Herc could double fleet spending in 2022

Herc Rentals could double its net spending on fleet next year to as much as $1.1 billion under its new growth and capital allocation plan.

During its investor day meeting this week, Herc said it would accelerate its rate of growth in both revenue and EBITDA profits and upgrade its fleet expenditure plan, with spending on equipment to increase from between US$500 and $550 million this year to a range from $820 million to $1.12 billion in 2022.