All Rental Articles

Ramirent remained profitable in its second quarter of the year, posting after tax profits of €8.5 million – down over 60% on the same period last year – on revenues that were 31% down at €124.6 million.

UK-based industrial rentals specialist Northbridge Industrial Services has bought 28 large Sullair compressors from Energyst. Northbridge has also formed an alliance with Sullair as part of its plan to expand the rental and service of compressors in Europe and the Middle East.

Catherine Stratton, author of the respected Plant Hire Investment Report, said the UK plant hire sector was facing one year or more of further decline in demand and that a rising level of business failures was the likely result.

Sunbelt Rentals in the US has developed a rental sales application for Apple's iPhone and has equipped 1200 of its sales staff and field personnel with the tool.

UK tool and equipment hire company Speedy has invested £600000 in low level access products.

KHL's new Information Store is the one-stop shop for data and analysis of the global construction sector.

UK rental company Hewden will hold a used equipment auction in September that it claimed is Europe’s largest ‘direct from user’ sale.

Two US rental veterans have launched a price comparison website for equipment rental. RentalHawk.com, based in Los Angeles, California, has been created by Robert Gray, a former United Rentals sales representative, and Mark Richter, a more experienced rental figure with a track record including Briggs Equipment, Diamondback Rentals and United Rentals.

Rental revenues at H&E Equipment Services in the US fell by 33.4% to US$50.1 million for the second quarter of the year. Total revenues, including H&E’s large new equipment sales business, fell by 36.2% to $180.2 million compared to the same quarter in 2008. Net profits fell to $0.3 million from $16.1 million.

Cramo painted a bleak picture in its latest financial results warning that hundreds of further job cuts will be made as market conditions continue to weaken towards the end of the year.

Lavendon Group has acquired most of the assets of EPL Access Ltd, the well known UK vehicle mounted rental company that had entered administration a month ago.

Bobcat is introducing a range of ‘Tiltrotators’ for use with its excavators. The first available is the TR05 model for use on the 5 t Bobcat 435 excavator.

Carl Kaeser, chief executive officer of Kaeser Kompressoren GmbH, passed away on 8 July 2009, shortly after his 95th birthday.

Revenues at Hertz Equipment Rental Corp (HERC) fell 37.5% to US$277.0 million for the three months to 30 June (a 34.6% decrease in constant currency). The company said the equipment rental business was “hovering near the bottom” of the recession.

Public works projects are holding strong for 2009, but bridge and road construction could be the biggest construction contributor in 2010

United Rentals saw total revenues fall by 26% to US$615 million and rental revenues by 28% to $454 million for the three months to 30 June. Operating profit was $5 million for the quarter, compared with $128 million for the same period last year.

JLG Industries’ revenues for the third quarter of the year ending 30 June fell by 77% to US$211.2 million and the company made an operating loss of $71.2 million. The same quarter in 2008 saw revenues of $920 million and profits of $125 million.

RSC Equipment Rental's president and chief executive officer Erik Olsson said the recession will last into 2010, but that RSC might start seeing the bottom of the softening in demand.

Volvo Rents has put together a comedy tour to support the construction industry and local food banks

H&E Equipment, located in Grand Prairie, TX, recently supplied equipment with Acme Lift for a Dallas Cowboys stadium project.