H&E opens new branch in Kings Mountain NC
Effective August 14, 2023, H&E Equipment Services Inc. (H&E) announces the opening of its Kings Mountain branch, its ninth rental location in the state of North Carolina and its fourth in the greater Charlotte vicinity. Since the beginning of the second quarter of 2023, H&E has opened eight new branches across the country, with two of those in the Tar Heel State. The facility is located at 612 Canterbury Road, Kings Mountain, NC 28086-9601, phone 980-341-1800. It includes a fully fenced yard area, offices, and a repair shop and carries a variety of construction and general industrial equipment. “The Charlotte metropolitan area is one of the fastest growing regions in the country, and we are bringing additional fleet and resources to serve customers there. Our existing North Charlotte, Charlotte and Statesville branches blanket the eastern and northern portions of the area, so we’ve strategically placed our new branch in Kings Mountain to reach farther west and southwest, including into upstate South Carolina,” says Branch Manager Rob Kendrick. “Our proximity to I-85 and Hwy. 74 is ideal and allows us to deliver equipment to job sites across the metro area quickly and efficiently.” The Kings Mountain branch specializes in the rental of aerial lifts, earthmoving equipment, telescopic forklifts, compaction equipment, generators, light towers, compressors, and more and represents the following manufacturers: Allmand, Atlas Copco, Bomag, Case, Club Car, Cushman, Doosan, Gehl, Generac Mobile, Genie, Hamm, Hilti, Husqvarna, JCB, JLG, John Deere, Kobelco, Kubota, LayMor, Ledwell, Lincoln Electric, Link-Belt Excavators, MEC, Miller, Multiquip, Polaris, Sany, Skyjack, SkyTrak, Sullair, Sullivan-Palatek, Tag, Towmaster, Unicarriers, Wacker Neuson, Yanmar, and others.
Mitsubishi Logisnext Americas launches next-generation Lift Link® Telematics solution for North American Market
Mitsubishi Logisnext Americas, one of the world’s leading manufacturers and providers of material handling, automation and fleet solutions, announced the launch of Lift Link®, a full-featured telematics solution for material handling equipment. With Lift Link, businesses receive access to precise and actionable data delivered in real-time, allowing them to more effectively operate their fleet, while maximizing uptime and usage. The Logisnext Lift Link telematics solution offers comprehensive fleet-wide insights and is compatible with various types of material handling equipment – from warehouse products to electric and internal combustion forklifts. This versatile solution equips customers with an array of capabilities, including the ability to: Manage/limit forklift usage to only authorized operators. Use existing employee badges (proximity cards) or PIN codes. Enforce the completion of pre-operation forklift inspections. Improve driver behaviors utilizing impact detection and management. Real-time capture of forklift hour meters and usage (engine, travel, lift, etc.). Automated notification of exception events to include failed pre-operation inspections and impacts. Track important planned maintenance milestones to aid on-time planned maintenance service. Communicate with operators with two-way communication. Optional: Speed monitoring (available on select equipment), external alarm, location tracking and load sensing “We are excited to introduce the Lift Link telematics solution, which represents Mitsubishi Logisnext Americas significant advancement in connectivity and fleet management,” said Jerry Sytsma, executive vice president of Sales and Aftermarket Services at Mitsubishi Logisnext Americas. “With Lift Link, our customers can harness the power of real-time data to make informed decisions, improve operational efficiency and ensure a safer work environment.” With Lift Link, customers can choose between a factory-installed or field retrofit option across Logisnext’s material handling equipment – Cat® lift trucks, Mitsubishi forklift trucks, Jungheinrich® warehouse products and UniCarriers® forklifts – in addition to competitive equipment. Customers will benefit from one solution that can be used across their entire fleet.
Hyster-Yale Materials Handling announces second quarter 2022 results
Q2 2022 consolidated revenues increased 17.0% over Q2 2021 due to an 11.5% increase in shipments, primarily as a result of a 32.2% increase in EMEA lift truck shipments Q2 2022 consolidated and Lift Truck gross margins improved from the historically low Q4 2021 levels, but, as expected, decreased modestly compared with Q1 2022 gross margins due to additional commodity inflation resulting from the Russia/Ukraine conflict and adverse product mix Q2 2022 consolidated results were better than expected, but remained unprofitable with an operating loss of $15.7 million and a net loss of $19.4 million due to material and freight cost inflation, unfavorable manufacturing variances resulting from component shortages and the absence of $6.3 million of income recorded in 2021 associated with a favorable court ruling Manufacturing inefficiencies at the Lift Truck and Bolzoni segments associated with normal Q3 seasonal plant shutdowns combined with cuts in production volumes due to continued supply chain constraints, as well as unfavorable currency effects, are expected to lead to a significant consolidated Q3 2022 operating loss As the Lift Truck segment works through its low-margin backlog in the second half of 2022, margins are expected to improve again in the fourth quarter, which in turn is expected to lead to a substantially lower operating loss than in the first half of 2022, mainly driven by the expected strong operating profit in the fourth quarter of 2022 in the Americas segment. Results for the remainder of 2022 and in 2023 are expected to be below what was expected in the Q1 2022 earnings release due to lower than previously planned productions levels as a result of continued supply chain constraints Q2 2022 Bolzoni operating profit improved over Q1 2022 and Q2 2021, but 2022 second half improvement over 2021 is expected to be lower than the improvement in the first half of 2022 Nuvera operating results for the second half of 2022 are expected to improve due to the absence of impairment charges recognized in 2021 and expected lower production costs Hyster-Yale Materials Handling, Inc. has announced consolidated revenues of $895.4 million, an operating loss of $15.7 million and a net loss of $19.4 million, or a loss of $1.15 per share, for the second quarter of 2022 compared with consolidated revenues of $765.6 million, operating profit of $5.9 million and net income of $1.9 million, or $0.11 per share, for the second quarter of 2021. Segment Financial Results Summary results for the Company’s three business segments were as follows for the second quarter of 2022 and 2021: (in millions) *Hyster-Yale Group *Bolzoni *Nuvera Q2 2022 Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Revenues $ 846.3 $ 719.2 $ 86.4 $ 84.8 $ 0.3 $ 0.3 Gross Profit (Loss) $ 81.3 $ 103.2 $ 18.9 $ 15.8 $ (1.6) $ (2.5) Operating Profit (Loss) $ (11.7) $ 15.4 $ 3.4 $ (0.4) $ (7.9) $ (9.0) *For purposes of this release, Hyster-Yale Group refers to the Company’s Lift Truck business, Bolzoni is the Attachment business and Nuvera is the Fuel Cell business. Hyster-Yale Group Results Hyster-Yale Group unit shipments, bookings and backlog were as follows: ($ in millions) Quarter Ended June 30, 2022 Quarter Ended March 31, 2022 Quarter Ended June 30, 2021 Unit Shipments 25,300 23,900 22,700 Unit Bookings 23,200 35,900 46,900 Unit Bookings $ Value $760 $950 $1,070 Unit Backlog** 112,000 114,100 84,900 Unit Backlog $ Value** $3,530 $3,170 $2,070 ** June 30, 2022 and March 31, 2022 Unit Backlog has been reduced by 2,700 units and 3,200 units, respectively, and Unit Backlog $ Values have been reduced by $45 million and $54 million, respectively, due to suspended orders from Russian dealers which the Company currently has no defined plans to fill. The global lift truck market grew in the first quarter of 2022, but appeared to decline significantly in the second quarter compared to the high levels of both the second quarter of 2021 and first quarter of 2022. As a result of the market decline, as well as the Company’s focus on accepting only orders with expected sound margins and in the context of long lead times in a still very large market, bookings in the second quarter of 2022 decreased substantially from the robust levels of the 2022 first quarter and 2021 second quarter. The Company is focused on pricing new bookings close to target margins based on anticipated costs at the time of expected production. The average bookings sales price per unit increased 23.8% in the 2022 second quarter over the 2022 first quarter and 43.6% over the prior-year quarter because the Company continued to increase prices to offset material and freight cost inflation, a shift in sales mix to higher-priced lift trucks and a focus on accepting only orders with expected sound margins. These increased prices in turn translated into a substantial increase in the current average sales price per unit of backlog in the 2022 second quarter over the respective prior periods as well. The Company expects improved margins as prices and costs come into line, which in turn is expected to lead to a return to profitability in the 2022 fourth quarter. Second-quarter unit shipments increased compared with the prior-year second quarter and the 2022 first quarter due to increased production rates from prior year levels facilitated by a moderately reduced impact of component shortages from the ongoing global supply chain and logistics constraints. However, current supply chain constraints of certain critical components continued to negatively affect second-quarter 2022 production rates. Nevertheless, with higher shipments and lower bookings than in the 2022 first quarter, the Company’s high backlog level with its associated less than fully competitive lead times, began to decrease in the second quarter of 2022 for the first time since the beginning of the pandemic. The favorable effect of price increases put in place to mitigate the impact of material and freight cost inflation, as well as higher unit and parts volumes in the Americas and EMEA, mainly from a
Intella Parts Company searches for the oldest Hyster forklift
Intella Parts Company, LLC recently conducted a contest on finding the oldest Hyster Forklift that included their customers, LinkedIn and Facebook followers. They were encouraged to submit their entry if they felt they had the oldest Hyster. The rules were that they must actually own the forklift. Intella president Marcel VandenTop said they have quite a few Hyster parts inquiries and was curious on the oldest Hyster forklift out there. The winner of the contest would receive $100 gift certificate from Intella, a Carhart sweatshirt and a $100 VISA gift certificate. The winner of the oldest Hyster forklift was Public Steel, Inc. based in Amarillo, TX with a 1945 Hyster KD Krane. Phillip DeLuna from Public Steel in Amarillo TX submitted their 1945 Hyster model KD KarryKrane. Public Steel has been in business since 1948 and believe it or not has three of this model in their possession. Phillip reports that it still runs and the machine is still used once in a while, they also have a few more modern forklifts they use on a regular basis. The KD series from Hyster was likely built in their Peoria, IL factory (Learn more what Hyster was doing in the 1940s here). This model of Hyster will look strange to most modern forklift operators and drivers, mainly because this forklift was built and designed in the era before the modern pallet was invented. Back in the 1940s, pallets weren’t really universally used and the KarryKrane was a sort of pre-cursor to the modern forklift which lifts the omni-present 48×48 inch pallet. “Forklifts” of this time were just used as universal “move stuff around the factory” pieces of equipment. Here are some other images from Public Steel on the other Hyster forklifts from the 1940s they still have. Check out some of our other entrants to our 2023 oldest Hyster forklift competition below: “The only shocking thing to me was entries that were Hysters built in the 1970s. I mean, come on, someone, I mean something born in the 80s isn’t exactly ancient!” said VandenTop.
Alta Equipment Group announces Second Quarter 2023 financial results
Second Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 15.2% year over year to $468.4 million Construction and Material Handling revenues of $281.5 million and $169.1 million, respectively Newly introduced reporting segment, Master Distribution, with revenues of $21.4 million Product Support revenues increased 19.1% year over year with Parts Sales increasing to $71.3 million and Service Revenues increasing to $59.7 million New and Used Equipment sales grew 17.2% to $254.6 million Net income of $1.7 million available to common stockholders compared to $5.4 million in 2022 Basic and diluted net income per share of $0.05 for 2023 compared to $0.17 in 2022 Adjusted basic and diluted net income per share* of $0.19 for 2023 compared to $0.26 for 2022 Adjusted EBITDA* grew 20.5% to $49.9 million, compared to $41.4 million in 2022 Reaffirmed 2023 Adjusted EBITDA guidance of between $180 to $188 million Alta Equipment Group Inc., a provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the second quarter ended June 30, 2023. CEO Comment: Ryan Greenawalt, Chief Executive Officer of Alta, said, “We delivered record second quarter results and remain positive on our outlook for the balance of this year and into 2024, as demand remains strong in our major end user markets. Our versatile and resilient business model is unique in the industry, as we offer the most expansive product offering and serve a diversified customer base across a vast range of industries. Our focus on driving and sustaining long-term equipment field population continues as we increased our number of factory trained and revenue producing technicians to approximately 1,300 at quarter end.” Mr. Greenawalt continued, “Equipment supply chain issues continued to improve in the quarter and, as a result, we have invested in fleet and our inventory levels are returning to more normalized, pre-Covid levels, as we ensure equipment availability for our customers to meet their needs. Our ability to take delivery of new equipment from OEMs in the first half of 2023 was the primary driver of the $105.3 million increase in new and used equipment sales when compared to the same period for last year. In terms of our business segments, Construction and Material Handling both delivered solid year-over-year revenues growth and we expect those trends to continue. Our focus on electrification of commercial vehicles, while in its infancy, is beginning to take traction as we generated $3.1 million in revenues during the quarter with our first sale of Nikola’s TRE BEV tractors and complimentary charging units. Customer adoption is ongoing and increasing and we expect additional orders throughout the balance of this year.” In conclusion, Mr. Greenawalt commented, “The macro trends in our end user markets remain positive and the newly announced federal spending initiatives will further extend the cycle. An estimated $1 trillion in spending is forecast in the IIJA, CHIPS and IRA legislation, and this funding could span more than seven years. In addition, U.S. governmental total transportation contract awards are at all-time highs. State DOT budgets are also at record levels in the Northeast and Southeast where we operate and we expect our end markets and customers to benefit from this spending. Lastly, our acquisition pipeline remains very active with numerous accretive opportunities that complement our existing business and support further geographic expansion.” Full Year 2023 Financial Guidance: The Company maintained its guidance range and expects to report Adjusted EBITDA between $180 million and $188 million. Recent Business Highlights: The Company’s Board of Directors approved its regular quarterly cash dividend for each of the Company’s issued and outstanding shares of common stock. The common stock dividend was $0.057 per share, or approximately $0.23 per share on an annualized basis. The common stock dividend was paid on May 31, 2023, to shareholders of record as of May 15, 2023. On June 28, 2023, the Company amended its ABL Facility along with its Floor Plan Facility, by and between the Company and other credit parties named therein, and the lender JP Morgan Chase Bank, N.A., as Administrative Agent. The amendments (i) exercised $55 million of the Company’s expansion option included in the Company’s asset-based revolving line of credit increasing borrowing capacity from $430 million to $485 million; (ii) provide for a $65 million expansion option allowing the Company to further increase borrowing capacity under the asset-based revolving line of credit to $550 million; (iii) increased the maximum borrowing capacity of its revolving floor plan facility by $10 million from $60 million to $70 million; (iv) provide for a $20 million expansion option allowing the Company to further increase borrowing capacity under the revolving floor plan facility to $90 million; and (v) increased permitted maximum borrowings under third-party floorplan facilities from $350 million to $390 million with additional annual 10% increases beyond 2023.
Equipment Depot announces the appointment of Anthony Garcia as President to succeed David O Turner
Equipment Depot announced that Anthony Garcia has been appointed president by the company’s Board of Directors with the transition date of September 11, 2023. Garcia succeeds president and CEO, David O. Turner, who has announced his departure after 12-years at the helm. Garcia joined Equipment Depot in 2022 as the Regional Vice President of the South Region. Prior, Garcia spent 15 years in managerial and executive roles at Mammoet, a Dutch heavy lifting and transportation service company. Most recently, he served as Regional Vice President of Mammoet Americas, overseeing the $250M US and Mexico business. Anthony has a Mechanical Engineering degree from Texas A&M and an MBA from DePaul University. Turner exits after successfully integrating five new companies into the Equipment Depot fold, reaching over 50 nationwide locations, creating numerous new sub-business units — all at a time when the company has reached all-time record-breaking milestones in sales and employee satisfaction. “Over the past 12 years, I have been privileged to be a part of the transformational journey and to have seen the extraordinary passion, commitment, and drive to be The Best Service Organization from our people,” said Turner, “As our recent performance shows, it is clear we are delivering, and after significant investments, Equipment Depot is well positioned to generate consistent, strong returns.” “Since joining Equipment Depot in 2022, Anthony has made a positive contribution to the South Texas and Louisiana Regions with his strong business instincts, leadership skills, and work ethic,” says Ken Barina, president of Mitsubishi Logisnext Americas Inc., Equipment Depot’s U.S. parent company. “Anthony has also brought a renewed sense of focus and excitement to these critically important growth Regions. We look forward to his leadership as Equipment Depot charts its course into the future.” Garcia sees technology playing a more significant role in Equipment Depot. “The industry is in a state of unprecedented technological advancement. From how automation, electrification, robotics, and Ai are playing a role, the potential to reshape the landscape is at our fingertips — and I envision Equipment Depot being on the forefront.” Garcia adds, “Investing in our people is critical as well. They are our greatest asset, and advancing their skills is an important part of the equation. We must also preserve the strong culture we have created while living our core values every day.”
Mitsubishi Logisnext Americas Group sponsors the 2023 FedEx St. Jude Championship to support noble cause
Mitsubishi Logisnext Americas group (Logisnext), a North American provider and manufacturer of material handling and innovative automation and fleet solutions, announced its sponsorship of the 2023 FedEx St. Jude Championship. Set to take place Aug. 9 – 13 at the TPC Southwind in Memphis, Tennessee, promising an exhilarating showcase of talent, competition and compassion. The tournament will feature the top 70 players on the PGA Tour as they compete in a thrilling battle for the FedExCup. The FedEx St. Jude Championship will be celebrating the 53rd year of supporting the lifesaving work of St. Jude Children’s Research Hospital, generating over $65M to advance St. Jude’s mission. As a partner sponsor this year, Mitsubishi Logisnext Americas extends a warm invitation to its valued Dealers and Dealer customers, offering an exclusive opportunity to join this golf experience while supporting the fight to end childhood cancer and other life-threatening illness. “We are honored to support the PGA Tour’s FedExCup Playoffs and be part of this championship event,” said Stu Jacover, General Manager of National Accounts, Mitsubishi Logisnext Americas. “This sponsorship reaffirms our commitment to charitable initiatives and making a positive impact in the communities we serve, while also giving our Dealers and Dealer Customers an opportunity to engage in meaningful conversations and foster strong relationships.” The PGA Tour also provides the opportunity to host and network with B2B customers, all of whom aim to drive positive change in the world and the local communities they serve. As a key player in the material handling industry, Mitsubishi Logisnext of Americas values the opportunity to contribute to such prestigious events that bring communities and businesses together. To learn more about the event please visit https://www.fedexchampionship.com/.
Mike Conroy promoted to Kalmar Director Services: Driving growth and exceptional customer experiences
In an exciting development for Kalmar, Mike Conroy has been appointed as the new Director Services, North America. With this promotion, he will take on the responsibility of driving and developing the services business in North America, overseeing both service sales and service operations. Conroy’s extensive experience and remarkable track record within the company make him an ideal candidate for this crucial role. “I am excited and proud to have Mike join the Americas Leadership Team in such a critical role. His product experience, region knowledge and enthusiasm for the challenge are vital to the success of the services division moving forward.” Randy Wingenroth, VP Region Americas Looking back at Conroy’s career, we find a rich history spanning various industries and roles. He spent the first decade of his professional life in the printing industry, gaining valuable experience in customer ser vice and sales. Conroy then transitioned to manufacturing-related positions, including planning, scheduling, production supervision, cost estimating, and sourcing. In 2008, he joined Kalmar, initially working in the Sourcing department, where he managed several categories for Terminal Tractor production in Ottawa. Conroy’s accomplishments within Kalmar continued to grow as he took on more responsibilities. He played a pivotal role in the successful transition of the Princeton Truck Mounted Forklift business from Canal Winchester, OH to Ottawa. In 2010, he became the Sourcing and Supplier Development Manager for the Ottawa MAU, overseeing the Global Axle Category for Kalmar as well. In 2018, Conroy assumed the Terminal Tractor After Sales responsibilities globally, further contributing to the company’s success. With his extensive background and diverse experience, Conroy’s vision for his new role as Director Services, North America is clear. He aims to further propel the North American service and parts business, which has already made a significant impact on Kalmar’s global service division. Conroy is committed to driving profitable growth and ensuring an exceptional customer experience. Inspired by Ken Blanchard’s book “Raving Fans,” he encourages his teams to provide outstanding service, creating satisfied customers who become advocates for Kalmar and generate further business opportunities. In light of the recent promotion, Marques Askins has been named the new Terminal Tractor Parts Manager. Conroy expressed his excitement for Askins and the entire TT sales team, highlighting the growth opportunities available within Kalmar. Having witnessed Askins’ success in previous roles, Conroy believes he is well-deserving of this leadership position. Conroy looks forward to supporting Askins as he leads the TT parts team to new heights. Outside of his professional life, Conroy has made Ottawa, KS his home for the past 26 years, living there with his wife, three children, and a few English Setters. During his leisure time, he enjoys engaging in outdoor activities such as hunting upland game and fly fishing. Additionally, Conroy has developed a passion for perfecting his BBQ skills, adding flavor and creativity to his culinary endeavors. With Mike Conroy’s promotion to Director Services, North America, Kalmar can look forward to continued growth and exceptional customer experiences. His extensive background, dedication, and visionary leadership will undoubtedly contribute to the success of the company and strengthen its position in the North American market.
HC Forklift America introduces the new XE Series Electric Lithium-Ion Pneumatic Forklift
HC Forklift America Corporation (HCFA), a wholly-owned subsidiary of Hangcha Group, has announced the new XE Series Electric Lithium-Ion Pneumatic Forklift with a 4,000-7,600lb capacity. The new XE Series of lithium-ion pneumatic forklifts were designed from the ground up to provide operators with a true lithium-ion alternative to I.C. pneumatic forklifts. Because of this, the integrated 80V lithium-ion forklift features lift speeds, travel speeds, gradeability, ground clearance, and a competitive price point that rivals comparable I.C. pneumatic forklifts. “HCFA is keeping with its plans to continue launching new and updated products. We are proud and pleased to showcase our new XE Series Lithium Iron Phosphate Pneumatic Forklifts. This is not just about a product launch, but about a company (Hangcha) that believes in innovation and market leadership. Our goal is to provide products that bring solutions to our customers at a reasonable cost. Keep watching, because we’re not finished!” said Frank Russo, Vice President of Sales and Dealer Development. The XE Series: A True Lithium-ion Powered Competitor to I.C. Pneumatic Forklifts Hangcha designed the XE Series to include double permanent magnet synchronous motors, reducers in the hydraulic pump, reliable I.C. pneumatic components, and design elements from Hangcha’s well-known I.C. pneumatic forklifts. Hangcha then tested the XE Series Electric Lithium-Ion Powered Forklift to electric and I.C. pneumatic forklift standards. This ensures that the XE Series is a true lithium-ion powered competitor to I.C. powered pneumatic forklifts. Different applications require different equipment. Hangcha designed the new XE Series to complement our existing lithium-ion powered forklifts in the 4,000-7,600lb load capacity range. The XE Series Electric Lithium-Ion Pneumatic Tire Forklift provides operators with a new, integrated lithium-ion forklift that can handle the harsh outdoor applications that I.C. pneumatic forklifts are typically found in. By adding the XE Series, Hangcha now provides solutions for tight indoor applications, compact indoor/outdoor applications, and rugged indoor/outdoor applications with the X Series, XC Series, and the XE Series Electric Lithium-Ion Forklifts respectively. The XE Series: A Lithium-Ion Advantage The XE Series Electric Lithium-ion Pneumatic Forklift features an 80V integrated lithium-ion design. This integrated lithium-ion design provides operators with several key advantages. These advantages include: A Larger, More Ergonomic Operator Compartment Maintenance-Free Battery Packs 3 Different Battery Options for Each Model to Tailor the Forklift to the End-User’s Application A Lower Center of Gravity Up to 11 Hours of Runtime Depending on Battery Pack and Application Easy-Access Charge Ports Heating Elements in the Battery Pack to Ensure Optimal Performance in Cold Weather Applications With the XE Series’ integrated 80V lithium-ion system, I.C. pneumatic forklift design elements, and a competitive price point, end-users now have a true lithium-ion option when replacing I.C. pneumatic forklifts in their rugged outdoor applications.
Toyota Logistic Design Competition 2024 open to students around the world
Toyota Material Handling is accepting applications for the Toyota Logistic Design Competition 2024. Undergraduate and graduate students enrolled in university programs from around the world are invited to participate in the competition by submitting groundbreaking inventions and solutions to improve the circular economy through logistics. “The Toyota Logistic Design Competition is a one-of-a-kind opportunity for future innovators to showcase their unique skills in design and engineering and create solutions that will have a long-lasting impact on business and logistics,” said Brett Wood, President & CEO of Toyota Material Handling North America. “The imaginative concepts the participants create each year is always impressive and inspiring.” Toyota, founded on the principle of contributing to society, views this competition as a way of engaging and fostering the next generation of designers and instilling a commitment to serve the communities around them. This year’s participants are challenged to focus on developing solutions for the future that improve lives, minimize waste and use resources in a way that has little impact on the environment. “I was honored to join my colleagues at Logiconomi 2022, [a forum where leaders and experts in logistics gather to discuss current trends and new concepts to improve the industry], concluding our global Toyota Logistic Design Competition with the award ceremony,” said Ian Cartabiano, Vice President of Advanced Design at Toyota Motor Corp. “Although it was a challenge to select our winners from the amazing proposals from all the talented designers of the future, working together, we chose four that represented an innovative future vision of logistics. I had the distinct pleasure to select and bestow the Ian Cartabiano Design Award to Marius Cramer from Umeå Institute of Design in Sweden. This award acknowledges design that is not only innovative and creative but also beautifully executed with an eye towards refined esthetics. Marius’s cargo bike proposal created a solution for last-mile, point-to-point delivery, and looked amazing. Along with this award, Marius was also given the opportunity to experience a design internship at Toyota Europe Design Development. I look forward to this year’s global design competition and working with my global colleagues to find the next generation of creative thinkers.” A panel of professionals working around design and innovation within Toyota will evaluate all entries and determine the finalists. The winner in each category of the competition will receive a cash prize. The winner and finalists’ submissions will be displayed during Milano Design Week and at the 2024 Paris Olympic-Paralympic Event. The deadline to submit is Monday, December 18, 2023. This is the third year the Toyota Logistic Design Competition is welcoming students from universities in the United States. In 2022, two students representing universities from the United States received top awards. Jacob Abraham, a student at the University of Houston, received the Gold Award for Oro, a delivery module that optimizes final-mile delivery vehicles in dense urban environments. Nicholas Orie, a student from California State University, received the Bronze Award for his Toyota Mitsubachi solution, a modular, autonomous drone fleet integrated in warehouses and micro hubs that is designed to streamline the process of handling and organizing goods. “North America was well represented with the Gold and Bronze awards this past year,” noted Greg Smiley, Head of Industrial Design at Toyota Material Handling North America. “Models of the winning designs were on display, and I know it was a great experience and networking opportunity for Jacob to receive his award at Logiconomi 2022 in Antwerp, Belgium.” Learn more about the Toyota Logistic Design Competition and how to submit an entry to compete by visiting https://tldc.toyota-forklifts.eu/.
Yale launches new Power Key option to help warehouses change among lift truck motive power technologies
Solution adds thin plate pure lead to roster of power options, enables easy switch among all major battery electric sources Yale Lift Truck Technologies announces Power Key™, a one-of-a-kind solution engineered to provide flexibility in a world of increasing electric power options. Expanding on the previous offering, lithium-ion-ready lift trucks, Power Key allows operations to easily switch among not only lead-acid and lithium-ion, but now also thin plate pure lead (TPPL) battery modes, without external accessories. Like lithium-ion, TPPL produces zero emissions and enables opportunity charging but offers a lower acquisition cost, attributes that make it a strong consideration as a lift truck power option for some warehouses. “From charging and battery maintenance responsibilities to emissions, lift truck motive power has huge implications for warehouse labor, productivity and sustainability,” says Brad Long, Brand Manager, Yale Lift Truck Technologies. “Unrestricted choice is critical for warehouses to get their most efficient power source and supplier. But choice alone is not enough. This solution is a direct answer to customer demand for flexibility, equipping warehouses with seamlessly integrated technology that makes it fast and easy to transition among all three battery types.” Power Key is especially valuable for: Operations that have mixed fleets and need to continue to use lead-acid or are planning to transition to a fully maintenance-free fleet over time. Equipment used at multiple sites within an operation. Companies focused on accomplishing sustainability goals or regulations compliance. Electrification of internal combustion engine (ICE) fleets. Added resale value and broader buyer base for used equipment. Power Key is available on a broad lineup of electric lift truck models, including select narrow aisle rider, walkie pallet jacks, rider pallet trucks and sit-down counterbalanced trucks. Power Key-enabled trucks utilize an electronic Controller Area Network (CANbus) to handshake between the qualified supplier battery and the truck. To switch between power sources and battery suppliers, operators simply use the truck display or controller. When used with qualified lithium-ion and TPPL batteries, Power Key-enabled trucks also feature a battery-state-of-charge display incorporated within the system – no secondary display required – as well as a battery protection system that triggers the truck to engage a controlled shutdown when the battery reaches full discharge. In lithium-ion or TPPL mode, a low battery early warning system (EWS) also provides the operator with multiple warnings that the truck needs to be charged, based on timing that varies according to the approved battery supplier. For additional insight into battery performance and life, operations can access data through Yale Vision, an optional telemetry system.
Carolina Handling supports workforce development with donation of three forklifts to CCCC’s building bridges program
Carolina Handling is assisting workforce development efforts at Central Carolina Community College in Sanford, North Carolina, with the donation of three forklifts to the school’s Building Bridges program. A free, seven-day program for the unemployed, underemployed and those with a criminal record, Building Bridges is a job readiness boot camp that offers soft skills instruction alongside forklift training and OSHA-10 certification to make graduates job ready in a short time. Carolina Handling donated a Raymond sit down four-wheel forklift, Raymond standup counterbalance forklift and Raymond orderpicker to the program to give students well-rounded training on a variety of lift trucks used in manufacturing and distribution center environments. “This equipment was the deciding factor as to whether we could even stand this program up in Chatham County. It was the absolute deciding factor,” said Greg Singleton, Dean of Programs, Workforce Development & Continuing Education at Central Carolina Community College. “When I tell you that the college did not have the funds to even rent equipment, that’s how important this donation is.” For Carolina Handling, the contribution of equipment not only supports education and workforce training in the local community, but it also introduces participants to the company and career opportunities in material handling. “We’re competing for talent like many other companies across the Southeast,” said James Sanders, Director of Operations for Carolina Handling’s North Division. “We welcome opportunities to encourage careers in the material handling industry and to help develop prospective candidates. Building Bridges is a great ministry with a very passionate leader. I see this program making a difference in our community.” To date, CCCC’s Building Bridges program has graduated 74 participants, with 85 percent of them obtaining jobs or job interviews with employers such as Wolfspeed, Vinfast, 3M and the Food Bank of Central and Eastern North Carolina.
Central Oregon Forklift and Equipment joins LiuGong North America Dealer Network
The LiuGong North America material handling network continues to grow with the addition of Central Oregon Forklift and Equipment. The company’s roots are based in Long Beach, California, but the business relocated to Bend, Oregon in the early 1990s. Both Dee Shields, CFO, and Dan Shields, COO, of Central Oregon, have family history working within the material handling space. LiuGong and Central Oregon connected following the discovery of a California dealer advertising in Oregon. Dan Shields noted the desire to add reliable, consistent forklifts to the Central Oregon fleet. The company sells forklifts in Oregon, California, Idaho and Washington. “We have been looking for something more affordable for our customers, and additionally, the warranty was huge for them too,” Dan Shields said. Within the first few months working together, Central Oregon expressed its thanks to LiuGong for its consistent communication. “LiuGong has been responsive and great to work with,” Shields added. “Everyone is very helpful, and we’re so thankful for that.” Jared Ward, Vice President, Material Handling, LiuGong North America, echoed Shields’ comments in noting the relationship has gotten off to a strong start. “When our team connected with the Central Oregon group, we knew they were a great potential addition to our material handling dealer network,” Ward said. “Their experience and range covering the Pacific Northwest stood out as we continue to expand our network. We’re committed to serving them with consistent, reliable forklifts.”
H&E opens new branch in Cleburne Texas
Effective August 1, 2023, H&E Equipment Services Inc. (H&E) announces the opening of its Cleburne branch, its 23rd rental location in the state of Texas and the sixth in the Dallas-Fort Worth metro area. Since the beginning of the second quarter of this year, H&E has opened seven new branches across the country, two of those in the Lone Star State. The new facility is located at 1800 S Highway 171, Cleburne, TX 76031-7627, phone 682-413-4100. It includes a fully fenced yard area, offices, and a separate repair shop and carries a variety of construction and general industrial equipment. “Our new Cleburne facility is in the southwest corner of the Dallas-Fort Worth metroplex, creating a diamond network of locations with our existing branches in Aledo, Fort Worth, and Dallas. With this addition, H&E extends its coverage for customers farther west to Stephenville and Brownwood, keeping in stride with local growth,” says Branch Manager Cody Leigh. “Cleburne is a transportation hub, so getting to jobsites will be easy with our facility and yard close to many thoroughfares. We’re just south of Hwy. 67, directly between state roads 171 and 174, and close to I-35. We can source additional fleet from other branches to make sure our customers across the metro area have what they need.” The Cleburne branch specializes in the rental of aerial lifts, earthmoving equipment, telescopic forklifts, compaction equipment, generators, light towers, compressors, and more and represents the following manufacturers: Allmand, Atlas Copco, Bomag, Case, Club Car, Cushman, Doosan, Gehl, Generac Mobile, Genie, Hamm, Hilti, Husqvarna, JCB, JLG, John Deere, Kobelco, Kubota, LayMor, Ledwell, Lincoln Electric, Link-Belt Excavators, MEC, Miller, Multiquip, Polaris, Sany, Skyjack, SkyTrak, Sullair, Sullivan-Palatek, Tag, Towmaster, Unicarriers, Wacker Neuson, Yanmar, and others.
KION Group increases profitability in the first half of the year and raises guidance
Result driven by strong performance in the ITS segment Revenue rises to €5.617 billion (H1 2022: €5.537 billion) Adjusted EBIT at €348.3 million (H1 2022: €311.7 million) Adjusted EBIT margin improves to 6.2 percent (H1 2022: 5.6 percent) Free cash flow increases to €228.8 million (H1 2022: minus €591.5 million) Group and ITS segment guidance raised The KION Group continued to increase its profitability in the first half of the year driven by the further strong momentum of its Industrial Trucks & Services (ITS) segment. The improved supply chain situation and successful measures to increase commercial and operational agility are key reasons for the positive result. Adjusted EBIT improved by 11.7 percent year on year, while revenue was up by 1.5 percent. “The agility and performance measures initiated last year are paying off,” said Rob Smith, Chief Executive Officer of KION GROUP AG. “The positive development in the ITS segment is impressive proof that the determined focus of the entire KION team on the right levers has made the company much more resilient and agile going forward. We are therefore raising our guidance for 2023 for both the Group and the ITS segment.” Consolidated revenue advanced by 1.5 percent year on year to €5.617 billion in the reporting period (H1 2022: €5.537 billion). The proportion of consolidated revenue attributable to the service business grew to 44.3 per cent (H1 2022: 40.5 percent). The 19.9 percent increase in revenue in the ITS segment to €4.135 billion (previous year: €3.445 billion) resulted mainly from measures to improve material availability. Price increases implemented in 2022 also had a positive impact. Revenue from the service business went up as volumes grew across all service categories. Revenue in the Supply Chain Solutions (SCS) segment, however, fell by 28.6 percent year on year to €1.497 billion (H1 2022: €2.096 billion). This was primarily due to muted customer demand in the project business (business solutions) in the previous quarters. By contrast, revenue development in the service business (customer services) was very encouraging again increasing by 13.5 percent compared to the same period last year. The Group’s adjusted EBIT rose by 11.7 percent to €348.3 million in the first half of 2023 (H1 2022: €311.7 million). This increased the adjusted EBIT margin to 6.2 percent (H1 2022: 5.6 percent). Adjusted EBIT for the ITS segment improved significantly to €378.9 million (H1 2022: €197.8 million). This rise in earnings came from the revenue growth driven by higher volume and prices as well as efficiency gains in production. The improved profitability in the ITS segment was also reflected in the adjusted EBIT margin of 9.2 percent (H1 2022: 5.7 percent). Adjusted EBIT for the SCS fell year on year to € 14.8 million (H1 2022: € 149.8 million) and returned to profit after a negative result in the full year 2022. The execution of lower-margin projects and delays due to ongoing component shortages contributed to the decline in revenue and earnings at SCS. The adjusted EBIT margin for the first half stood at 1.0 percent (H1 2022: 7.1 percent). Net income for the period amounted to €146.3 million (H1 2022: €159.8 million). This reflects a significantly lower financial result and higher tax expenses. Free cash flow was €228.8 million (H1 2022: negative free cash flow of €591.5 million), resulting from the increase in EBIT while net working capital remained at a similar level to the end of 2022. As a result of the improved liquidity situation, it was possible to reduce financial liabilities by €178.9 million. Net debt decreased by €101.0 million to €1.570 billion compared to end of 2022. KION Group commits to net-zero target and Science Based Targets initiative Sustainability is a key focus of the KION 2027 strategy. At the beginning of July 2023, the KION Group committed to the Science Based Targets initiative (SBTi) in order to provide transparency with regard to its activities and progress on the path toward a carbon-neutral future. In line with the SBTi principles, the KION Group is pursuing the net-zero target of being emission-free along its entire value chain (scopes 1, 2, and 3) by 2050 at the latest. The criteria for assessing whether companies are operating carbon neutrally are based on a fundamental scientific framework and align with the objective of the United Nations Paris climate agreement to limit the rise in global temperatures to 1.5°C. KION Group sells the ITS segment’s Russian business The KION Group announced its intention to exit its Russian business in October 2022. On 16 June 2023, the Group signed a contract to sell the ITS segment’s Russian business as part of a management buyout. The transaction is still subject to approval by the Russian authorities. The SCS segment’s remaining business in Russia is being wound up at the same time. Once the contracts come into force, the KION Group will no longer have any business activities in Russia. Outlook In the first half of 2023, the KION Group achieved revenue growth and a sharp increase in earnings thanks to the healthy business performance of the Industrial Trucks & Services segment. The main contributing factors were the measures taken to enhance operational and commercial agility, the improved supply chain situation, and better availability of materials. In the remaining months of 2023, the Industrial Trucks & Services segment is therefore expected to see an improvement in revenue and adjusted EBIT compared to the second half of the previous year. The Supply Chain Solutions segment is set to see noticeably higher revenue and improved adjusted EBIT in the second half of 2023 compared with the first six months thanks to the growing proportion of higher-margin customer projects in the order book. Subject to the proviso that there are no changes to the current level of availability of materials, the Executive Board of KION GROUP AG is raising the outlook for 2023 for the Group and the Industrial Trucks & Services segment once again, having already raised it on April 19, 2023. The target figures for the Supply Chain Solutions segment remain unchanged: Outlook 2023 KION Group Industrial Trucks & Services Supply Chain Solutions Outlook July 2023 Outlook April 2023 Outlook July 2023 Outlook April 2023 Outlook July 2023
California Material Handling
5 Star-Equipment
Fairchild Equipment announces new location in Rockford
Van Clarkson, president of Fairchild Equipment, has announced a new location in Rockford, Illinois, which has just opened. “We are extremely excited to have moved into this new facility in Rockford,” Clarkson said. “It brings us closer to some of our larger customers in our Illinois region which will greatly reduce delivery costs for them. The area of Illinois from Rockford down to Rochelle has also seen significant growth in distribution due to its proximity to several major interstates and intermodal rail. This better positions us to serve this important market” he further explained. The new facility, which is located off of Highway 20 and Kishwaukee Street at 597 Grable Street in Rockford, is now home to a growing team and replaces Fairchild Equipment’s Beloit location at 755 East Philhower Road. The new Rockford branch offers triple the space, enabling Fairchild Equipment to add shop technicians, plus provide additional office space for service writers, customer care and sales teams to support customers. “This move gives us a presence in Northern Illinois which will enable us to better service our customers in this area to our full potential,” Brent Maurer, the Branch Manager for the Rockford branch, stated. “We are thrilled to have substantially more space in this new facility and be able to bring our portfolio of leading material handling equipment brands, in-shop service, parts and rental equipment closer to our customers in Illinois,” he continued. This new facility marks the third facility expansion since 2020 in Fairchild Equipment’s network of locations throughout the Midwest. It will better accommodate the expansive product line Fairchild Equipment offers, which includes warehouse and materials handling equipment as well as engineered storage solutions and fleet management services. Its diverse line of materials handling equipment brands provide a holistic approach to solving all of organizations’ operational challenges related to moving, stacking and storing materials. Fairchild Equipment is committed to providing outstanding service and innovative goods and solutions to become a valued business partner for its customers and create customers for life.
Hyster receives green award for developing clean power solutions for materials handling equipment
Hyster Company announces its selection as a 2023 Green Supply Chain Partner by Inbound Logistics magazine. The award honors Hyster® for innovating clean power solutions that help operations in intensive industries like ports and manufacturing mitigate environmental impact and meet growing sustainability regulations and goals. In keeping with its commitment to develop industry-first solutions, Hyster is at the forefront of electrifying higher-capacity equipment that has traditionally relied on internal combustion engine (ICE) power. The company’s innovations in hydrogen fuel cell-powered (HFC) port equipment resulted in the first-ever real-world pilot of an HFC-powered top-pick container handler, located at Fenix Marine Services in the Port of Los Angeles. The container handler is designed to provide the zero emissions benefits of a battery electric option, but with enough energy capacity to keep operations moving for a full shift, avoiding the need to interrupt productivity by stopping to recharge or refuel. This single truck is expected to reduce carbon emissions by 127 tons and reduce criteria pollutants by half a ton over the course of a year, according to the Center for Transportation and the Environment. Hyster also has planned pilots for an HFC-powered reachstacker at the Port of Valencia in Spain, an HFC-powered empty container handler and terminal tractor in Hamburg, Germany and is working with Capacity Trucks to develop electric and hydrogen-powered terminal tractors. In developing these solutions, Hyster draws on a wealth of experience in electric forklift design with the company’s line of smaller, lighter-capacity equipment, for which Hyster offers extensive electric power options. This recognition as a Green Supply Chain Partner is its fourth honor in a row and follows on the heels of the company’s selection by the Sustainable Energy Council (SEC) as one of four finalists in the industrial application category of the World Hydrogen 2023 Awards. “Increasingly, companies and government bodies are grappling with the task of limiting emissions and pursuing sustainability,” says Herman Klaus, Director, Big Truck Application Solutions, Hyster Company. “As we continue to expand green options, we’re helping our customers obtain the right clean power solution to help them meet their emissions reduction targets, even in applications where electrification might not have seemed possible before.”
Toyota Material Handling promotes Jimenez to Vice President
Longtime Toyota leader to oversee Regulatory Affairs, Product Planning, & Product Assurance Toyota Material Handling (TMH) has recently announced the promotion of Cesar Jimenez to Vice President of Regulatory Affairs, Product Planning, and Product Assurance. In this new role, he is responsible for Toyota’s industry-leading product line throughout its life cycle, including pre-development, launch, warranty and ongoing resolution of any technical problems. “Cesar’s knowledge of our products, commitment to our customers and dedication to quality make him the ideal person for this position,” said Tony Miller, Toyota Material Handling’s Senior Vice President of Operations, Engineering and Strategic Planning. “Cesar lives out Toyota’s commitment to ensuring all the products and solutions we produce make our customers’ work more efficient while prioritizing quality and innovation. I am honored to work alongside him to ensure our products continue meeting our high standards and solving our customers’ problems.” Jimenez began his career at Toyota as a college intern in the summer of 1996. Over the last 27 years, he has worked in various capacities, including product planning engineer, product marketing manager, and joined the Toyota executive team in 2015. Jimenez has played an instrumental role in the successful launch of over 50 material handling products. His efforts have contributed significantly to making Toyota the number one manufacturer of material handling products and solutions in North America. Jimenez is also a respected leader in the material handling industry. As a member of the Industrial Truck Association for over 10 years, Jimenez has served as the Vice Chair and Chair for both the Energy Storage Systems Subcommittee and the General Engineering Committee, which works on industrial truck performance oriented safety standards and supplies which is provided to national safety organizations. “I am humbled by this opportunity and grateful to have spent my entire career with Toyota,” Jimenez said. “This organization has given me so much, and I come to work every day driven to represent Toyota in the best possible way. Throughout my career, I’ve been inspired by Toyota’s commitment to excellence and the company’s mission to contribute to society in meaningful ways. I am excited to embrace the challenges of this new role and to contribute to Toyota’s continued success by providing products and solutions that solve our customers’ evolving problems.”