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It is interesting to read this week about the growth of the equipment rental market. This week’s newsletter includes details of the latest global survey which indicates significant growth last year in equipment rental revenues. That report follows a number of recent reports of expansion and growth among equipment rental businesses in various markets.
The spike in rentals may be a reaction to the global financial crisis, with businesses opting to rent rather than buy equipment for short- and medium-term needs.
Rental, of course, makes sense when times are tough and organisations are keen to sharpen their balance sheets. It is also a prudent approach when there is uncertainty and operators are unable to bank on future orders or revenue levels.
Again, it’s an indication that while things may slow down in one market, they usually pick up somewhere else.
|Local News||FROM THE FORKLIFTACTION.COM EDITORIAL TEAM|
|New freight council formed for Victoria Australasia News|
Melbourne, Victoria A new advisory body, the Ministerial Freight Advisory Council (MFAC), has been set up to provide an important link between government and industry.
The new council, established earlier this... [more]
|Australian freight giant sells technology to Cargotec Australasia News|
Melbourne, Victoria Australia's largest national rail freight and ports operator, Asciano, has sold its automation technology and competence to global cargo expert Cargotec.
The transaction, completed early July, includes the acquisition... [more]
|Agility wins logistics contract for gas project Australasia News|
Perth, Western Australia Global logistics provider Agility has got the nod to provide logistics, stevedoring and related services to support the Gorgon natural gas project in Western Australia.
Valued at $232 million... [more]
|Record growth for Melbourne port Australasia News|
Melbourne, Victoria Trade figures at the Port of Melbourne surged in the 2011/12 financial year, with a 9.1% overall increase at Australasia’s busiest container and general cargo port.
Premier Ted Baillieu... [more]
|Global News||FROM THE FORKLIFTACTION.COM EDITORIAL TEAM|
|Rental companies grow in 2011|
UNITED KINGDOM Equipment rental revenues worldwide grew significantly in 2011 as contractors and other equipment users increased their reliance on rental suppliers, according to a KHL Group survey.
The latest IRN100... [more]
|Van Keppel adds Nissan, Heli brands in St Louis market|
UNITED STATES GW Van Keppel Co says it added representation of the Nissan Forklift Corp and Anhui Heli Co Ltd lines in the St Louis market on 16 July.
Nissan Forklift... [more]
|Barloworld secures major contract|
UNITED KINGDOM Barloworld Handling has secured a five-year contract with the fourth-largest builders’ merchant in the UK, to help streamline the maintenance and fleet management of about 500 pieces of materials handling... [more]
|Lisman reaches significant milestone|
NETHERLANDS European used forklift wholesaler Lisman has reached its milestone 100,000th used forklift, as the company celebrates its 45th anniversary this year.
The company started numbering its stock about 30... [more]
|Crown opens new branch in central California|
UNITED STATES Crown Equipment Corp has opened a new company-owned branch in Fresno in the centre of California’s agriculture-oriented San Joaquin Valley.
The leased 22,000 sqft. (2,044 sqm) facility increases Crown’s... [more]
|Pyroban Group aims higher, celebrates 40 years|
UNITED KINGDOM Explosion-proof specialist Pyroban Group wants to convert about 800 forklifts this year as it marks 40 years in business in July, following a record year of sales.
“These are... [more]
|Guam Crane Services becomes Clark distributor|
UNITED STATES Guam Crane Services of Yigo has assumed responsibilities as an authorised distributor in the US territory of Guam for the lines of Clark Material Handling Co.
Clark announced the... [more]
JCB celebrates production milestone
- Rocester, United Kingdom
TMHE customers conduct tests
- Mjölby, Sweden
Deutsche Messe grows sales network
- Hannover, Germany
RG Group acquires fluid distribution business
- Maple Shade, NJ, United States [more]
|Property shortage will add to supply chain costs|
UNITED KINGDOM The lack of speculative industrial property development in recent years has resulted in a shortage of quality and affordable warehouse and distribution space, says the United Kingdom Warehousing Association (UKWA)... [more]
Mitsubishi wins Red Dot
- Almere, the Netherlands
Toyota refreshes pallet truck
- Mjölby, Sweden
EnerSys introduces new line
- Reading, PA, United States [more]
|Movers & Shakers|
Seegrid Corp, Toyota Material Handling UK, Nissan Forklift Corp [more]
|Publish your brief here|
|Rental & Used Equipment Conference|
When properly managed, used and rental equipment can be a great pocket of business. Join MHEDA September 13-14 at the Crowne Plaza Chicago O’Hare for the Rental & Used Equipment Conference.
Learn best practices and strategies to maximize the profitability of a dealer’s used and rental equipment departments.
Topics include: rental financial drivers and models; best rental operational practices; asset management; marketing and selling used equipment and more.
Plus, enjoy learning from your industry peers during networking events such as meals and roundtables.
Only $649 per person (special members rate). You won’t find this kind of material handling industry specific anywhere else - so register today!