Business Services: Page 310

Ahern Rentals Announces Approval of DIP Financing

Ahern Rentals Inc. announced that on Friday, January 27, 2012, the United States Bankruptcy Court for the District of Nevada in Reno, Nevada approved the final Debtor-in-Possession (DIP) financing with approximately $66 million of availability.

CNH Global Q4 2011 Net Income Falls, Revenue Up

The company, whose brands include Case and New Holland, expects demand for farm equipment will be flat to up 5 percent in 2012 while demand for construction equipment will rise by between 15 percent and 20 percent.

Construction Equipment Dealers Optimistic about Year Ahead, GE Capital Survey Reveals

Survey results show 77% of respondents say the best time to increase inventory levels is first half of 2012.

Ritchie Bros. and CIM Set New Record at World of Concrete Charity Auction

The first auction, a charity event at World of Concrete on Wednesday, January 25th, generated US$558,000 for Concrete Industry Management's post secondary education program—a new record for the annual auction.

Hertz Clarifies 2012 Projected Revenue for Its Equipment Rental Business Unit

Hertz Global Holdings Inc. has clarified that the 9-10% worldwide revenue growth it predicted for its equipment rental business will be driven by an estimated 14% increase in its U.S. operations.

Subaru Announces 5-Year Warranty, a First in the Industry

Subaru Industrial Power Products

After leading the industry as the first to offer a 3-year warranty, Subaru is now backing its industrial engines with the industry’s first 5-year warranty.

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Altec Chippers Enter Consumer Rental Market Via Home Depot

Altec Industries

Altec Industries has announced a strategic partnership with Compact Power Equipment Centers to offer Altec chippers in Home Depot Tool Rental stores across the United States and Canada.

Ramirent Chooses Wynne Systems

Wynne Systems Inc.

Wynne Systems, an international provider of business intelligence software for the equipment rental industry, has announced that Finland-based Ramirent has chosen to implement the Wynne Systems suite of applications. Ramirent piloted Wynne’s RentalMan and InfoManager applications in 2011.

USGBC Approves NCCER Alternative Energy Course for Green Building Education

The National Center for Construction Education and Research (NCCER)

Course will help satisfy Credentialing Maintenance Program requirements from the Green Building Certification Institute

RSC Q4 Results Show Rental Volume Up 20.7% Year Over Year

Adjusted EBITDA margin was 38.9% for the fourth quarter, compared with 34.4% in 2010. The increase in profitability and margins primarily reflects continued volume growth, pricing growth and the company's ability to leverage and control its operating costs.

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Construction Equipment Sales Up 45% for Caterpillar

Caterpillar's total revenues for 2011 were $60.138 billion, up 41% from $42.588 billion in 2010.

AGC Releases Unit 1 of Lean Construction Education Program

Associated General Contractors of America (AGC)

Unit one is a half-day course introducing the concept of variation in Lean Construction

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