All Business & Finance Articles

The American Rental Association (ARA) has slightly lowered its rental growth forecast for this year following a slowdown of economic growth in the second quarter of 2012.

International Rental News (IRN) Editor murray Pollok has prepared a five minute podcast looking at some of the main trends from the latest IRN100 list of the world's largest 100 equipment rental companies.

Carl Icahn and his affiliates are once again proposing to the management of Oshkosh that JLG be launched as a stand-alone business.

Access rental firm adds a second Multitel SMX225 to its fleet, after purchasing the new platform from Multitel's UK dealer Access Industries.

Manitex International saw second quarter 2012 revenues increase by 42% to US$ 52.5 million and net income report record growth of 124% to US$ 2.3 million

Brazil's Mills Estruturas e Servicos de Engenharia has reported a record turnover for the second quarter of 2012 complemented by a record earnings growth of 73.5%, while planned investment more than doubles.

Ramirent’s growth slowed during the second quarter of the year, with a 4.9% increase in like-for-like sales in the second quarter compared to the 12.4% growth in the first.

Second quarter revenues down -11.4% compared to a year ago, but improvement seen compared to the first three months of the year.

Cramo’s growth rate slowed in the second quarter of the year and it is now expecting flat sales for the year rather than the growth forecast previously.

UK plant and tool hire company GAP Group is to establish more specialist divisions to add to the Lifting and Non-mechanical plant divisions launched in the past three years.

Cooperative rental association System Lift has announced that 2011 was its most financially successful year ever since with more than a €100 million turnover.

The French equipment rental market fell by 1% in the second quarter of the year according to the latest ‘barometer’ member survey by DLR, the French association for construction equipment distributors, rental companies and the material handling sector.

German rental company Mateco has opened a new, centrally located depot in Cologne within easy access to main routes and motorways.

Italian manufacturer CTE has reported a 5% growth in sales in the first half of 2012 compared to the same period in 2011 This is equivalent to an increase of orders to the value of €1 million.

Hertz Equipment Rental Corporation (HERC) reported worldwide equipment rental revenues of $335 million for its second quarter of 2012, up 11% year-over-year. HERC says this double-digit increase has been driven by North American demand.

CTE has delivered two telescopic aerial platforms B-Lift 620 High Range to the Iranian company Khuzestan Electricity Distribution. The sale was coordinated successfully through the relationship between CTE and the Iranian dealer Lajvar, based in Arak. These two B-LIFT 620 are thought to be the highest platforms available in Iran.

Speedy Hire is to double its electric scissor lift fleet with a £4 million investment in Skyjack scissors.

Coates Hire has denied media reports that it will conduct an Initial Public Offering (IPO) to raise up to A$700 million.

Italian aerial platform rental company Nacanco is successfully negotiating a stormy economy and maintaining its track record of growth. Murray Pollok met the company's managing director, Marzia Giusto, in Rome.

Oshkosh has announced that sales in its Access Platform segment in its third quarter - ending 30 June 2012 - have increased 40.4% (to $814.6 million) compared to the same period in 2011. Oshkosh, the parent company of JLG, is attributing growth to higher unit sales and previously announced price increases.