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 [...]
VANCOUVER, BC, Oct. 29, 2020 /CNW/ – Ritchie Bros. Auctioneers (NYSE: RBA) (TSX: RBA) (“Ritchie Bros.” or the “Company”) and Rouse Services (“Rouse” or “Rouse Services”) today announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire Rouse Services for approximately $275 million. Completion of the acquisition is subject to customary closing [...]
Convincing someone shopping for construction equipment to call or email you remains a challenge for every rental yard. But, if done correctly, posting your equipment for sale online is a profitable way to bring revenue into your business. Selling construction equipment online is not new. But, it still can be confusing. Long gone are the days [...]
Equipment Leasing and Finance Index: Down year over year and for the year, Up month over month Washington, DC, October 23, 2020—The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed [...]
Construction Employment Down: California and Vermont Post Worst Losses since February as Virginia and South Dakota Add the Most;Illinois and Iowa Have Worst One-Month Job Losses, While New York and Vermont Post Biggest Gains Only eight states and the District of Columbia have recouped the severe pandemic-induced losses of construction jobs that occurred [...]
WASHINGTON (Oct. 14, 2020) – Common Ground Alliance (CGA), the national nonprofit trade association dedicated to protecting underground utility lines, people who dig near them and their communities, today announced the findings from its 2019 Damage Information Reporting Tool (DIRT) Report. The Report analyzed all 2019 data submitted voluntarily by facility operators, utility [...]
We're spending Prime Day searching Amazon and other websites for great deals on gear to help construction workers. Here are some Prime Day deals that can help you on the job site, in the shop or when you're selling used construction equipment. Jackery Explorer 1000 Portable Power Station - Save $100 on one [...]
The Dodge Momentum Index rose 3.7% in September to 130.8 (2000=100) from the revised August reading of 126.2. 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 lead construction spending for nonresidential [...]
2020 has been a wild ride for equipment rental yards - and there's a lot of conflicting information out there about what's going on. When the pandemic hit, some construction sites shut down completely, while other sites raced to get the job done. And as the summer hit, rental business soared across the [...]
