Friday quiz: Access equipment fatalities | Manitou’s new battery joint venture | Who is new Nixon Hire CEO?
1) By what percentage did fatal and major incidents involving powered access equipment decrease in 2024, according to IPAF’s Global Safety Report? 15% 26% 12% 2) Where will Manitou and Hangcha’s new lithium-ion battery joint venture be established? Metz, in northeastern France Le Mans, in Sarthe, France Toulouse, in southern France 3) What is the […]
Re-rental veteran Truckenbrodt on tariffs, tech shortages and survival in an uncertain market
Founded 35 years ago, USM ReRents is now among the longest-established re-rental providers in the United States, and one of the few independents still standing in a sector that has undergone significant consolidation in the last five years. The company, whose business model is built around supplying specialist machines to regional rental companies that cannot […]
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 […]
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% […]
LiuGong outlines BEV roadmap and UK expansion
LiuGong has confirmed plans to launch 10 new electric construction machines for Europe by 2026, including its first electric skid steer loaders, reach stackers and forklifts, as part of a broader roadmap to cover 85% of total industry volume by 2030. The update was shared at the company’s Zero Boundaries: LiuGong BEV Experience event in […]
LiuGong outlines BEV roadmap and UK expansion
LiuGong has confirmed plans to launch 10 new electric construction machines for Europe by 2026, including its first electric skid steer loaders, reach stackers and forklifts, as part of a broader roadmap to cover 85% of total industry volume by 2030. The update was shared at the company’s Zero Boundaries: LiuGong BEV Experience event in […]
United Rentals raises full-year guidance
United Rentals has raised its full-year guidance for 2025, following what it described as solid second-quarter results. The company cited continued growth across both its general rentals and specialty businesses as key drivers of performance. For the three months to June 30, total revenue rose to $3.943 billion, including $3.415 billion in rental revenue which […]
ERA/IRN RentalTracker: Pressure in the present, future rebound?
The latest ERA/IRN RentalTracker suggests that business sentiment across Europe’s rental industry has taken a step back from the modest positivity at the end of last year. While not a collapse by any means, signs of strain are emerging. The Q2 2025 survey, conducted during June and early July, attracted responses from more than 110 […]
Kiloutou strengthens with acquisitions in Denmark and Italy
Kiloutou Group has announced the acquisition of two rental companies in Denmark and Italy as part of its ongoing international expansion strategy. No financial details of the acquisitions have been disclosed. The deals, both subject to regulatory approval, will see the group expand its footprint in western Denmark and the Piedmont region of northern Italy. […]
Finning makes senior finance appointment
Finning International has appointed David Primrose as executive vice president and chief financial officer (CFO). Primrose is a chartered professional accountant and has held a range of senior executive roles at Finning, including president of Finning Canada, managing director for Finning UK and Ireland, executive vice president of Mining for Finning Canada, and senior vice […]