Daily Archives: August 12, 2021

KANSAS CITY, Mo., Aug. 12, 2021 /PRNewswire/ — Custom Truck One Source, Inc. (NYSE: CTOS, “CTOS” or the “Company”), a leading provider of specialty equipment to the electric utility, telecom, rail and other infrastructure-related end markets, today reported financial results for its second quarterly period ended June 30, 2021.

NYSE: CTOS (PRNewsfoto/Custom Truck One Source, Inc.)

On April 1, 2021, the Company, formerly known as Nesco Holdings, Inc. (“Nesco Holdings”), through its subsidiary, closed on the acquisition of Custom Truck One Source, L.P. (“Custom Truck LP”) (the “Acquisition”). The Acquisition creates a leading, one-stop shop for specialty equipment serving highly attractive and growing infrastructure end markets, including electric utility transmission and distribution (“T&D”), telecom, rail and other national infrastructure initiatives. Our reported results include Custom Truck LP only for the period subsequent to the Acquisition. We also provide key operational metrics on a combined basis, pro forma combined results of operations (excluding results of operations at the segment level) for the three months ended June 30, 2020 and the six month periods ended June 30, 2020 and June 30, 2021 in accordance with Article 11 of Regulation S-X, and combined results of operations by segment, assuming the Acquisition had occurred on January 1, 2020. We believe such combined information is a better representation of how the combined company has performed over time. Following the transaction, we have expanded our reporting segments from two segments to three segments. The Equipment Rental Solutions (“ERS”) segment encompasses our core rental business, inclusive of sales of rental equipment to our customers. The Truck and Equipment Sales (“TES”) segment encompasses our specialized truck and equipment production and sales activities. Finally, the Aftermarket Parts and Services (“APS”) segment encompasses sales of parts, tools and other supplies to our customers, as well as our aftermarket repair service operations.

Click here to read the full press release

Landscape of rail tracks in fal
Sustainability in the Rail Industry

Few industries are as tied to the industrial revolution as rail. In 1847, over a quarter of a million people worked on railways to fuel the economy. Since its conception, the railway has continually been evolving. As a result, the railway industry now boasts several contributions to greener living and better sustainability.

So, in this article, we’re discussing rail sustainability in 2021. Let’s dive in!

Low Carbon Emissions

If you think the railway harms the environment due to its emissions, you might be in for a surprise. The rail industry actually produces the lowest carbon emissions out of all transport industries.

It’s no secret that anyone that uses public transport helps reduce carbon emissions. So regardless of how many people railways carry across the country, the environmental impact remains low.

This is even more significant for freight. For example, goods transported by rail can cut down carbon emissions by 76% compared to goods hauled on the road! Trains can also transport much more freight than individual vehicles. As a result, they take several HGV vehicles off the road. This has the further effect of reducing traffic build-up.

The rail industry is already one of the most sustainable forms of transport in the world. But greener trends are emerging with every year.

Automation in the Rail Industry

One of the biggest sustainability trends impacting many industries revolves around automation. Automation cuts down on time spent on repeatable work, making operations more efficient. This, in turn, reduces the waste of resources and fuel.

The rail industry uses the Internet of Things to predict maintenance needs. This demonstrates where their operations aren’t as optimized as they could be. Many railroads also use trip optimizers. These make the best use of brakes and throttles during the journey.

There’s a wide range of automated tools in use for better rail sustainability. Other examples include Meet Pass Planners, which manage traffic. Or precision scheduled railroading (PSR), which helps reduce congestion at stations.

Conservation Remains a Priority in the Rail Industry

Sustainability continues to be an essential talking point for all nations and industries. The railway industry also maintains its efforts with conservation. This includes lessening the impact where new railway lines continue to be built.

Railways need vegetation to be cut down and wildlife to be disrupted. Because of this, several railways are making efforts to invest in projects to conserve wildlife.

For example, new construction projects undertake environmental project screenings to minimize the impact on local wildlife. This aims to cut down on threats like erosion, interruptions of nesting seasons, and more.

For instance, Transport for Wales recently launched a new biodiversity action plan to ensure work is organized to protect and enhance wildlife and local ecosystems.

Technology to Revolutionize Rail Sustainability

And finally, it is worth talking about trends that might revolutionize rail travel as we know it. Over three-quarters of passenger rail transport is already facilitated by electric trains.

Moreover, the rail sector continues to be the only means of transport that is already widely electrified to cut down on fuel emissions. As demand for freight and passenger transport grows, many railways will likely become electric in bigger countries.

It’s also possible that the railway will be better integrated with other means of public transport. This will encourage wider use of trains in the future. Innovations continue to push rail sustainability ever further.

Exciting projects in this field include Alstom’s first hydrogen fuel cell passenger train in Poland. This presents a considerable potential for sustainable transport.

The Future of Railway is Green

Many railways around the world continue to set higher and better sustainability targets for the future. As a result, the future of the rail industry is looking green. These days, many corporations support biodiversity, decarbonization, automation, and sustainable innovations for better rail services.

Custom Truck supports the rail industry on its path to greener pastures. We provide the vehicles and equipment needed to keep rails functioning at their best.  If this is something you’re interested in, contact us today for more info about that!

 

Utility Equipment For Rent

Utility Equipment For Rent

We are the premier distributor of Terex bucket trucks, diggers, and boom trucks, along with Elliott aerial trucks, to utility companies in the U.S. and Canada. Many organizations in North America rent our electric utility truck equipment to facilitate the maintenance of power lines and infrastructure stretching across the continent because they know they can rely on us to supply what they need.

Our range of electric utility truck equipment for rent includes not just the trucks you’ll need but all of the trailers and attachments too. From water, vacuum, and service trucks, to pulling and tensioning equipment and cranes, you can rent everything you require from us.

 

Huge selection of electric utility truck equipment in multiple locations

We have over 9,000 trucks, trailers, and attachments, which can be rented from one of 35 locations across North America, making us the supplier of choice for utility companies in all areas. As the very first single-source supplier of specialized trucks and equipment, we lead the industry in terms of choice and the quality of service we provide.

If you’d like to rent electric utility truck equipment that’s maintained to the highest standards and supported by a team of technicians on-call 24 hours a day, contact us at 833-305-RENT (7368) now.

Utility Equipment For Rent

Utility Equipment For Rent

We are the premier distributor of Terex bucket trucks, diggers, and boom trucks, along with Elliott aerial trucks, to utility companies in the U.S. and Canada. Many organizations in North America rent our electric utility truck equipment to facilitate the maintenance of power lines and infrastructure stretching across the continent because they know they can rely on us to supply what they need.

Our range of electric utility truck equipment for rent includes not just the trucks you’ll need but all of the trailers and attachments too. From water, vacuum, and service trucks, to pulling and tensioning equipment and cranes, you can rent everything you require from us.

 

Huge selection of electric utility truck equipment in multiple locations

We have over 9,000 trucks, trailers, and attachments, which can be rented from one of 35 locations across North America, making us the supplier of choice for utility companies in all areas. As the very first single-source supplier of specialized trucks and equipment, we lead the industry in terms of choice and the quality of service we provide.

If you’d like to rent electric utility truck equipment that’s maintained to the highest standards and supported by a team of technicians on-call 24 hours a day, contact us at 833-305-RENT (7368) now.

Utility Equipment For Rent

Utility Equipment For Rent

We are the premier distributor of Terex bucket trucks, diggers, and boom trucks, along with Elliott aerial trucks, to utility companies in the U.S. and Canada. Many organizations in North America rent our electric utility truck equipment to facilitate the maintenance of power lines and infrastructure stretching across the continent because they know they can rely on us to supply what they need.

Our range of electric utility truck equipment for rent includes not just the trucks you’ll need but all of the trailers and attachments too. From water, vacuum, and service trucks, to pulling and tensioning equipment and cranes, you can rent everything you require from us.

 

Huge selection of electric utility truck equipment in multiple locations

We have over 9,000 trucks, trailers, and attachments, which can be rented from one of 35 locations across North America, making us the supplier of choice for utility companies in all areas. As the very first single-source supplier of specialized trucks and equipment, we lead the industry in terms of choice and the quality of service we provide.

If you’d like to rent electric utility truck equipment that’s maintained to the highest standards and supported by a team of technicians on-call 24 hours a day, contact us at 833-305-RENT (7368) now.