General OverviewWorldwide economic growth in 2019 slowed to 2.9% from 3.6% in 2018. Economic uncertainties such as trade disputes among the United States, China, and the European Union, Brexit, and economic cycles in China and India led to increased unwillingness to invest from the world’s companies.According to KION Group, the world’s second largest lift truck
US real gross domestic product increased at an annual rate of 2.1% in the third quarter. The first and second quarters saw GDP growth of 3.1% and 2.0% respectively (source: Bureau of Economic Analysis).
Freight rates are down year over year for the last six months in the US. And because 2018 was such a strong year for the freight industry many new trucks were ordered and freight companies expanded capacity. So too much capacity and not enough freight has led to much lower prices.Read more from businessinsider.com
Total Lift Truck MarketThe global lift truck market grew by 10.2% in 2018 to 1.5 million units. All lift truck classes saw gains with the largest gains coming from Class III products – Electric Motor Hand or Hand-Rider Trucks.US factory shipments of forklift trucks rose 9.29% from 212,002 total units in 2017 to 231,696 total
Below is a reference guide to the 7 different classifications of forklifts that are available in the market today. This useful guide will help you make an informed decision when choosing the right for your company.CLASS 1 – ELECTRIC MOTOR RIDER TRUCKSA Class 1 unit is powered by an industrial battery and electric motor. These
Struggling with doubt is timeless and common. Some of the greatest figures in history have battled with doubt. Take George Washington for instance, the great American hero and mythical figure of the Revolutionary War and America’s birth. During the war he wrote this in a letter: “I have often thought how much happier I should
Machine Maxx USA offers material handling products to the movers and the makers, the business owners and operators, who have a deep dedication to serving their customers. We know it can be a heavy load to lift. There are delays and setbacks to smooth out. There are disagreements and problems to overcome. And we know