Hire and Rental News - May 2012

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NEWS IN BRIEF
10 | HIREANDRENTALNEWS | MAY 2012
INDUSTRY NEWS
ARA - RENTAL
MANAGEMENT MAGAZINE
The online version of the American
Rental Association publication - Rental
Management - can be viewed by
visiting: http://digital.spiweb.com/
emags/NM_ara/2012/FEB/files/2.html
FIRE ANTS UPDATE
Despite the Queensland floods, the
HRIA advises fire ants are still causing
problems. The national office said
authorities appear to be winning the
battle but movement controls must stay
in place for longer. For members who
may be affected by movement controls,
details are available at:
www.dpi.qld.gov.au/4790_7502.htm or
www.biosecurity.qld.gov.au
ECO EXPO ASIA
Eco Expo Asia environmental protection
fair in Asia which, jointly organised by
Messe Frankfurt (HK) and the Hong
Kong Trade Development Council, will
be held at AsiaWorld-Expo, Hong Kong,
from October 27 - 30, 2012.
The Chinese government regards the
environmental protection market as one
of the pillar industries in its 12th Five-
Year Plan. Total investment is estimated
to be over USD 473 billion. The Hong
Kong government is launching Building
Energy Efficiency Legislation to
reduce greenhouse gas emissions by
between 19-30 percent. Furthermore, a
USD37.5 million funding scheme is to
be implemented to promote the use of
electric vehicles. For more information
visit www.ecoexpoasia.com or email:
ecoexpo@hongkong.messefrankfurt.
com or exhibitions@hktdc.org
The latest data from the
American Rental Association
(ARA) has shown the equipment
rental industry in North America
outperformed the industries it
served in 2011 and it expects
the momentum to carry into
2012 and beyond.
The ARA expects overall
North American equipment
rental industry revenue to
increase at least 6.9% in 2012 to
total $33.5 billion at year end,
based on figures compiled by
IHS Global Insight, economic
forecasting firm and a partner
in providing data and analyses
for the ARA Rental Market
Monitor subscription service for
ARA members.
According to the data, the
equipment rental industry’s
forecasted revenue growth
in 2012 is more than three
times the 2% growth in gross
domestic product (GDP) forecast
for the United States in 2012.
The forecasted rental
revenue total includes the
three segments of the industry
- construction and industrial,
general tool, and party and
event - in the US and Canada.
The ARA Rental Market Monitor
current five-year forecast calls
for continued annual growth in
rental revenue to reach a total
of $53.1 billion by 2016 in North
America.
ARA and Rental Management
magazine make a significant
investment each year to
Rental revenue on the upswing in US
fund the ARA Rental Market
Monitor, which provides the
industry’s most extensive and
accurate equipment rental-
specific research conducted by
IHS Global Insight based on
economic census data, timely
industry surveys and proprietary
econometric modeling.
“While some of the expected
rental revenue growth in
2012 will come from increased
demand as the construction
industry recovers, the benefits
of renting equipment have
been magnified in today’s
marketplace, resulting in
more attention and more
customers adopting the rental
concept to meet their needs
for equipment,” Christine
Wehrman, ARA’s executive vice
president and CEO said.
“Many equipment rental
companies, including United
Rentals, Greenwich, Conn,
the world’s largest equipment
rental company, say they are
seeing a “secular shift” in
North America as customers
- including contractors,
construction businesses and
homeowners - recognise the
advantages of the fixed cost
of renting, which also covers
maintenance, storage, delivery
and more,” Christine said.
“As a result of discovering
the many benefits of renting
equipment, ARA anticipates this
growth in rental to continue.
“It is our time, as an industry,
to help our customer base
succeed in their businesses. We
are the catalyst that enables
economic growth and allows
businesses to recover, employ
people and strengthen the
economy,” Christine said.
For more information, visit:
www.ARArental.org and
www.TheRentalShow.com HR
The police are now involved
in investigating Hoecker
Engineered Building Systems
and its business practices, but
the HRIA warns any member
dealing with Hoecker type
marquees to check before
buying that you are dealing
with reliable companies.
According to the HRIA, an
Hoecker Engineered Building
Systems - warning
easy way is to get the ABN of
the company and enter it into
the www.asic.gov.au search
site, or phone the HRIA office.
To report a problem about
Dennis Reading and Hoecker
Engineered Building Systems
contact: Snr Constable Kim
Ensinger, ph: 07 3308 8100.
Quote CRN: QP1101080886. HR