Hertz Equipment Rental reported that worldwide equipment rental revenues were $351.0 million for the first quarter of 2013, a 16.2% increase from the prior year period. Hertz said the primary drivers of the increase were stronger equipment rental volumes, up 15.7%, and a 3.6% increase in pricing. Volume increased on strong industrial and improving construction performance.

Adjusted pre-tax income for worldwide equipment rental for the first quarter of 2013 was $45.8 million, an improvement of $19.9 million from $25.9 million in the prior year period, primarily attributable to the effects of increased volume, improved pricing and cost management initiatives.

The average acquisition cost of rental equipment operated during the first quarter of 2013 increased by 12.8% year-over-year and net revenue earning equipment as of March 31, 2013 was $2,269.5 million, compared to $1,911.1 million as of March 31, 2012.