Allan Leibowitz introduces news edition #997

Inside Forkliftaction
- 22 Oct 2020 ( #997 )
1 min read
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.

Movers & Shakers

CEO - Region Americas
DB Schenker, United States
president and CEO
Seegrid Corporation, United States
Chairman
National Road Transport Association, Australia
CEO
Beumer Group, Germany

Movers & Shakers

CEO - Region Americas
DB Schenker, United States
president and CEO
Seegrid Corporation, United States
Chairman
National Road Transport Association, Australia
CEO
Beumer Group, Germany

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Inside Forkliftaction

Just when you thought ICE had gone cold, German manufacturer Linde announces a new line of diesel- and LPG-powered forklifts designed for heavier loads.
Sure, there are many battery-powered machines that can cope with heavy loads, but Linde clearly recognises the trust that many owners still place in ICE.
At
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