United Rentals reported total revenues for the full year 2011 were $2.6 billion and rental revenue was $2.2 billion, compared with $2.2 billion and $1.8 billion, respectively, for 2010. The company said 2011 rental rates increased 6.1% from 2010.

For the full year 2011, on a GAAP basis, the company said income from continuing operations of $101 million compared with a loss of $22 million for 2010.

The size of the rental fleet, as measured by the original equipment cost, was $4.29 billion at December 31, 2011, compared with $3.79 billion at December 31, 2010. The age of the rental fleet was 46.4 months on a unit-weighted basis at December 31, 2011, compared with 47.7 months at December 31, 2010.

In its outlook for 2012, the company said it expects an increase in rental rates of 5% year-over-year and net rental capital expenditures of between $770 million and $820 million, after gross purchases of approximately $1.0 billion.

To read the full United Rentals news release click here.