Rental Market Recovery Accelerates in Q1 2021
M Science Recent data points in M Science’s work suggest the equipment rental market is experiencing a healthy and accelerating recovery, characterized by improving fleet utilization, moderating rental rate declines, a favorable capex environment, and wide-spread increases in hiring. Our data generally supports a more optimistic outlook and faster recovery than operators had forecasted several month ago, presenting an encouraging read-through for 2021. Digital Reservation Volumes Suggest Higher Fleet Utilization in Early 2021 At M Science, we track online reservation volumes at United Ren...
Source: forconstructionpros.com