MHI quantifies industry impact

News Story
- 24 Oct 2019 ( #946 ) - Charlotte, NC, United States
1 min read
MHI has released a report on the economic impact of the materials handling sector, estimating a headline contribution of USD173.2 billion in GDP, as well as USD39.3 billion in taxes in 2018.

The report, Handling the US Economy: The Economic Impact of the Material Handling Industry, prepared with the help of Oxford Economics, explores the relationship between materials handling and the wider economy of the supply chain, finding that "the economic contribution of this industry extends far beyond the locations where [equipment] is manufactured... or designed".

"This report shows just how important the materials handling industry is to keeping our economy thriving," says George Prest, CEO of MHI. "Not only do we provide the actual goods that handle materials, we also provide support services such as consulting, leasing and design services to generate more value throughout the supply chain and the wider economic environment."

Further key findings include:

  • The materials handling industry supported nearly 1.6 million jobs in 2018 - more than 400,000 directly and almost three times as many indirect jobs in the supply chains of materials handling companies or through the wage spending of those employed by the firms themselves or their supply chains.

  • While the materials handling industry has a substantial impact in every US state, the largest impact is felt in the Great Lakes region (USD50.4 billion), followed by the Southeast region (USD37.9 billion) and the Far West region (USD23.6 billion). California was the biggest beneficiary state last year, earning or generating USD18.0 billion.


To see the full report, go to mhi.org/economic-report.
Business Activity Index reveals mixed data for sector
Business Activity Index reveals mixed data for sector 3 Oct 2024 - Austin, TX, United States - 2 min read
Confidence surges in June
Confidence surges in June 25 Jun 2020 - Washington, DC, United States - 1 min read
US economic growth to continue in 2020 - ISM
US economic growth to continue in 2020 - ISM 12 Dec 2019 - Tempe, AZ, United States - 3 min read
Previously about:
Women in Industry Conference to be held in November News Story - 9 Oct 2025 - Rosemont, IL, United States - 1 min read
ProMat 2025 proves to be the biggest in its history News Story - 27 Mar 2025 - Chicago, IL, United States - 1 min read
Winners of 2025 MHI Innovation and Startup Awards announced News Story - 27 Mar 2025 - Chicago, IL, United States - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
In this week’s Forkliftaction News , we report on the GEP Global Supply Chain Volatility Index which shows Asian supply chains are at their busiest since June 2022 while the US and Europe’s supply chains remain under-utilised. One of the report authors describes the situation as being “as stable as it’s going to get”... Continue reading

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

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

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

Forkliftaction's JOB MARKET

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

PREMIUM business

ROYPOW
Manufacturer of lithium forklift battery solutions, the global leader in the market of lithium batteries replacing lead acid batteries.

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

Forkliftaction's JOB MARKET

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

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

Forkliftaction's JOB MARKET