Number of years Point-of-Rental™ Systems, Grand Prairie, Texas, has been in existence. Celebrating its 30th anniversary this year, the company started in 1983 as a division of Overland Rentals, an equipment rental store opened a year earlier by former NASA software engineers that ventured into entrepreneurship. Shortly after opening the store, it became clear to them that rental management software would dramatically improve productivity. Noting that many of the computer languages used at NASA could be used for writing rental software, Point-of-Rental™ Software became a reality. Bob Shaffer, a company founder who is now retired, said, “The first edition of Point-of-Rental™ Software printed rental/sale contracts, controlled inventory, stored reservations and maintained accounts receivable. It was a huge improvement over doing everything manually, but, it was nothing compared to the current version, which is a 100 percent Microsoft Windows® Server product with features and options such as dispatching using GPS, integrated credit card processing, dashboards, purchase orders and integrated website hosting.”
Percentage increase in global prices implemented for 2013 by Cummins Power Generation, Minneapolis, a division of Cummins, for most of its diesel- and gas-fueled generators sets, automatic transfer switches and other products.
Increase in orderly liquidation values (OLV) for used equipment across the 14 major rental equipment categories tracked by Rouse Asset Services, Beverly Hills, Calif., for the month ending Nov. 30, 2012, compared to October values. Seven out of 14 category indices recorded one-month value increases ranging from 0.3 percent for telescopic boom aerial work platforms and hi-reach forklifts to 1.8 percent
for rolling compaction equipment, as reported in the December 2012 issue of the Rouse Rental Report newsletter. You can receive the free newsletter by visiting rouseservices.com, clicking on “Newsletter” and completing the subscription form.
Estimated value of used equipment sold by Ritchie Bros. Auctioneers, Vancouver, British Columbia, Canada, at 328 unreserved auctions around the world in 2012. This represents a 5 percent increase in gross auction proceeds over 2011 and the highest gross auction proceeds in company history.
Value of a federal contract won by Hertz Equipment Rental Corp., Park Ridge, N.J., from the U.S. Naval Facilities Engineering Command, Norfolk, Va., for the annual lease and maintenance of material handling equipment at Norfolk Naval Shipyard in Portsmouth, Va.
Number of square feet in a new space Gold Medal Products, Cincinnati, has added across from its current world headquarters. The space is currently being used for warehousing, but will ultimately serve as manufacturing and storage space as part of the company’s expansion plans. Gold Medal says it continues to look toward the future and worldwide expansion by aggressively pursuing new opportunities that not only fit within existing product lines and current distribution channels, but that also expand the overall scope of its market share, including new product lines.
Value of toys collected by L.M. Temperature Control (LMTC), Mississauga, Ontario, Canada, a company that sells climate-control and power equipment, for its Salvation Army Christmas Food and Toy Drive. The company also collected more than 1,000 lbs. of food as the company encouraged suppliers and customers to help with the drive and matched all incoming donations, which were distributed to needy children and families in the Mississauga area. “We are thrilled with the results,” said Luis Salazar, president and owner of LMTC. “We are very happy that our efforts helped to make Christmas better for the over 5,000 families in need in our community. We are excited to continue our tradition of giving back to the community.”