News & Events

ARA Introduces Definition of Equipment Rental Penetration at Rental Show

The American Rental Association this week introduced its new ARA Equipment Rental Penetration Index at the Rental Show in Las Vegas to more clearly define the concept of rental penetration. ARA convened a work group in September of last year to develop a plan for estimating an appropriate measure of equipment rental penetration for the equipment rental industry. read more

NTS Opens Chicago Facility, Its 18th Branch

National Trench Safety, Houston-based trench shoring and traffic safety rental specialists, has opened a new branch operation in Chicago. The Chicago branch will be managed by Matt Clymer, a trench safety veteran with many years of industry and branch management experience. read more

Volvo CE Has “Reasonable” Year Despite Fourth-Quarter Decrease

Despite a sharply reduced global demand leading to a slowdown in the fourth quarter, Volvo Construction Equipment rounded off a solid 2012 by extending its market position in the Chinese wheel loader and excavator segments to about 15 percent, the company said. Volvo CE also protected its profitability through inventory management and sold its second-highest ever number of machines. Volvo CE sold 78,491 machines in 2012. read more

Gorman-Rupp Posts Record Sales for Q4 and Full Year

The Gorman-Rupp Co. posted record sales for the fourth quarter and full year ended Dec. 31, 2012, and attained 40 consecutive years of increased cash dividends paid to shareholders. Net sales for the full year increased 4.5 percent to a record $375.7 million compared to $359.5 million for 2011. Total international sales jumped more than 15 percent to a record $136.5 million. read more

H&E Equipment Services Closes Senior Notes Offering

H&E Equipment Services last week closed its offering of $100 million aggregate principal amount of 7 percent senior notes due 2022 in an unregistered offering through a private placement. The new notes are senior unsecured obligations of the company and are guaranteed by certain of its domestic subsidiaries. H&E will use the proceeds from the offering to repay indebtedness outstanding under its senior secured credit facility and for the payment of fees and expenses related to the offering. read more