ERA updates guide
The updated rental guide
The European Rental Association (ERA) has released a new and improved Discover Rental guide to Europe's equipment rental industry. The guide serves as an introduction or 'primer' to promote the industry to new customers and explain rental to local authorities, policy-makers and other key stakeholders.
The guide, which was first published in 2010, has been updated and relaunched to reflect the latest developments in the industry, with chapters on the financial and operational benefits of rental, the types of equipment that can be rented, how to choose a rental company, sustainability, and the economic contribution of the industry.
The Discover Rental
guide can be downloaded free of charge from the ERA website
Equipment finance rises
Washington, DC, United States
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index shows overall new business volume rose 9% in July to reach USD9.9 billion.
Year-to-date cumulative new business volume was also up nearly 9% compared to 2020.
Credit approvals dropped from 76.7% to 76.5% in June.
Total headcount for equipment finance companies was down 13.9% year-over-year, a decrease due to significant downsizing at some organisations.
Separately, the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) in August is 66.6, a decrease from the July index of 72.9.
ELFA President and CEO Ralph Petta says: "Despite supply chain disruptions in some sectors of the economy, signs of inflation and emergence of the Delta coronavirus, July new business volume in the equipment finance industry was strong. Consumer spending is picking up, equity markets continue to advance, and unemployment is slowing - reasons to be optimistic about equipment investment and industry performance for the second half of the year."
JCB adds jobs
Rocester, United Kingdom
JCB is adding welding jobs
JCB is recruiting 100 new welders for its Staffordshire factories as demand for its products continues to soar.
The recruitment drive has just got under way for the permanent jobs at JCB's World Headquarters and its plants in Cheadle and Uttoxeter.
In September, JCB will also welcome an additional 15 new recruits into its fabrication and welding apprenticeship. In the past three years, almost 70 welding apprentices have passed their courses - and all gained permanent JCB jobs.
The news comes as demand for JCB machines reaches historic highs, with most products now sold out until next year.
JCB chief operating officer Mark Turner says: "Over the past five years, the number of welders in the UK has shrunk, which presents businesses with a big challenge at times of high demand. JCB has been working very hard over the past few years to tackle this shortage and attract new entrants to this highly skilled job with its apprenticeship and training programmes, which have been very successful. We are delighted to be building on that success with the creation of 100 permanent new welders' jobs."