The brand new RER 100, covering 2001 North American rental volume topped $9 billion for a total of $9.41 billion, a seven percent increase from last year, despite overall flat economic conditions. The 7 percent increase from last year's total of $8.79 billion was down from the previous two years increases of 25 and 59 percent respectively. The industry's top 10 grossed about $6.9 billion, up 6 percent year over year, after jumps of 55, 36, 56 and 32 percent the previous four years.
Once again United Rentals topped all rental companies with $2.2 billion in rental volume and $2.9 billion in total volume. Rental Service Corp. also topped a billion with an estimated $1.2 billion in rental revenue and nearly $1.5 billion in total volume. The rest of the top 10 included Hertz Equipment Rental Corp., National Equipment Services (combined revenues of NES and recently acquired Brambles), Sunbelt Rentals, NationsRent (approximate revenue given prior to the announcement of its year-end results), Maxim Crane Works, Aggreko, Neff Rentals and ICM Equipment/Head & Engquist.
Caterpillar dealers were once again a major presence with 22 listed on the RER 100, totaling $658.1 million in total volume.
The RER 100 is compiled annually by the RER editorial staff and lists reported and estimated rental volumes for 100 of the industry's largest rental companies. The complete list will appear in the May issue of RER magazine.