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Headline News
ARA's Rental Show Sparked by Improved Attendance, Solid Buying
February 9, 2012
Increased attendance, solid buying and a more upbeat attitude than has been seen in years sparked The Rental Show in New Orleans this week. American Rental Association officials told RER pre-registration figures topped total attendance at last year’s Las Vegas show and show floor traffic for the most part bore out that assessment.
IHS Global Predicts 6.9-Percent Rental Revenue Growth in 2012
February 9, 2012
The equipment rental industry outperformed the industries it serves in 2011 and should continue strong momentum into 2012 according to new data released this week by the American Rental Association.
Volvo Rents Acquires Arizona Rentals
February 9, 2012
Volvo Rents continued its expansion this week with the acquisition of Arizona Rentals, a four-location former Volvo Rents franchise business with stores in Eloy, Miami, Thatcher and Tucson, Ariz. Volvo Rents now has five locations in Arizona, having recently acquired Phoenix-based Papé Rents.
Leppo Rents Relocates Elyria Facility to Larger Building
February 9, 2012
Bobcat of Cleveland West/Leppo Rents has relocated its Elyria, Ohio, rental and sales facility to a 10,000-square-foot-under-roof location, Cleveland.com is reporting. Company chairman Dale Leppo said the company bought an existing location that it is converting to the company’s needs.
Hertz Schedules Fourth Quarter and Full-Year 2011 Conference Call
February 9, 2012
Hertz Global Holdings will hold a conference call to discuss 2011 fourth quarter and full-year earnings results Feb. 23 at 10 a.m. ET. A press release detailing financial results will be issued after market close Feb. 22.
Morbark Signs Bobcat of the Rockies to Dealer Network
February 9, 2012
Bobcat of the Rockies recently signed a contract to become the exclusive dealer of Morbark tree care equipment for Colorado as well as Albany, Carbon, Goshen, Laramie and Platte counties in Wyoming.
Postcards from Las Vegas & New Orleans
JLG Introduces Electric Scissorlifts at The Rental Show
February 9, 2012
JLG Industries this week introduced the RS Series of electric scissorlifts — the 1932RS and the 3248RS at The Rental Show in New Orleans.
Kohler Engines Upgrades Rental Partner Program
February 9, 2012
Kohler Engines, a manufacturer of gas and diesel engines for lawn and garden, commercial, construction and agriculture markets, announced this week at The Rental Show it has upgraded the Rental Partner Program to include more savings and opportunities for current and new rental merchants.
Wall Street Beat
Gorman-Rupp Reports Record Sales of $359 Million in Full-Year 2011
February 9, 2012
The Gorman-Rupp Co. this week reported record sales, earnings and incoming orders for the year ended Dec. 31, 2011. Net sales during 2011 increased 21.1 percent to a record $359.5 million compared to $296.8 million during 2010. International sales increased 2 percent and were 33 percent of total sales in 2011.
Terex to Host Q4 and Year-End 2011 Earnings Call February 16
February 9, 2012
Terex Corp. will release its fourth quarter and year-end 2011 financial results on Wednesday, Feb. 15, after market close. The company will host a conference call to review the financial results on Thursday, Feb. 16, 2012 at 8:30 a.m. EST. Chairman and CEO Ron DeFeo, will host the call.
Supply Side
Generac Announces $8-$10 Million Headquarters Remodel and Expansion
February 9, 2012
Generac Power Systems, a leading manufacturer of backup power generation equipment, this week announced it will commit $5 to $6 million to expand and remodel its Waukesha, Wis., headquarters and an additional $3 to $4 million in upgrades to create a technical center. The $8 to $10 million total investment will result in more jobs, more innovation and more technology for Generac, the manufacturing sector and the state of Wisconsin, the company said.
Bricks & Clicks
New Genie Website Offers Better Design and Improved Access
February 9, 2012
Terex Aerial Work Platforms, a business segment of Terex Corp., this week launched the newly improved Genie North American website, www.genielift.com, which highlights the company’s complete offering of Genie-branded equipment and Terex light towers. The site provides detailed information about the products and resources available to customers in the North American market. A user-friendly design makes finding the right information simple and intuitive so visitors can find what they need, when they need it.
Classifieds
February 9, 2012
Equipment rental coordinator -- Toledo, Youngstown, Cadiz, Akron/Canton, Ohio – CAT Rental Store
Rental branch manager -- Oakwood Village (Cleveland) and Columbus, Ohio – CAT Rental Store
Sales manager -- Houston – Sunstate Equipment Co.
Region vice president -- Texas & Oklahoma – H&E Equipment Services
Businesses wanted -- Free and confidential consultations -- Rental Acquisitions, LLC
Caterpillar -- Rental & used operations rep, Los Angeles; Harrisburg, Pa.; Peoria, Ill.; Nashville, Tenn.; Indianapolis; Houston; and Toronto
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