At its 12th annual meeting, held at The Rental Show 2014 in Orlando, FL, the Global Rental Alliance (GRA) released the 2012 combined rental revenue figure among the GRA associations representing $US 73 Billion.
Construction and industrial equipment rentals continued to produce the largest share of 2013 rental revenues of any U.S. segment with $22.3 billion followed by the general tool segment at $8.5 billion.
The equipment rental industry forecast in the U.S. calls for 8.4 percent growth in 2014, led by a projected growth of 9.1 percent in the construction equipment rental sector as noted by the American Rental Association (ARA).
For the second year in a row, The Rental Show has sold out exhibit space. More than 675 exhibitors have signed up for the Orlando event, to be held Feb. 9-12, 2014 at the Orange County Convention Center.
Two rental industry veterans will become the newest inductees into the Rental Hall of Fame next February. The late T. Charles (Charlie) McCourt and John (Jack) Greenfield will be formally inducted on Feb. 10.
The American Rental Association (ARA), in conjunction with several other business organizations, has been focusing on two provisions within the Affordable Care Act (ACA) that could significantly impact small businesses.
Candidates for the American Rental Association (ARA) board elections have been selected. Ballots will be mailed to the designated voting representatives of all ARA members in mid-July and be due on Sept. 4.
Attendance at The Rental Show was up this year, marking the fourth straight year of increased attendance growth. According to the American Rental Association, the total number of attendees was 5,365 from 2,480 rental businesses.
When the ARA Foundation board of trustees met recently at the American Rental Association (ARA) headquarters in Moline, IL, it unanimously voted to donate a total of $6,000 — $3,000 each — to the American Red Cross and the Salvation Army.
According to the latest American Rental Association (ARA) forecast from the ARA Rental Market Monitor updated last week, industry revenue will grow another 7.6 percent to reach $33.5 billion next year.