Rental

ARA Forecasts Continued, Steady Growth

The new five-year forecast from the American Rental Association (ARA) calls for equipment and event rental revenues in North America to surpass $61.3 billion in 2019, including $55.8 billion in the United States and $5.3 billion in Canada—up 5.0 percent compared to 2018.

Rock, Weather, Tight Deadlines are No Match for Horizon Pipeline

Pipeline construction projects across America have flurried in recent years, with miles of natural gas line being added almost daily. The bulk of new lines is being constructed in the prolific Permian Basin, with midstream energy companies, like Targa Resources Corporation, expanding to support growing demand for natural gas and liquified natural gas (LNG) exports.

ARA Rental Revenue Forecast Gains Strength

The American Rental Association (ARA), for the second quarter in a row, is projecting larger increases in revenue almost across the board for the equipment and event rental industry than it did in the previous (May), five-year forecast. The July 2018 forecast from ARA Rentalytics calls for total U...

ARA Partners with FutureTech Success

The American Rental Association (ARA) is collaborating with TechForce Foundation, as an associate partner in its FutureTech Success campaign, an industry-wide initiative to raise the profile of and provide resources for trade and technical careers. “The demand for skilled technicians to keep the eq..

Equipment Rental Industry Forecast Remains Steady

The latest (July) quarterly update to the five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains. With only minor variations from the previous quarter, the new U.S. forecast projects growth to be $49.3 billion i..

United Rentals to Acquire Neff Corporation for $1.3 Billion

United Rentals, Inc. and Neff Corporation, operating as Neff Rental, have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3 billion. The transaction is expected to be immediately accre..

Equipment Rental Industry Forecast Remains Steady

According to the latest quarterly update of the ARA Rental Market Monitor™, a five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA), U.S. equipment rental revenue is expected to reach $49.3 billion in 2017, an increase of 4.3 percent from 2016. ..

Rental Industry 5-Year Forecast Sees $59.4 Billion In Revenue

The new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains, and expectations for growth are greater than in the February forecast. ARA now projects U.S. equipment rental revenue to reach $49.4 billion in 201..

North American Power Rental Market Expected to Reach Almost $2 Billion by 2023

A new report by Verify Markets shows the North American Power Rental Market was valued at $1,365.4 million in 2016 and is expected to exceed $1,981.8 million by 2023. This expected increase is based on a variety of factors, including: Economic growth Increased infrastructure spending North Ame..

Hertz Equipment Rental Spin-off Creates Herc Rentals

In a spin-off from the Hertz Global Holdings Inc. car rental business, Hertz Equipment Rental Corp. has become Herc Rentals, a stand-alone and publicly traded company listed on the New York Stock Exchange under the symbol “HRI.” Herc Rentals is a premier, full-line equipment-rental supplier with 28..

Christine Wehrman Receives Lifetime Achievement Award

Christine Wehrman, CEO and executive vice president of the American Rental Association (ARA), was presented with the European Rental Association (ERA) Lifetime Achievement Award. Wehrman, who previously announced her planned retirement from ARA, was honored by the recognition. “It has truly been a..

Doosan Portable Power Introduces Tier 4 Final-Compliant Air Compressor

Doosan Portable Power introduces the XP825/HP750, Tier 4 Final-compliant air compressor. The model operates at either 825 cfm at 125 psi, or 750 cfm at 150 psi, delivering the pressure and flow options normally brought by two units in a single air compressor. The variety of settings on Doosan’s new ..

ARA Projects Revenue Growth for Equipment Rental Industry

The American Rental Association (ARA), which offers quarterly updates to its 5-year forecast for rental equipment industry revenue to reflect the most up-to-date economic factors, released its second quarter outlook, May 2. The total U.S. rental revenue in 2016 is expected to reach a record $47.9 b..

Ritchie Bros. Auction Draws More Than $172 Million

Ritchie Bros. – the largest global seller of used equipment for construction, transportation, agriculture, material handling, energy, mining, forestry, marine and various other applications – sold a record-setting amount of more than 10,700 items totaling more than $172 million in five days at the c..

Ditch Witch® Named 2015 True Value Lawn and Garden Vendor of the Year

PERRY, Okla., March 7, 2016 –Ditch Witch®, a Charles Machine Works Company, was recognized by the True Value Company as their 2015 Lawn and Garden Vendor of the Year at the American Rental Association’s The Rental Show in Atlanta. Awarded annually, the Lawn and Garden Vendor of the Year demonstrates..

Rental Market Update

Miami-Dade Police Recover Sunbelt Rentals Generator Sunbelt Rentals in Miami was able to regain possession of their 2013 Doosan generator, which was recovered while in the process of shipment to Haiti. The generator was uncovered by LoJack, a theft recovery and prevention company. A representative..

RENTAL MARKET NEWS

Atlas Copco names new VP of sales for its rental channel Atlas Copco appointed Matt Cadnum as vice president of sales for its rental channel where he will grow its breadth of products and services for rental centers across the U.S. Cadnum. Formerly Atlas Copco Construction Equipment’s aftermarket v..