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Equipment rental industry remains resilient

Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to grow by 7.1 percent in 2024 to reach a record total of nearly $76.6 billion, topping the nearly $71.5 billion recorded in 2023, according to the latest forecast released in early November by the American Rental Association (ARA).

Work to make yourself obsolete

I have often written that as a leader, you should constantly try to get yourself fired. What I mean by that is that if you find people or add people in your organization to take things off of your plate that they can do better, you will be able to work “on your business” instead of “in your business.” This might involve hiring more people or adding cross-functional support.

A Career Development Month plan of action

Each month is earmarked for special awareness of one topic or another. Some — like National Ice Cream Month in July — are just for fun while others are more serious. November contains one of these that I think — and I’m sure I speak for most in our industry on this — really matters to our businesses: National Career Development Month.

Electrified equipment and battery energy storage systems

Many are discovering that diesel generators combined with battery energy storage systems (BESS) can help reduce an organization’s carbon footprint by lowering construction fuel needs and emissions. The right generator and BESS combination can provide enormous environmental and economic benefits, making a construction project more sustainable while lowering noise pollution. Paralleling generators to create micro-grids can also optimize runtime efficiency for the project. Read more here.