Penton’s Rental Equipment Register Releases 2008 “RER 100” Listing of Industry’s Largest Companies
6/3/2008
NEW YORK (June 3, 2008) - Penton Media's Rental Equipment Register, a leading information source for the rental industry, today announced the release of its annual "RER 100" listing of the largest companies in the industry. United Rentals, headquartered in Greenwich, Conn., again led the list with $2.63 billion in rental volume from 670 locations. The company has ranked first on the list each year since 1999. For more information on the RER 100, visit
www.rermag.com.
The RER 100 companies combined for a total of $13.85 billion in rental revenues in 2007, a 4.3 percent increase over last year's rental volume. While 68 percent of the RER 100 posted year-over-year revenue gains, these increases tended to be smaller than in the previous three years.
"Despite pressures in the economy, 2007 was a growth year for the RER 100. Challenges were particularly strong in the earthmoving sector due to the weakness in housing construction, and companies with more diversified rental fleets tended to be more successful," said Michael Roth, RER editor. "Most RER 100 executives expect even weaker conditions in 2008, and will be counting on the skills of their management teams to navigate this difficult economic environment."
RER has been publishing the RER 100 listing of the top 100 rental companies in North America, based on rental volume, since 1984.
RER has covered the equipment rental industry since 1957, providing its readers with news, features and product information. For additional RER 100 and publication information, visit www.rermag.com, or contact editor Michael Roth at (310) 230-7177 or mroth@rermag.com.
For information on advertising and integrated marketing opportunities, please contact Rental Equipment Register publisher David Miller at (312) 840-8487 or david.miller@penton.com.
Penton Media, Inc. is the largest independent business-to-business media company in the U.S., serving more than six million business professionals every month. The company's market-leading brands are focused on 30 industries and include 113 trade magazines, 145 Web sites, 150 industry trade shows and conferences, and more than 500 information data products. Headquartered in New York City, the privately held company is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and its co-investors. For additional information on the company and its businesses, visit www.penton.com.
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