Equipment Rental Sector Suffers Huge Losses
The equipment rental industry is suffering immensely due to the deadly Coronavirus. Decline in revenues is being witnessed in the equipment rental segment
The equipment rental industry is suffering immensely due to the deadly Coronavirus. Decline in revenues is being witnessed in the equipment rental segment, which will take a long time to recover. The American Rental Association (ARA) survey indicates revenue losses to the extent of 60 percent or more for the rental equipment segment.
The Association is taking necessary measures and initiatives to help those affected in these testing times by informing them about the available resources. Some have shut operations temporarily and the others are taking necessary precautions like sanitizing and cleaning the equipment to keep the virus away.
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