Demand for rentals grows among nervous operators

Trucking rental firm notices increase in demand as nervous operators recovering from GFC and natural disasters shun buying vehicles

By Ruza Zivkusic | August 26, 2011

More operators are choosing to rent a truck than buy as they recover from the global financial crisis and a spate of natural disasters earlier this year, Truckworld Rental says.

The West Australian-based company, which has over 200 assets and 40 different product types, has doubled its fleet to 240 during the past two years due to high demand.

Manager Tony Ives says operators are still in recovery mode and are nervous about forking out money to buy new vehicles.

"It’s a little bit more expensive than owning your own equipment but given the fact that everything is encompassed with the prices, they know that they can budget their figures and how much it costs when they rent," Ives says.

"Some of them are turning to rental through their own choice and some of them are going through the bank’s choice because at the end of the day people have got to go to work but the bank won’t lend the money so [they] then have to rent."

Ives says Truck Rental works around operators’ specific needs, and the local operation anticipates a steady stream of work ahead.

"We are there to pick up the pieces when people have product failure or can’t keep up because the volumes are too great, so there’s constantly something going on whether it’s mining and infrastructure, minerals, fast moving consumer goods or harvest," he says.

For the full story on how Truckworld Rental has doubled its business as demand grows, see the October edition of ATN magazine. Click here to subscribe and guarantee your copy.

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