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|To help businesses cope with the economic slowdown, we’re launching a series of helpful articles this week. The first one includes 10 tips to “bulletproof your business” from Australia’s BRW magazine. One tip which we were particularly keen to stress is the call for smart marketing. The magazine cites research by global accounting giant PriceWaterhouseCoopers indicating that survivors of the last downturn kept advertising and marketing through the bad times. When competitors are slashing their marketing spend, smart businesses are boosting their investment.|
Anyway, if you stumble upon useful articles offering survival tips, let us know and we’ll try to share them.
|Downturn survival tips |
|As businesses around the world struggle with the impact of the economic slowdown, there’s plenty of good advice being offered. Forkliftaction.com News will share some of these insights in the weeks ahead, starting with an insightful cover story from one of Australia’s leading business magazines, BRW. Read more|
|EP joins world ranking list |
|Another Chinese company has made its debut on the dhf-intralogistik’s annual world ranking of materials handling manufacturers.|
Chinese-based EP Equipment started manufacturing forklifts two-and-half years ago and in 2007 sold 25,000 vehicles to achieve a turnover of USD1.6 million. It has debuted at 24 on the list.
Last year, Baoli appeared on the list for the first time (Forkliftaction.com News #342) and has moved from 31 to 26.
The 2007/2008 list features 39 materials handling companies, one fewer than in 2006/2007. German company Genkinger-Hubtex slipped off the latest ranking list.
Toyota heads the list again with a turnover of EUR4.9billion (USD6.3 billion), up from EUR4.8 billion (USD7.08 billion) in 2006/2007. Kion achieved second place again this year with a turnover of EUR4.3 billion (USD5.5 billion) up from EUR4.02 billion (USD5.89 billion) in sales.
Komatsu moved up one place to eighth, recording an annual turnover of EUR1.09 billion (USD1.14 billion) - up from EUR851million (USD1.09 billion) in 2006/2007.
Irish forklift producer Combilift and German materials handling specialist Hubtex continued their climb up the rankings, moving from 23 to 22 and 25 to 23 respectively.
US-based Crown Equipment Corp’s slip from sixth to seventh reflects the effects of the fluctuations in exchange rates.
Wolfgang Degenhard, editor of dhf, says the rankings reflects an increase in turnover and the number of units sold for 2007/2008 but he questions whether this will continue into the future.
Companies need to turn over a minimum of EUR10.2 million (USD13 million) to be included in the list. Degenhard says the vast majority of worldwide materials handling manufacturers are not mentioned as result of this criterion.
The largest manufacturers were: Toyota, Kion, Jungheinrich, Nacco, Mitsubishi, Cargotec, Crown, Komatsu, Manitou and Nissan.
Click here to view the 2007/2008 world ranking list
|Staff shed amid poor results |
|Cargotec has reported falling sales in its latest financial statements for 2008, with both demand and sales dropping in the second half because of the global financial crisis. |
The Kalmar and MacGregor divisions both grew throughout 2008; but poor sales for Hiab in the second half held back the group's growth.
However, group sales grew 13% over the full year and continued to rise in the last quarter to EUR924 million (USD1.1 billion) from EUR868 million (USD1.1 billion).
The company says its financial results reflect a year of two distinct halves: “The first half was characterised by soaring demand, which then plummeted due to the global financial crisis and slowing markets, especially in Hiab."
Meanwhile, in the United States, Terex has revised its earnings guidance because it expects earnings to fall around 5% due to the economic decline in the final quarter of 2008.
Ron DeFeo, CEO and chairman of Terex, says smaller cranes and tower cranes were among the products hit by the downturn.
The company had predicted earnings per fully diluted share of between USD5.69 and USD5.79; but is now flagging USD5.40 per share.
DeFeo says the fourth quarter 2008 results were affected by the rapid change in global economic conditions as well as continued input cost pressure.
“We continue to feel the negative effect that credit availability has on customer sentiment and demand for our products, particularly in our construction, materials processing and aerial work platforms businesses, as well as our smaller crane and tower crane product lines,” he says.
Terex is taking aggressive actions to reduce costs and inventories in all of its businesses.
In similar vein, Manitowoc Cranes will lay off around one in five of its workforce – up to 22% - because of a drop in demand.
Eric Etchart, president of Manitowoc Cranes, told analysts that 2008 was the company’s “best year ever” in the crane segment, with very strong demand in the first half of the year. However, this was followed by an accelerated decline in demand during the second half.
He says the worst markets are in western and southern Europe where cancellations have directly affected Manitowoc’s lines of self-erecting, top slewing tower cranes and mobile hydraulic product line. “Our total crane backlog in Europe has declined by almost 80% compared to the same period last year. This reduction in backlog has left us with the need to ‘right-size’ our employment levels.”
Layoffs will occur in France, Portugal, China, India and Manitowoc’s Shady Grove facility in Pennsylvania.
|Terex appoints Scottish distributor |
Motherwell, Scotland, United Kingdom
|Terex UK has appointed Scotia Plant Ltd as its regional distributor in Scotland.|
Scotia Plant, part of the Ballyvesey Group, a road transport and construction equipment manufacturer, will cover and distribute the range of Terex Construction compact equipment.
It will cover the Scottish borders from Forfar in the east to Fort William in the west. Scotia Plant will also promote the Genie telehandler range.
Simon Gamble, Scotia’s managing director, says the company is delighted that Terex has chosen it as the distributor for the region. “We are fully focused and intend to meet the aspirations of growth expected by the Terex organisation,” he adds.
|Rocla opens new sales office |
|Finnish automatic guided vehicle (AGV) manufacturer Rocla has opened a new sales office in Benelux in a move to strengthen its AGV business. |
Roberto Santoro, the new AGV sales manager in Benelux, says Rocla sees tremendous growth potential in warehouse automation. “Rocla’s AGV solutions give customers flexible and cost-effective ways of handling routine tasks in warehouses.
“Now we can offer customers local consultations to meet their most demanding automation needs,” he adds.
Rocla has been developing AGV systems since 1983 and has delivered almost 8,000 vehicles to more than 1,000 customers.
Rocla introduced the world’s first serially manufactured automated warehouse truck a year ago and received the AGVS Award in October last year for its AGV’s innovation and usability (Forkliftaction.com News#380).
|Take your news to even bigger audiences.|
|The global search giant Google recently included Forkliftaction.com News in its special news service, placing our content alongside some of the leading media around the world within hours of each newsletter’s publication.|
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This process also pushes your news and features into many of the Google ‘News Alert’ subscriptions in the materials handling sector, providing even more exposure for your business and products.
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|Production begins on new reach trucks |
Brantford, ON, Canada
|Manufacturing of new separately designed reach truck models for sister brands Toyota and Raymond has begun in a Brantford factory. |
Models of the 8-Series AC reach lift truck from Toyota and the model 7600 Reach-Fork truck from Raymond were displayed in separate ProMat 2009 exhibits in January.
Within their separate networks, Toyota Material Handling USA Inc (TMHU) of Irvine, California will distribute the new 8-Series AC forklifts through 68 authorised dealers with a total of 190 locations throughout the United States, and Raymond Corp of Greene, New York will distribute the 7600 Reach-Fork trucks through its 33 North American authorised service centers with a total of 105 branches.
Three models in the new Toyota 8-Series AC have an AC-powered drive system and AC-powered hydraulic system (on 36-volt models). The models include a single-reach lift truck with 3,500 or 4,500 pound (1,575 or 2,025kg) lifting capacities and a 3,000-pound (1,350-kg) capacity double-reach unit. Three new masts bring the height offerings to nearly 30.5 feet (9.1m).
The new Raymond model 7600 is available with a 4,500 pound (2,025-kg) capacity, lifts up to 37 feet (11.1m), comes with AC motors on both lift and drive, allows an operator to sit or stand depending on the material handling task and has an open view mast—no centre cylinder—for better operator visibility. Raymond Deep-Reach configurations offer an industry-leading 3,200 pound (1,440kg) capacity for that function.
The manufacturing site in Brantford builds the new Toyota and Raymond equipment under a synergistic corporate relationship. In the US, the Toyota and Raymond brands remain separate but benefit from shared technology, marketing and distribution.
Most of the Toyota materials handling product line sold in the US is made in North America with a large majority produced at the Toyota Industrial Equipment Manufacturing facility in Columbus, Indiana. In 2006, Toyota introduced its 8-Series internal combustion forklift line, which surpassed 2007 US emission standards and, ahead of schedule, 2010 California emission standards.
In 2000, Toyota Industries Corp of Kariya, Japan acquired forklift truck corporation BT Industries AB of Linköping, Sweden along with BT subsidiaries Raymond and Cesab SpA (Carrelli Elevatori SpA) of Bologna, Italy. BT, now operating as Toyota Industries Sweden AB, oversees more than 90 materials handling-related subsidiaries with eight factories, including Raymond sites in the US and Canada.
|Nuvera, East Penn end forklift-related project |
Billerica, MA, United States
|Nuvera Fuel Cells Inc and East Penn Manufacturing Co Inc have opted to conclude a four-year forklift-related fuel cell project and proceed down separate paths. That includes new fuel cell technology that Nuvera expects to introduce in a few months.|
Nuvera intends to pursue further development of electrochemical fuel cells producing electricity from hydrogen and oxygen and fuel processor facilities converting conventional fuels to hydrogen, while East Penn plans to continue on its current fuel cell hybrid development path. East Penn makes thousands of different sizes of lead-acid batteries.
Nuvera of Billerica and East Penn of Lyon Station, Pennsylvania started a joint development in November 2004 to develop hybrid systems involving fuel cells and batteries for Class 1 and 2 forklifts as an alternative to standard lead-acid batteries. Nuvera said last week its program with East Penn had ended on mutually agreeable terms.
The project’s goal for forklift use was a single product consisting of hydrogen protein-exchange-membrane fuel cells and advanced batteries.
Under the joint agreement, trials in an East Penn distribution center in Topton, Pennsylvania began in 2006 and, as of December 2008, had logged more than 13,000 hours on 15 Class 1 and 2 forklifts with capacities of 3,000 to 5,000 pounds (1,350 to 2,250kg).
“Some (forklifts) are part of our normal operating fleet, and others were brought in specifically to test with the fuel cell units,” says Jim Rubright, who manages East Penn fuel cell activities.
During the trial period, the forklifts consumed more than 5,300 kg of hydrogen with more than 4,700 refilling events provided by Nuvera’s PowerTap onsite hydrogen generator and dispensing system.
“We are still using fuel cells in some of those trucks and will continue to evaluate the technology in our operation,” Rubright says. “The design of the (Nuvera) ReadyPower fuel cell units being run today is very different from the early units, which are no longer in operation. Our experiences with those first units have led to significant design enhancements, which have been incorporated into the units we are operating today.”
Nuvera is moving forward.
“We talked to dozens of forklift trucks owners and operators before deciding to pursue this market back in 2004,” Roberto Cordaro, Nuvera president and chief executive officer, said in a statement. “We solicited their input and used them to design and develop our product. We tested several iterations of our product in normal duty by operators of our partner’s forklift trucks… With our suppliers’ involvement, we were able to meet, and in some cases exceed, the customers’ requirements.”
Nuvera will manufacture its own product for the forklift market and, as noted, anticipates making a market introduction in a few months. Meanwhile, Nuvera will move forward with its existing forklift product, ReadyPower.
Rubright says East Penn continues a good working relationship with Nuvera. “East Penn will continue to evaluate the fuel cell technology and its viability in material handling applications,” Rubright notes. “We also have units deployed in the field which are part of ongoing evaluation efforts.”
East Penn remains committed to its core business of lead-acid batteries. “We feel that batteries have many advantages to offer in material handling applications,” Rubright reports. “Also, batteries are still evolving as an extremely effective way to power electric lift trucks.”
East Penn aims to offer customers the best available solution for individual applications. “To accomplish this, we must be proficient at other technologies like fuel cells as they develop,” he says. “In doing so, we become a better supplier because we can utilize our experience and expertise to truly help our customers determine which solution is best for them.”
|New battery charging technology at LogiMAT |
|Austrian company Fronius will demonstrate its new battery charging technology at the LogiMAT fair in Stuttgart in March.|
The company claims its new active inverter technology is capable of charging batteries fully.
Fronius says active inverter technology is energy efficient, delivers a constant level of power throughout the entire charging process, is compact in design and has high safety standards. The technology can help reduce ongoing operating costs and protect the environment.
Chargers based on inverter technology are slightly more expensive than conventional chargers that use 50 Hz transformer technology, but offer a number of advantages.
Inverter technology is able to charge the battery fully, which can increase the life of the battery by two years. Inverter technology also reduces electricity costs by up to a third and can save space, as it is up to 70% smaller than conventional technology, the company claims.
At LogiMAT, Fronius will help visitors work out how this battery charging technology will suit their organisation’s needs.
LogiMAT 2009 is the seventh international trade fair for distribution, materials handling and information flow. The fair will be held from 3 to 5 March at the new exhibition centre at Stuttgart Airport.
|New Products |
Jungheinrich has launched two new order pickers that have been developed to meet the demand for flexibility and high picking performance over long shifts.
The Series 2 and 3 – EKS 210 and EKS 312 – vertical order pickers have an in-built RFID warehouse navigation system that enables the operator to receive picking instructions from the warehouse management system. Tests have shown that this feature can potentially boost productivity within the warehouse by up to 25%.
The instructions are accepted via an onboard terminal and the order pickers are automatically guided by the warehouse management system to the location where the goods are stored. The system ensures the order picker travels by the shortest route and at the optimal speed, which reduces energy consumption.
The automated system means the operator cannot go to the wrong location, thereby reducing picking mistakes.
The RFID transponders are the size of a thumbnail and are easily inserted into the floor within the aisles of the warehouse or distribution centre. The order picker is equipped with readers so when it passes over a transponder its position is pinpointed.
The EKS 210’s chassis is 900 mm (2.9 feet) wide and less than 2.7 metres (8.8 feet) long and the truck has a top speed of 9 km/h (5.5 mph) and has a turning radius of just 1,550mm (4.9 feet). With a capacity of 1,000kg (2,200 pounds), it is capable of lifting to heights of up to 6 metres (19 feet). The EKS 210 is designed for safe use in wide aisles where more than one vehicle might be operating.
The EKS 312 is a very narrow aisle (VNA) machine capable of lifting loads of up to 1,200 kg (2,600 pounds). It has a maximum lift height of 9.5 metres (31 feet) and a top speed of 10.5 km/h (6.5 mph) . With a width of 1,000mm (3.2 feet) and at just over 3.3 metres (10.8 feet) long, it has a turning radius of 1.65 metres (5.4 feet).
Greene, NY, US
The Raymond Corporation has launched its new versatile and productive sit/stand reach truck.
The 7600 Reach-Fork truck allows the operator to sit or stand, depending on the task being performed. The operator can choose to use the cushioned suspended seat for longer runs.
This model features an ergonomic seat that flips up and out of the way to allow the operator to use the machine in a standing position. Two separate deadman pedals are featured - one for seated use and one for standing operation.
Susan Comfort, product manager, Class II products, for The Raymond Corporation, says this model was designed to accommodate different operator sizes. “An ergonomic operator compartment, and adjustable seat and steering column provide flexibility for different forklift operators.”
Charlotte, NC, US
Tyre manufacturer and distributor Solideal has launched its latest solution for the compact construction industry.
The Max Duty skid steer loader wheel is built stronger and heavier for extended service life and fewer problems. The tyres can be fitted to the industry’s most popular brands including Bobcat, Caterpillar, Case, John Deere and JCB.
|Wisconsin Lift Truck recognised for customer service |
Brookfield, WI, United States
|US material handling company Wisconsin Lift Truck Corp (WLT) has been recognised as the 2008 Five Star Customer Service Dealer from Cat Lift Trucks and Mitsubishi Forklift Trucks.|
The recognition is given to dealers that embrace best business practices, exceed benchmarks and offer superior services to their customers.
Jerry Sytsma, parts manager for Cat Lift Trucks and Mitsubishi Forklift Trucks, says it takes an excellent parts and service department to achieve this recognition.
Jerry Weidmann, Wisconsin Lift Truck’s president, says the company is committed to taking care of its customers by providing value-added solutions, superior service, and quality products delivered with a sense of urgency. “Each time a customer interacts with us, we work to confirm or reconfirm their decision that Wisconsin Lift Truck is the supplier for them.”
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|Portable lift wins award |
McConnellsburg, PA, United States
|US-based manufacturer and marketer of access equipment JLG Industries has won the Show Stopper Award at the National Electrical Contractors Association (NECA) 2008 Convention and Trade Show for its LiftPod personal and portable lift.|
LiftPod won the award because of its unique design and ability to improve contractor and maintenance worker performance. The JLG LiftPod is a portable aerial work platform designed to replace the ladder.
The LiftPod reaches a 14-foot working height and is operated using a common 18-volt drill or optional power pack.
|Exhibitors for IMHX announced |
Birmingham, United Kingdom
|A number of automated system suppliers have booked stands at the next International Materials Handling Exhibition (IMHX) in 2010 in the UK.|
Over 70% of floor space has been sold despite the economic climate.
Rob Fisher, IMHX event director, says leading automated solution providers Dematic, Knapp, SDI Group, SSI Schaefer, E & K Automation, Kasto, Industore and PSB have confirmed they will exhibit.
Fisher says IMHX is negotiating with several other key automation firms.
The exhibition will be held from 2 to 5 March 2010 at the NEC in Birmingham and will highlight thousands of products and services under the slogan ‘Inspiring Materials Handling eXcellence’.
David James, managing director of Knapp UK Ltd, says that because IMHX only takes place once every three years, it is a key consideration in the company’s marketing plans. “It is undoubtedly the biggest UK materials handling show, in terms of footfall and exposure.”
Phil Makowski, marketing manager for Dematic, says events such as IMHX are the ideal opportunity to showcase the company’s products to a wider audience.
Other recent exhibitors to sign up for IMHX 2010 include Crown, Still Material Handling, Norco TBM, Ban-Air, ICEM, Ravas, Eblo Seating, Rehig Pacific and Big Ass Fans.
The event will feature materials handling equipment, health and safety systems, software solutions, racking and shelving, storage systems and pallets and palletising.
For further information on exhibiting at IMHX 2010, contact Rob Fisher on 01895 454600 or visit IMHX.
|Sales seminar dates announced |
Vernon Hills, IL, United States
|US trade organisation Material Handling Equipment Distributors Association (MHEDA) has announced the “Four Pillars of the Sales Profession” seminar will be held from 17 to 19 March in Dayton, Ohio. |
This two-and-a-half-day program is being co-sponsored by the Association Education Alliance and will be presented by Don Buttrey, president of Sales Professional Training Inc.
Attendees will learn how to document value-added services and sell them to customers, as well as working on a target account to gain practical, hands-on tools for better face-to-face selling.
Selling skills will be covered in discussions, workshops and role-plays. Topics such as relationship skills, communication, people skills, and selling customer benefits and value versus price will be discussed.
Registration is $895 for association members and $1,695 for non-members. The fee includes training, take-home materials, breakfast, breaks and lunches.
|Two die in forklift, boom lift incidents |
|A stand-up forklift operator in San Diego, California and one of two workers in a boom lift bucket in Boston, Massachusetts have died in accidents.|
In the San Diego incident, the operator died from injuries incurred when the material handling unit tipped over and crushed him at a municipal landfill.
The medical examiner’s office identified the San Diego man as Lee Haleem, 42, who was moving his business and, in the process, visited the landfill.
Haleem was unloading the forklift from a Penske Truck Rental vehicle and backed the forklift over the tailgate. The fire-rescue department spokesman said the forklift tipped over although Haleem tried to hold it upright. He died within an hour at a local hospital.
City officials closed the landfill’s recycling facility for several hours after the 6 February accident and initiated an investigation.
On the other side of the US, an elevated boom lift collapsed in a busy Boston neighbourhood and tossed two men from the bucket, killing James Williamson and seriously injuring Greg Johnson, according to fire department and hospital reports.
The men, employees of Reliable Roofing & Sheet Metal LLC of Framingham, Massachusetts, were inspecting the roof of a seven-story dormitory at Suffolk University. Leasing firm Height 4 Hire provided the boom lift, which a contractor cut into pieces and removed from the accident scene.
Onlookers in the Downtown Crossing area scattered as the falling boom lift touched a book store’s outdoor display of paperback volumes, landed in a paved lot and partially crashed into another building. Several shoppers at the book display escaped harm in the 7 February incident.
The US Occupational Health and Safety Administration has begun an investigation.
|Business and forklifts up in smoke |
Kinglake, Victoria, Australia
|Kinglake timber supplier, Add the Beauty of Timber, was just one of the many businesses in Victoria wiped out by the devastating bushfires.|
Director Craig Falla tells Forkliftaction.com News that a forklift and telehandler were destroyed along with close to AUD2 million worth of timber.
“Everything burned to the ground including a big shed on the property that had just been built and my truck.”
Falla, along with his business partner Mark Strubing, saw the fire approaching and had only time to hide in a drainpipe as the fire swept over them.
The company, which has been in operation for the past three and a half years, dealt in recycled timber and salvaged timbers supplied to the public, builders and wholesalers.
While the business now lies in ruins, Falla is hopeful that one day it will be up and running again.
Meanwhile, managing director of Red Australia, Mick Narikiyo, has issued a challenge to other forklift companies to help raise money for the bushfire appeal.
The company is donating AUD10,000 to help families and communities devastated by the recent bushfires in Victoria.
In addition, Red Australia employees are encouraged to donate to the appeal and the company will match employee contributions dollar for dollar.
|Fresh produce distributor renews forklift contract |
Derrimut, Victoria, Australia
|Australia's largest private wholesaler/distributor and exporter of fresh produce, Costa Logistics, has renewed its materials handling contract with Linde Australia.|
The company’s distribution centre in Victoria distributes fresh and perishable produce to 196 Coles supermarkets from its purpose-built facility. The high-velocity operation handles up to 12,000 inbound and 12,000 outbound pallets every week and operates seven days a week, 52 weeks a year.
The 13,400sqm warehouse in Derrimut has used Linde equipment for the past seven years, and recently renewed its contract for a five-year lease term. In terms of the agreement, all 82 units used at the centre were replaced with new equipment consisting of 17 electric counterbalance units and 65 low-level order pickers and pallet loaders.
According to Costa national logistics manager Tavita Sao, the company had no hesitation choosing Linde again. “We had dabbled with other brands but felt that Linde lift trucks give us greater operator performance through their highly ergonomic designs – and for us, performance is the key. All backed by a truly comprehensive service package.”
In line with industry standards, all the forklifts are electric to prevent any exhaust contamination of the fresh produce.
|Annual logistics forum this week|
Melbourne, Victoria, Australia
|The annual Australian Logistics Council Forum takes place this week on 12-13 February in Melbourne.|
Among the guest speakers are federal minister for infrastructure, transport and regional development Anthony Albanese, Victorian minister for roads and transport Tim Pallas, and Toll Holdings MD Paul Little.
The ALC Forum will cover the gamut of issues facing the transport and logistics (T&L) industry including the national transport policy, infrastructure, regulation, safety, energy and environment and people.
According to ALC chairman Ivan Backman, the forum will set the strategic direction for the ALC’s work in 2009 and help ensure the T&L sector works together to bring about the changes required to put Australia ahead of the rest of the world.
|Industry trials to reduce logistics costs |
Sydney, New South Wales, Australia
|The first of three industry trials aimed at improving the performance of Port Botany’s container terminals and reducing costs of road and rail logistics to and from the port will kick off next week.|
“Over a two-week period commencing February 16, Sydney Ports in its first industry trial will benchmark the port’s existing performance to support greater transparency of industry logistics chain performance,” says Sydney Ports Corporation chief operating officer Paul Weedon.
“Sydney Ports will use the first trial to baseline current performance across the logistics chain including container terminals, carriers and empty parks.
“We’ll collect data to validate the proposed performance measures in scope for the second trial in April and for input into other project activities,” says Weedon.
Sydney Ports’ aim is to reduce landside delay around Port Botany’s cargo terminals and reduce the total cost of road and rail logistics by promoting consistent landside service by all service providers.
He says it is the first time in Australia a port management organisation has moved away from the landlord model of port management to become actively engaged in managing and executing improvements to the ports logistics chain.
Trial 1 will look at:
• Slot Availability and Utilisation - number available, number utilised
• Vehicle Processing Time - from queuing to out gate
• Container Dwell times - impact on efficient terminal operations
• Dual Slot Running - use of dual slots, export / import
• Electronic Processing - gauging benefits of full electronic processing
• Industry Communications - frequent and transparent communications
Weedon says the logistics strategy has been driven through the two task forces, the Port Botany Road Taskforce and the Port Botany Rail Team.
|Small glimmer in job advertising|
Melbourne, Victoria, Australia
|Job advertising fell again in January, marking the ninth consecutive monthly decline, according to the ANZ Job Advertisements Series released this week.|
All of the weakness was due to a large fall in internet ads, which declined 7.3% in the month. A bright note in the report, however, was a strong bounce in seasonally adjusted newspaper job ads in January.
“Although internet job ads remain weak, we are encouraged by the jump in newspaper advertising. Although by no means a strong signal that the worst is over for job advertising, it does provide some tentative evidence that the government’s first fiscal stimulus package may be having a positive impact on the labour market in early 2009,” says ANZ head of Australian economics Warren Hogan.
“Despite the 12.3% rise in January, newspaper ads are still 40.8% below year ago levels. We will need to monitor the underlying trend in advertising over the months ahead to see if the improvement in January continues.
“Overall job advertising remains weak and is consistent with the rising trend for unemployment over the year ahead. ANZ expects unemployment to breach 6% in 2009 before eventually peaking at around 7% in 2010.”
He adds that the extraordinary amount of monetary and fiscal stimulus running through the Australian economy over the first half of 2009 will have the effect of supporting positive economic growth.
“Whether this short-term boost to growth proves to be more resilient and prevents a renewed slowing in growth later in the year will in no small part be determined by the extent to which stronger spending supports employment growth.”
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Editorial Calendar 2009
Rough Terrain forklifts
Safety products in MH
Forklift Market in Canada
Forklift Market in the United Kingdom
Fleet & Asset management
Narrow Aisle forklifts
Forklift batteries and power solutions
Forklift Market in India