7
JULY-AUGUST 2013
ACCESS, LIFT & HANDLERS
NEWS
Percentage change
in the
ALH
Share Index
-3.74%
BY THE NUMBERS
Volvo Rents
to be sold by
parent co.?
Bloomberg News
has reported
that Volvo is considering the
sale of its North American
equipment rental business,
Volvo Rents, citing two people
who were familiar with the
potential sale.
A Volvo AB spokesperson told
sister publication International
Rental News that the company
does not comment on media
speculation. Senior managers at
Volvo Rents were unavailable for
comment.
Volvo Rents, which has 130
owned and franchised locations
in North America, was originally
launched by Volvo Construction
Equipment but since April 2011
has been operating as a stand-
alone subsidiary of Volvo AB.
According to the report, the
business could be valued in the
$1 billion to $1.5 billion range.
From left to right: Richard
Hoffelmeyer (VP of Engineering
– Xtreme Mfg); Mike Coleman
(Southern California Regional
Sales Manager – Xtreme Mfg);
Dave Siefert (Sales Rep - Ahern
Rentals/Xtreme Mfg primary
dealer); Lee Kramer (President
– Xtreme Mfg); Don Ahern (CEO/
Owner Ahern Rentals and Xtreme
Mfg); Rusty Lucido (Foundation
Manager – SFI); Anthony Lucido
(Foundation Superintendent –
SFI); Frank Prosser (Foundation
Superintendent – SFI) and Joe
Ontiveros (Senior Safety Manager
– SFI).
Xtreme XR4030 tele
goes to work in SoCal
Xtreme Manufacturing and Ahern
Rentals recently handed over the
keys of one of Xtreme’s largest
telehandlers – the XR4030 – to
SFI Joint Venture (Shimmick/FCC/
Impregilo) for work on the Gerald
Desmond Bridge Replacement
Project at the Port of Long Beach in
California.
The 40,000-pound capacity
XR4030 will be used for a number
of tasks on the $1 billion, 5-year
bridge project which starts this
year. The unit features a lift height
of 30 feet, forward reach of 16
feet, 4 inches and weighs in at
63,000 pounds. Foam-filled tires
come standard and a Perkins 173
hp engine powers it all.
According to authorities,
the Gerald Desmond Bridge is
accountable for trucking 15 percent
of the nation’s waterborne cargo
across the bridge. “It is a critical
access route for the Port of Long
Beach, downtown Long Beach and
surrounding communities,” a press
release stated.
The new 205-foot tall bridge will
improve traffic flow by creating
three lanes in each direction and
also provide emergency lanes on
both the inner and outer shoulders
in each direction to reduce traffic
delays and safety hazards from
accidents and vehicle breakdowns.
There will also be a reduction
in the bridge’s steep grades to
improve traffic. Both bicycle and
pedestrian paths will also be
added, along with three “scenic
overlooks.”
Ahern Rentals confirms
final exit from Chapter 11
Ahern Rentals officially exited the
Chapter 11 process on June 24
following the bankruptcy court’s
acceptance of its restructuring plan
on June 6.
The company, one of the largest
independent rental firms in North
America, filed for Chapter 11
protection in December 2011.
Don Ahern and his brother,
John Paul Ahern Jr., retain 100
percent of the capital stock in the
company. Under the restructuring
plan, “second lein” debt holders
– those second in line to receive
debt repayments – will be paid
the face value of their loans plus
interest due up to the start of the
Chapter 11 process, while other
creditors will get 100 percent of
their allowed claims.
“We thank our customers and our
employees, suppliers and business
partners, whose loyalty during this
process has been instrumental in
our continued financial success
and our success in emerging from
bankruptcy,” said Don Ahern,
president and CEO.
12%
INCREASE
The Standard & Poor’s Case-Shiller
home price index which showed a 12
percent increase in prices in 20 cities
from April 2012 to April 2013, the
largest gain since early 2006, when
home values began to level off in
advance of the market collapse.
Total number
of exhibitors
expected at this
year’s ICUEE
show, Oct. 1-3
in Louisville, KY.
SOLD
FOR MORE
8
0
0
New construction starts at a
seasonally adjusted annual rate in
May advanced 5 percent from the
previous month, according to McGraw
Hill Construction, a division of McGraw
Hill Financial.
$495.7
BILLION
ALH
SHARE INDEX:
JULY 2013
SHARE PRICE
COMPANY
May 7
July 3 % change
Ashtead Group
UK£
5.83
6.72
15.27
H&E Equipment
US$
21.13
21.55
2.04
Haulotte Group
France
€
6.38
6.69
4.86
Manitex
US$
11.20
10.26
-8.39
Oshkosh Corp
US$
39.18
38.31
-2.22
Tanfield Group
UK£
0.22
0.20
-9.09
Terex Corp
US$
31.25
27.70
-8.39
United Rentals
US$
56.64
49.99
-11.74
SHARE INDEX
271.45
263.35
-3.74
