Rental industry fleet utilization down 10%
Equipment rental companies Herc Rentals, Ryder System and United Rentals saw rental fleet utilization rates decline in the second quarter...
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Rentals
Hyster-Yale Americas shipments rise 32% YoY as backlog eases
Material-handling manufacturer Hyster-Yale increased second-quarter shipments to the Americas as product backlogs eased. Shipments grew 31.7% year over year in...
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H&E Equipment Services rental revenue up 29% YoY
Strong demand and fleet productivity bolstered H&E Equipment Services’ rental revenue in the second quarter. The equipment rental company’s rental...
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Lift values mixed amid rental industry acceleration
Values for used lifts were mixed in June as the material handling industry gained traction behind increasing rental activity. Asking...
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NY commercial finance requirements pared back
Commercial lenders will face less stringent disclosure requirements after New York’s Commercial Finance Disclosure Law takes effect Aug. 1 thanks...
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Lenders tap into AgTech leasing opportunities
Agricultural product financiers are turning to leasing as higher interest rates affect equipment financing across the agriculture industry. “With the...
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Titan Machinery equipment revenue up 21% YoY
Titan Machinery’s equipment revenue increased in the first quarter of fiscal year 2024 due to recent acquisitions and consumer demand. ...
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Equipment industry steadfast amid economic uncertainty
Equipment industry executives are bullish on the state of the industry and its prospects despite uncertainty in the economy caused...
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