It’s no secret to anyone that construction machinery is an expensive investment. Whether you plan to rent or outright buy a crawler crane, rough terrain crane, or any other large machinery, you are going to have to negotiate a high dollar deal. One of the hardest decisions companies have to make is whether it is a better investment for them to buy the machinery or to simply rent it for a period of time. RTL Equipment would like to provide some helpful insight to allow you to make informed decisions that will ultimately benefit your company.

Job Frequency & Project Length

The ultimate factor to take into consideration is how often you think you will be using this equipment. As a contractor, you’ll need to think logistically about the frequency of a machine’s use on a job site. For example, if you are renting a machine that is sitting at idle for long periods of time on the job site, you are throwing money away that could be put towards outright buying one. The amount of jobs you have lined up can also be a huge factor. There is no need to buy a crane if you don’t have enough jobs lined up to payback your investment in the near future.

Inventory Control

One thing that people many people do not take into consideration with owning a piece of machinery is the ‘forgotten’ costs. Things such as maintenance, hauling, and parts, and storage are expenses that add up quickly. Over the long term, buying will be an option that pays itself back far more than it would with renting, given that you have enough work to keep the machines operating. It’s also worth noting that job dates can extend, sometimes massively, depending on the weather. If you are renting, you will have a higher bill for a single job compared to a purchased item.

State of the Economy / Tax Breaks

Currently, renting is the most popular trend for contractors looking for heavy equipment. However, with the IRS Section 179 Deduction, businesses that own or lease machine equipment can write off taxes, interest, insurance, and depreciation for both new and used equipment up to $500,000 with a $2,000,000 capital purchase limit. Considering that cranes and trucks are such a hefty investment, current policies like this are bringing back consumer confidence in buying compared to renting. If you are looking to buy or lease, consider reading into more about Section 179 and other benefits available for you.

Crane Rental and Sales Distributor

RTL Equipment is based out of Iowa and has been selling, leasing, and renting heavy equipment machinery to companies around the United States since 1989. If you are looking for hydraulic excavators, hydraulic crawlers, truck cranes, rough terrain cranes, all-terrain cranes, lattice boom crawlers, or anything else from our diverse inventory, give us a call! We sell and rent equipment from big names like Terex, Kobelco, Tadano, Mantis, Doosan, and many more.

As one of the fastest-growing renewable energy sources, wind has caught the attention of business owners who are ready to save on energy costs as well as make a greater commitment to protecting the environment by using cleaner energy. Up to 30% of the world’s electricity can be generated from wind and solar photovoltaic (PV) power without creating carbon emissions.

rtl equipment cranes rented for wind farm

Infrastructure & Energy Alternatives (IEA)

The innovation at IEA Construction is matched only by their commitment to the planet. As one of the largest wind farm contractors in existence, they’ve wind power projects in three provinces and thirty-two states. Their team takes care of the entire process, from handling the initial site analysis and final layout of the wind turbines to infrastructure construction and connection to the grid in the end. Because their team does this all in-house, it allows them to get a greater view of the process, allowing them to uncover and address any potential issues, making the project more efficient in the end.

rtl equipment terex rt100 rented wind farm machine

RTL Equipment Rents Crane to IEA

We’re pleased that IEA Construction  is currently renting a Terex RT-100 from us. The RT-100 is a powerhouse, with a main boom length of 174 feet (53 meters) and maximum boom length of just over 223 feet (68 meters). With its exceptional maneuverability and hydraulics, the RT-100 can navigate wind lay-down yards with ease. Plus, its serviceability makes it ideal for use in wind farm construction, when the operators will likely be miles away from a town. The boom wear pads are easily adjusted and their replacement is simple, because the boom doesn’t need to be taken apart to do so. Plus, the majority of the fluid levels can be checked at ground level.

terex rt100 rented to iea construction rtl equipment

Wind Energy and RTL Equipment

RTL Equipment has been involved in the wind energy sector for years, offering cranes that help with the transport, assembly, and the erection of wind turbines. These cranes can be purchased or rented, depending on your project’s needs and budget. From rough terrain cranes to crawler cranes, our line of construction equipment can certainly meet your needs. If we don’t currently have a machine you need, we’ll work with you to find it. Learn more about our wind division and feel free to contact us, so we can help you get to work.

On June 12, 2018, the Iowa Transport Commission will decide whether a proposed five-year plan to spend $3.4 billion on highway construction moves forward. This proposal comes after several years of working to reduce the number of structurally deficient bridges on state highways. From 2006 to 2017, the amount of defective bridges went from 256 to 51, according to the Iowa Department of Transportation. A continued focus on improving Iowa roadways has lead to the 2019-2023 fiscal year plan.

Iowa Transportation Improvement Program

In May, the Iowa Department of Transportation came out with their proposal for 2019-2023. This five-year agenda outlined plans to not only repair faulty roadways, but to also invest in railroads, trails, aviation, and more. The idea is to modernize transportation services to make them safer for the public. Over half of the proposed $3.4 billion would be earmarked for improving the existing Iowa highways. Additionally, the plan would set aside over half of the budget to focus on rural Iowa roads.

2015 Fuel Tax Led to Projects

This proposal would use 100% of the revenue generated by a state fuel tax increase that began in 2015. Prioritizing funding for infrastructure projects like this was the goal when the tax was introduced and it’s what the Iowa DOT is counting on to complete the proposed projects.

Iowa Interstate Projects

According to Stuart Anderson, the director of the Iowa DOT’s Planning, Programming, and Modal Division, the plan would also focus quite a bit on western Iowa interstate projects. For instance, the state is currently working on reconstructing interstate systems in the Council Bluffs and Sioux City areas. The interstate system in Council Bluffs, alone, carries up to 75,000 vehicles each day. Construction is taking place now to allow those roadways to withstand increased traffic.

On the eastern side of the state, the I-74 Mississippi River Bridge project is well underway. According to Danielle Mulholland, the bridge’s project manager at the Iowa DOT, has said that 45% of traffic through the Quad Cities travel over the bridge. Construction on the bridge has been a tandem project between Iowa and Illinois transportation departments.

Smaller Highway Projects

There will also be a focus on highway projects, if the proposal moves forward. The plan outlines construction on US 64 to Iowa 21 in Waterloo, Highway 30 in Nevada, and more. While larger interstate projects are mentioned, these highways are in need of upgrading and improvement as well, and safety issues would be addressed.

Supporting the Economy

Ensuring roadways are safe isn’t the only objective of this five-year highway improvement plan. Anderson has said that the program would also provide a boost to the economy, providing several opportunities for construction and equipment companies. He said that the proposal “continues to reflect the Iowa Transportation Commission’s commitment to investing in projects that support Iowa’s economy and provide safe mobility of getting you there safely, efficiently, and conveniently.”

Federal Funding for Highway Projects

Something to keep in mind is that in 2015, the Fixing America’s Surface Transportation (FAST) Act was signed into law. The five-year bill is currently generating funds by implementing changes to passport rules, through privatized tax collection, and Federal Reserve Bank dividends. This means funding of $305 billion doesn’t have to come from increased transportation user fees. Because FAST will expire on September 30, 2020, there’s uncertainty about whether the federal funding will be available afterward for highway projects.

More Info from the Iowa Department of Transportation

Learn more about the draft Fiscal Year 2019-2023 Iowa Transportation Improvement Program here. The scheduled date for consideration is June 12th in Des Moines.

For several years, we’ve been proud to support the Iowa Children’s Open Golf Tournament. This fundraiser helps raise money for the University of Iowa Stead Family Children’s Hospital and Iowa Children’s Museum. Since it’s such an excellent cause, we thought we’d share the history of the tournament and information on how to get involved!rtl equipment news blog sponsor iowa children's golf

Iowa Children’s Open Golf Tournament Begins

As a three-sport champion from Iowa City West High, Nate Kaeding was well-known in Iowa as a former Hawkeye and NFL player. Nate saw the opportunity to get people involved in fundraising by combining it with sports. Four years after starting the Nate Kaeding Golf Tournament as a way to give back to cancer patients and their families, Nate Kaeding teamed up with the Iowa City/Coralville Area Convention and Visitors Bureau (CVB) to create what is now the Iowa Children’s Open Golf Tournament.

RTL Equipment Teams Up with Iowa Children’s Open

rtl equipment iowa city cedar rapids iowa children's golf

For the past ten years, RTL Equipment has been proud to sponsor the tournament, which has grown in stature each year since its formation. Since RTL’s involvement, the tournament has raised approximately $1.5 million to benefit the Iowa Children’s Hospital and Iowa Children’s Museum.

How to Get Involved

rtl equipment iowa children's hospital golf

Even if you don’t golf, you can support the Iowa Children’s Open. This year, the 2-day even tournament is held May 31st and June 1st, with the PAR-TEE taking place the evening of May 31st. Join us for dinner, drinks, music, games, and tournament awards. Plus, there will be a silent/live auction, where you’ll have a chance to help support the University of Iowa Stead Family Children’s Hospital and Iowa Children’s Museum. It’s just $35 per person to attend and for the third year in a row, local country artist, Jake McVey, will be involved. He will be performing a free concert for attendees after the PAR-TEE.

The event is co-hosted by Nate and his wife, Sam, along with Kirk and Mary Ferentz. For more information, head to the Iowa Children’s Open Golf Tournament page, and learn how you can be a part of improving the lives of children and families in our community.


rtl equipment t-ball team sponsored

The first (unofficial) team photo.

We’re committed to making our community a better place at all times. This year, one of the ways we’re making that happen is by sponsoring a Cedar Hills Booster Club T-Ball team! The co-ed team consists of kids ranging in age from 4-5 and focuses on teamwork, participation, sportsmanship, safety while learning the fundamentals of baseball. Inclusion is the name of this game, so every player gets a chance at bat and no score is kept. In all, seven games will be played—including two under the lights at night!

As you can see, the kids were pretty pumped about their new shirts.

We’re looking forward to watching the kids learn America’s game while having fun and looking sharp in their new RTL Equipment uniforms!