Top 20 lift truck suppliers

The worldwide industrial lift truck industry spent the better part of 2009 in a rut. Sales were down 39%, but it appears the worst may be over
image
By Lorie King Rogers, Associate Editor
August 20, 2010 - MMH Editorial

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

image
Lorie King Rogers
Associate Editor

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!

Recent Entries

The PMI, the ISM’s index to measure growth inched up 0.7 percent to 53.5 over May’s 52.8 (a PMI of 50 or greater represents growth). This reading marks sequential growth for the third month in a row.

More than 30 leading suppliers of reusable products and services will be available in the Reusable Packaging Pavilion. The exhibitors include manufacturers, material suppliers, providers of washing and other specialty equipment, and service providers of reusable packaging systems and solutions.

Apprentices to represent UK in WorldSkills competition in Brazil.

Mike Rowe of Dirty Jobs and speakers from Coca-Cola, MIT and Caterpillar to headline conference on innovations that are transforming global supply chains.

Executives plan for increased revenue and profits, but worry about risks and brand reputation.

Comments

Post a comment
Commenting is not available in this channel entry.