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As we have reported previously, the 'trade war' between the United States and China is already affecting the forklift industry, but now there is a warning that its impact will widen to the broader economy.
The Organisation for Economic Cooperation and Development (OECD) this week cautioned that "the world economy is in a dangerous place", noting that any intensification of the trade tensions would have a negative impact on the American and global economies.
"Unless there is a de-escalation of trade tensions, the outcome could be much worse than in our central scenario," said OECD secretary-general Angel Gurria.
Forkliftaction has never taken sides in the trade dispute, and we won't do so now. But we do join those in the materials handling sector who call for level heads and economic realism.
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| Local News | Editorial articles by Forkliftaction News
| TMHA opens Adelaide facility Australasia News
Adelaide, SA The ongoing growth of Toyota Material Handling Australia (TMHA)'s Adelaide branch prompted a recent move from its former site to a brand-new 12,000 sqm facility in Gepps Cross, South Australia. ... | Safety show wraps up Australasia News
Sydney, NSW The Workplace Health & Safety Show wraps up at Sydney’s International Convention Centre today after opening yesterday.
The event has included a trade show of over 100 top brands. ... | NatRoad Conference ends in Brisbane Australasia News
Brisbane, Qld The 2019 NatRoad Conference held recently in Brisbane attracted over 250 attendees.
Themed “Driving The Future”, the one-day conference featured keynote addresses and sessions led by experts in the ... |
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| | | Global News | Editorial articles by Forkliftaction News
| Cascade buys Scana Steel Booforge
UNITED STATES Cascade Corporation will acquire Scandinavian fork manufacturer Scana Steel Booforge AB from Incus Investors ASA as a wholly owned subsidiary.
Scana is a world-leading manufacturer of customised and large ... | Jungheinrich and Riwal collaborate
GERMANY Jungheinrich and Riwal will work together in the future on an international scale to rent their equipment. Jungheinrich will use Riwal aerial work platforms for logistics centres, while Riwal will ... | Hoppecke launches Li-ion division
UNITED KINGDOM The Hoppecke Group has created a new division for its lithium-ion storage technology business. Known as Intilion, the new division is based in Zwickau and Paderborn, Germany. It oversees all ... |  | Movers & shakers
Kinedyne, ELOKON | H&K Equipment launches collaborative group
UNITED STATES A new forklift dealer group has been established in Pittsburgh, Pennsylvania. H&K Equipment Group is “an affiliation of eight independent companies united under common ownership”.
The H&K Equipment ... | Toyota launches AICHI Vertical Mast Lifts
Toyota Material Handling USA has launched its new AICHI Vertical Mast Lift aerial work platforms to the market.
The AICHI Vertical Mast Lifts feature multi-stage post-style masts providing high ... | Crown recognises Latin American distributors
UNITED STATES Crown Equipment Corporation recently honoured its top-performing distributors in Latin America and the Caribbean. Five distributors earned Ascent Awards for delivering outstanding sales and service performance results in 2018. ... | Konecranes introduces 11 T model
FINLAND Konecranes Lift Trucks has launched a new empty container handler with a double stack capacity of up to 11 tons. The SMV ECC 6/7 110 DS joins the extensive ... | AntwerpXL makes successful debut
BELGIUM AntwerpXL, the new event for the logistics of breakbulk, RoRo and heavy lift industries, has been hailed a major success. The exhibition and conference, which had its debut on 7-9 ... | SingPost and Synagie join to provide solutions
SINGAPORE Singapore Post and Synagie Corporation will collaborate to provide on-demand warehousing and fulfillment solutions to small and medium-sized enterprises (SMEs) in Singapore and South East Asia.
The region’s SMEs ... | Man injured in LA accident
UNITED STATES A man has suffered major injuries when a forklift fell onto him in Industry, California.
The accident occurred in the 100 block of North Baldwin Park Boulevard, according to ... |
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Get in touch: website | shopfront | email
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