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Tony Callaio - In 1938, oil was discovered in Saudi Arabia, Howard Hughes set a new record by completing a 91-hour airplane flight around the world, and Nick Manganaro, of Pittston, began a 77-year career at Medico Electric Motor Company that continues today at Medico Industries, Inc.At 90, Nick still do...
Equipment Rental Industry Showing Strong Future Growth
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CEG - The equipment rental industry in the United States is expected to show significant growth of 7.3 percent in 2014 to reach $35.7 billion, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor.The revised figures, compiled by IHS, forme...
Dubai to Build World’s Biggest Shopping Center
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Adam Schreck - DUBAI, United Arab Emirates (AP) The shopping-loving city that is home to one of the world’s largest shopping malls wants to build one even bigger. Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World that ...
North American Rental Revenue to Reach $41 Billion in 2014
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CEG - According to the American Rental Association’s (ARA) latest information from the ARA Rental Market Monitor, the North American equipment rental industry posted another impressive year of growth in 2013. Overall North American rental revenue came in at $38 billion with U.S revenues accountin...
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CEG - Total equipment rental revenue in North America for 2013 is expected to reach $38.0 billion, according to the latest figures released by the American Rental Association (ARA) from its ARA Rental Market Monitor service updated in late October. This figure represents a 6.2 percent increase over 201...
Rental Revenue Outpaces Economy
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CEG - The equipment rental industry in the United States continues to outpace gross domestic product (GDP) in the U.S. by four times in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor. Revenues will reach $33.5 billion in revenue, repr...
Equipment Rental Revenue to Top $38B in 2013
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CEG - The equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor updated in May. This figure represents a 7.3 percent increase over 2012 with r...
Dubai Back in Mega-Project Mood After Fiscal Dive
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Brian Murphy - ASSOCIATED PRESS - DUBAI, United Arab Emirates (AP) Dubai is suddenly rediscovering its old habits. That means relentless hype and construction plans loaded with superlatives. Case in point: A proposed Taj Mahal replica four times bigger than the original. Leaders, too, are back swaggering with a mojo...
Atlas Copco’s Service Division Now Operational
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CEG - In mid-2011 Atlas Copco announced the creation of a dedicated service division for its newly formed construction technique business unit. At ARA/The Rental Show in New Orleans, the company announced that the new division became operational as of Jan. 1, 2012, and supplied more details about the s...
Saudi Moves Forward on World’s Tallest Tower
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CEG - RIYADH, Saudi Arabia (AP) The investment firm headed by Saudi billionaire Prince Alwaleed bin Talal said Aug. 2 it signed a deal with the Saudi Binladen Group to build the world’s tallest tower. Kingdom Holding Co. said the more than 3,280 ft. (1,000 m) high Kingdom Tower, to be buil...