The benefits of lithium vs. lead-acid batteries in forklifts have been tested and proven by major companies across all industries with materials handling operations: logistics and 3PL, retail, manufacturing, paper and packaging, metals, lumber, food and beverage, cold storage, medical supplies distribution, etc. Industry experts are speculating about the growth rate over the next few
Occupational Safety and Health Administration OSHA requires all new forklifts meet minimum standards for fire prevention and safety. Forklifts that meet the standard will have a label from a nationally recognized testing laboratory showing the requirements have been met. Underwriter Laboratories (UL) is the most common certification you will see on a forklift. Below is
Two of the biggest standouts in the Consumer Price Index are energy costs which have risen 33.3% in the last 12 months and used car and truck prices are up 31.4% over November 2020. The only category to decline was airfares which fell 3.7%. Source: Bureau of Labor Statistics
This chart is from a study conducted by Indeed.com comparing interest in job sectors pre-pandemic (Feb 1st, 2020) to interest in those positions today. Civil Engineering has seen the biggest increase in interest while Loading & Stocking jobs have had the biggest decline in interest from job seekers. Advertised wages are the biggest driver of
From at least 1997 to the present manufacturing as a percentage of total US GDP has been falling. But the total output in dollars has been growing. And since 2010 employment in manufacturing has been rising steadily. Employment in manufacturing is clearly not what it used to be in the US but still plays a
US car production has recently dropped to 1.4 million units in June 2021, a low point in a long decline since the 1970s. Competitors around the world have been taking making share and American manufacturers have also been outsourcing production to save money. The chip shortage in recent times has slowed down production further. Read
Global steel production saw a 10.6% decrease in October 2021 compared to October 2020. Steel production in North America was up 16.9% versus October 2020, but Asia Oceania pulled down the index with a 16.6% drop in production compared with October 2020. And the bulk of the Asia Oceania change can from China whose production
Read Full Story on Bloomberg Forklift batteries are transitioning from lead acid to lithium ion. As production in North America increases prices for lithium ion batteries should drop and adoption will grow. Electric vehicle lithium ion battery production should be a good indicator of what’s coming down the road for forklift batteries.