News Edition #1103 - 17 November 2022
This copy is for Preview, Australia
The cancellation of the merger of all mergers - Cargotec and Konecranes - continues to have repercussions, with Cargotec deciding to put its MacGregor business on the market.
But, as we report this week, now is not the time to be offloading subsidiaries, with so much market uncertainty. So, there's no word yet about when the maritime cargo and load-handling solutions provider will be up for sale.
There is probably also some caution about who can buy the division, given the tough anti-monopoly legislation which halted the Cargotec-Konecranes deal.
Meanwhile, we also report on Oshkosh's acquisition of Italy's Hinowa, further cementing a 12-year relationship which saw Hinowa produce JLG compact crawler boom lifts.
Oshkosh is hoping to not only expand its product line and European footprint, but also to tap into Hinowa's electrification expertise.
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Safe Work Australia has released its latest industry analysis, Key Work Health and Safety Statistics, Australia 2022 , showing a continuing fall in workplace fatalities. The report shows that 169...
DHL Supply Chain has announced an AUD150 million (USD100 million) investment in warehouse robotics solutions and automation at its Australian warehouses. This will support faster delivery to customers, improve...
Thieves have allegedly used a forklift to steal a ride-on lawn mower, tools and a classic vehicle worth $300,000 from a property in Melbourne's outer north-west. According to media...
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Oshkosh Corporation has entered into a definitive agreement to acquire Hinowa S.p.A., a privately held international company and leading manufacturer of track-based aerial work platforms, mini-dumpers, lift trucks and...
Jungheinrich experienced a "solid third quarter", according to its latest earnings report. The German intralogistics group reported a slight improvement in earnings in the first nine months of the...
Cargotec will put its MacGregor business up for sale - but not immediately. Cargotec has completed its strategic evaluation of MacGregor and the board of directors has concluded that MacGregor...
Yale Europe Materials Handling has released the MS20XD Platform Double Stacker, capable of loading two pallets at once, which can result in time and cost savings for the customer...
San Antonio Terminal Internacional (STI) has started to receive delivery of 19 Konecranes Liftace reachstackers and a Konecranes Liftace empty container handler at its operations in the Port of...
Finnish postal operator Posti plans to invest EUR100 million (USD103 million) in a new logistics centre in Southern Finland. The company has shortlisted municipalities and cities interested in the...
A former American military contractor pleaded guilty to involuntary manslaughter for fatally striking an active duty US Air Force medical doctor with a forklift as she was walking on...
The Port of Oswego (POA) has been awarded USD754,000 toward the cost of a reachstacker as part of its short sea shipping project from the USDOT America's Marine Highway...
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LAST WEEK'S MOST READ
MOVERS & SHAKERS
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chief financial officer, InstaFreight, Germany
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FACT OF THE WEEK
Critics of the design of the Eiffel Tower in Paris initially described it as 'monstrous', 'useless', 'ridiculous' and a 'hateful column of bolted sheet metal'. Some architects even thought it was physically impossible to build a structure of such a height. An official petition was launched to try and stop its construction.
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