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ARA quarterly forecast shows slower growth, resilient markets
November 13th, 2023
The ARA (American Rental Association) updated forecast indicates that the U.S. equipment rental industry’s growth will soften but still grow. Last quarter, the year-over-year growth was expected to be 7.6% in 2023 and 3.1% in 2024. The most current projections indicate 11.8% growth in 2023 totaling $71.5 billion in construction and general tool rental revenue. […]
ARA Rental Hall of Fame inductees announced
December 12th, 2022
Each year, the American Rental Association (ARA) honors individuals for outstanding service to the association and the rental industry. This year, two longtime rental industry leaders will become the newest inductees into the Rental Hall of Fame and will be honored at The ARA Show™ 2023 in Orlando, Fla. Doron Broadfoot, The Rent-It Store, Saskatoon, […]
ARA offers $132,500 in scholarships
December 7th, 2022
Those planning to attend school during the 2023-2024 academic year to pursue a rental-related career can apply for a share of $132,500 in scholarships through the ARA foundation and its affiliate partners. Scholarship applications are available now here. A total of 69 scholarships are up for grabs for students enrolling at trade schools, community colleges, undergraduate […]
ARA survey shows rental market stable
October 25th, 2022
Both equipment and event rental companies have reached a point of stability after almost three years of a pandemic-induced roller coaster ride, according to the latest quarterly economic impact survey conducted by the American Rental Association (ARA). In answer to the question “Would you say the situation for event rental is getting better, the same or […]
Webinar | Non-Engineered Ballasting Tool Overview and Demonstration presented by TRD & ARA
September 22nd, 2022
The question of how much ballast is necessary to safely secure a tent is one that tent rental companies have been struggling with for decades. While most newer tents are certified by engineers to require a set amount of ballast, there are still many – particularly older tents or tents that have been modified from […]
Event rental industry legend Bick Jones retires
June 21st, 2022
After 36 years of serving the event rental industry, Bick Jones, whose latest adventure in the event rental arena was serving as general manager of CommuniLux in Dallas, Texas, a subsidiary of InProduction, Chicago, Ill., decided to retire May 6, 2022. “I have tried to retire three times, but none of them lasted. I love the […]
ARA pushes for restoration of Employee Retention Tax Credit
February 17th, 2022
The American Rental Association (ARA) has joined 70 other organizations in supporting the legislation introduced in the U.S. Senate to restore the Employee Retention Tax Credit (ERTC). The bipartisan Senate bill (S. 3625) was introduced by Senators Maggie Hassan (D-N.H.), Tim Scott (R-S.C.), Mark Warner (D-Va.), Shelly Moore Capito (R-W.Va.) and Ben Cardin (D-Md.). “The […]