All Business & Finance Articles

How do you match 2008 debt levels with 2010 cash flows? Jeff Eisenberg, IRN’s finance correspondent, finds some of the answers in the recent restructurings of rental companies Neff Rental and HUNE.

Italian construction company reports a half-year increase in net profit.

Before the recession the aim was profits growth. During recession the aim was to remain cash positive. Businesses now face the task of doing both simultaneously. Will Leftwich and Peter Thomas of WL Associates look at the dangers as rental businesses emerge from recession.

The Chinese rental sector is developing steadily, but don’t expect an overnight explosion in demand. Murray Pollok talks to rental companies and manufacturers in Shanghai.

Revenues at the world’s top 100 rental companies fell by 15% last year, and the reduction was closer to 20% for the largest companies. Murray Pollok reports in the IRN-100 survey for the year 2009.

Murray Pollok talks to access equipment manufacturers and rental companies about the prospects for the access rental sector in the coming 12 months.

When United Rentals announced Operation United as its strategy nearly two years ago, the emphasis was – and remains – squarely on differentiation through excellent customer service. In this exclusive interview with Lucy Peterson, CEO Michael Kneeland explains why the strategy also includes a focus on national and strategic accounts as the key to long-term growth.

Kazakhstan's roads to receive US$ 800 million boost as ADB extends loan facility designed to boost transit trade along key transport corridor.

Spain's Saltec has developed a special compact mast climbing work platforms for Japanese rental company Nihon Kasetsu.

Netherlands rental company Riwal will invest around €35 million in new aerial platforms this year and is concentrating on large and special machines.

Bidding war may ensue as Hyundai Group and Hyundai-Kia Automotive Group battle over a 35% stake in Korea's largest contractor.

Speedy Hire held its own ‘mini-exhibition’ at which hundreds of its employees viewed the latest equipment from as many as 60 of its core suppliers.

Neff Rental said its restructuring plan had been approved by the bankruptcy court for the Southern District of New York, paving the way for its emergence from Chapter 11 bankruptcy protection “in the next few weeks”.

August sees rises in month-on-month and annual job creation, but AGC warns they could be temporary improvements.

Second contract win on Australian LNG scheme

US$ 641 million contract could see the supply of 900+ scrapers to the US Marine Corps and US Army.

Terex announced today that it has been awarded an $18.9 million contract to build 200 Terex TX51-19MD, 2272 kg (5000 lb) capacity, LRTF (Light Rough Terrain Forklifts) for the USMC (United States Marine Corps) through its Terex Government Programs unit in Stafford, The Terex TX51-19MD LRTF is a well established model that has been in the USMC inventory for many years. The TX51-19MD, manufactured by Terex AWP (Aerial Work Platforms), is a militarised version of the original commercial model to meet the rigorous demands of the USMC, including: fording, beach operations and the full spectrum of military lifting missions.

Leighton Asia wins US$ 172 million contract to construct the Central Interchange of the Central to Wan Chai Bypass (CWB) in Hong Kong.

UK-based Keir Group’s preliminary results show revenues at similar levels to last year.

The ERA/IRN RentalTracker survey for the third quarter of 2010 is ready to complete and is available for the first time in five languages – English, French, Spanish, Italian and German.