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News Stories (81 Results) - Rental

XTRA Lease, a leading provider of over-the-road trailer rentals and leases, announced it is investing more than $300 million to purchase more than 10,000 new trailers in 2019. It’s the largest capital investment made by XTRA Lease for trailers in a... Read Story
April 08, 2019, 07:05 AM


Cooper Equipment Rentals Limited, an independent equipment rental company in Canada, announced it has acquired Prime Rentals Ltd.  Prime Rentals has two locations in Lethbridge and nearby Taber, Alberta. Prime Rentals was established in 1979, and... Read Story
March 05, 2019, 07:00 AM


Maxim Crane Works, L.P. and B&G Crane Service, LLC jointly announced the companies have entered into an agreement pursuant to which Maxim will acquire B&G Crane, an indirect wholly-owned subsidiary of NCSG. B&G Crane is one of the largest providers... Read Story
March 04, 2019, 07:10 AM


Encina Equipment Finance announced that it has provided a $6 million secured loan to an equipment rental company. The facility is being used to fund the purchase of new and used equipment.Launched in June 2017, Encina Equipment Finance provides loans... Read Story
February 26, 2019, 07:15 AM


The latest five-year forecast from the American Rental Association (ARA) calls for equipment and event rental revenues in North America to surpass $61.5 billion in 2019, including $55.8 billion in the United States and $5.7 billion in Canada, up 5.3... Read Story
February 21, 2019, 07:10 AM


Electro Rent announced the appointment of Tom Reslewic as Global CEO. Reslewic is a seasoned executive from the test and measurement industry and joins from Teledyne, where he was Group President for Defense Electronics and Electronic Measurement... Read Story
September 21, 2018, 07:14 AM


BigRentz announced it has promoted Keith Holmes to Vice President of Operations reporting to Scott Cannon, Chief Executive Officer.Holmes was formerly the Director of Strategic Partnerships, where he spearheaded adding thousands of rental partners to... Read Story
September 04, 2018, 07:15 AM


Cross Country Infrastructure Services, Inc., an equipment and supplies provider to the construction industry, announced it has acquired Rain2Day, Inc. With the addition of Rain2Day, Cross Country has grown their reach in the Western United States... Read Story
September 04, 2018, 07:00 AM


Bestpass, a company that provides single-source payment and streamlined toll management services to commercial fleets, announced a new trailer pay-by-plate solution to help trailer rental and leasing companies avoid costly and time-consuming... Read Story
August 24, 2018, 06:55 AM


Sandhills Publishing and InTempo Software have reached an agreement to integrate a number of Sandhills Publishing products into InTempo's ERP rental software solution. The initial integration includes equipment feeds that streamline data management... Read Story
August 08, 2018, 07:10 AM


Electro Rent Corporation announced it has acquired Intellirent. Financial terms were not disclosed.Electro Rent Global CEO Nigel Brown said the combination will create a premier platform with a broad inventory, coverage throughout the United States... Read Story
August 03, 2018, 07:00 AM


Rent-A-Center, Inc., a leader in the rent-to-own industry, announced that it has entered into a definitive agreement with Vintage Rodeo Parent, LLC, an affiliate of Vintage Capital Management, LLC, pursuant to which Vintage will acquire all of the... Read Story
June 25, 2018, 06:55 AM


In its latest five-year forecast, the American Rental Association (ARA) projects U.S. equipment and event rental industry revenue to grow consistently on an annual basis, resulting in total revenue of $64.1 billion in 2022. While the quarterly... Read Story
May 22, 2018, 07:05 AM


In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to continue to grow consistently in the United States over the next five years, resulting in total revenue of $59.6 billion in 2021.... Read Story
February 21, 2018, 07:05 AM


H&E Equipment Services announced its entry into a definitive agreement to acquire Contractors Equipment Center (CEC), a non-residential construction focused equipment rental company located in the greater Denver, Colorado, area. Under the terms of... Read Story
November 27, 2017, 07:34 AM


BigRentz announced the appointment of Eric Esquivel as director of operations. Esquivel comes to BigRentz with more than 25 years of experience managing customer service organizations, most recently serving as senior manager of HQ Customer Service... Read Story
October 13, 2017, 07:09 AM


The latest 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 through 2021. Overall, ARA’s five-year projection in late July is... Read Story
August 03, 2017, 07:13 AM


CRS Contractors Rental Supply Limited Partnership (“CRS”) has entered into a unit purchase agreement to sell CRS to Sunbelt Rentals (“Sunbelt”), the North American business of Ashtead Group plc, for C$275 million plus a potential earn-out.  CRS is... Read Story
July 20, 2017, 07:02 AM


Modern Equipment & Supply announced the establishment of a rental fleet of Hyundai Wheel Loaders and Excavators to serve its customers throughout Eastern Pennsylvania and New Jersey. As a full line Hyundai dealer Modern will be able to provide... Read Story
June 09, 2017, 07:02 AM


Maxim Crane Works, L.P. and Essex Rental Corp. jointly announced the successful completion of the acquisition by Maxim of Coast Crane Company (“Coast”), an indirect subsidiary of Essex. Founded in 1970 and based in Seattle, Washington, Coast is one... Read Story
June 09, 2017, 07:00 AM


The company provides crew services and leases equipment to the oil and gas industry.  The funds were used to pay off existing debt and provide working capital for future growth."Texan Rentals was looking for a flexible working capital provider that... Read Story
June 08, 2017, 07:00 AM


Balboa Capital announced it has been selected by KWIPPED, a comprehensive B2B equipment rental marketplace, to support KWIPPED’s nationwide network of equipment rental suppliers with custom-tailored financing solutions for their customers. According... Read Story
June 07, 2017, 07:10 AM


Cooper Equipment Rentals Limited ("Cooper"), a leading Canadian equipment rental company, announced that it closed an expanded CAD$150,000,000 asset-based senior secured credit facility (the "Facility"). Wells Fargo Capital Finance Corporation Canada... Read Story
May 24, 2017, 07:00 AM


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.... Read Story
May 10, 2017, 07:18 AM


Noble Iron announced that its wholly-owned subsidiary, Noble Rents, Inc. ("NRI"), has entered into an asset purchase agreement (the "Agreement") to sell the assets of its Los Angeles, California based equipment rental operations (the "Business") to... Read Story
May 03, 2017, 07:00 AM


KWIPPED, the online b2b equipment rental marketplace, announced the company will be launching an equipment leasing program. KWIPPED's proprietary platform technology facilitates equipment rentals between businesses, organizations and professionals... Read Story
April 24, 2017, 07:05 AM


The American Rental Association’s (ARA) five-year forecast for equipment rental industry revenues was released by the ARA in January 2017. The forecast shows a moderate strengthening compared to the November forecast. ARA now projects U.S. equipment... Read Story
March 07, 2017, 07:04 AM


A new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) shows a moderate strengthening compared to the November forecast. ARA now projects U.S. equipment rental revenue will reach $48.9... Read Story
February 02, 2017, 07:46 AM


In response to increase demand for rental and leasing services, PacLease has added ten new locations.  The leasing and rental company, which offers the full line of Kenworth and Peterbilt trucks, now has 454 locations in the United States and Canada.... Read Story
December 29, 2016, 07:20 AM


The latest five-year forecast for the equipment rental industry released by the American Rental Association (ARA) remains positive, even as several economic factors point toward more modest increases over the next five years. ARA now projects... Read Story
November 08, 2016, 07:15 AM


Tiger Rental Group, LLC (together with its affiliated companies, “Tiger Rentals” or the “Company”) has closed on $135 million in financing, consisting of a $110 million senior first lien term loan with Orion Energy Partners, L.P. (together with its... Read Story
October 03, 2016, 07:11 AM


BigRentz, the world's largest equipment rental network, introduced QuickRentz™, a new equipment rental claiming service that provides equipment suppliers the opportunity to immediately claim rentals booked through BigRentz. QuickRentz delivers rental... Read Story
September 14, 2016, 07:22 AM


BigRentz, the world's largest equipment rental network, announced the launch of its online customer portal that will make it easier for BigRentz customers to view and manage all of their equipment rentals from any device, anytime. The... Read Story
September 02, 2016, 07:15 AM


The May 2016 Rouse Value Index for used equipment prices decreased to 42.7, down 1.2% from April values. The decrease is the thirteenth consecutive month of declines. The May value is down 8.9% from the mid-2015 peak of 46.9, and is below the April... Read Story
July 05, 2016, 07:08 AM


Research and Markets announced the addition of the "Construction Equipment Rental Market Analysis By Product (Earthmoving, Material handling, Concrete & Road Construction) And Segment Forecasts To 2022" report to their offering. The construction... Read Story
March 31, 2016, 07:30 AM


The January Rouse Value Index™ for used equipment prices decreased to 43.9, down 0.7% from December values. The decrease is now the ninth consecutive month of declines primarily driven by weaker recoveries observed in auction transactions. While... Read Story
March 03, 2016, 07:19 AM


The global construction equipment rental market report analyst said rapid growth of the construction industry is a significant factor that spurs the prospects for growth in this market during the forecast period 2015 - 2019. The recent increase in... Read Story
January 08, 2016, 07:05 AM


The November Rouse Value Index for used equipment prices decreased to 44.5, down 1.2% from October values. This follows six consecutive months of  declines primarily driven by weaker recoveries observed in auction transactions. While there has been... Read Story
January 04, 2016, 07:15 AM


Hertz Global Holdings filed its initial SEC Form 10 registration statement detailing the planned separation of its equipment rental business as a stand-alone, publicly traded company.  No record date has been set, though the company has said it... Read Story
December 23, 2015, 07:16 AM


The American Rental Association (ARA) latest forecast calls for equipment rental industry revenue growth in the United States of 6.7 percent in 2016 and 2017, 6.2 percent in 2018 and 5.8 percent in 2019 to reach $48.7 billion. The growth pace is... Read Story
November 17, 2015, 07:10 AM


Pine Brook, an investment firm focused on building businesses in the energy and financial services sectors, announced a $100 million line of equity investment in Cahill Services, LLC ("Cahill" or "the Company").  Headquartered in Houston, Texas... Read Story
July 31, 2015, 07:15 AM


AmQuip Holdings LLC (the “Company”) and Clearlake Capital Group, L.P. (“Clearlake”) announced that Clearlake has completed its acquisition of AmQuip from a consortium of investors including Altpoint Capital Partners LLC. AmQuip is a leading provider... Read Story
October 13, 2014, 06:22 AM


Activity in the construction industry continues its multi-year improvement trend with a notable change in 2014 compared to 2013, according to the latest Construction Executive Survey from Wells Fargo Equipment Finance. A much larger percentage... Read Story
October 02, 2014, 06:55 AM


The July Rouse Value Index™ for used equipment prices decreased to 45.7, down 0.2% from June values. This is 5.5% higher than the prior peak period of 43.3 in April 2007, and 53.9% higher than prior trough period of 29.7 in June 2009. The Rouse Value... Read Story
September 02, 2014, 06:25 AM


The April Rouse Value Index™ for used equipment prices increased to 45.5, up 0.8% from March values. This is 5.1% higher than the prior peak period of 43.3 in April 2007, and 53.2% higher than prior trough period of 29.7 in June 2009. The Rouse Value... Read Story
June 02, 2014, 06:50 AM


Construction equipment dealers are optimistic that rental activity will remain strong, according to a survey recently conducted by GE Capital, Equipment Finance. In fact, they estimate that the rental segment of the industry will grow about 12... Read Story
May 23, 2014, 07:00 AM


A slowdown in inventory accumulation and adverse weather limited first-quarter real gross domestic product (GDP) growth in the United States this year, but total equipment rental revenue growth in North America continued to more than triple the... Read Story
May 05, 2014, 06:59 AM


The January Rouse Value Index™ for used equipment prices did not change from December values. This remains 1.1% higher than the prior peak of 43.6 in April 2007, and 48.5% higher than prior trough of 29.7 in June 2009. The Rouse Value Index™ measures... Read Story
March 04, 2014, 06:33 AM


Industry executives expect higher levels of non-residential construction, equipment purchases and rentals in 2014 Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2014... Read Story
February 26, 2014, 07:05 AM


GE Capital, Equipment Finance announced that it is expanding its financing program for dealers to purchase construction equipment for use in their rental fleets. About half of U.S. dealers offer rentals in addition to sales — a figure that’s expected... Read Story
January 28, 2014, 07:00 AM


Marquette Business Credit, Inc. recently provided an Equipment Rental Company with a $10,000,000 Working Capital and Rental Equipment Line of Credit. This family owned business provides a complete line of rental equipment including air compressors... Read Story
December 17, 2013, 06:19 AM


American Rental Association (ARA) equipment rental store owners and managers as well as product suppliers to the industry continue to show optimism for growth as 2013 draws to a close.In the October ARA Economic Survey, 79 percent of those responding... Read Story
November 11, 2013, 06:39 AM


Rental Management Magazine reported the U.S. equipment rental market will outpace gross domestic product (GDP) in the U.S. by four times in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor.... Read Story
August 05, 2013, 07:00 AM


Rental Pulse reported the equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association's (ARA) latest forecast from the ARA Rental Market Monitor updated in May.... Read Story
May 20, 2013, 07:08 AM


February OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from January values. For the six months ending February 28th, 2013, average index values increased 0.4%. Eight out of... Read Story
April 01, 2013, 07:05 AM


Essex Crane Rental Corp., one of North America's largest providers of rental and distribution for mobile cranes, self-erecting cranes, stationary tower cranes, elevators and hoists, and other lifting equipment provided an outlook for the crane rental... Read Story
March 25, 2013, 06:31 AM


The Hertz Corporation and Donlen, the fleet industry’s most comprehensive and integrated provider of financing and asset management solutions, today announced the launch of HERC Ready Finance™, a groundbreaking equipment acquisition program, in... Read Story
March 01, 2013, 07:24 AM


NESCO, LLC (“NESCO”) announced that it has acquired Utility Equipment Leasing Corporation (“UELC”) from Utility Equipment Holding Company (“UEHC”), pursuant to a stock purchase agreement.NESCO, acquired by Platinum Equity in October 2011, is a... Read Story
December 24, 2012, 07:30 AM


The revenue outlook for truck leasing firms is undergoing a shift as truck operators begin to re-assess the economics of long-term leasing opportunities, according to Fitch Ratings. Demand for short-term commercial truck rentals has been relatively... Read Story
December 11, 2012, 07:24 AM


October OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from September values. For the six months ending October 31st, 2012, average index values decreased 1.4%. Six out of... Read Story
December 03, 2012, 06:21 AM


ENR.com reported that despite the fact that analysts are expecting U.S. construction to rise next year, many believe contractors will continue to turn to rental and leasing companies rather than buy large quantities of new equipment for their... Read Story
November 26, 2012, 07:57 AM


United Rentals announced that the company will host its first-ever nationwide Used Equipment Sale on Thursday, December 6, 2012. The sale will be staged at more than 120 participating branches in the United States, giving buyers the opportunity to... Read Story
November 19, 2012, 07:30 AM


The Las Vegas Review-Journal reported Ahern Rentals Inc. will retain sole control of its Chapter 11 bankruptcy case for another month amid continuing friction with lenders, although a judge indicated on Wednesday that would be the end.According to... Read Story
November 01, 2012, 07:13 AM


According to the September 2012 Rouse Rental Report, August OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.3% from July values. For the six months ending August 31st, 2012, average... Read Story
October 02, 2012, 07:13 AM


The forecast for the equipment rental industry remains bright according to the latest data released by the American Rental Association (ARA), despite a slowdown in overall economic growth in the second quarter of 2012. ARA anticipates North American... Read Story
August 14, 2012, 06:17 AM


According to the June 2012 Rouse Rental Report, for the month ending May 31, 2012, the Rouse Value Index of Orderly Liquidation Values (OLV) for used equipment across the fourteen major rental equipment categories did not change compared to April... Read Story
July 02, 2012, 07:00 AM


Reuters reported Ryder Systems Inc. cut its quarterly earnings forecast, citing lower demand for its commercial rental services.  The report also states the company also plans to cut costs and reduce its commercial rental fleet as it expects the... Read Story
June 25, 2012, 07:15 AM


According to the May 2012 Rouse Rental Report, April Orderly Liquidation Values (OLV’s) for used equipment across the fourteen major rental equipment categories increased 1.7% over the March values.  Additionally, the report states for the six months... Read Story
May 29, 2012, 07:30 AM


J.D. Jenks, President & CEO stated, “We are delighted to partner with Plenary Technology in this unique Rental Program that will provide equipment finance solutions for growing businesses.”David Mitchell, President of Plenary Technology commented, “I... Read Story
May 21, 2012, 07:30 AM


According to the April 2012 Rouse Rental Report, March OLV index values for used equipment across the fourteen major rental category indices increased 1.1% over February values.  The report indicates nine out of fourteen category indices recorded one... Read Story
May 02, 2012, 07:00 AM


Caterpillar Inc. reported first-quarter 2012 sales and revenues of $15.981 billion, up 23% from $12.949 billion in the first quarter of 2011. Profit was a record $1.586 billion in the quarter, an increase of 29% from $1.225 billion in the first... Read Story
April 25, 2012, 07:30 AM


United Rentals, Inc. announced financial results for the first quarter 2012. Total revenue was $656 million and rental revenue was $523 million, compared with $523 million and $434 million, respectively, for the same period last year. On a GAAP basis... Read Story
April 23, 2012, 06:00 AM


The March 2012 issue of the Rouse Rental Report reveals that February OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 1.6% from January values. For the six months ending February 29... Read Story
April 02, 2012, 08:00 AM


Low freight activity and a down housing market decreased demand for truck rentals and leases during the recession, but the industry is set to pick up over the next five years according to IBISWorld’s report on the Truck Rental Industry. As the... Read Story
March 19, 2012, 07:30 AM


Neff Rental, one of the largest construction equipment rental companies in the US, announces the availability of “Trends in Owning vs. Renting Construction Equipment”, a white paper written by Andy Agoos. The informative white paper outlines an easy... Read Story
March 15, 2012, 06:30 AM


Essex Rental Corp. announced its unaudited consolidated results for the fourth quarter and year ended December 31, 2011. Essex, through its subsidiaries, Essex Crane Rental Corp. and Coast Crane Company, is one of North America's largest providers of... Read Story
March 13, 2012, 06:45 AM


International Rental News reported a significant number of contractors and other end users around the world plan to increase their use of rental services in the coming five years according to International Rental News' first ever‘Attitudes to Rental'... Read Story
March 12, 2012, 07:45 AM


Hertz Global Holdings, Inc. announced that Hertz Equipment Rental Corporation (HERC) has acquired Arpielle Equipment Co., Inc. a leading metropolitan New York City-based rental company, focused primarily on rentals to the construction and industrial... Read Story
March 12, 2012, 07:00 AM


The February edition of the Rouse Rental Report indicates improved metrics in three important areas: OLV Values, auction sale results, and rental rates across fourteen major rental categories tracked by Rouse. January OLV Values Increase 0.6%January... Read Story
March 01, 2012, 07:30 AM


A report posted on the American Rental Association website, indicates the equipment rental industry outperformed the industries it serves in 2011 and the momentum is expected to carry into 2012 and beyond, according to the latest data released by the... Read Story
February 08, 2012, 07:30 AM


Economic activity in the non-manufacturing sector grew in January for the 25th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. According to the NMI, the 12 non-manufacturing... Read Story
February 06, 2012, 07:30 AM