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Rental Center News
Only attendees of The ARA Show — Feb. 17-20 in Anaheim, CA — will be able to take advantage of numerous networking events, hours of educational seminars, and have a chance to visit with more than 700 exhibitors all under one roof at the Anaheim Convention Center. The ARA Show, designed specially for those in the equipment and event rental industry, will kick off Sunday, February 17, with a full day of educational seminars. Attendees will be able to choose from 16 sessions covering a variety of topics.
Workers Compensation terms can seem arcane and legalistic. Although there are many special terms used in workers compensation insurance, these are basic. Though there are variations in terminology and procedure in every state, these definitions are widely used.
Cybersecurity is the protection of computer systems from theft or damage to their hardware, software or electronic data, as well as from disruption or misdirection of the services they provide. CRA thanks Gabe Marquez from the National Insurance Crime Bureau (NICB) for his contribution of a series of articles on Cybersecurity. He received the articles from a presentation given by FBI Agent Scott Augenbaum during the 2018 National Cargo Theft Summit. All articles are available to view here in the Cybersecurity section on the Public Resources tab. Over the next several months, we will be presenting different articles. This month we have an article about Cybercriminals, Payroll Division.
Vendor News
Since its beginning 60 years ago, EDCO has prided itself on being a “Customer Dependent” company. Our eagerness to develop solutions to your problems and our commitment to quality American manufacturing are the tools we use to repay you for your business. To continue this tradition of customer dependence into the future, EDCO is excited to announce the birth of its new distribution network for independent rental businesses. Our new regional distribution partners will help us uphold the standards you have come to expect from EDCO while also improving service.
Dear Valued Customer,
This letter is to inform you that H.G. Makelim Co. (Makelim) is selling its business to two separate industrial engine distributors effective February 28, 2019. H.G. Makelim Co. has been in business for 97 years and owned by my family for 63 years. It was a very difficult decision to sell the company after our long history in the industry. However, I am confident it is the right decision for our employees, our suppliers, PES, AIE, and most importantly…you, our valued customer. It has been a privilege doing business with you over the years and thank you very much for your loyalty and support.
JLG Industries, Inc., an Oshkosh Corporation company and a leading global manufacturer of aerial work platforms and telehandlers, officially kicked off its year-long 50th anniversary celebration on January 9, 2019, marking a half-century since its founder spearheaded the access industry with the introduction of the world’s first boom lift, commonly referred to as JLG 1. On January 9, 1969, John L. Grove rallied a small group of people around one big idea—create a safer way to work at height. This seed idea came to life with the introduction of the first aerial work platform. Grove’s passion for safety and his pioneering spirit continue to be carried out today by more than 6,000 JLG employees around the world.
Business News
Crude oil prices end the year lower than they began in 2018. Brent crude oil averaged $72 per barrel (b) in 2018, nearly $17/b more than the average price for Brent in 2017. The annual change for West Texas Intermediate (WTI) increased similarly,averaging $65/b, more than $14/b greater than in 2017. Nevertheless, Brent ended the year at $54/b, nearly $13/b lower than it began the year, while the WTI price ended the year at $45/b, nearly $15/b lower than at the beginning of the year (Figure 1). Last year marks the first time since 2015 that either crude oil ended the year at a lower price than it began. The spread between Brent and WTI prices increased in 2018, averaging $7.02/b, nearly double the 2017 average spread.
Survey Results
Thank you to all who take time to participate in our surveys. CRA uses the information we gather to better serve you. If you have an idea for a survey for CRA members, please send your request to CRA at Info@CalRental.org. This month, we surveyed members about emploee safety meetings.
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