Lifting and material handling equipment sales show steady, but lower pricing through the first three quarters of 2020 according to the Decmeber Richie Bros. Used Equipment Market Trends Summary, available here. Looking at three year trends, from 2017 - 2020, and model years of 2010 and newer, Richie Bros. shows the following sales data for Boom [...]
Rental rates have held up better than expected, with rental rate data holding strong through November 15th, according to research from M Science, as shared on For Construction Pros. M Science tracks general rental rates for over 600 equipment SKUs at over 1,000 United Rentals’, Sunbelt Rentals’, and Herc Rentals’ branch locations to understand how rental [...]
Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Dallas-Plano-Irving, Texas and Walla Walla, Wash. Lead in Construction Job Increases According to the Associated General Contractors of America, Only 30 percent of the nation’s metro areas added construction jobs in the past year, according to an analysis of new government data that the Associated [...]
Demand For Most Types of Nonresidential Projects Remains Flat Amid COVID-Uncertainty, Dwindling State and Local Budgets and the Lack of New Federal Coronavirus Relief Measures, Putting Jobs at Risk The construction industry’s fortunes continued to diverge in October, as residential construction expanded again while nonresidential construction remained largely unchanged from a month ago and is down [...]
Lifts for Artists, created by IronTek Solutions, was designed to provide artists with affordable equipment rentals that are needed for the installation of art projects. The program allows visual and performing artists, and the organizations that hire them to receive deeply discounted rental rates during the production of local art. From murals and sculptures to local [...]
The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 billion in the United States. However, the latest forecast released by the association on Nov. 12 calls for modest overall growth in 2021, ticking up 0.3 percent to $48.9 billion, before [...]
Fleet Up Marketplace is our used equipment platform of choice, but that doesn't mean it's the only choice. In fact, there are more options than ever before, making the buying decision a bit tough. When we meet with prospective clients who aren't already using Fleet Up Marketplace, we get asked about a few different marketplaces, and [...]
NEW JERSEY – August 7, 2020 – The Dodge Momentum Index moved 3.4% higher in July to 124.7 (2000=1000) from the revised June reading of 120.5. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to [...]
Construction jobs rebounded by 464,000 jobs in May but unemployment is the highest since 2012, according to a survey released June 5 by the Associated General Contractors of America. Even with May's bump in construction jobs, the industry has suffered a cumulative loss over three months of 596,000 jobs. You can read the survey questions and [...]
Fleet Up welcomed Big L Rentals and Sales this week. Located in Garden City, Kansas, roughly midway between Wichita, Kansas and Colorado Springs, Colorado, Big L Rental and Sales has been in business since 1996. We spoke with General Manager Ben Blood, a Garden City native who offers this insight into Big L and Garden City: [...]
