All Rental Articles

The Kenya Electricity Generating Company (KenGen) has contracted Aggreko to provide an additional 140 MW of temporary power. Aggreko, which is already supplying 150 MW of power to the utility company, said the minimum 12 month contract was valued at over US$30 million.

Continued weakness in the US construction market led Ahern Rentals to report a 26% fall in revenues to US$61.7 million for the three months to 30 June. Ahern made an operating loss of $87.9 million for the quarter.

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UK equipment rental company Hire Station is using the growth of its online rental business with erento to help it establish its ‘white label’ rental activities through the websites of major UK retail and online brands.

Finning International has announced a strategic review of Hewden, its UK rental business, following further deterioration of its results in the second quarter of 2009 and little prospect of improved business conditions “well into 2010”.

Terex has agreed to pay a US$ 8 million fine to the US Securities and Exchange Commission (SEC) relating to several cases of accounting fraud between 2000 and 2004.

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Rental company A-Plant has launched a new insurance package which enables the company's customers to insure hired A-Plant equipment against loss or damage for up to £100000 for any one incident.

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.

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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.