All Rental Articles

Oshkosh Corp reported an almost 40% fall in sales for JLG Industries in the three months to 31 December 2008 and an operating loss for the division of $47.0 million (€35 million), compared to a $61.1 million (€45.8 million) profit in the same period in 2007. Oshkosh said the figures reflected “substantially lower demand in North America and Europe as customers remained cautious with purchases.”

Manitou said it will intensify its ‘rightsizing’ measures to reduce production capacity and cut costs in the face of the economic downturn which it forecast will result in a “significant” fall in sales for the first quarter of 2009.

Airpac Bukom Oilfield Services, the oil and gas rental division of UK rental group Vp plc, has placed a multi-million euro order with Doosan Infracore Portable Power for a new fleet of Ingersoll Rand Rigsafe portable compressors.

Cramo’s Swedish business has acquired a small rental company in the eastern Stockholm area. The acquisition will add around €0.7 million sales in its first year.

About 100 workers will be laid off from JLG, totaling 1500 lay offs since July 2008

Andrews Sykes is the latest UK rental company to sign up with the online rental website erento. The temperature control and pump rental specialist joins HSS Hire and Hire Station, which signed up with erento last year.

UK renter GAP Group has won a three-year contract valued at £8.2 million per year to supply equipment to Scottish and Southern Energy plc (SSE) and its sister company Scotia Gas Networks (SGN).

McGrath RentCorp in the US has completed the first phase implementation of the rentalresult software from the Result Group. McGrath's new enterprise resource planning (ERP) tool replaces several programs developed in-house.

United Rentals is to make a US$1.1 billion write-off in its fourth quarter of 2008, reflecting mainly a reduction in value of the goodwill associated with acquisitions the company made between 1997 and 2000. The largest acquisition during the period was that of US Rentals in 1998.

A further deterioration of the general UK construction market has led Speedy Hire to lower its expectations for its financial year to 31 March 2009. The company is now forecasting a 21-31% fall in its pre tax profits for its financial year to 31 March with revenues similar to the previous year.

Hertz Global Holdings owner of Hertz car rental and Hertz Equipment Rentals Co (HERC), said it will lay-off more than 4000 employees during the final quarter of 2008 and the first quarter of this year.

Result Group now offers a rent-to-buy option with its rentalresult Express ‘off-the-shelf' software product.

The American Rental Association has repeated its call for an economic stimulus package for the equipment rental industry.

Tsurumi (Europe) GmbH in Germany bought its dealer, French company CE2A, on 8 January. It was the first time the pump manufacturer has acquired one of its own dealerships in Europe.

Michael Kneeland, chief executive officer of United Rentals in the US, asked for a 20% reduction in his salary. The compensation committee of the company's board approved the cut and made it effective from 1 January.

Manitou's rough terrain masted forklift M series now have customizable options.

Magnus Rosén took up his new post as chief executive officer of Ramirent today (15 January) and said he was ready for the challenge of leading the company through a difficult economic period. Mr Rosén replaces Kari Kallio who announced in May 2008 that he would retire from the business.

Aggreko will supply 45 MW of power and 25 MW of heating for Barack Obama’s inauguration as US president in Washington DC, making it the “principal supplier” of power/temperature control equipment for the event.

Chicagoland rental house Metrolift has added Custom Hybrid Lifts to its fleet.

Takeuchi has launched worldwide its 3 t TB228 and 5 t TB250 mini excavators. The two new models, which Takeuchi said were designed for the rental market, join the 3.5 t TB235 launched in the first half of 2008.