Allan Leibowitz introduces news edition #525

Inside Forkliftaction
- 4 Aug 2011 ( #525 )
1 min read
Editor Allan Leibowitz comments on the news of the week
Editor Allan Leibowitz comments on the news of the week
It's hard to remain upbeat after the market devastation on the major stock exchanges in the past couple of days. Billions of dollars have been wiped off the world markets, mostly on fears of government debt defaults. This obviously creates some uncertainty at all levels of the economy and potentially dampens demand for forklifts which was slowly recovering. Planning folk at the forklift manufacturers have their work cut out because not only are they dealing with volatility, they are also flying blind since there's a delay before they hear about the possible impacts on their customers. Ironically, the financial troubles come as many major companies report positive trends, but that optimism may not be enough to overcome the stock crashes.
Little Rock, AR, United States A US Department of Labor investigation has determined a Carrollton, Texas lumber supplier and retailer could have prevented the death of an 18-year-old worker who was struck by a...
Brussels, Belgium The European Rental Association (ERA) has released a new study, The impact of digitalisation in the equipment rental industry report , which aims to raise awareness among all rental ‎companies...

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Semax Material Handling AB
Unique forklifts from 6-25t that increase safety and efficiency.

Inside Forkliftaction

The year is not even a month old, and already we are seeing increased acquisition activity in the US dealer market.
One has to ponder the reasons for this surge, and no doubt, intensifying competition is a major driver. In order to prosper, dealers need critical mass, access to multiple
...Continue Reading

Fact of the week

From 1912 to 1948, gold, silver and bronze medals were awarded for literature, architecture, sculpture, painting, and music as part of the modern Olympic Games. Art works were required to be inspired by athletic endeavors. After heated debate about their place in the games, the art events were eventually removed. The 151 medals awarded were officially stricken from the Olympic record.
Lawrence, MA, United States Abel Womack has purchased the assets and customer base of NECO Systems, a Connecticut-based forklift and materials handling organisation for nearly 27 years. Tom Franceskino, NECO president and former...
Norcross, GA, United States C & B Material Handling has acquired the assets of Jefferds Corporation and its Homestead Material Handling Company subsidiary, expanding Hyundai’s footprint in North America. With multiple dealer locations, Jefferds...

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In the Virtual Expo

NL Series 5-10ton Li-ion Battery Forklift from UN Forklifts
Based on the success of the 2.0-3.5 ton NL series, UN Forklift has developed this 5-10 ton Lithium Battery Counterbalance Forklift, using UN's internal combustion design.

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Inside Forkliftaction

The year is not even a month old, and already we are seeing increased acquisition activity in the US dealer market.
One has to ponder the reasons for this surge, and no doubt, intensifying competition is a major driver. In order to prosper, dealers need critical mass, access to multiple
...Continue Reading