Volvo Rents recently opened a new rental center at 2520 East Outer Road in Scott City, Mo., the sixth facility in Missouri. The rental center will serve all of southeast Missouri and certain areas in northern Kentucky and southwest Illinois.
“While some sectors of the economy continue to slow, the construction industry has been flashing signs of improvement, as has the demand for construction equipment rental,” said Mike Crouch, vice president of business development for Volvo Rents. “This puts us in a very favorable position as we continue to expand our footprint in various markets across the country, including Missouri.”
According to the latest analysis of new federal data released by the Associated General Contractors of America, construction spending in the U.S. increased in June to the highest level in almost three years. Additionally, the American Rental Association (ARA) reports that overall North American equipment rental industry revenue is expected to increase at least 6.9 percent in 2012 to total $33.5 billion at year end. The five-year forecast calls for continued annual growth in rental revenue to reach a total of $53.1 billion by 2016.
In addition to Volvo Rents’ expanding line of Volvo compact equipment, the rental center carries a comprehensive line of essential equipment and tools for the construction, commercial, industrial, and homeowner markets. The focus is on daily, weekly, and monthly rentals.