Rants, Raves, and Rentals Rental Management Inc

Due to the pandemic as well as New England weather, we apologize for the lower-than-normal quality of the audio. 

In today's episode we discuss the stock market, business outlooks, surveys we took from calls we made to business about their experiences, and what a future return-to-normalcy might look like post-COVID-19. We also answer the question of why you are experiencing shipping delays and equipment scarcity. 

Resources we used are below:

When Will the COVID-19 Pandemic End

Stocks Surge in Crazy Year for Financial Markets

The Good and the (Potentially) Bad: What Scientists Know About Variants and COVID-19 Vaccines

A Covid-19 Vaccine Would Boost the Global Economy, but Not All at Once

Peloton Doubled Production Capacity, But Supply Won't Catch Up Until 2021

How Peloton's $420 Million Precor Deal Will Bulk Up Its Business

Restaurant Demand for Patio Heaters During Coronavirus Pandemic Could Lead to Shortage

Heat Lamps Needed for NYC's Outdoor Dining Are Hard to Find

Giant Will No Longer Enforce One-Way Arrows in its Supermarket

An email from Mark DePasquale, President of the NPSA titled: Buyer Beware - about the manufacturing and backup of shipping containers.

Survey questions asked during our calls:

We asked companies throughout various segments of the equipment rental industry about their experiences and thoughts of 2020 during COVID. Do they have plans to return to business as usual? What changes did they make for safety purposes in their retail spaces? Did they have layoffs? Did they utilize loans and grants. What’s their one word that describes what 2021 might look like for their business? What are their thoughts on requiring employee vaccinations?
 

In this episode (and every third episode going forward) we will focus on a specific industry that rents, sells, and services their equipment. Today, that is the trailer leasing industry. And we don’t mean U-hauls, we mean the 18-wheelers keeping the nation rolling through this pandemic.

Our guest in this episode is Gwen Brown, President of the National Trailer Dealer’s Association (NTDA). We will discuss the current state of the trailer leasing industry. We will ask her about the impact COVID-19 has had on the trailer industry and the NTDA. We will learn about how she got involved in the trailer industry, and finally, will hear her advice for newcomers to the trailer industry.

Stay tuned for our next episode that will once again be directed to the rental industry as a whole!

The links to the articles and resources we discuss in today’s episode are below:

FTR Ups 2020 Production Forecasts, July 6, 2020, by: Kevin Jones of Trailer Body Builders

FTR Reports Preliminary North American Class 8 Truck Orders Surge in September to 32,000 Units, Oct 5, 2020, From ForConstructionPros.com

Makeup Orders Boost Tractor and Trailer Production – For Now, Aug 21, 2020, by: Alan Adler of Freight Waves

NTDA.org – National Trailer Dealers Association

Gwen Brown’s contact info: gwen@ntda.org, 1-800-800-4552

Rmiusa.com – RMI’s website. RMI is the creator of this podcast, and the creators of ADVANTAGE 365, software for companies that rent, sell, and service equipment.

RMI’s contact info: marketing@rmiusa.com, 1-800-252-5011 x2

Welcome to Episode 1 of the Rants, Raves, and Rentals Podcast!

If you are a company that rents, sells, and services equipment, there is now finally a podcast made just for you!

In this episode, we'll introduce you to your hosts, look back at what projections were for 2020 BEFORE COVID-19, and what projections have changed to now. We will also talk about general rental industry statistics that may be helpful for you and your business.

Brought to you by RMI Corp, creators of ADVANTAGE 365, software for companies that rent, sell, and service equipment.

SOURCES:

ARA (American Rental Association): ararental.org

Associated Press: Equipment and Event Rental Industry in the U.S. Continues Steady Growth Pattern

Businesswire : ARA Forecasts Equipment Rental Industry to Grow to Nearly $60 Billion by 2021

Business Wire: COVID-19 Impact and Recovery Analysis- Construction Equipment Rental Market 2020-2024