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Rental Center News
ICUEE is North America’s Largest Utility & Construction trade show, bringing together utility professionals from electric transmission and distribution, telecom/cable, natural gas transmission and distribution, and water and wastewater management vegetation management.
• Nearly 1.3 million net square feet of exhibit space (over 21 U.S. football fields) • 18,000+ construction and utility professionals (no better place to network) • More than 1,000 leading manufacturers & service providers • Innovative education sessions including Professional Development Hours (PDH) • 100s of new products and technologies Your workers’ compensation policy might include a provision that allows your insurer to conduct a workers’ compensation premium audit. The results of the audit will affect your premiums, so it benefits you to be prepared! Your workers’ compensation premiums depend on two factors: your payroll and your classifications. Insurers assign a classification code to the employer based on industry. Your employees will also have occupational codes. These codes reflect the relative risks of the industry and the job. For example, in a relatively high-hazard industry like heavy construction, most employees will have high-hazard jobs; their occupational code would reflect that risk. But the bookkeeper and other office staff would have a lower risk of injury, so they would have different job codes.
Vendor News
Tablecloth Company Inc.
Mary Kerr 514 Totowa Avenue Paterson, NJ 07522 (973) 942-1555 info@tablecloth.com Virnig Manufacturing
Mark McPherson 101 Gateway Drive NE Rice, MN 56367 (800) 648-2408 Attachments@VirnigMfg.com CRA’s 2020 Equipment and Party Rental Rally Tradeshow will be held at the South Point Casino Hotel & Convention Center in Las Vegas, NV, featuring 80,000 square feet of exhibit space. The South Point is a great venue choice with the convenience of having the convention center and hotel on the same property! Both exhibitors and attendees can enjoy the convenience of staying on-site at the South Point Casino Hotel & Convention Center. Special room rates (January 19-23, 2019) are available from $65 per night with no resort fees. Special Group rates are available until December 26th, 2018, subject to availability.
Thank you to the exhibitors that have already signed up for the tradeshow... click on “Learn More” to see the list of exhibitors that have signed up for the show to date. And check back often – new exhibitors are being added daily!
Virnig Manufacturing – Steer Attachments for the Rental Industry.
Dean and Lois Virnig started Virnig Manufacturing in 1989 in a two-car garage outside the city limits of the rural community of Pierz, MN. The Virnig’s first business was repair work for local farmers and construction companies. When it comes to superior service and quality work, word travels fast in a small town, and the Virnigs saw their little business grow quickly. Within five years of opening the doors, Dean and Lois moved from their makeshift shop into a larger building and expanded into manufacturing skid steer attachments and dump trailers and changed their name to Virnig Manufacturing, Inc. The Virnigs built a state-of-the-art manufacturing facility in Rice, MN, in 2001; in 2010, an additional facility was constructed to add more workspace; and in 2014, a 28,000 square foot expansion, which included an automated wash bay and powder-coat paint system, was completed. Today, the facilities encompass all aspects of the manufacturing process, from engineering and cutting raw materials to machining, welding, and painting, Virnig manufactures all of its skid steer attachments in-house, and the mission of providing a high-quality, durable product continues.
Customer feedback shows that West Coast rental companies sought more localized distributors for EDCO products. Placer Sales Associates is excited to use its extensive EDCO expertise to fulfill their needs. This partnership adds a new layer of EDCO application diagnosis, technical advice, and regional assistance to the western states. Placer Sales now stocks the entire line of EDCO machines and tooling locally, creating shorter lead times, lower shipping fees, and more pick-up options. Placer Sales will distribute EDCO in California, Nevada, and Hawaii. “We are bringing equipment out here by the truckload and will have West Coast stock and parts for most models in the Northwest and in Northern and Southern California, and will also have more aggressive freight rates,” stated Mark Uebner of Placer Sales. “I will be handling Northern California and Allen Buck will handle Southern California, but all orders will be placed through Placer Sales.” Randy Chidester of Essex-Silverline will handle the Northwest area. For more information, contact Placer Sales, 8260 Horseshoe Bar Road, Loomis, CA 95650, at (916) 806-6323 • mark@placersales.com.
Western Global, a leading provider of portable tanks and dispensing equipment for the storage and handling of fuels, lubricants and other fluids, welcomes Mike Nelson as the national accounts manager for infrastructure as part of their Fuel Solutions Group of the Americas. Nelson previously served as Western Global’s regional business development manager, and before that managed the Calgary Transtank branch, where he gained a strong understanding of Western Global’s Fuel Solutions Group. His experience will aid in developing and maintaining relationships with key accounts in the infrastructure construction sector in the Americas. “I’m excited to help our customers expand their business and profitability with a new approach to commercial fuel distribution,” Nelson said. “I look forward to bringing focus to this growing market. Partners are always looking for innovative ways to increase safety, lower potential environmental impact and save costs on mega projects. Western Global offers solutions to these common concerns.” Nelson began with Transtank in 2012 as the general sales manager and was part of the transition during Western Global’s acquisition of the company. He held the position of senior business development manager, prior to leaving Western Global in 2016. Nelson continued his experience at Allegion Canada, a global manufacturer of security and access control solutions, where he led a sales team and focused on customer satisfaction through multiple distribution channels.
ASV Holdings, Inc. (NASDAQ: ASV), a leading provider of rubber-tracked compact track loaders (CTLs) and wheeled skid steer loaders (SSLs) in the compact construction equipment market, announced on June 27 that it has entered into a definitive merger agreement with an affiliate of Yanmar Holdings (Yanmar). Under the terms of the agreement, which been approved by both the ASV and Yanmar Boards of Directors, ASV stockholders will receive $7.05 in cash for each outstanding share of ASV common stock, for a total value of $70.7 million. The ASV Board of Directors unanimously approved the agreement with Yanmar and recommends that ASV stockholders vote in favor of the transaction.
Jeff Durgin joined the Makinex Team as the as Global Product Manager back in February of 2018 and has now transitioned into the North American Flooring Director position. Makinex is excited to have Jeff take over this new role that was crafted out of this rapidly growing industry within Makinex. His profound knowledge of the flooring industry along with his deep passion for continually finding ways to improve things directly aligns with the Makinex mission: Making Inefficiencies Extinct. With Jeff’s new position, Makinex will be able to continue making an impact within the flooring industry and ultimately support this growth with a team of his own. Makinex plans to uphold their strong track record of launching revolutionary, innovative, quality products and this year will be launching one especially for the flooring industry.
Business News
An anti-arbitration bill identified by the California Chamber of Commerce as a job killer passed through the first Senate committee to consider it this week. The Senate Labor, Public Employment and Retirement Committee approved AB 51 (Gonzalez; D-San Diego), which prohibits arbitration of labor and employment claims as a condition of employment. AB 51 is a job killer due to the significant increased costs employers will face as a result of more litigation and the expense of delayed dispute resolutions. AB 51 also proposes to add a new private right of action under the Fair Employment and Housing Act (FEHA) and exposes employers to criminal liability for any violation.
A California Chamber of Commerce-opposed job killer bill that will profoundly change unemployment insurance (UI) in California and create long-term costs for the state and businesses awaits action in the Senate. AB 1066 (Gonzalez; D-San Diego) will provide unemployment benefits to striking workers even though they are not looking for work and have a job waiting for them once the labor dispute is resolved. The bill is a sharp departure from more than 70 years of precedent in California, allowing employees on strike to receive UI benefits if the strike lasts more than four weeks. The CalChamber identified AB 1066 as a job killer because it will expose employers to a significant cost increase during a time in which they are already struggling with the financial impact of labor negotiations and a strike, thereby jeopardizing the employers’ ability to maintain existing jobs and wages as well as the increased wages and benefits demanded by the union.
As of July 11, 2019, three statewide ballot propositions had qualified for the ballot in California for elections in 2020. Californians will decide two citizen-initiated measures, the Criminal Sentencing Initiative (1840, 17-0044, Amdt.#1) and Cash Bail Referendum (1856, 18-0009), designed to amend or repeal criminal sentencing and supervision laws passed during the second tenure of Democratic Gov. Jerry Brown (2011-2019). Voters will also consider a ballot initiative (1851, 17-0055, Amdt.#1) to amend Proposition 13, which was originally passed in 1978. The initiative seeks to amend Proposition 13 to assess taxes on commercial and industrial properties based on market value, rather than on their purchase price plus the lesser of inflation or 2 percent.
In the July 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $67 per barrel (b) in 2019 and in 2020. EIA expects that West Texas Intermediate (WTI) crude oil prices will average $60/b in 2019 and $63/b in 2020 (Figure 1). The forecast of relatively stable crude oil prices in the mid-$60/b range reflects EIA’s expectation that heading into 2020, global oil consumption will grow at a similar rate as global oil supply at current price levels. However, several risks to both consumption and supply could push prices out of this range.
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CRA UPDATE
Thank you to all who take time to participate in our surveys. CRA uses the information we gather to better serve you. If you have an idea for a survey for CRA members, please send your request to CRA at Info@CalRental.org. This month, we surveyed members about sub-rentals.
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