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August 2016 news archive

Pending home sales hit second highest point in decade
Pending home sales increased in July up to the highest reading in over a decade, according to the latest report from the National Association of Realtors.

Ritchie Bros. and Caterpillar Inc. announce strategic alliance
Ritchie Bros. to become preferred provider to Caterpillar and participating dealers for Cat equipment upon closing of Ritchie Bros.' acquisition of IronPlanet; strategic relationship to accelerate Caterpillar's IoT connectivity offerings for used equipment owners.

All J.D. North America portable generators recalled
The fuel tank can leak, posing explosion, fire and burn hazards.

Briggs Equipment, Inc. joins Manitou’s dealer network
Briggs Equipment will partner with Manitou to sell the heavy-capacity telescopic handlers and rotating telescopic handlers at its locations in Alabama, Florida, Georgia, Lousiana and Texas.

New home sales jump 12.4 percent in July 
Monthly sales rate trends a whopping 31.3 percent over July 2015.

Durante Rentals makes the Inc. 5000 List of America’s Fastest-Growing U.S. Companies for fourth straight year
Durante Rentals, LLC has once again been named to Inc. Magazine’s exclusive list of 5000 of America’s fastest-growing private companies – The Inc. 5000.

ELFA monthly leasing and finance index falls
July new business volume down 17 percent year-over-year; 30 percent month-to-month and eight percent year-to-date. What does this mean?

Takeuchi-US announces new product and training manager
Takeuchi-US has announced it has appointed Michael Shebetka to the position of product and training manager. The move follows the promotion of David Caldwell to national product manager.

Herc Holdings reports 2Q and first-half 2016 results
Herc Holdings Inc. reported financial results for the quarter ended June 30, 2016. Total revenues in the second quarter of 2016 were $380.4 million compared with $422.7 million in the same period in 2015, a decline of $42.3 million or 10 percent.

Upcoming ANSI/CSA standards will bring big changes for aerial work platform
Bob Bartley, senior director of product support and reconditioning at Genie Lift explains the sweeping changes coming to aerial work platforms in the coming year.

So long, Riviera Casino and Hotel
The last tower of the iconic Riviera Hotel and Casino was reduced to rubble during an overnight implosion on the Las Vegas Strip August 15, 2016. Watch the video of it coming down...

ALL Promotes Richard McDermott to national service manager
The All Family of Companies is pleased to announce the promotion of Richard “Dick” McDermott to national service manager. McDermott is based in Chicago, Illinois, where All operates as Central Contractors Service.

Kohler portable generator recall
Select models of Kohler generators have a wiring error, which can result in an electrical shock risk if an electrical device is plugged into the generator.

Equipment rental revenue set to top $57 billion in 2020
The latest five-year forecast for the equipment rental industry released by the American Rental Association (ARA) projects a compound annual growth rate in revenue of 4.9 percent to reach $57.3 billion in the United States in 2020.

Terex 2016 second quarter financial results 
Terex Corporation announced second quarter 2016 income from continuing operations of $109.6 million, or $1.00 per share, on net sales of $1.3 billion.

July U.S employment statistics released
Payroll employment increases by 255,000 in July; unemployment rate unchanged at 4.9 percent.

Share your Genie lift story
Terex AWP Genie site will highlight stories of collaboration and partnerships in the last 50 years

In celebration of five decades of “Building the Future” together, Terex Aerial Work Platforms (AWP) invites customers, team members and industry influencers to share their stories of working with the Genie equipment.

Point of Rental Software’s 2016 International Innovation Contest entries due Sept. 7, 2016
Point of Rental announces it new contest and award, the 2016 International Innovation Award, which will be announced at its International Conference October 10-12, 2016  in downtown Dallas,

Driverless construction equipment becoming a reality
Imagine walking onto a construction site to find a fleet of bulldozers, graders, and excavators doing site prep without any operators behind the controls. Upon closer inspection, you notice some of the equipment is cab-less with no manual controls.Find out what leading equipment companies are developing to achieve this.

Long-Term Construction Equipment Rental Market Forecast Positive
The construction equipment rental market is expected to reach USD 84.60 billion by 2022, according to a recent analysis conducted by Grand View Research, Inc. 

Four Ways to Survive the Federal Overtime Mandate
With the new federal overtime mandate set to go into effect on Dec. 1, 2016, companies will be required to pay many employees for their work outside of regular office hours.

Improved Injury Tracking Required by OSHA
Under a new OSHA rule, employers will soon be required to electronically submit certain records of workplace injuries, some of which will be posted to the OSHA website. 
Learn about coming deadlines and procedures.

June construction spending declined
Construction spending during June 2016 was estimated at a seasonally adjusted annual rate of $1,133.5 billion, 0.6 percent below the revised May estimate of $1,140.9 billion.

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