Briefs

Local News
- 14 Nov 2024 ( #1205 )
2 min read
Hyster-Yale releases Q3 results
Hyster-Yale releases Q3 results

Hyster-Yale Q3 results

Ohio, United States

Ohio-headquartered Hyster-Yale Materials Handling has reported mixed Q3 financial results with a 2% year-on-year increase in revenues to USD1.016 billion, but significantly lower net income and operating profit.

The company reports net income dropped 52% y-o-y to USD17.2 million while operating profit fell 44% to USD 33 million y-o-y after “exceptionally strong Q3 2023 results”.

Hyster Yale says the improved revenue is the result of higher sales prices and favourable sales in the Americas.

Subsidiary Bolzoni did particularly well recording a 114% rise in operating profit which it says is due to product sales wth higher margins.

The company expects revenue and operating profit from its forklift division to be “roughly comparable in Q4.

Sixth stage of forklift safety campaign rolled out

United Kingdom

Making every day national forklift safety day
Making every day national forklift safety day

The sixth stage of the UK Material Handling Association’s (UKMHA) National Forklift Safety Day is being rolled out this week with a focus on learning what the root cause is of any forklift safety incident to prevent it happening again.

This year the UKMHA opted to roll-out a forklift safety awareness campaign over seven months rather than dedicating one day to highlighting the issue. It has done so with its motto to “make every day national forklift safety day”.

“When a forklift incident or accident happens, it is essential for the people involved to gain a thorough understanding of both the root cause and the contributory factors,” the UKMHA states. “Doing so will allow them to determine the actions that must be taken to reduce the risk of similar incidents occurring in the future.”

The UKMHA has shared a number of resources to help organisations and individuals with investigating incidents. These can be found on the UKMHA website.

Interfit named exclusive supplier for Burns Equipment 

Warrendale, PA, United States

Interfit and Burns Equipment have joined forces
Interfit and Burns Equipment have joined forces

Global forklift tyre manufacturer Interfit has announced a new partnership with Pennsylvania-headquartered forklift and industrial equipment supplier Burns Equipment, to be its exclusive materials handling tyre service provider.

Interfit regional director Robert Renfrew says the partnership “offers a great opportunity for mutual growth” for both companies.

Burns Equipment supplies the western Pennsylvania, northeastern Ohio and West Virginia areas.

Toyota confirms fatalities in Bologna explosion

Bologna, Italy

Fatalities confirmed in Bologna factory explosion
Fatalities confirmed in Bologna factory explosion

Toyota Material Handling has confirmed there were two fatalities and a number of injuries as a result of the explosion at its manufacturing facility in Bologna on October 23.

“Toyota Material Handling Europe’s primary focus is on the care of those directly and indirectly affected,” the company states. “The area has been secured, and investigations are ongoing. Toyota Material Handling Europe will fully support this.”

Media reported soon after that the explosion was the result of a compressor failure.

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PREMIUM business

VETTER Industrie GmbH
The world's most comprehensive range of forks and the most intelligent sensor fork for more safety and efficiency.

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

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Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Inside The News
This week Forkliftaction News is celebrating its 25th anniversary! A wonderful achievement given we launched at a time when just 6% of the world’s population were internet users, according to Internet World Stats . Over the coming weeks, we will be sharing stories about our history and rolling out more celebrations, so keep an eye out... Continue reading

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Inside The News
This week Forkliftaction News is celebrating its 25th anniversary! A wonderful achievement given we launched at a time when just 6% of the world’s population were internet users, according to Internet World Stats . Over the coming weeks, we will be sharing stories about our history and rolling out more celebrations, so keep an eye out... Continue reading

PREMIUM business

MAXAM Tire, Inc.
Simplify your productivity with MAXAM's range of performance material handling tires, designed with the latest EcoPoint3 technology.

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Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!