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March 2004
COVER STORY
FIRE UP THE POWER
On August 14, 2003, more than 60 million people in the eastern United States and Canada lost power as 21 power plants were shut down in a span of three...
Story by Michael Roth, RER
FEATURES
OUTLOOK 2004
Can employee ownership improve a company’s performance? How fast will Home Depot grow? Are better used equipment bargains on the horizon? These are just a few of the issues tackled by industry figures in this, the second part of RER’s annual Outlook series.
INDUSTRY NEWS
BIG REVENUE INCREASE, STOCK SPLIT FOR TOROMONT
TORONTO — Toromont, Caterpillar dealer for Ontario, Manitoba, Newfoundland, Nunavit and Labrador, last month reported revenue of U.S. $285.1 million...
BRANDON HIRE HAS BIG 2003, PLANS EXPANSION
BRISTOL, U.K. — Brandon Hire announced a 20-percent increase in annual sales and a 25-percent jump in operating profits for 2003. With total 2003...
COLUMBUS AREA NATIONSRENT DAMAGED IN BLAZE
HILLIARD, Ohio — The Hilliard, Ohio, NationsRent branch was gutted in an early morning fire February 8, according to a report by NewsChannel 4...
DEERE REPORTS 25 PERCENT HIGHER 1Q EARNINGS
MOLINE, Ill. — Deere & Co. reported net income of $170.8 million, or 68 cents per share, for the first quarter ended Jan. 31, compared with net...
FINNING REVENUES UP 12 PERCENT
VANCOUVER, B.C. — Finning International last month reported record quarterly revenues of U.S. $697.1 million, up 10 percent over the same period...
HOME DEPOT OPENS NEW RENTAL DEPARTMENTS
ATLANTA — Home Depot opened new stores in Uniontown, Pa., and College Place, Wash., last month. Both of the new stores include rental departments....
HSS RENTX TO OPEN BRANCHES, RE-SHAPE NETWORK
DENVER — HSS RentX plans to expand its presence in key metropolitan markets, company officials said last month. Under new owner 3i Group, the Denver-based...
NER REPORTS EQUIPMENT THEFT PROBLEM WORSENING
NEW YORK — National Equipment Register recently released its first annual report studying the problem of heavy equipment theft in the United States....
NES RENTALS EMERGES FROM BANKRUPTCY
CHICAGO — National Equipment Services, also known as NES Rentals, one of the largest equipment rental companies in North America, emerged from...
PROFITS UP WHILE VOLUME DROPS FOR RSC
SCOTTSDALE, Ariz. — Rental Service Corp. totaled $1.5 billion in revenue in 2003, according to Stockholm, Sweden-based Atlas Copco's unaudited...
Strong Buying Reported At The Rental Show
ATLANTA — New equipment orders were up at the American Rental Association's convention and trade show in February, according to most exhibitors...
TEXADA TO INTEGRATE SYSTEMS WITH SMARTEQUIP
GUELPH, Ont. — Texada Software, a major provider of rental management systems to the equipment rental and dealership industries last month announced...
UNITED RENTALS COMPLETES $2.1 BILLION REFINANCING
GREENWICH, Conn. — United Rentals in February completed its previously announced offerings of $1 billion of 6 ½ percent senior notes due 2012...
FROM THE EDITOR
GOOD AND BAD NEWS FROM THE SHOW FLOOR
In one of the best signs of a rental industry rebound, foot traffic was up and buying was brisk at The Rental Show in Atlanta last month. Almost every...
Michael Roth mroth@primediabusiness.com
UPFRONT
HICKS TAKES THE REINS
RER: How will United Rentals change under the leadership of Wayland Hicks? Hicks: There will be a lot of change, but let me start off with an explanation...
PRODUCT SPOTLIGHT
GENERATORS/WELDERS
Lincoln Electric Intended for use where gasoline and diesel emissions are unacceptable, the Ranger 250 LPG engine-driven welder/generator is powered...
MINI EXCAVATORS
Komatsu Komatsu introduces three compact excavators designed to bring increased production and operator comfort to contractors. Komatsu expanded the...
PAINT SPRAYERS
Airlessco Airlessco LP and SL series airless paint sprayers feature large slow-stroking pistons, which means fewer rpm to move paint. This cuts heat...
NEW & NOTED
ADDED FEATURES IMPROVE SUBMERSIBLE PUMPS
Multiquip's ST-2037, ST-2040T and ST-2047 are portable 2-inch submersible pumps designed for removing water from confined areas. They can be used for...
ELECTRIC HACKSAW CUTS INTO TOUGH JOBS
The portable electric hacksaw by CS Unitec is designed to have the power and durability to stand up to the most demanding cutting applications. This...
ONE-TOUCH BLADE CHANGE SYSTEM AVAILABLE ON CORDED JIGSAW
The new 1590EVSK jigsaw from Bosch Power Tools is an upgrade from the Bosch 1587, with a precision control blade guide system that virtually eliminates...
REDESIGNED PRESSURE WASHERS EASIER TO TRANSPORT
The Job Pro Electric Series, a cold-water series of pressure washers from Mi-T-M, was redesigned for the commercial pressure washer application. The...
FEEDBACK
SUPPLIERS: DON'T FORGET THE SMALL GUYS
Dear RER:In this day and age, it seems one of the most common buzz words in the corporate world, is “branding.” Companies spend millions...
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