All Rental Articles

The European Rental Association (ERA) has assembled a remarkable line-up for the ‘Manufacturers’ Round-Table’ discussion on the opening afternoon of its Amsterdam annual convention with the CEOs of United Rentals, JCB, Loxam, Manitou and Boels Verhuur all taking part.

Hertz Equipment Rental Corporation (HERC) has opened its first rental depot in the Middle East. The location is in Damman, Saudi Arabia, and it is a joint venture with local company Dayim Holdings Co.

JLG Industries sales grew by 72.7% to US$471.2 million for the three months to 31 March – JLG’s second quarter – and the business returned to profitability. The company’s backlog at the end of the quarter almost tripled to $596 million compared to a year ago. Operating profits were $17.7 million for the quarter.

Komatsu Ltd in Japan is to buy-out its majority-owned Japanese rental subsidiary, Komatsu Rental, take on its debts and create a new, debt-free rental business.

Lois Boyd replaces retiring Gerald Plescia as president of Hertz Equipment Rental

Ramirent has signed an agreement with the Finnish House Owners' Association (Suomen Omakotiliitto) that will see Ramirent provide discounted rental services to the association’s 73000 homeowner members. The agreement covers the period 2011-2012.

Portable accommodation giant Algeco Scotsman has acquired Speedy's loss-making UK accommodation rental business for £34.9 million, including 14 leased depots.

Terex AWP's (Aerial Work Platforms) net sales for the first quarter of 2011 increased $161.1 million, (74.7%), to $376.8 million compared to the first quarter of 2010 and backlog has risen a massive 123%.

Boels Verhuur has acquired the HuurMax rental division of Netherlands builders merchant and DIY store owner RAB Beheer.

Refinancing charges of US$49 million in the first quarter of 2011 saw RSC Equipment Rental post a net loss of $50 million for the period, compared to a loss of $38 million in the same quarter in 2010.

New Construction Technique division to include tools and road building equipment alongside portable compressors and generators. Mining and rock excavation will be a separate business.

Lavendon’s revenues have grown by 11% in the period from 1 January this year to 20 April, with France and Belgium both seeing more than 20% growth, followed by Germany with a 17% increase.

Europe’s rental market continues to be ‘twin-track’ in terms of business confidence according to the IRN/ERA RentalTracker survey for the first quarter of 2011, with the Nordic countries, France and Germany remaining confident but the UK/Ireland, Benelux, Italy and Spain far less so.

United Rentals halved its net losses to US$20 million in the first quarter of 2011 and reported a 9.4% increase in revenues to US$523 million for the period. Rental revenues rose by 14.2% to $434 million.

The aerial platform industry needs to take a more professional approach to the selection, design and use of outrigger pads, said Chris Wraith, QSHE manager (Quality, Health, Safety and Environment) at Lavendon Access Services, speaking at the IPAF Summit Conference in Amsterdam on 14 April.

Gérard Déprez, chief executive officer of Loxam – Europe’s largest equipment rental company – urged aerial platform manufacturers not to overlook the requirements of the European rental sector as they chase emerging markets in Asia and Latin America.

Volvo is moving its North American Volvo Rents business from the Volvo Construction Equipment division to become a subsidiary of AB Volvo.

Denmark’s BMS A/S has sold its aerial platform rental division to Riwal Denmark and will now focus on its crane rental business.

Paul Adorian and Pierre Saubot were joint winners of the lifetime achievement award at the 2011 International Awards for Powered Access (IAPA) awards ceremony held in Amsterdam on 14 April before an audience of more than 450 people.