Did you notice this change in the World?

Did you notice this change in the World? More and more people (and companies) strive to have equipment ‘available’ instead of ‘own’ the equipment. And for good reasons: always the latest model, no space required when the equipment is not used, no maintenance, no insurance, no entry on your assets,  etc. As a result, equipment […]

Caterpillar Revenues Tumble 6 Percent in Third Quarter

Caterpillar announced third quarter 2019 sales and revenues of $12.8 billion, a 6-percent decrease compared with $13.5 billion in the third quarter of 2018. Third quarter 2019 profit per share was $2.66, compared with $2.88 profit per share in the third quarter of 2018. The primary driver of the decline in sales and revenues was […]

ARA Forecasts Rental Revenue to Top $71 Billion in 2023

The new five-year forecast from the American Rental Association, updated in August, calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada.   The latest forecast is ARA’s first to project rental revenue for 2023. The current […]