Inside Forkliftaction
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Allan Leibowitz introduces news edition #997

Thursday, 22 October 2020 ( #997 )
Editor Allan Leibowitz comments on the news of the week
Editor Allan Leibowitz comments on the news of the week
This week, we report that equipment rental is tipped to fall by 10% in Europe this year, based on market analysis just released. The slump comes after a 4% rise last year, and is attributed largely to the impact of COVID-19. While falling rental rates are hurting the businesses directly involved, the implications are far broader. As we regularly report, hire companies represent a significant market for equipment, with billions of dollars/Euros of stock and a healthy flow of orders for the major manufacturers. Falling demand will not only mean idle fleets, but also a reluctance to continue to invest in inventory - and this will hurt the forklift makers already impacted by falling sales. But end-users are winners in the short term, with rental costs likely to fall as rental businesses seek to keep equipment turning over.
Treviso, Italy Italian forklift maker Raniero has partnered with BSLBATT to launch a line of sit-down counterbalance trucks with integrated, high-voltage lithium-ion power. The new Raniero models provide a zero-emission alternative...
LogiMAT postponed
New Asian event added
AntwerpXL delayed

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Fort Myers, Florida, United States
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Fact of the week

The Japanese word 'Kuchi zamishi' is the act of eating when you're not hungry because your mouth is lonely.
Dragon Escalator, Beijing China
The world's longest outdoor escalator takes visitors to the top of China's largest dam and is also shaped like a dragon.
Hangzhou, China While Western countries are analysing the success of the recent Black Friday/Cyber Monday retail booms, China’s EP Equipment is celebrating the success of Asia’s sales equivalent, Double-11 (September 11...
LogiMAT postponed
New Asian event added
AntwerpXL delayed

Latest Jobs

Brisbane, Australia
Thomas County, Georgia, United States
East Peoria, IL, United States

Fact of the week

The Japanese word 'Kuchi zamishi' is the act of eating when you're not hungry because your mouth is lonely.
Dragon Escalator, Beijing China
The world's longest outdoor escalator takes visitors to the top of China's largest dam and is also shaped like a dragon.
Tessenderlo, Belgium An intermediary holding company, Hyundai Genuine, has been established, following the purchase in August of Doosan Infracore by Hyundai Heavy Industries Group. Doosan Infracore has since been renamed Hyundai-Doosan...
Fairfax, VI, United States Local police have confirmed that a 43-year-old man has died following a workplace accident at the Home Depot in Fairfax, Virginia. Officers and Fire and Rescue personnel responded for...

Latest Jobs

Fort Myers, Florida, United States
East Peoria, IL, United States
Brisbane, Australia