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:
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
MHI donates to talent pipeline News Story - 9 Jan 2025 - Charlotte, NC, United States - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

BSL New Energy Technology Co., Ltd
BSLBATT - practical expertise and excellent design in the industrial lithium-ion battery market.

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Words of support …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

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

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Inside The News
As part of Forkliftaction’s 25th anniversary celebrations, we have dug into the archive and, over the next year, will be highlighting a carefully curated selection of historical stories we have published over this time... Continue reading

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

Forkliftaction's JOB MARKET

Inside The News
As part of Forkliftaction’s 25th anniversary celebrations, we have dug into the archive and, over the next year, will be highlighting a carefully curated selection of historical stories we have published over this time... 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.

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

Forkliftaction's JOB MARKET

“Over the years, your platform has played a key role in expanding our global presence — connecting us with industry professionals and promoting our advanced products, including our 50T electric forklift...Forkliftaction has helped us stay informed and competitive in a rapidly evolving market…”  - Bill Cai, Director, Overseas Division, Fujian Southchina Heavy Machinery Manufacture Co., Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.