The lift truck industry spent the better part of 2009 stalled out. In last year’s Top 20 lift truck suppliers story, Modern reported “the fourth quarter [of 2008] saw sales come to a screeching halt.”
Unfortunately, that trend continued for the next four fiscal quarters; worldwide lift truck revenue for 2009 went in reverse, contracting by 39%. But before you read on about last year’s industry woes, know this: Things appear to be turning around in 2010. In fact, Jeff Rufener, president of the Industrial Truck Association (ITA, 202-296-9880) and vice president of marketing for Mitsubishi Caterpillar Forklift of America (MCFA, 713-365-1000), says, “last year we thought things couldn’t get any worse. The industry bumped modern special report started to show some increase.”
About the Author
Lorie King Rogers
Lorie King Rogers, associate editor, joined Modern in 2009 after working as a freelance writer for the Casebook issue and show daily at tradeshows. A graduate of Emerson College, she has also worked as an editor on Stock Car Racing Magazine.
Subscribe to Modern Materials Handling magazine
Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today
Quarterly Material Handling Equipment Manufacturing Forecast (MHEM) indicates growth on horizon for industry.
Xtreme RFID manufactures rugged RFID tags that fully encapsulate RFID inlays in a one piece plastic housing to protect it from chemicals, water, impact, temperatures, and other unforgiving elements.
For companies large and small, an often overlooked key to handling sales growth in their DC is having the right picking strategies and technologies. Your current facility can do more than you think -- you just need to take a hard look at your current equipment and processes to maximize productivity with improved strategies or advanced technologies.
Dassault Systèmes, the 3DEXPERIENCE Company, a world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced the signing of a definitive share purchase agreement for Dassault Systèmes to acquire Quintiq, a leading provider of on-premise and on-cloud supply chain and Operations Planning & Optimization software, for approximately €250 million
During this complimentary webcast you'll learn the 6 reasons your operation could benefit from voice and multi-modal solutions and exactly how The Container Store did it. They were able to improve efficiency, safety and accuracy, without a complete WMS overhaul and their employees find it faster and easier to use.