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Essex Rental Corp.Predicts Gradual Recovery in Crane Rental Market

March 25, 2013, 06:31 AM
Filed Under: Rental News
Related: Cranes, Rental

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 market for 2013 in the company's recently released 2012 earnings report.

According to President and CEO Ron Schad, "Thus far in 2013, we are continuing to experience a gradual recovery across all of our business lines as compared to the same period in 2012. For example, since the beginning of the year we have increased the number of crawler cranes on rent by approximately 10% as measured against units on rent at December 31, 2012. Rental rates continue to be firmer across all of our asset classes and where utilization warrants it, we are raising rates." 

Read the full earnings release.

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