2007. ...
ARA Supports Bipartisan Approach to Small Business Health Care
The American Rental Association last week announced it fully supports the bipartisan efforts of Senators Dick Durbin (D-IL), Olympia Snowe (R-ME), Blanche Lincoln (D-AR) and Norm Coleman (R-MN) and their introduction of the Small Business Health Options Program (SHOP)....
HERC To Open Renovated Facility In New Jersey
Hertz Equipment Rental Corp. last week announced it will celebrate the grand re-opening of its Pennsauken, N.J., general rental facility on April 11. The event will take place at the store between 11 a.m. and 2 p.m. and will showcase the 7,120-square-foot facility’s renovated showroom and newly-expanded product line, which includes small tools, construction equipment and contractors’ supplies....
SLV Earthmovers Sells $4.22 Million of Equipment Through IronPlanet
Pleasanton, Calif.-based IronPlanet (www.ironplanet.com), a global online auction company for used construction and agricultural equipment, recently conducted a one-owner auction for SLV Earthmovers of Monte Vista, Colo. The auction liquidated $4.22 million of equipment, achieving 136 percent of its initial price target....
Aggreko To Drive The Shell Houston Open
Aggreko LLC, an international leading supplier of temporary power and temperature control solutions, last week announced it is again providing large-scale power generation and temperature control for the 60th Shell Houston Open Golf Tournament, hosted by the Houston Golf Association at the Redstone Golf Club Tournament Course. This year’s tournament took place March 31-April 6 and marks the 15th year of the Aggreko / Shell Houston Open relationship....
Construction Spending Drops in February, But Nonres Gains
Construction spending slipped 0.3 percent in February to a seasonally adjusted annual rate of $1.12 billion, the Census Bureau reported last week. The drop was the fifth straight monthly decline. Year-to-date spending in the first two months of 2008 was 2.6-percent lower than in January-February 2007. Residential construction sagged 0.9 percent for the month and 20 percent YTD....
Sunbelt Opens Two Illinois Branches
Fort Mill, S.C. Sunbelt Rentals is continuing to grow its Midwest presence with two new branches: Champaign and Aurora, Ill. Both facilities are conveniently...
Caterpillar Increases Stake in Joint Venture With Mitsubishi
Peoria, Ill. Caterpillar has increased its stake in Shin Caterpillar Mitsubishi, its joint venture with Mitsubishi Heavy Industries to 67 percent, according...
JLG Rebrands Service Offerings Under Ground Support Name
Mcconnellsburg, Pa. JLG Industries has re-branded its comprehensive offering of services under a single name, Ground Support, which will become the new...
Volvo Rents Taps Frank Lopez to Lead Hispanic Outreach
Asheville, N.C. Volvo Rents last month announced that Frank Lopez, former president and CEO of the U.S. Hispanic Chamber of Commerce Foundation (USHCC),...
Finning Names Waites New CEO
Vancouver, British Columbia Finning International last month named Michael Waites president and CEO of Finning International effective following Finning's...
Cat Rental Store Launches Pilot With Home Depot
Peoria, Ill. Caterpillar's rental division has begun a pilot program to run Cat Rental Stores in Home Depot stores, Caterpillar officials confirmed at...
United Rentals Names Mettel Vice President of Strategy and Planning
Greenwich, Conn. United Rentals named Kenneth Mettel vice president of strategy and planning, effective immediately. Mettel has served in senior management...
Equipro Opens South Louisiana Franchise
Germantown, Wis. Franchise service company Equipro, a wholly owned subsidiary of Wacker Corp., recently opened a franchise in Kenner, La., to service...
Strongco Purchases Volvo's Champion Road Machinery Sales
Mississauga, Ontario Volvo Construction Equipment last month announced the sale of Brampton, Ontario-based Champion Road Machinery Sales to Strongco Limited...
Ahern Rentals Jumps 24% in Rental Volume, 29% in Total Revenue
Ahern Rentals posted a 23.8-percent rental volume increase in 2007, with $293.4 million in rental revenue, compared with $236.9 million in 2006. Total revenue jumped even more dramatically, from $266.1 million in 2006 to $342.6 million in 2007, a 28.7-percent total volume leap. EBITDA increased 24.2 percent year over year, from $116.5 million in 2006 to $144.7 in 2007. ...
Strongco Purchases Volvo's Champion Road Machinery Sales
Volvo Construction Equipment last week announced the sale of Brampton, Ontario-based Champion Road Machinery Sales to Strongco Limited Partnership, Mississauga, Ontario. Champion was a division of Volvo Group Canada, and a company-owned member of the Volvo CE North America dealer network. Strongco, a Volvo CE dealer, operates 20 construction equipment sales and service branches in five Canadian provinces. The acquisition was effective March 20....
Venetor Group Expands to Sudbury
Venetor Group, a large independently owned crane and equipment rental business in Ontario, last week announced a new 13,000-square-foot facility location in Sudbury, Ontario....
Neff Rental Revenue Drops 3.3 Percent in ’07
Miami-based Neff Rentals dropped 3.3 percent in rental revenue in 2007, posting $266.4, compared with $275.4 in 2006. Total revenue declined 0.1 percent, from $330.2 million in 2006 to $329.9 million in 2007. With a 15.3-percent increase in total cost of revenues, gross profit for the year decreased $25.8 million, or 15.8 percent, to $137.9 million in 2007, compared with $263.7 million in 2006....
Caterpillar Increases Stake in Joint Venture With Mitsubishi
Caterpillar has increased its stake in Shin Caterpillar Mitsubishi, its joint venture with Mitsubishi Heavy Industries to 67 percent, according to a definitive agreement announced last week. Caterpillar will acquire the shares for about U.S. $500 million....
Equipro Opens South Louisiana Franchise
Franchise service company Equipro, a wholly owned subsidiary of Wacker Corp., recently opened a franchise in Kenner, La., to service the New Orleans and Baton Rouge, La., markets....
Ashtead Considers Sale of Oil and Technology Division
Ashtead plc, parent company of Sunbelt Rentals, has put its oil and technology business up for sale, according to U.K. Internet publication Times OnLine. The move followed a drop in Ashtead’s stock price to a three-and-a-half year low, with investors fearing its exposure to the U.S. construction market. About 80 percent of Ashtead’s profits come from its Sunbelt Rentals division....
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