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% […]
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 […]