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Rental News: EPA revs up retrofit program, 2008 state-of-industry report released, and more
EPA revs up leased construction equipment retrofit program
The U.S. Environmental Protection Agency (EPA) has awarded the Northeast States for Coordinated Air Use Management (NESCAUM) a $400,000 grant to help retrofit construction equipment that is leased to construction projects throughout the Northeast. Placing emissions controls on this equipment slashes harmful pollutants from diesel engines, which can directly impact people’s health, including by bringing on asthma attacks. The check was presented to Paul J. Miller, NESCAUM deputy director by George Pavlou, EPA’s top local official, at a ceremony at H.O. Penn Machinery in the Bronx, a Caterpillar Equipment dealer with locations through the Northeast.
“Construction equipment is often leased, and getting rental facilities to put pollution controls on their equipment means cleaner air for communities everywhere the leased equipment is used,” said George Pavlou, Acting EPA Regional Administrator. “Grants like this one create jobs while making a healthier future for our children.”
NESCAUM, a clean air association of the eight Northeast states, will use the EPA grant to retrofit diesel-powered rental construction equipment operating in the six New England states, New York and New Jersey. According to equipment inventories, as much as 25 percent of construction equipment in these areas is owned by rental companies, which is often not equipped with available clean diesel technology. NESCAUM will also work with the construction industry associations in the region and with the manufacturers of emission control devices to aid vehicle retrofits and target rental companies, provide guidance in selecting vendors and technologies, and facilitate competitive bids for the control technology and its installation. The retrofit project runs from December 2008 through December 2010.
New 2008 State of the Equipment Rental Industry report released
The American Rental Association (ARA) has released some of the key findings of the 2008 State of the Equipment Rental Industry report, the latest complete overview of the $38.3 billion North American rental industry produced by IHS Global Insight for the ARA and Rental Management.
According to the 2008 report, the total size of the North American rental market was $38.3 billion in 2008, including $35.3 billion in the United States and $3.0 billion in Canada.