United Rentals Reports Strong Digital Adoption
Customers Representing Over 70% of Revenue Utilizing Digital Tools
United Rentals, Inc. (NYSE:URI), the world's largest equipment rental company, today reported strong adoption across digital platforms, including Total Control©, United Rentals Mobile App™, and the online marketplace. During Q1 2024, over 70% of United Rentals' revenue came from customers who use one or more digital tools to support their safety, productivity and sustainability objectives.
Customers are using United Rentals' digital platforms throughout the rental experience: from renting equipment, checking real-time status of deliveries, placing service calls and tracking status, taking equipment off rent, to making payments. In addition, customers can monitor usage remotely through telematics to right size the fleet on the project, ensuring that the rented fleet is utilized effectively.
Telematics data is available through Total Control, a cloud-based worksite management solution that offers visibility and insights into boosting productivity, equipment utilization, tracking GHG emissions and connecting Worksite Performance Solutions™ like equipment and site access management. The Company has the largest number of telematics-enabled equipment in the industry with over 375,000 units.
"The industry is continuously evolving, and digital solutions have helped strengthen our partnership with customers," said Paul Maddison, Director of Digital Innovation, United Rentals. "Our team is focused on simplifying the customer experience, as well as providing relevant alerts and notifications throughout the rental process."
United Rentals is dedicated to delivering the best digital experience to customers and continues to improve and expand its digital capabilities and features.
Within the last year, United Rentals launched a series of new capabilities and feature enhancements to the self-service digital experience that help customers streamline the rental process and make more informed decisions for their worksites.
- Manage Payments: Users can view, share and pay invoices through the United Rentals Mobile App, in addition to Total Control.
- Notifications: Users can customize email and text notifications for tasks across all project stages from quote through final invoice.
- Availability and Substitutions: Provides customers with availability information and substitution options before checkout, reduces friction during the rental process, saves customers time and preserves project schedules.
- Equipment Access Management: Permissioned users can view equipment access PIN codes within the United Rentals Mobile App to better ensure equipment productivity and safety.
- Order History: With one click, customers can access all current and past rental orders on the website and add the entire order to the checkout cart. The feature also includes smart filters so users can intuitively navigate transaction history.
Feature enhancements are now available to customers through United Rentals digital platforms.
"As the world's largest rental provider, we can provide customers with benchmarks to help understand how their fleet management compares to other industry leaders. We partner with customers to identify opportunities and drive positive outcomes. These are all enabled by our digital tools." said Ty Campbell, Director of Customer Success.
For more information on the United Rentals suite of digital tools, visit UnitedRentals.com/digital.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The Company has an integrated network of 1,520 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand. In North America, the Company operates in 49 states and every Canadian province. The Company's approximately 26,650 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The Company offers approximately 4,800 classes of equipment for rent with a total original cost of $20.59 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.
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