Wayne Walley

After two years of rapid post-pandemic revenue growth in 2021 and 2022, the equipment rental industry is expected to settle into a steady pattern of single digit increases over the next four years according to the latest American Rental Association (ARA) forecast released in early November. The forecast calls for equipment rental revenue — which includes the construction and industrial as well as the general tool segments — to increase by 3.4 percent in 2023 to nearly $57.7 billion after...

United Rentals, Stamford, Conn., the world’s largest equipment rental provider, is celebrating a milestone anniversary this year: 25 years in business, serving customers and communities across North America, and within the last five years, globally. Through acquisitions, organic growth and strategic mergers, United Rentals currently has 1,331 rental locations in North America, 13 in Europe, 28 in Australia and 18 in New Zealand. United Rentals operates in 49 states and every Canadian...

The American Rental Association (ARA) has updated its popular Professional Driver Education Program (PDEP) online certificate program designed for equipment rental drivers. Participants will work through three modules that allow them to experience “a day in the life of a professional driver” and focuses on all aspects of the driving and delivery processes for an equipment rental store. “PDEP is one of our most popular programs, but it also was one of the most dated in terms of the...

The exact number of companies that offer equipment and event rental-specific software changes as companies enter and exit the market, but today there are more than 30 companies to choose from. To help readers navigate through the variety of options when it comes to equipment and event rental-specific software, Rental Management this month launches the Rental Software Series, which will provide profiles of software suppliers on a regular basis. This month, we profile two of the leading...

As the calendar moved into 2020, many event rental operators were extremely confident after a very positive 2019. No one expected that practically overnight in March, the coronavirus (COVID-19) pandemic would result in lockdowns and mass event cancelations. Losing 90 percent of an event rental comp…

Even with supply chain issues and labor shortages, U.S. equipment rental revenue, including both construction and general tool, is expected to grow by 11.1 percent to reach nearly $56 billion in 2022, according to the latest quarterly forecast released by the American Rental Association (ARA) in mid-April. Construction equipment rental is leading the way, with 13 percent growth this year to total $41.7 billion in revenue following a 10.2 percent increase in 2021. General tool in 2022 is...

The equipment rental industry is growing at a fast clip and total revenue, according to the American Rental Association (ARA), will nearly surpass $60 billion in 2025. The event rental industry rebounded in 2021 and is continuing to grow at a rapid pace already in 2022 as many companies are experie…

Steve Mau Brainerd General Rental, Baxter, Minn. American Rental Association (ARA) general members have approved Steve Mau as the new president-elect for the association. Mau is president and owner, Brainerd General Rental, Baxter, Minn. He most recently served as chair of the Equipment Rental Sha…

Scott Irwin, president, Delux Rental, Ypsilanti, Mich., will become the American Rental Association’s (ARA) 60th president in March. Irwin is the second-generation owner of the business founded by his father, William (Bill) Irwin, and his mother, Donna Irwin, in 1966. He and his wife, Sue, purchase…

Providers of equipment and event rental-specific software have seen a distinct change in the mindset of their customers when it comes to technology. As demand for contactless transactions and online ordering exploded due to the coronavirus (COVID-19) pandemic, many rental operators learned more about what rental-specific software could do. The result is that rental-specific software is being viewed as a necessity and software suppliers say their customers today are much more open to...

For the ninth consecutive year in the September issue, Rental Management presents our “12 to watch under 40” cover story featuring a group of young professionals under the age of 40 who have become active participants in managing and running rental businesses as well as participating in industry activities at the local, state and national level. This year’s 12 selections include a cross section of professionals across the U.S. as well as one from Canada, working in construction, general...

Providers of equipment and event rental-specific software have seen a distinct change in the mindset of their customers when it comes to technology. As demand for contactless transactions and online ordering exploded due to the coronavirus (COVID-19) pandemic, many rental operators learned more abou…

When John Jeanguenat, 37, moved back to Chicago from Indianapolis, he and his wife had a two-year-old daughter and were expecting twins, so they wanted to be closer to family. As an added bonus, he found a new career in the equipment rental industry, becoming president of RentalMax, Carol Stream, Il…

Meagan Priest, 35, wanted a career where she would be helping people, so she initially turned to social work. After she became “burnt out,” she took a break, working in the food and beverage industry for a few years. “I realized I needed to find a forever career. My aunt had done some work with Cha…