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United Rentals Dismisses CFO

Throughout 2005 the SEC investigation of accounting practices and
delays in filing releases haunted United Rentals. United's board of
directors placed John Milne, United's president and CFO on 30-day notice
for non-performance.

A special committee was formed by the board during the company's
internal investigation which brought about the notice. On August 12,
United Rentals terminated Milne for non-performance. Waivers were
granted by its lenders during this turbulent time to extend its deadline
for filing.

Throughout 2005 the SEC investigation of accounting practices and delays in filing releases haunted United Rentals. United's board of directors placed John Milne, United's president and CFO on 30-day notice for non-performance. A special committee was formed by the board during the company's internal investigation which brought about the notice. On August 12, United Rentals terminated Milne for non-performance. Waivers were granted by its lenders during this turbulent time to extend its deadline for filing.
Hurricane Katrina Affects Rental Industry

After Hurricane Katrina touched down no one could imagine the impact
the devastating storm would have on the rental industry. Damaging
90,000 square miles and costing between $200 and $300 million in damage
made Katrina the most costly national disaster in US history. Many
rental companies stepped up to the challenge and volunteered their time
and equipment to help ease the pain.

Equipment manufacturers, suppliers, rental operators, and local rental
associations put their heads together, sent what manpower and equipment
they had and went to work. Local rental associations such as the
Greater Cincinnati Tool Rental Association and the Heartland Rental
Association combined to raise $200,000 to aid rental businesses affected
by Katrina and Rita.

After Hurricane Katrina touched down no one could imagine the impact the devastating storm would have on the rental industry. Damaging 90,000 square miles and costing between $200 and $300 million in damage made Katrina the most costly national disaster in US history. Many rental companies stepped up to the challenge and volunteered their time and equipment to help ease the pain. Equipment manufacturers, suppliers, rental operators, and local rental associations put their heads together, sent what manpower and equipment they had and went to work. Local rental associations such as the Greater Cincinnati Tool Rental Association and the Heartland Rental Association combined to raise $200,000 to aid rental businesses affected by Katrina and Rita.
Rental Companies to be Hit Hard by New Tax Plans

Rental car companies are now being targeted by state and local
governments as a new way to help fund civic projects such as stadiums,
art centers, and convention centers. Las Vegas, Dallas, Arkansas and
Wisconsin have already put plans in to place to tax car renters to pay
for these new projects.

Here are some examples of different taxes and where the new money is
going to. Revere, Mass is charging an extra $10 per transaction for
fire and police stations. Kansas City is charging customers $4 a day to
help renovate their down town area. Dallas renters are charged an extra
5 percent to help pay for the new Dallas Mavericks Stadium, the American
Airlines Center. Arkansas is using part of the 10 percent renters tax
to go toward increasing teacher salaries.

Overall the new tax plans appear to be a gigantic help in funding
state and local projects. While the prices of renting a car may be on
the rise, out of town business travelers and the companies footing the
bill for their travel plans will be the ones paying.

Rental car companies are now being targeted by state and local governments as a new way to help fund civic projects such as stadiums, art centers, and convention centers. Las Vegas, Dallas, Arkansas and Wisconsin have already put plans in to place to tax car renters to pay for these new projects. Here are some examples of different taxes and where the new money is going to. Revere, Mass is charging an extra $10 per transaction for fire and police stations. Kansas City is charging customers $4 a day to help renovate their down town area. Dallas renters are charged an extra 5 percent to help pay for the new Dallas Mavericks Stadium, the American Airlines Center. Arkansas is using part of the 10 percent renters tax to go toward increasing teacher salaries. Overall the new tax plans appear to be a gigantic help in funding state and local projects. While the prices of renting a car may be on the rise, out of town business travelers and the companies footing the bill for their travel plans will be the ones paying.
Rental Companies Have Record Year

2005 proved to be a very good year for the rental industry. Several
companies showed record earnings and revenues last year. Caterpillar,
H&E, Ingersoll-Rand, and JLG were among the leaders in earnings.

Caterpillar, Peoria, IL, had record profits and revenues in the third
quarter. With revenues of $8.98 billion and profit of $667 million both
numbers were up dramatically from the 2004 year. Caterpillar attributed
the growth to strong global demand and improved pricing.

H&E Equipment out of Baton Rouge, LA had a very strong third quarter
as well. Their gross profit rose to $13.4 million, an increase of 40.1
percent from the year before. They also had a revenue increase of 22.7
percent to $27.5 million that quarter.

Ingersoll-Rand, Annadale, NJ showed an increase of 10 percent in the
third quarter to $2.6 billion. This was led by growth in their compact
vehicle technologies, construction technologies, industrial
technologies, and security technologies. There was also an increase in
their parts, service, attachments, rental and used equipment sections.

JLG Industries, McConnellsburg, PA had a record fourth quarter as
well. With a sales increase nationally of 33 percent and 36 percent
internationally JLG showed a 34 percent increase in over all revenue.

Financial forecasts were upbeat and hopeful for this year as well.
Equipment prices will be higher this year due to higher material and
transportation costs, but the demand for renal equipment should not
change.

2005 proved to be a very good year for the rental industry. Several companies showed record earnings and revenues last year. Caterpillar, H&E, Ingersoll-Rand, and JLG were among the leaders in earnings. Caterpillar, Peoria, IL, had record profits and revenues in the third quarter. With revenues of $8.98 billion and profit of $667 million both numbers were up dramatically from the 2004 year. Caterpillar attributed the growth to strong global demand and improved pricing. H&E Equipment out of Baton Rouge, LA had a very strong third quarter as well. Their gross profit rose to $13.4 million, an increase of 40.1 percent from the year before. They also had a revenue increase of 22.7 percent to $27.5 million that quarter. Ingersoll-Rand, Annadale, NJ showed an increase of 10 percent in the third quarter to $2.6 billion. This was led by growth in their compact vehicle technologies, construction technologies, industrial technologies, and security technologies. There was also an increase in their parts, service, attachments, rental and used equipment sections. JLG Industries, McConnellsburg, PA had a record fourth quarter as well. With a sales increase nationally of 33 percent and 36 percent internationally JLG showed a 34 percent increase in over all revenue. Financial forecasts were upbeat and hopeful for this year as well. Equipment prices will be higher this year due to higher material and transportation costs, but the demand for renal equipment should not change.