Photo courtesy of Hertz Hertz Equipment Rental Corp. is the country's third-largest equipment-rental company, with $1.54 billion in revenue last year. Related Links: Tax Law Changes May Hurt Equipment Sales, Boost Rentals in 2014 2014 Equipment Forecast: Mixed Growth Dampens New Machine Sales By spinning off its equipment-rental business, Hertz Global Holdings Inc. hopes to make the construction unit stronger while bolstering its core car-rental service. The Park Ridge, N.J.-based company plans to divest the 355-branch equipment unit into a separate, publicly traded company, valued at $2.5 billion."Hertz was starving the equipment-rental business through a lack of investment," explains Nicholas
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.