AmeraMex International, Inc., a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced it has received a $2.1 million equipment rental agreement from a West Coast customer.The five-year...
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June 07, 2023, 07:00 AM
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EquipmentShare, one of the fastest-growing integrated equipment rental and equipment asset management companies in the United States, announced that it will increase its borrowing capacity from $2.1 billion to $3 billion through a senior secured...
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May 11, 2023, 07:18 AM
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Encina Equipment Finance (EEF) announced it has provided a $15 million lease line to a global industrial safety solutions company to finance new and existing rental equipment, vehicles and trailers.EEF was represented by Reed Smith LLP.Launched in...
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October 17, 2022, 07:20 AM
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The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, remains positive for 2021 and beyond. The updated third quarter forecast released by the American Rental Association (ARA), shows equipment...
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October 20, 2021, 07:15 AM
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Herc Holdings, a leading North American equipment rental supplier operating as Herc Rentals, entered a purchase agreement to acquire substantially all the assets of Texas-based CBS Rentals (CBS). The transaction, which is subject to customary closing...
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August 18, 2021, 08:00 AM
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The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, has improved over the last quarter. The updated second quarter forecast released by the American Rental Association (ARA) now calls for...
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August 18, 2021, 07:35 AM
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United Rentals, Inc. announced it has acquired Franklin Equipment, LLC, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast.Franklin Equipment was founded in 2008. It grew to 20 locations serving general...
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April 15, 2021, 07:03 AM
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Cross Country Infrastructure Services, Inc. announced it has acquired Five Star Equipment Leasing & Rental, L.L.C. With the addition of Five Star, Cross Country gains an established equipment rental player in the central U.S. and at the crossroads of...
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August 19, 2019, 07:00 AM
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Fortis Equipment & Consulting, a professional consultancy and provider of asset management and monitoring solutions for rental companies and fleet owners across the equipment industry, has announced its official launch. The Fortis executive team will...
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January 02, 2019, 07:10 AM
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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...
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September 04, 2018, 07:00 AM
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ABLE Equipment Rental, Inc. of NY announced it has purchased the aerial equipment assets and service operations of Mobile Lifts, Inc. of Norristown, Pa. The transaction will allow the facility to operate as the newest branch of ABLE Equipment Rental....
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July 13, 2018, 06:55 AM
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United Rentals, Inc. announced its Board of Directors has appointed Matthew Flannery as president of the company, in addition to his responsibilities as chief operating officer. Michael Kneeland, who became president and chief executive officer of...
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March 09, 2018, 07:20 AM
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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...
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November 27, 2017, 07:34 AM
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BigRentz promoted Neda Imbimbo to Chief Financial Officer (CFO) reporting to Scott Cannon, Chief Executive Officer (CEO). Imbimbo was formerly the Vice President of Finance and Operations at BigRentz and was instrumental in instituting accounting...
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November 15, 2017, 07:10 AM
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In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to grow consistently with a compound annual growth rate (CAGR) between 2017 and 2021 of 4.7 percent in the United States, resulting in...
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November 14, 2017, 07:18 AM
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Ryder System announced the appointment of Frank Mullen to the position of Vice President and Controller. In this position, Mr. Mullen reports directly to Ryder Executive Vice President and Chief Financial Officer Art A. Garcia and will serve as...
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September 18, 2017, 07:06 AM
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According to the Global Heavy-duty Trucks Market 2017-2021 report released by Research and Markets, the global heavy-duty trucks market will grow at a CAGR of 1.41% during the period 2017-2021. The report also includes a discussion of the key vendors...
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August 21, 2017, 08:00 AM
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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....
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May 10, 2017, 07:18 AM
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BigRentz co-founder, Dallas Imbimbo, announced that President and COO Scott Cannon has been appointed as CEO of the company. Imbimbo, who has served as CEO for the past five years, will continue to drive strategic initiatives from a Board level and...
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April 07, 2017, 07:05 AM
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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...
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March 07, 2017, 07:04 AM
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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...
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February 02, 2017, 07:46 AM
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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...
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November 08, 2016, 07:15 AM
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The construction equipment rental market size is expected to reach US$75.18 billion by 2024; according to a new research report by Global Market Insights, Inc.The practice of leasing instead of purchasing heavy machinery has proven to be beneficial...
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September 27, 2016, 07:07 AM
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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...
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July 05, 2016, 07:08 AM
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The April Rouse Value Index™ for used equipment prices decreased to 43.2, down 0.4% from March values. The decrease is the twelfth consecutive month of declines. The April value is down 7.9% from the mid-2015 peak of 46.9, and is now below the April...
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June 02, 2016, 06:10 AM
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The American Rental Association (ARA), which offers quarterly updates to its five-year forecast for equipment rental industry revenue to reflect more current economic factors, has released its second quarter outlook, which calls for continued revenue...
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May 05, 2016, 07:17 AM
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The March Rouse Value Index™ for used equipment prices decreased to 43.4, down 0.5% from February values. The decrease is now the eleventh consecutive month of declines, primarily driven by weaker recoveries observed in auction transactions. While...
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May 02, 2016, 07:03 AM
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Penton's EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has released its 2016 Tier 4 Benchmark Report. Developed in partnership with the Association of Equipment Management Professionals (AEMP)...
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April 05, 2016, 07:24 AM
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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...
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March 03, 2016, 07:19 AM
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Cognizant announced it has been selected by Hertz Equipment Rental Corporation (HERC) to digitally transform its business by defining and executing a new Internet of Things (IoT) strategy. HERC is working with Cognizant to generate higher value from...
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February 24, 2016, 06:52 AM
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The December Rouse Value Index™ for used equipment prices decreased to 44.2, down 0.8% from November values. The decrease is now the eighth consecutive month of declines primarily driven by weaker recoveries observed in auction transactions. While...
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February 01, 2016, 07:05 AM
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The construction industry is entering 2016 less optimistic than in 2015, but overall bullish about local, nonresidential construction activity, according to a recent survey of industry contractors and equipment distributors released today from Wells...
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January 20, 2016, 07:05 AM
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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...
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January 04, 2016, 07:15 AM
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CIT Group announced that CIT Equipment Finance has entered into a program agreement with SANY America (SANY), a global manufacturer and seller of construction and material-handling equipment. As the preferred provider of financing for SANY, CIT will...
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December 28, 2015, 07:00 AM
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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...
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December 23, 2015, 07:16 AM
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Marquette Business Credit is pleased to announce it recently funded a $5,000,000 rental fleet financing facility and revolving line of credit to Midwest High Reach, Inc. Midwest High Reach is a full service construction and industrial equipment...
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December 14, 2015, 07:04 AM
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The October Rouse Value Index™ for used equipment prices decreased to 45.0, down 0.6% from September values. This follows five consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has been...
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December 01, 2015, 07:07 AM
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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...
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November 17, 2015, 07:10 AM
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BigRentz, the world's largest online equipment rental network, announced their partnership and technology integration with Solar Technology, Inc. (SolarTech) a leading manufacturer of telematics fleet management services. This partnership provides...
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November 10, 2015, 07:07 AM
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The September Rouse Value Index™ for used equipment prices remained at 45.3, flat when compared to August values. This follows four consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has...
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November 02, 2015, 07:04 AM
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The August Rouse Value Index™ for used equipment prices decreased to 45.3, down 0.8% from July values, primarily driven by weaker recoveries observed in auction transactions for the five months ending August 2015. While there has been some softness...
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October 02, 2015, 07:00 AM
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The July Rouse Value Index for used equipment prices decreased to 45.7, down 1.5% from June values, primarily driven by weaker recoveries observed in auction transactions for the three months ending July 2015.While there has been some softness into...
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September 02, 2015, 07:02 AM
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A newly improved Advertised Rental Rate Product was released today by Penton's EquipmentWatch, the leading provider of data and insights products for the construction, lift truck and ag equipment industries."Through our Rental Partnership Program...
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July 23, 2015, 07:00 AM
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The May Rouse Value Index™ for used equipment prices decreased to 46.7, down 0.4% from April values, primarily driven by weaker recoveries observed in auction transactions during the months of April and May. While there has been some softness in the...
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July 01, 2015, 07:02 AM
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The April Rouse Value Index™ for used equipment prices increased to 46.9, up 0.6% from March values. This is 8.3% higher than the prior peak period of 43.3 in April 2007, and 58.0% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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June 01, 2015, 07:00 AM
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The equipment rental industry stands poised to set an industry record for revenues in 2015 according to the latest updated industry forecast from the American Rental Association (ARA), despite reduced demand for equipment in oil patch drilling sites....
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May 12, 2015, 07:15 AM
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The March Rouse Value Index™ for used equipment prices increased to 46.6, up 0.4% from February values. This is 7.7% higher than the prior peak period of 43.3 in April 2007, and 57.1% higher than prior trough period of 29.7 in June 2009. The Rouse...
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May 01, 2015, 06:41 AM
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The January Rouse Value Index™ for used equipment prices decreased to 46.2, down 0.9% from December values. This is 6.7% higher than the prior peak period of 43.3 in April 2007, and 55.6% higher than prior trough period of 29.7 in June 2009. The...
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March 02, 2015, 07:05 AM
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Construction contractors and equipment distributors have continued optimism about local, nonresidential construction activity in 2015 and expect a strong rental market and increasing equipment acquisitions, according to a survey from Wells Fargo...
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February 26, 2015, 07:14 AM
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Rouse Analytics added five new rental company participants to its Rental Metrics Benchmark Service this month, and now provides rate and utilization benchmarking services to 52 equipment rental companies across the U.S. Rouse Analytics, in...
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February 17, 2015, 07:02 AM
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BlueLine Rental, a full-service equipment rental company, today announced the signing of a definitive agreement to acquire Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania...
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February 04, 2015, 06:00 AM
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The December Rouse Value Index™ for used equipment prices decreased to 46.6, down 0.6% from November values. This is 7.6% higher than the prior peak period of 43.3 in April 2007, and 57.0% higher than prior trough period of 29.7 in June 2009. The...
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February 03, 2015, 07:05 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.6 million senior credit facility to RE Investment Company LLC, a wholly owned subsidiary of Miami, Florida, based Rental Equipment Investment Corp....
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January 12, 2015, 06:42 AM
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The November Rouse Value Index™ for used equipment prices increased to 46.9, up 0.8% from October values. This is 8.3% higher than the prior peak period of 43.3 in April 2007, and 57.9% higher than prior trough period of 29.7 in June 2009. The Rouse...
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January 05, 2015, 07:00 AM
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The October Rouse Value Index for used equipment prices increased to 46.5, up 0.8% from September values. This is 7.4% higher than the prior peak period of 43.3 in April 2007, and 56.7% higher than prior trough period of 29.7 in June 2009. The Rouse...
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December 02, 2014, 07:00 AM
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The September Rouse Value Index for used equipment prices increased to 46.1, up 1.1% from August values. This is 6.5% higher than the prior peak period of 43.3 in April 2007, and 55.4% higher than prior trough period of 29.7 in June 2009. The Rouse...
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November 03, 2014, 07:06 AM
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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...
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October 02, 2014, 06:55 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced that it has been added as a component of the S&P 500 Index, effective after the close of trading today. The S&P 500 is widely recognized as the foremost gauge of large-cap...
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September 22, 2014, 06:00 AM
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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...
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September 02, 2014, 06:25 AM
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International Rental News reported demand and rental duration for cranes is increasing across the USA, according to the second quarter results from Essex Rental Corp. According to the report, Essex Rental Corp. demonstrated a 29.1 % increase in...
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August 18, 2014, 07:04 AM
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According to the July American Rental Association Economic Survey, more than 84 percent of those responding expect rental revenue to increase in 2014 over 2013, with 49 percent of respondents anticipating double-digit growth. Overall, more than 92...
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August 04, 2014, 06:08 AM
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The June Rouse Value Index for used equipment prices increased to 45.8, up 0.1% from May values. This is 5.7% higher than the prior peak period of 43.3 in April 2007, and 54.3% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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August 01, 2014, 07:03 AM
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IronPlanet announced the launch of allEquip.com, an online, “buy now” marketplace of used construction equipment for sale at competitive prices. “IronPlanet’s allEquip offers online buyers the convenience of a ‘buy now’ marketplace for the...
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June 04, 2014, 06:35 AM
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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...
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June 02, 2014, 06:50 AM
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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...
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May 23, 2014, 07:00 AM
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United Rentals announced financial results for the first quarter 2014. Total revenue was $1.178 billion and rental revenue was $1.005 billion, compared with $1.100 billion and $916 million, respectively, for the same period last year. On a GAAP basis...
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April 21, 2014, 06:50 AM
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The February Rouse Value Index for used equipment prices increased to 44.8, up 1.6% from January values. This is 2.8% higher than the prior peak period of 43.3 in April 2007, and 50.8% higher than prior trough period of 29.7 in June 2009. The Rouse...
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April 03, 2014, 06:35 AM
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Cummins Power Generation (CPG) is adding financing as an important tool to further grow the company's rental power business. The company has signed a comprehensive financing partnership with The Construction, Transportation & Industrial (CT&I)...
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February 27, 2014, 07:04 AM
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November OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.4% from October values. For the six months ending November 30th, 2013, average index values are up 1.2%. Eight out of fourteen...
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January 02, 2014, 07:10 AM
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October OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.1% from September values. For the six months ending October 31st, 2013, average index values are up 1.6%. Seven out of fourteen...
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December 02, 2013, 06:59 AM
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Rental Pulse reported total equipment rental revenue in North America for 2013 is expected to reach $38 billion, according to the latest figures released by the American Rental Association (ARA) from its ARA Rental Market Monitor™ service updated in...
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November 05, 2013, 06:59 AM
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September OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.6% from August values. For the six months ending September 30th, 2013, average index values are up 2.0%. Nine out of...
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November 01, 2013, 06:31 AM
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August OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from July values. For the six months ending August 31st, 2013, average index values are up 1.6%. Six out of fourteen category...
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October 02, 2013, 06:56 AM
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July auction sales of rental & construction equipment tracked by Rouse averaged 2.4% higher than Rouse June FLV values. Rouse recorded 1,464 units that sold at 33 separate auction sales conducted across North America. The units represented a combined...
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August 30, 2013, 07:00 AM
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Rental Pulse reported that acccording to the American Rental Association (ARA), equipment rental store owners and managers as well as product suppliers to the industry continue to have an optimistic outlook for growth in 2013.According ot the report...
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August 12, 2013, 07:03 AM
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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....
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August 05, 2013, 07:00 AM
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April OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from March values. For the six months ending April 30th, 2013, average index values are up 1.0%. Six out of fourteen category...
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June 07, 2013, 06:45 AM
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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....
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May 20, 2013, 07:08 AM
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March OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from February values. For the six months ending March 31st, 2013, average index values are up 0.9%. Eight out of fourteen...
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May 02, 2013, 07:00 AM
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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...
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April 01, 2013, 07:05 AM
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United Rentals announced financial results for the fourth quarter and full year 2012. For the full year 2012, total revenue was $4.117 billion and rental revenue was $3.455 billion. On a GAAP basis, full year net income was $75 million. For the full...
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January 24, 2013, 07:15 AM
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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...
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December 24, 2012, 07:30 AM
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According to the December Rouse Rental Report, November OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from October values. For the six months ending November 30th, 2012, average...
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December 24, 2012, 07:18 AM
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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...
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November 26, 2012, 07:57 AM
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American Rental Association (ARA) equipment rental store owners and managers as well as product suppliers to the industry remain optimistic about growth in the remainder of 2012.More than 83 percent of those responding to ARA’s October 2012 economic...
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October 29, 2012, 06:12 AM
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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...
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August 14, 2012, 06:17 AM
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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...
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July 02, 2012, 07:00 AM
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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...
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June 25, 2012, 07:15 AM
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The outlook for the equipment rental industry shows increased optimism as first-quarter performance was better than expected, resulting in a more positive outlook for the full year, according to the latest data released by the American Rental...
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May 14, 2012, 07:30 AM
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