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ARA releases equipment and event rental revenue forecast
December 8th, 2020
The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 billion in the United States. The latest forecast released by the association on Nov. 12, 2020, calls for modest overall growth in 2021, ticking up 0.3 percent to $48.9 billion, […]
Change in ARA Insurance leadership
January 23rd, 2020
Phil Kelling, president and CEO of American Rental Association (ARA) Insurance, located in Kansas City, Mo., has announced his plan to retire effective Feb. 29, 2020. John Kennedy, CPA, CPL and current ARA Insurance CFO, who joined ARA Insurance in 2017, will assume the role following Kelling’s departure. Kelling has been with ARA Insurance since […]
Equipment rental revenue grows
April 24th, 2019
The latest five-year forecast from the American Rental Association (ARA) calls for equipment and event rental revenues in North America to surpass $61.5 billion in 2019, including $55.8 billion in the United States and $5.7 billion in Canada, up 5.3 percent compared to 2018. Similar steady growth is expected in each of the successive years […]
ARA awards outstanding service
December 31st, 2018
The American Rental Association (ARA) presented its annual awards to individuals for outstanding service to the association and the rental industry. Frederick Dupy, president of American Party Rental in Austin, Texas, was honored with the the Distinguished Service Award; Leon Kothmann, Leon Kothmann Insurance Agency, Arlington, Texas, received the Meritorious Service Award; Rick Long, president […]
Rental revenue to exceed $71 billion
December 24th, 2018
The American Rental Association (ARA) five-year forecast projects that equipment and event rental revenues in North America will surpass $71.7 billion in 2022, including $65.4 billion in the U.S. and $6.3 billion in Canada. The latest quarterly forecast again projects greater revenue gains than the previous forecast released in late May for each year from […]
ARA forecasts rental growth
October 3rd, 2018
For the second quarter in a row, the American Rental Association (ARA) is projecting larger increases in revenue almost across the board for the equipment and event rental industry than it did in the previous five-year forecast released in May. The July 2018 forecast calls for total U.S. rental revenue of $53.04 billion in 2018, […]
ARA partners with TechForce Foundation
April 26th, 2018
The American Rental Association (ARA), Moline, Ill., and TechForce Foundation, a Scottsdale, Ariz., are partnering to raise the profile of trade and technical careers. According to TechForce’s “Technician Demand Report,” 125,000 new entrant technicians in auto, diesel and collision will be needed annually over the next ten years. TechForce Foundation has introduced the FutureTech Success™ […]
Growth in equipment rental industry
March 16th, 2018
The American Rental Association (ARA) expects equipment rental industry revenue to grow, resulting in total revenue of $59.6 billion in 2021. Revenue in the U.S. is expected to grow 4.5 percent in 2018 to reach $51.5 billion, 5.6 percent in 2019, 5 percent in 2020 and 4.4 percent in 2021. In Canada, revenue is expected […]
ARA to honor member volunteers at The Rental Show
January 16th, 2017
The American Rental Association (ARA) recognizes individuals each year for outstanding service to the association and the rental industry. They will be honored at The Rental Show® 2017 in Orlando, Fla. Various awards will be presented including the 2016 Distinguished Service Award, the 2016 Meritorious Service Award, the 2016 Special Service Award and the 2016 […]
ARA battling natural disasters
September 22nd, 2016
The American Rental Association (ARA) Foundation has donated $6,000 to the American Red Cross for first-responder relief efforts for California’s voracious wildfires and West Virginia’s historic floods—and many ARA members showed up on the front lines. California wildfires scorched hundreds of homes, forced thousands to seek shelter and severely taxed the resilience of firefighters. ARA […]