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 […]
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 […]
Point of Rental integrates auction platform
Rental software company Point of Rental has signed a partnership with online auctioneer Bidadoo that will allow Point of Rental customers to sell used equipment “seamlessly” through Bidadoo’s auction platform. The auction company said the deal represented a “transformative leap in equipment remarketing”, giving regional rental fleets instant access to a global audience of online […]
Home Depot expands product distribution with $5.5bn deal
The Home Depot in the US is to acquire building products distributor GMS Inc for US$5.5 billion, including net debt. The deal is being made through Home Depot’s trade subsidiary SRS Distribution and will further expand its position supplying building products to professional customers. SRS, which was acquired by Home Depot in 2024, has 800 […]
AXCS names new product manager
AXCS Equipment has announced Paul Michaels as the company’s new Group Product Manager. One of Michaels’ primary responsibilities will be to work on the development and deployment of the company’s new and expanding product portfolio. He will be responsible for overall customer experience and product strategy by translating market needs and determining how both legacy […]