US Fed holds rates steady as construction prices rise
The decision, announced following the Federal Open Market Committee’s latest meeting, was expected by most analysts. The announcement involved some historic intrigue, however, as two Fed governors, Christopher Waller and Michelle Bowman, dissented in favour of lowering rates; a rare move that suggests some division among officials of the central bank. In its statement, the […]
Samoter launches operator training initiative
Veronafiere, organiser of the Samoter exhibition, is launching Samoter Academy, a collaboration with non-profit foundation Engim Veneto and equipment manufacturers to promote training and skills development in the construction equipment industry. The initiative will be established after the next Samoter show, which takes place in Verona, Italy, on 6 to 9 May 2026, and aims […]
New CEO for Opifex-Synergy in US
Opifex-Synergy, the major US rental business in the Southern states of the US, has appointed Joseph ‘Jay’ Vaughn III as its CEO. Vaughn was the CEO and co-founder of Texas-based Opifex. His appointment follows the merger last year of Opifex and Florida-based Synergy Equipment. He succeeds Synergy founder J C Mas, who will become chairman […]
Delayed CapEx and tariffs impact Genie’s Q2
Terex Corp. announced a decline in Genie’s second-quarter 2025 revenues and operating profit, citing delayed capital expenditure from North American rental companies and “significant tariff rate increases.” For the second quarter, Genie reported net sales of $607 million, a -17.1% or $125 million decrease year-over-year. Operating profit for the quarter was $46 million, down -60% […]
Capex drop hits Genie quarterly revenues
Lower than expected capital expenditure from customers has resulted in a 17% drop in net sales for Genie in the second quarter of the year. Sales at Terex Corp’s Aerials division stood at $607 million, representing a $125 million fall year-over-year as rental customers focused primarily on replaceing their fleets. Genie’s GTH-1044 The lower than […]
Guide: SAIA Annual Convention & Exposition
The Scaffold and Access Industry Association (SAIA) will welcome more than 700 attendees this August 4-8 in Fort Worth, TX for its Annual Convention & Exposition, with 57 of those being first-timers. The SAIA Annual Convention & Exposition brings together the largest gathering of scaffold and access industry professionals. The convention features industry-focused educational sessions […]
JCB on how to beat the skilled labor shortage
What does it take to cultivate the next generation of skilled talent in the access, rental and manufacturing industries? JCB’s Early Career Development Manager Chastity Williams-Lasley will address just that when she takes the stage on Oct. 16 to present at the Working at Height Conference & Awards in Nashville. In her session “Built to […]
Genie launches quick access operator information hub
Genie has introduced the Serial Hub, bringing QR codes to its lift, which makes it easier and faster for operators to find machine information. The service provides access to the operator’s manual, maintenance requirements, safety-related information, and parts ordering and availability, among others. In July, Genie began rolling out QR code decals located in an […]
Spreading the load: How cranes giant Palfinger wants to take its access platform business to the next level
Palfinger, the Austrian engineering group is known around the world for its cranes. The Salzburg-based manufacturer, founded in 1932, produces more than 100 models of truck-mounted articulated loader cranes and is easily considered the market leader in the segment. Yet, despite this specialism, Palfinger, which also produces marine lifting solutions and truck-mounted forklifts, is looking […]
Herc issues first results since H&E acquisition
Herc Rentals has reported its first quarterly results since finalising the acquisition of H&E Equipment at the start of June, with revenues for the three months to 30 June up 18.2% to US$1 billion and EBITDA profits up 12.8% to $406 million. These figures include one month of contributions from H&E, but pro forma revenues […]