http://rermag.com/ Rental Equipment Register News en-us http://rermag.com/trends_analysis/headlinenews/hande-3q09-110609 Revenues decreased 37 percent to $175.6 million for H&E Equipment Services in the third quarter, compared with $278.6 million in the same period in 2008. Equipment rental revenues plunged 42.3 percent to $45.1 million compared with $78.2 million in the third quarter of 2008. headlinenews Fri, 06 Nov 2009 16:57:00 EST http://rermag.com/trends_analysis/headlinenews/jcb-refurb-program-110609 Heavy equipment manufacturer JCB has launched an equipment refurbishment program aimed at keeping used JCB machines available within the marketplace. The Encore Program provides dealers with an opportunity to bring used JCB backhoe loaders and Loadall telescopic handlers back to their original specifications, making them mechanically sound and correcting any cosmetic or other superficial defects. headlinenews Fri, 06 Nov 2009 16:55:00 EST http://rermag.com/trends_analysis/headlinenews/essex-corp-3q09-110609 Essex Rental Corp. last week announced its unaudited consolidated results for the third quarter ended Sept. 30. Total rental-related revenue was $9.7 million in the third-quarter, a 52-percent decline compared to $20.2 million in the year-ago period. The decline was primarily due to lower equipment rental revenue driven by lower utilization rates on cranes and attachments which represented 64.0 percent of total revenue, or $7.1 million for the three months ended Sept. 30, compared to $16.3 million in the comparable period in 2008. Equipment rental income was also impacted by a 6.9-percent decrease in the average monthly crane rental rate to $20,716 relative to the average monthly crane rental rate of $22,258 for its comparable period in 2008. headlinenews Fri, 06 Nov 2009 16:52:00 EST http://rermag.com/trends_analysis/headlinenews/congress-centre-canadian-rental-mart-110609 The 2010 Canadian Rental Mart will be held March 9-10 at the Congress Centre in Toronto. headlinenews Fri, 06 Nov 2009 16:48:00 EST http://rermag.com/trends_analysis/headlinenews/terex-names-central-distributor-110609 Central Equipment Co., with locations in Pocatello, Jerome and Heyburn, Idaho, now distributes the full line of Terex compact construction equipment. The Terex line includes compact track loaders, compact excavators, compact wheel loaders, site dumpers, tractor loader backhoes, light towers, telehandlers, power buggies, compaction rollers and a tracked utility vehicle. headlinenews Fri, 06 Nov 2009 16:42:00 EST http://rermag.com/trends_analysis/headlinenews/doosan-names-ally-equipment-110609 Doosan Infracore Portable Power has named Ally Equipment of Denver an authorized dealer of its Ingersoll Rand-branded line of mobile generators and lighting systems. Ally Equipment is a national equipment rental and sales company specializing in emergency response and rapid deployment. The addition of the Doosan Infracore Portable Power line of mobile generators and lighting systems to its inventory gives Ally more equipment resources to meet the needs of private companies, municipalities and states’ response agencies. headlinenews Fri, 06 Nov 2009 16:40:00 EST http://rermag.com/trends_analysis/headlinenews/total-construction-to-drop-fmi-reports-110609 Total construction in 2009 and 2010 will be down 14 percent and 5 percent respectively, according to FMI’s Construction Outlook. The outlook for the general economy is improving, the report says, but has yet to translate into improvement in the construction markets. headlinenews Fri, 06 Nov 2009 16:37:00 EST http://rermag.com/trends_analysis/internationalnews/cramo-drops-first-nine-months-09-110609 European rental giant Cramo posted €331.3 million (about U.S. $492.5 million) in revenues for the first nine months of 2009, about 24.1-percent below revenue for the same period last year. Because the exchange rate of several European currencies weakened against the Euro, in local currencies, sales dropped 17.6 percent. internationalnews Fri, 06 Nov 2009 16:34:00 EST http://rermag.com/trends_analysis/internationalnews/australian-rental-owner-horse-race-110609 Australian rental company owner Laurence Eales won Australia’s prestigious Melbourne Cup race with his horse Shocking. internationalnews Fri, 06 Nov 2009 16:31:00 EST http://rermag.com/trends_analysis/internationalnews/lula-operates-manitowoc-crawler-crane-110609 The president of Brazil, Luis Ignacio Lula da Silva, popularly known as Lula, took the controls of a Manitowoc Model 18000 crawler crane for a keel-laying ceremony at the Atlantico Sul Shipyard in Ipojuca, in the state of Pernambuco, Brazil. At the event, which took place mid-September, the crane positioned the central section of the Suezmax 1 oil tanker. The tanker is the first of 10 vessels ordered by Transpetro, the tanker-owning part of the state-run oil company Petrobras. internationalnews Fri, 06 Nov 2009 16:28:00 EST http://rermag.com/trends_analysis/rer_the_environment/volvo-environment-prize-110609 Stockholm, Sweden-based Volvo last week presented its Volvo Environment Prize to Dr. Susan Solomon, one of the world’s leading atmospheric chemists. The prize, this year worth SEK 1.5 million (about U.S. $213,578), is celebrating its 20th anniversary. It has become one of the science world’s most respected environmental awards. rer_the_environment Fri, 06 Nov 2009 16:25:00 EST http://rermag.com/trends_analysis/wall_street_beat/jlg-sales-drop-110609 Oshkosh Corp., a leading manufacturer of specialty vehicles and vehicle bodies and parent company of JLG Industries, the world’s leading aerial work platform manufacturer, posted fiscal fourth-quarter net sales of $1.49 billion and income from continuing operations of $52.4 million, compared with net sales of $1.85 billion and income from continuing operations of $62.4 million for the previous quarter. wall_street_beat Fri, 06 Nov 2009 16:23:00 EST http://rermag.com/trends_analysis/wall_street_beat/rsc-senior-notes-110609 RSC Equipment Rental, the operating subsidiary of RSC Holdings last week said it priced an offering of $200 million aggregate principal amount of 10.25 senior unsecured notes due 2019. The senior notes are being co-issued with RSC Equipment Rental’s parent RSC Holdings III, LLC. wall_street_beat Fri, 06 Nov 2009 16:21:00 EST http://rermag.com/trends_analysis/wall_street_beat/cummins-3q09-110609 Cummins Inc. last week reported third-quarter sales of $2.53 billion, down 31 percent from the same period last year, and net income of $95 million, or $0.48 a share. However, the company significantly improved its profitability and cash position from the second quarter despite the global recession that continues to affect demand in most markets. wall_street_beat Fri, 06 Nov 2009 16:19:00 EST http://rermag.com/trends_analysis/wall_street_beat/lojack-3q09-110609 Westwood, Mass.-based LoJack Corp. last week reported results for the third-quarter revenue of $36.1 million for the period ended Sept. 30, a 32-percent decline from $52.9 million in the same quarter a year ago. wall_street_beat Fri, 06 Nov 2009 16:15:00 EST