Inside the News - Edition #364

Allan Leibowitz -
Inside the News
- 12 Jun 2008 ( #364 )
1 min read
This week's record oil price must have sent shivers through owners of large petrol-powered forklift fleets. The flip-side of sky-rocketing fuel costs must be the huge opportunity for electric-powered trucks - a market niche already recognised by this week's profiled business, Material Handling Inc. Since 1975, the company has managed to convince customers to abandon more than 2,000 LPG-powered forklifts in favour of electrics - and that was before USD138/barrel oil prices. No doubt the petrol-powered sector represents an even bigger opportunity. The future clearly must be looking brighter for all alternatives to oil-based fuels - and for any innovations which improve fuel efficiency. And as costs at the petrol pump rise, expect to see a flood of used petrol forklifts. What's yellow and goes "cheap"? A petrol-engined forklift!
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Inside The News
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading
Upcoming in the editorial calendar
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ASSET FINANCE
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Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist

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Upcoming in the editorial calendar
MANAGING MIXED FLEETS
Oct 2025
ASSET FINANCE
Nov 2025
Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist

Showcased in the Virtual Expo