News Edition #1117 - 2 March 2023
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The financial reporting season continues to reveal solid performance on both sides of the Atlantic, with major manufacturers overcoming unprecedented challenges to produce healthy profits.
However, in Asia, the story is not so rosy, with China reporting its first sales slump in recent history.
Overall sales fell almost 5% last year, with domestic shipments even harder hit - down 12.4%.
But Chinese analysts are expecting improvement in the next couple of years as the market enters "a new round of growth".
AUSTRALASIA NEWS
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As New Zealand counts the cost of recent floods in Auckland and Northland and the devastation caused by Cyclone Gabrielle, transport and logistics groups are calling for resilience. Dave...
The National Road Transport Association is calling for concessions for the heavy vehicle industry following the collapse of Scott's Refrigerated Logistics. "Scott's is a vital link in the backbone...
“…I'm happy to report that we recently appointed an ideal candidate who found us via the Forkliftaction ad. This speaks volumes from my point of view.”
- Hamish Clark, President - SEEN Safety Inc.
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WORLD NEWS
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For the first time in recent history, equipment sales fell in China last year. According to Zhang Jie, secretary-general of the Industrial Truck Institution of China Construction Machinery Association...
Hyster-Yale Materials Handling has announced healthy increases in revenues, profits and unit prices for the last quarter of 2022. Fourth-quarter 2022 forklift revenues increased by 19.7% from the prior...
Record revenue, driven by a strong performance in the Americas, has underscored a robust financial year for Palfinger. The Austrian manufacturer of hydraulic lifting, loading and handling systems, which...
Industrial auction giant Ritchie Bros. is calling on shareholders to support a takeover of IAA, a leading global digital marketplace connecting vehicle buyers and sellers. The two parties announced...
M. Kevin McEvoy, Oceaneering International Donald Houston, Narrow Aisle Olivier Prigent , InstaFreight
Wiggins Lift has selected Loop Energy to provide the fuel cell system for its new hydrogen-powered eBull forklift product. Loop Energy will deliver the system and begin commissioning in...
Porto Itapoa, a Brazilian container terminal on the northern coast of Santa Catarina, is awaiting the arrival in December of a ship-to-shore (STS) container crane and 10 hybrid rubber-tyred...
Baoli Material Handling Europe has introduced its KBS 12 pallet stackers in Europe, the Middle East and Africa. The KBS 12 is offered in three variants: KBS 12, KBSI...
Representatives of the Port of Valencia recently visited Hyster-Yale Group facilities in Weeze, Germany to test the operation of the H2Ports hydrogen reachstacker. Stevedores and terminal staff underwent online...
A federal lawsuit has been filed against express transportation company FedEx over the alleged death of an employee killed in a forklift accident in February 2022. The family of...
ANNOUNCEMENTS
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HUBTEX to unveil the second generation of its FluX series electric multidirectional counterbalance forklift trucks at Logimat 2023.
UN's Second Generation V-Series Lithium-ion Forklift with new brand design is proudly named "CAPTAIN" and expected to dominate & lead the UN Forklift fleet.
HELI's new generation of H4 series lithium battery forklift truck has officially been launched. Read about the stunning debut and the many benefits of HELI's latest offering.
The leading expo for smart logistics equipment & technology in southeast China, LET-a CeMAT ASIA event (2023), will take place on 18-20 May 2023.
MHEDA's Annual Convention and Exhibitor Showcase will take place from April 29-May 3, 2023, in Nashville, TN.
The organiser of the hugely popular Big Logistics Diversity Challenge has frozen this year's entry fee at the 2022 price in direct response to the impact the cost of living crisis is having on the logistics and warehousing sector.
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SPECIAL FEATURES
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Buoyed by factors like the boom in e-commerce and the associated need for warehousing, the global demand for forklifts is growing rapidly. As Matthew McDonald writes, Chinese manufacturers are playing an increasingly important role in meeting this demand. Read the story |
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Forklift Diaries - Gregory Martin
Gregory Martin has been director at dealership Champion Forklifts in Dorset for over 12 years, but his life with forklifts extends back to childhood. He talks about his time in the industry, running a family-owned business and moving forward in a challenging market.
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LAST WEEK'S MOST READ
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MOVERS & SHAKERS
chairman, Oceaneering International, United States
managing director, Narrow Aisle, United Kingdom
vice president freight forwarding, InstaFreight , Germany
director, Ballard Power Systems, Canada
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SMV 4535 TC5, 2018, 45T Reach Stacker.
Kalmar DCG100-45ED6, 2018, 10T Empty Container Handler.
Terex FDC25K7DB, 2014, 10T Empty Container Handler.
Konecranes Liftace F16-600C, 2023, 16T Heavy Forklift Truck.
Kalmar DCG330-12C, 2023, 33T Heavy Forklift Truck.
KEEP ON MOVING!
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FACT OF THE WEEK
In 2017, the world's steepest funicular railway was opened to the public in mountainous Switzerland. Specially constructed cylindrical carriages have been used to ensure that passengers can stay upright on the incline. The floors tilt, adjusting to the slope as the funicular climbs at a gradient of 110% at its steepest point.
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UPCOMING EVENTS
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March 14-16, 2023
Rotterdam, Netherlands
May 24-25, 2023
Online, United States
September 20-21, 2023
Tangier, Morocco
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JOB OPPORTUNITIES
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