H&E Opens New Branch in Frederick, MD
H&E Rentals announced the opening of its Frederick branch, the company’s third location in the state of Maryland. H&E has opened 27 new general rental branches across the country and acquired nine others since the second quarter of last year, and it operates in 32 states. The facility is located at 4820 Winchester Boulevard, Frederick, MD 21703-7444, phone 240-739-7800. It includes a fully fenced yard area, offices, and a repair shop and carries a variety of construction and general industrial equipment. “The location of our new Frederick branch gives H&E expanded coverage northwest of the Baltimore and Washington, D.C., metropolitan areas. We serve all of Western Maryland, along the Pennsylvania and Virginia state lines, as well as the northeast corner of West Virginia,” says Branch Manager David Roles. “H&E’s fleet is one of the youngest in the industry, and by having our Warrenton, Baltimore and Forestville branches within reach, we can source the reliable equipment customers need from an expanded line. Whether for a day, a week, a month, or a year, we will quickly deliver the right equipment for the job straight to the project site. We’re eager to show everyone how easy renting equipment can be and provide our signature higher standard of service.” The Frederick 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. Founded in 1961, H&E is one of the largest equipment rental companies in the nation, providing a higher standard in equipment rentals. Branches are located throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest, and Mid-Atlantic regions.
H&E opens new Branch in Lufkin, TX
H&E Rentals has announced the opening of its Lufkin branch, the company’s 31st location in the Lone Star State and its ninth Texas branch added in the past two years. H&E now operates in 32 states, and it has opened 26 new branches across the country and acquired nine others since the second quarter of last year. The facility is located at 4530 US Highway 69 N, Lufkin, TX 75904-8971, phone 936-299-5800. It includes a fully fenced yard area, offices, and a repair shop and carries a variety of construction and general industrial equipment. “H&E’s expansion in East Texas makes it even easier for us to reach customers north of the Houston metro area and beyond. Our new facility covers Lufkin and stretches south toward Woodville and Lake Livingston, north to Rusk and Mt. Enterprise, west beyond Crockett and Palestine, and east to the Louisiana state line ― as well as all points in between,” says Branch Manager Randy Crawford. “With our established Longview, Conroe, and Bryan branches within reach, we can work together to source equipment from an expanded local fleet and quickly get it on the job site. We’re in a great position to take care of customers wherever their projects are.” The Lufkin 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. Founded in 1961, H&E is one of the largest equipment rental companies in the nation, providing a higher standard in equipment rentals. Branches are located throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest, and Mid-Atlantic regions.
Hyster-Yale participates in US Department of Defense SkillBridge program
Program advances Hyster-Yale’s commitment to veterans, enables manufacturer to recruit talent from the world’s most highly trained and motivated workforce. Hyster-Yale Materials Handling announces its participation in the United States Department of Defense (DOD) SkillBridge program, offering training and career opportunities to service members and their spouses as they transition to civilian life. DOD SkillBridge connects service members in their final 180 days of service with companies that provide civilian work experience at no cost to the company while the service member continues receiving military compensation and benefits. “Our service members dedicate their lives to serving our country, and this program is our opportunity to reward that service while also adding skilled, dedicated talent to the Hyster-Yale team and our dealer partners,” says Anthony Salgado, Chief Operating Officer, Hyster-Yale Materials Handling. “The SkillBridge program provides hands-on experience that helps service members explore career interests and develop job skills in the private sector. As a proud veteran of the U.S. Navy, I know how important resources and support are to a successful transition to the civilian workforce.” SkillBridge enables Hyster-Yale and its independently owned dealer partners to recruit and retain top-notch talent nationwide with a particular emphasis on the dealer network’s initiative to hire skilled technicians. Specifically tailored for technician apprenticeships, this program immerses participants in targeted training that equips them with the necessary skills and expertise for a successful career in materials handling. “We’re proud to work with SkillBridge to give back to our military veterans for the bravery and sacrifices they’ve made for all of us,” says Troy Pederson, Director of Training & Development at LiftOne, a Hyster-Yale dealer and established SkillBridge employer. “In the last year, we’ve helped 10 SkillBridge interns transition from military to civilian life, and the value and positive impact of the program can’t be overstated. At LiftOne, we’ve gained so much from the experience and diverse mix of technical and leadership skills of our SkillBridge candidates.” “Our participation demonstrates our long-standing commitment to employing men and women who have served our country, and the value we place on their strong work ethic, discipline, loyalty and leadership qualities,” says Jessica Mason, Talent Acquisition Manager at Eastern Lift Truck Co. “Veterans enhance our workforce and make a positive impact on our entire organization.”
H&E opens New Branch in Amarillo, TX
H&E Rentals has announced the opening of its Amarillo branch, the company’s 30th location in the state of Texas. H&E has opened 25 new branches across the country and acquired nine others since the second quarter of last year, and it has operations in 32 states. The facility is located at 12828 I-27, Amarillo, TX 79119-2507, phone 806-718-7900. It includes a fully fenced yard area, offices, and a repair shop and carries a variety of construction and general industrial equipment. “The positioning of a new branch in Amarillo gives H&E complete coverage of the Texas Panhandle that stretches across the New Mexico state line. We now have greater reach above our existing Lubbock branch, which allows H&E to better serve the West Texas market, and we’ve reduced the distance between our Albuquerque and Oklahoma City locations,” says Branch Manager Nick Ohman. “Our facility is directly on the I-27 frontage road and just a short drive from I-40. That strategic location allows us to efficiently move equipment from an expanded local fleet to job sites stretching from the Oklahoma state lines and down across State Highway 86. We’re in a great place to help customers across the entire panhandle.” The Amarillo 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. Founded in 1961, H&E is one of the largest equipment rental companies in the nation, providing the higher standard in equipment rentals. Branches are located throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest, and Mid-Atlantic regions.
Bobcat celebrates $3.26M renovation at Buford facility
Bobcat Company recently brought material handling into the Bobcat brand, transitioning from Doosan Industrial Vehicle to Bobcat in early 2024. The investment in the Buford facility modernized conference rooms, break rooms and office spaces, improved the interior design, finishing and furnishing to align with other Bobcat locations, and updated exterior signage. Featuring open seating and no cubicles, the enhanced spaces support cross-functional teamwork and engagement. “Investing in our facilities and operations to create collaborative, inspiring workplaces is one of many ways that Bobcat supports our employees,” said Mike Ballweber, president, Doosan Bobcat North America. “Fostering our company’s success alongside the dedicated team in Buford is a priority for us. We are thrilled to provide them with a work environment that encourages collaboration and drives innovation.” The 200,000-square-foot Buford facility houses a state-of-the-art parts operation which supplies over 30,000 line items to support its affiliate groups. Additionally, the material handling product line includes 179 separate models with a full range of diesel, gas, liquid propane gas and electric forklifts, with capacities ranging from 3,000 to 55,000 pounds. “The growth of the Bobcat brand into the material handling industry allows us to provide even more solutions to help our customers accomplish more,” said Jarrod Steck, Bobcat vice president of material handling products. “Our Buford team has grown by 40 percent in the last year and is still growing. Bobcat’s investment in both people and facility illustrate our level of commitment to growing Bobcat’s presence in this important market.” More than 180 employees work at the Buford location – a significant increase since 2022. Employment opportunities are available in product support, sales administration and product and parts areas. Shultz + Associates Architects supported the architecture plans, while Omega Construction served as the general contractor of the facility renovations. In addition to its operations in Buford, Bobcat has an extensive presence throughout the U.S., as well as globally.
The Manitowoc Company reports Second-Quarter 2024 financial results with net sales down 6.8% year-over-year
Today, the Manitowoc Company, Inc. reported a second-quarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjusted net income (1) was $8.8 million, or $0.25 per diluted share. Net sales in the second quarter decreased 6.8% year-over-year to $562.1 million and were unfavorably impacted by $2.7 million from changes in foreign currency exchange rates. In the second quarter, adjusted EBITDA (1) was $36.0 million, a decrease of $24.4 million or 40.4% from the prior year. Orders in the second quarter were $428.4 million, a 22.2% decrease from the prior year. This resulted in a backlog of $836.3 million at the end of the second quarter. Orders were unfavorably impacted by $2.0 million from changes in foreign currency exchange rates. “During the second quarter, we faced a variety of operational issues which led to lower-than-anticipated results. In addition, the Tower Crane business in Europe remained a headwind to our results. Order intake was sluggish for mobile cranes in Europe and North America. Mobile customers have been slow to commit to new cranes in the face of the uncertainties associated with the upcoming U.S. election and the continued higher interest rate environment. Looking at the balance of the year, we expect weaker demand to continue. As a result, and with a focus on inventory reductions to generate free cash flow, we took actions to adjust our build schedules in the second half. We have updated our full year guidance accordingly,” commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc. “CRANES+50 is the driving force in our transformation as a stand-alone crane company. Since its launch, our non-new machine sales have grown 34%, expanding our higher margin, recurring revenue streams. We remain focused on continuous improvement through The Manitowoc Way and growing our aftermarket through CRANES+50 to drive long-term shareholder value,” added Ravenscroft. Updated Full-Year 2024 Guidance Manitowoc is updating its full-year 2024 guidance as follows: Net sales – $2.175 billion to $2.225 billion (previously $2.275 billion to $2.375 billion) Adjusted EBITDA – $125 million to $140 million (previously $150 million to $180 million) Depreciation and amortization – $60 million to $63 million (previously $63 million to $67 million) Interest expense – $36 million to $38 million (previously $32 million to $34 million) Provision for income taxes – $9 million to $13 million (previously $18 million to $22 million) Adjusted diluted earnings per share – $0.45 to $0.90 (previously $0.95 to $1.55) Capital expenditures – $60 million, of which approximately $25 million is for the rental fleet Free cash flows – $30 million to $50 million (previously $30 million to $60 million) (1) Other non-recurring items – net for the three months ended June 30, 2024, relate to $5.3 million of costs associated with a legal matter with the U.S. EPA and $0.1 million of one-time costs. Other non-recurring items – net for the six months ended June 30, 2024, relate to $5.3 million of costs associated with a legal matter with the U.S. EPA and $0.2 million of one-time costs. Other non-recurring items – net for the three and six months ended June 30, 2023, relate to $10.8 million of costs associated with a legal matter with the U.S. EPA. Other non-recurring items – net for the trailing twelve months relate to $15.7 million of costs associated with a legal matter with the U.S. EPA and $0.8 million of one-time costs. (2) Other (income) expense – net includes net foreign currency gains (losses), other components of net periodic pension costs, and other items in the three and trailing twelve months ended June 30, 2024, and the three months ended June 30, 2023. Other expenses – net for the three and six months ended June 30, 2023, include a $9.3 million write-off of non-cash foreign currency translation adjustments from the curtailment of operations in Russia.
Alta Equipment Group announces Second Quarter 2024 Financial Results
Total revenues increased $19.7 million year over year to $488.1 million Construction Equipment and Material Handling revenues of $294.9 million and $175.6 million, respectively Product support revenues increased 10.1% year over year, with Parts sales increasing to $78.0 million and Service revenues increasing to $66.2 million New and used equipment sales decreased 1.2% year over year to $251.5 million Net loss available to common stockholders of $(12.6) million Basic and diluted net loss per share of $(0.38) Adjusted basic and diluted net income per share* of $0.01 Adjusted EBITDA* of $50.3 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 that ended June 30, 2024. Ryan Greenawalt, Chief Executive Officer of Alta, said, “Our business rebounded well this quarter from the seasonally-challenged first quarter and in the face of a moderating market environment for new equipment sales. Notably, our product support business performed well in this moderating environment as we continued to achieve organic growth on an increased field population, with revenues increasing to a record of $144.2 million, an increase of $13.2 million from a year ago. Additionally, our Material Handling segment continued its steady path of profitable growth as we progressively executed a solid sales backlog and gained market share in strategic regions and product categories throughout our footprint. We also saw a rebound in our Master Distribution segment, as revenue in the quarter was $16.7 million versus $12.8 million in the first quarter. While we benefited from a return to normal seasonality and a strong quarter from our Material Handling segment and our product support business lines, market unit volumes in our Construction Equipment segment remain under pressure due to uncertainty regarding interest rates and the election outcome, especially affecting small to mid-size contractors. Additionally, our construction equipment sales margins continued to be impacted by the oversupply of competitive new equipment on the market in the quarter.” Mr. Greenawalt continued, “In the second quarter, we gained further traction in our eMobility segment, which expands the Alta dealership model into the over-the-road commercial vehicle industry with a focus on commercial electric vehicles and fueling and charging infrastructure. To that end, we are excited about our new partnership with Harbinger Motors, a new manufacturer of best-in-class commercial electric vehicles in the medium-duty truck space. With the inclusion of Harbinger to our portfolio and the traction gained with new customers in the quarter, we now have approximately $25 million of sales backlog in the eMobility business that we expect the majority to convert to revenues in the second half of 2024.” In conclusion, Mr. Greenawalt commented, “As we head into the second half of 2024 and into 2025, cost and fleet optimization and other initiatives to streamline our business will be high priorities as we calibrate to the transitioning environment. Despite what we believe to be potentially transitory headwinds for new equipment sales, our long-term outlook for our Construction Equipment segment remains positive. Infrastructure-related project pipelines are significant. We expect state DOT budgets to remain elevated in 2025 and spending on federal infrastructure programs is still in the early innings. In the Material Handling segment, we’re proud to be a world-class partner of Hyster-Yale Materials Handling and believe that their product portfolio and commitment to advanced technologies combined with our diversified end-markets will allow us to gain market share in key regions in the years to come, regardless of the volatility in the macro environment. I sincerely want to thank all of our 3,000 dedicated employees for their hard work and commitment to our business and to one another through the first half of the year.” Full Year 2024 Financial Guidance and Other Financial Notes: The Company updates our guidance range and now expects to report Adjusted EBITDA between $190.0 million and $200.0 million for the 2024 fiscal year. On June 5, 2024, the Company sold $500.0 million of Senior Secured Second Lien Notes at the rate of 9.000% per annum, which are due on June 1, 2029 (“2029 Notes”). With the proceeds, the Company extinguished our $315.0 million of Senior Secured Second Lien Notes due April 2026. The Company recorded a loss on debt extinguishment of $6.7 million. Concurrently with the 2029 Notes, the Company amended our ABL First Lien Credit Agreement to extend the maturity date to 2029 and increase the facility size to $520.0 million. Concurrently with the 2029 Notes, the Company amended our ABL First Lien Credit Agreement to increase the floor plan facility to $90.0 million. During the second quarter, the Company repurchased 231,334 shares for $2.0 million. We have a remaining repurchase authorization of $10.5 million.
Raymond West and Toyota Lift Northwest join forces
Raymond West Intralogistics Solutions and Toyota Lift Northwest announced that effective immediately, they have joined forces, marking the formal integration of the Pacific Northwest’s two material handling equipment companies into a unified entity. This strategic alliance aims to leverage the strengths of both organizations to deliver comprehensive, cutting-edge solutions for their existing and future clients. James Wilcox, CEO of Raymond West, will spearhead this initiative, while Dr. Ashwini Wankhede will remain President and Chief Operating Officer of Toyota Lift Northwest. “The joining of Raymond West and Toyota Lift Northwest brings together the expertise, resources, and market presence of two iconic material handling brands,” said James Wilcox. “Our combined efforts will enhance our capacity to deliver an unparalleled value proposition and set the standard for our clients in that whatever they need, the problem or challenge they have in their facility with material handling, we have the solution to Store, Move, and Optimize their operations.” “Our core values are completely aligned with those of Raymond West, and providing customers with integrated material handling solutions remains at the forefront,” said Dr. Ashwini Wankhede. “By leveraging strengths from both organizations, we are confident to dominate the market and provide customers with consistent services along the entire Northwest corridor.” Raymond West, with 75 years of history, and Toyota Lift, with 57 years, are poised to create a formidable market presence, projected to exceed $1 billion in revenue. With a combined workforce of more than 1,600 employees and an extensive network of 29 service locations across the West Coast, the newly unified entity is primed to exceed client needs and expectations.
H&E Opens New Branch in Missouri
H&E Rentals has announced the opening of its Springfield branch, the company’s fourth general rental location covering the state of Missouri. H&E operates in 32 states, and it has opened 24 new branches across the country and acquired nine others since the second quarter of last year. The facility is located at 2520 N Eastgate Avenue, Springfield, MO 65803-5732, phone 417-427-4000. It includes a fully fenced yard area, offices, and a repair shop and carries a variety of construction and general industrial equipment. “This new location in the Show-Me State – along with our existing Kansas City and Columbia facilities and our Tulsa, Oklahoma, branch – increases our available fleet inventory across western Missouri. We can now more efficiently serve customers along the Arkansas, Oklahoma, and Kansas state lines over to Rolla and Highway 63 in central Missouri, as well as all points in between,” says Branch Manager Ryan Draffen. “We’re located just south of where I-44 meets Highway 65, giving us quick access to major thoroughfares to move equipment to customer job sites. We look forward to establishing new relationships and demonstrating our higher standard of service.” The Springfield 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. Founded in 1961, H&E is one of the largest equipment rental companies in the nation, providing a higher standard in equipment rentals. Branches are located throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest, and Mid-Atlantic regions.
Yale Lift Truck Technologies named Material Handling Company of the Year
Yale Lift Truck Technologies announces that it has been recognized by the SupplyTech Breakthrough Awards as the 2024 Material Handling Company of the Year. The annual award program devoted to honoring innovation and leadership in supply chain acknowledged Yale for its technology-forward approach, which combines the experience and expertise of a brand with more than 100 years of history with the mindset of a startup. “Yale uses technology-enabled lift trucks and its customer-driven design philosophy to address the labor, safety, and productivity challenges that present a tough outlook for today’s fast-paced warehouses. Effective materials handling solutions go beyond simply moving product from point to point,” says Bryan Vaughn, Managing Director of SupplyTech Breakthrough Awards. “As supply chains evolve, Yale is also evolving to support customers and provide bespoke solutions to meet their needs. Their creative approach built around the customer, engineering lift trucks as smart technology foundations and bringing innovations to market faster, makes them our pick for ‘Material Handling Company of the Year.’” When designing a new lift truck or technology, Yale engineers enrich their understanding of the realities in the particular target applications by working closely with lift truck operators and customers. They also collaborate with industry-focused teams and outside experts to functionally translate the needs of materials handling operations into features and technologies that improve operator comfort, simplify maintenance, or provide other advantages to enhance performance. Solutions, such as next-generation lift truck motive power sources, automated lift trucks, and operator assistance technologies, are rigorously tested and refined based on additional customer feedback before being sent to market. Yale® lift trucks and technologies are distributed through the company’s network of independent equipment dealers, who also provide aftermarket maintenance and parts support to customers globally. “In an industry where complacency is commonplace, and manufacturers’ own value chains often receive more attention than their customers’ needs, we are hyper-focused on helping warehouses solve their most pressing challenges, from the labor shortage and safety risks to rising productivity demands and operating costs,” says Brad Long, Brand Manager, Yale Lift Truck Technologies. “With the support of our dealers, we continue to deliver innovative technologies and solutions that not only support customers but challenge them to rethink what they expect from lift trucks and suppliers.”
H&E launches Mental Health Training and Community Awareness Initiative
H&E Rentals has launched a Mental Health and Hope training module to shed light on the mental health crisis that is taking place today and to offer information and resources to its own employees as well as any other company in the equipment industry that could benefit from the information. One of the first of its kind in the equipment rental industry, this training was created by H&E Learning with the help of the nation’s leading mental health advocates and experts, including the Huntsman Family Foundation, National Alliance on Mental Illness (NAMI), Health Action Alliance (HAA), American Psychiatric Association (APA) Foundation, and others. In a heartfelt communication to H&E employees at the launch, Chief Executive Officer Brad Barber explained, “When I say nothing is more important to me than the health and safety of our employees, I mean every word. H&E is still very much a family environment, and this culture can only continue to exist when we take the time to care enough about one another’s needs and look for ways to provide support. “Unfortunately, many of us received a wake-up call regarding mental health when one of our friends and leaders died by suicide. This individual was loved and respected by those he led and interacted with daily. He was highly successful in his work, and he and his team were making great progress. To say we were shocked would be a massive understatement,” said Barber. Since that time, Barber and others in the local community as well as across the rental industry have worked to address a variety of areas regarding mental health, including the harmful stigma that has kept those affected by mental health issues from seeking and receiving the help that is needed … leading to the hope we all deserve. “When it comes to something this important, there is no industry competition. We’re happy to be able to share all the information we’ve gathered as well as the mental health training we’ve developed,” said Barber. Through H&E’s Learning Management System, the module was assigned to all employees – now numbering nearly 3,000 – as part of the company’s yearly required instruction. In announcing the new training, Barber said, “The information will enlighten and educate you, making you more informed about mental health and enabling you to help yourself or direct others in crisis. For some of you, this could be the most important 15 minutes of training you will ever receive.” Christena Huntsman Durham of the Huntsman Family Foundation adds, “Workplace wellness should be vital in all businesses – no matter the size of the organization. It produces good outcomes for productivity and, more importantly, for the people who make companies successful: the employees. So grateful to H&E for creating the training and resources that can benefit anyone.” Those who may be interested in offering this instruction to their employees can view the course slides and other resources online at community-awareness.com. For additional information, contact now.
H&E opens new branch in Cedar Rapids
Effective August 5, 2024, H&E Rentals (H&E) announces the opening of its Cedar Rapids branch, the company’s first general rental location in the state of Iowa. H&E now operates in 32 states, and it has opened 23 new branches across the country and acquired nine others since the second quarter of 2023. The facility is located at 1925 Blairs Ferry Road NE, Cedar Rapids, IA 52402-5811, phone 319-432-7100. It includes a fully fenced yard area, offices, and a repair shop and carries a variety of construction and general industrial equipment. “H&E’s expansion into Iowa adds another state to our Midwest operations and extends our reach farther north from our Columbia, Peoria, and St. Louis branches. Our territory covers the entire eastern half of Iowa, from the Illinois and Wisconsin border west to I-35. The newly renovated facility is just off I-380, and our proximity to Hwy 100 and other major roadways means we’re on our way to your job site quicker,” says Branch Manager Scott Pritchett. “We may be new to the Hawkeye State, but we’re certainly not new to the equipment rental business. H&E maintains one of the youngest fleets in the industry, and we look forward to establishing new relationships and showing customers how we can partner with them in their business.” The Cedar Rapids 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.
Yokohama TWS North America recognized as “Global Above & Beyond” supplier by Hyster-Yale Materials Handling
Yokohama TWS North America awarded for going ‘Above & Beyond’ in customer service for the Americas The top supplier award recognizes on-time performance, cost savings, and commitment to HYMH Yokohama TWS North America received the “Global Above & Beyond” award for its excellent customer service at the Hyster-Yale Global Suppliers Conference. This award recognizes the unparalleled support its team has consistently provided to Hyster-Yale Materials Handling (HYMH). The award goes to the supplier who has most demonstrated a willingness to do whatever it takes to surpass expectations, going above and beyond standard supplier relationships. Yokohama TWS North America was honored for its tireless teamwork from planning to delivery of tires so HYMH could guarantee on-time delivery of their vehicles, accommodating schedule changes, bringing year-on-year cost reductions, and achieving a 99.73% record for on-time deliveries. Antoine Rivallain, Global OE Director at Yokohama TWS, remarked: “This award underscores our companywide commitment to our customers in seamlessly delivering solid solutions. All of us at Yokohama TWS worked to give the best overall performance in quality and on-time delivery to Hyster-Yale Materials Handling, as always supporting our OEM customers in achieving their goals, given the supply chain challenges and tight lead times they often require. We are proud of our 30+ years working with HYMH and look forward to another 30+ years of business success.”
KION significantly increases profitability in the first half of 2024 driven by improvements in both operating segments
Revenue up by 2 percent to € 5.736 billion (H1 2023: € 5.617 billion) Adj. EBIT improves 28 percent to € 447 million (H1 2023: € 348 million) Adj. EBIT margin of 7.8 percent (H1 2023: 6.2 percent) Free cash flow of € 202 million (H1 2023: € 229 million) Outlook for 2024 confirmed with narrowed bandwidths The KION Group continued to deliver strong earnings and margins in the first half of 2024. With revenues of € 5.736 billion (H1 2023: € 5.617 billion) and a 28 percent higher adjusted EBIT of € 447.0 million (H1 2023: € 348.3 million), the adjusted EBIT margin went up by 160 basis points to 7.8 percent (H1 2023: 6.2 percent). “Significant year-on-year profitability improvements in both operating segments led to a 28 percent increase of our adjusted EBIT in the first half of the year,” says Rob Smith, Chief Executive Officer of KION GROUP AG. “Despite a slower market recovery in the current financial year, we are well on track to achieve our outlook. Our clear strategy, our broad range of products and solutions for customers and our presence in all key markets position KION very well for the future.” The Industrial Trucks & Services segment increased total revenues by 4.1 percent to € 4.306 billion (H1 2023: € 4.135 billion), supported by a higher number of products delivered and previous price increases. The revenue in the service business grew by 2.3 percent across all key categories. Despite a slight increase in the second quarter, total revenue in the Supply Chain Solutions segment declined to € 1.451 billion (H1 2023: € 1.497 billion) in the first half of 2024 – mainly due to lower order intake in the project business in previous quarters. The service business revenue increased by 11.9 percent compared to the first half of 2023. Adjusted EBIT for the Industrial Trucks & Services segment improved substantially to € 470.7 million (H1 2023: € 378.9 million). Revenue growth combined with stable material purchase prices led to a significantly higher gross margin. The adjusted EBIT margin increased to 10.9 percent (H1 2023: 9.2 percent). At € 42.1 million, adjusted EBIT in the Supply Chain Solutions segment almost tripled compared to the previous year (€ 14.8 million). Improved project implementation, efficiency measures and, in particular, the growth in the service business contributed to the improvement in earnings and margins. The adjusted EBIT margin rose to 2.9 percent (H1 2023: 1.0 percent). KION Group net income improved to € 181.7 million in the first half of 2024 (H1 2023: € 146.3 million). This corresponds to undiluted earnings per share of € 1.35 (H1 2023: € 1.09). Free cash flow was € 202.2 million (H1 2023: € 228.8 million) in the first six months of 2024 reflecting the high operating result. Outlook confirmed and narrowed The KION Group expects the global industrial trucks market (in units) to remain on the prior year level in 2024 compared to earlier expectations of slight growth. In the market for supply chain solutions, the KION Group now expects the global market volume in 2024 (measured in terms of revenue) to decline slightly compared with the previous expectation of a slight growth. Based on the business performance in the first half of the year and the updated market expectations, the Executive Board of KION GROUP AG has confirmed its outlook and narrowed its guidance ranges for the 2024 financial year as follows: Outlook 2024 KION Group Industrial Trucks & Services Supply Chain Solutions in € million Outlook 2024 Outlook 2024 adjusted Outlook 2024 Outlook 2024 adjusted Outlook 2024 Outlook 2024 adjusted Revenue1 11,200 – 12,000 11,300 – 11,700 8,500 – 9,000 8,500 – 8,700 2,700 – 3,000 2,800 – 3,000 Adjusted EBIT1 790 – 940 830 – 920 850 – 950 870 – 930 60 – 120 80 – 120 Free cash flow 550 – 670 550 – 670 – – – – ROCE 7.4% – 8.8% 7.7% – 8.7% – – – – 1 Disclosures for the Industrial Trucks & Services and Supply Chain Solutions segments also include intra-group cross-segment revenue and effects on EBIT. Key performance indicators for the KION Group and its two operating segments for the first half-year of 2024 and for the second quarter ending June 30, 2024 in € million Q2/2024 Q2/2023 Diff. H1/2024 H1/2023 Diff. Revenue Industrial Trucks & Services Supply Chain Solutions 2,877 2,153 732 2,836 2,130 714 1.4% 1.1% 2.5% 5,736 4,306 1,451 5,617 4,135 1,497 2.1% 4.1% -3.1% Adjusted EBIT [1] Industrial Trucks & Services Supply Chain Solutions 220.3 231.0 23.7 192.3 202.3 7.7 14.5% 14.2% > 100% 447.0 470.7 42.1 348.3 378.9 14.8 28.3% 24.2% > 100% Adjusted EBIT margin [1] Industrial Trucks & Services Supply Chain Solutions 7.7% 10.7% 3.2% 6.8% 9.5% 1.1% – – – 7.8% 10.9% 2.9% 6.2% 9.2% 1.0% – – – Net income 70.7 72.8 -2.9% 181.7 146.3 24.1% Basic earnings per share (in €) (undiluted) [2] 0.52 0.54 -4.1% 1.35 1.09 23.6% Free cash flow [3] 136.5 123.9 12.7 202.2 228.8 -26.5 Order intake [4] Industrial Trucks & Services Supply Chain Solutions 2,640 1,966 677 2,872 2,001 881 -232 -35 -204 5,079 3,770 1,318 5,273 3,957 1,335 –194 -188 -17 Order book [4], [5] Industrial Trucks & Services Supply Chain Solutions 5,272 2,602 2,732 6,045 3,197 2,921 -773 -595 -189 Employees [6] 42,303 42,325 -22 [1] Adjusted for effects of purchase price allocations as well as non-recurring items. [2] Net income attributable to shareholders of KION GROUP AG: € 177.0 million (H1/2023: € 143.3 million). EPS calculation is based on average number of shares of 131.1 million. [3] Free cash flow is defined as cash flow from ongoing business plus cash flow from investment activity. [4] Prior-year figures for order intake and order book have been definition-related adjusted in the SCS segment. [5] Figures as of June 30, 2024, compared to balance sheet date Dec. 31, 2023. [6] Number of full-time equivalents incl. apprentices and
H&E Equipment Services, Inc. reports second quarter 2024 results
H&E Equipment Services, Inc. reported financial results for the second quarter that ended June 30, 2024, including further expansion of its branch network which now extends to 31 states. SECOND QUARTER 2024 SUMMARY WITH A COMPARISON TO SECOND QUARTER 2023 Revenues increased 4.5% to $376.3 million compared to $360.2 million. Net income was $33.3 million compared to $41.2 million. The effective income tax rate was 27.8% compared to 26.3%. Adjusted EBITDA totaled $173.2 million, an increase of 2.8% compared to $168.6 million. Adjusted EBITDA margins were 46.0% of revenues compared to 46.8%. Total equipment rental revenues were $312.4 million, an increase of $20.9 million, or 7.2%, compared to $291.5 million. Rental revenues were $275.5 million, an increase of $16.8 million, or 6.5%, compared to $258.7 million. Sales of rental equipment decreased 11.9% to $34.9 million compared to $39.7 million. Gross margin declined to 45.5% compared to 46.7%. Total equipment rental gross margins were 45.5% compared to 46.8%. Rental gross margins were 51.0% compared to 51.8%. Average time utilization (based on original equipment cost) was 66.4% compared to 69.3%. The Company’s rental fleet, based on original acquisition cost, closed the second quarter of 2024 at $2.9 billion, an increase of $279.0 million, or 10.7%. Average rental rates increased 1.9% compared to the second quarter of 2023, and declined 0.1% compared to the first quarter of 2024. Dollar utilization of 38.6% compared to 40.6% in the second quarter of 2023 and 37.0% in the first quarter of 2024. Average rental fleet age on June 30, 2024, was 40.0 months compared to an industry average age of 48.1 months. Paid regular quarterly cash dividend of $0.275 per share of common stock. Reviewing the Company’s second quarter performance, Brad Barber, chief executive officer of H&E noted, “Rental revenues increased 6.5% compared to the year-ago quarter, with the increase led primarily by the ongoing expansion of our branch network. A total of 23 new locations, including acquisitions, were opened over the last twelve months ending June 30, 2024, providing important access to new markets with expanding opportunities. Also, we received support from rental rates, which improved 1.9% compared to the year-ago level. On a sequential quarterly basis, rental rates in the second quarter declined 0.1%. The improvement in revenues was partially offset by lower average physical utilization, which closed the quarter at 66.4%, or a decline of 290 basis points compared to the year-ago result. Average physical utilization in the second quarter recorded a sequential quarterly improvement of 280 basis points. Finally, we closed the quarter with an original equipment cost (OEC) of $2.9 billion, a 10.7% increase from the year-ago quarter, including a gross fleet investment of $122.1 million in the second quarter and $196.5 million through the first six months of 2024. Our 2024 expected gross fleet expenditures remain in a range of $350 million to $400 million.” Mr. Barber described the Company’s sustained focus on expansion into key U.S. markets, stating, “We opened six new branch locations during the second quarter that enhance our presence in the Southeast, Gulf Coast and Mid-Atlantic regions of the U.S., representing attractive geographies with increasing construction activity and excellent long-term potential. Also, the completion of our latest acquisition in May 2024 resulted in the addition of four branches in northern and central Montana, increasing our presence in that state to six locations while maximizing our exposure to a diverse set of project opportunities. This long-term strategic commitment to expanding our market presence provides greater scale and advantageously positions the Company for future opportunities and improved financial performance. We concluded the second quarter of 2024 with 149 branches across 31 states, representing growth of approximately 45% over the last 36 months ending June 30, 2024.” Commenting on the outlook for the equipment rental industry, Mr. Barber said, “We reiterate our view of a more moderate level of spending and project starts as the construction industry continues to transition to a lower level of activity compared to levels in 2022 and 2023. Higher project financing costs and more stringent lending standards have led to curtailed spending, especially among smaller contractors. Conversely, we are encouraged by the continued growth in mega projects and increased infrastructure project funding. H&E’s participation in these projects continues to rise as the Company fully leverages its increased scale in the U.S. Mega projects are a meaningful growth opportunity for H&E and our industry, and given their size and long duration, they provide a more stable base of demand in support of key industry fundamentals.” FINANCIAL DISCUSSION FOR SECOND QUARTER 2024 Revenue Total revenues improved to $376.3 million, or 4.5%, in the second quarter of 2024 from $360.2 million in the second quarter of 2023. Total equipment rental revenues of $312.4 million improved 7.2% compared to $291.5 million in the second quarter of 2023. Rental revenues of $275.5 million increased 6.5% compared to $258.7 million in the second quarter of 2023. Sales of rental equipment totaled $34.9 million, a decrease of 11.9% compared to $39.7 million in the second quarter of 2023. Sales of new equipment of $10.7 million increased 20.5% compared to $8.9 million in the same quarter of 2023. Gross Profit Gross profit totaled $171.3 million in the second quarter of 2024, increasing 1.7% compared to $168.4 million in the second quarter of 2023. Gross margin declined to 45.5% for the second quarter of 2024 compared to 46.7% for the same quarter in 2023. On a segment basis, gross margin on total equipment rentals was 45.5% in the second quarter of 2024 compared to 46.8% in the second quarter of 2023. Rental margins were 51.0% compared to 51.8% over the same period of comparison. Rental rates in the second quarter of 2024 were 1.9% better than rates in the second quarter of 2023. Time utilization (based on original equipment cost) was 66.4% in the second quarter of 2024 compared to 69.3% in the second quarter of 2023. Gross margins on sales of rental equipment improved to 62.4% in the second quarter of 2024 compared to 59.1% in second quarter of 2023. Gross margins on sales of new equipment were 16.9% in the second quarter of 2024 compared to 14.9% over the same period of comparison. Rental Fleet The original equipment cost of the Company’s rental fleet as of June 30, 2024, was approximately $2.9 billion, representing an increase of $279.0 million, or 10.7%, from the end of the second quarter of 2023. Dollar utilization in
Intella Parts searches for the oldest Toyota forklift
For over 86 years, Toyota has built a reputation for reliability, innovation, and leadership in the automotive and industrial sectors. The iconic Toyota Corolla, with over 50 million units sold worldwide and the best-selling car in history, underscores the brand’s exceptional success in the automotive industry. Beyond its prominence in passenger vehicles, Toyota has also established itself as the leading forklift brand globally. With an estimated market share of 28.44%, businesses worldwide rely on Toyota forklifts for their robust performance, reliability, and efficiency. Toyota forklifts are crucial in enhancing operational efficiency and productivity from warehouses to distribution centers and manufacturing facilities. In daily operations, we often encounter remarkably old units that are still working well. Last year, Intella Parts held a contest to determine the oldest-running Hyster forklift. The winner was a 1945 Hyster model KD KarryKrane owned by Phillip DeLuna from Public Steel in Amarillo, TX. The question arises: What is the oldest Toyota forklift that is still operational? How to participate: Email Intella Parts your photos to oldestforklift@intellaparts.com, along with details about the forklift’s year, stories, and some interesting facts about the unit. If possible, include a picture of the plate. The winner will receive a $100 gift certificate for Intella Parts, a $100 Visa gift card, and bragging rights as the owner of the oldest Toyota forklift.
Live from WERC 2024: Insights from Big Joe
This special episode comes to you from this year’s WERC Conference. This episode, sponsored by Big Joe Forklifts, dives into the latest trends and technologies in the material handling industry with Kevin being joined by Kurt Spyke, the Director of National Accounts at Big Joe Forklifts, to discuss the state of the industry, innovative solutions, and what lies ahead. The Big Joe Evolution Kurt provides an overview of Big Joe and how they’ve grown over the last 75 years, emphasizing their role as a solution provider in the material handling industry. He shares exciting news about their new 300,000-square-foot facility in Madison, Wisconsin, which will house both the Big Joe and EP brands. With a reputation for being the number one manufacturer of Class 3 products, Big Joe is also bringing innovative new lithium-ion Class 1 operating vehicles to their customers. Spyke explains that this strategic move to lithium-ion is driven by the industry’s increasing acceptance of this technology. “We’re investing heavily into the market through our dealer network and the National Account Channel,” says Spyke, as he outlines their commitment to providing energy-efficient and cost-effective solutions. Material Handling Trends and Technological Advances Kevin and Kurt dive into the current state of the material handling market, discussing the soft landing post-2022 and 2023. Spyke shares insights into how the market slowdown allows companies to refocus on research and development, particularly regarding lithium-ion technology. “It’s a time for education and exploration,” he notes, pointing out that the lower cost and improved safety of lithium-ion options are making them more attractive to companies traditionally using combustion or lead acid batteries. They discuss the influx of automation and robotics in the industry. Spyke introduces Big Joe’s semi-autonomous offerings which comes in the form of an Autonomous Mobile Robot (AMR) and provides an efficient and flexible solution without the need for extensive infrastructure. “We can have a situation up and running in under an hour,” he claims, highlighting the practicality and affordability of these solutions. He explains that companies are looking for ways to enhance efficiencies, particularly in repetitive tasks and by integrating semi-autonomous solutions, companies can significantly improve their operations without extensive overhauls or additional costs. Navigating the Future of Material Handling As the market dynamics change, Spyke emphasizes that decision-makers now have more power than ever. With inventories stabilizing, companies can be more selective about their purchases. “We are definitely in a buyer’s market,” he asserts, advising sales reps to listen closely to customer needs and provide tailored solutions. According to Spyke, the future of material handling involves a more consultative approach. Big Joe aims to educate customers and offer solutions that improve day-to-day operations without drastic changes. He believes in empowering companies to “make good great” by helping them find innovative, cost-effective solutions that fit their specific needs without having to pursue the large shiny objects. The New Warehouse Podcast Live from WERC 2024: Insights from Big Joe
Bobcat Company launches $100,000 Park and Rec Makeover Contest
Bobcat Company, a global equipment, innovation, and worksite solutions brand, has launched a nationwide Bobcat Park and Rec Makeover Contest to give one community a $100,000 park makeover. Contest Kick-off To kick off the contest, Bobcat teamed up with its brand ambassador and renovation expert Chip Gaines for a baseball field makeover to inspire communities to see the potential in their local park and recreation spaces. Bobcat brought its iconic white and orange equipment and a fleet of volunteers to Gaines’ hometown of Waco, Texas, to make over a local ballfield. Gaines, the host of the hit show “Fixer Upper” and Magnolia co-founder, advocates youth sports, having played baseball growing up and during college. “I grew up playing ball at local parks, and now, my boys have too. Spending time outside and being involved in community sports is such a big part of our family’s life, which makes me thrilled to partner with Bobcat here in Waco to renovate a local ballpark as they launch their national contest,” said Gaines. “It’s projects like this that really bring a community together, today but also decades down the road.” Commitment to Community The Bobcat Park and Rec Makeover Contest is open to communities in the U.S. with a shovel-ready park and recreation project. Funds can be used to renovate or create a park and recreation space or facility based on the winning community’s needs. “Bobcat is so much more than machines; we’re a team and a brand committed to community, and we’re demonstrating that commitment by investing our time and resources to help build a stronger, better tomorrow,” said Laura Ness Owens, Bobcat vice president of global brand and marketing. Bobcat has long supported communities where its customers, dealers, and employees live and work. In 2023, Bobcat partnered with the National Recreation and Park Association (NRPA) to offer grants to create sustainable community parks and recreation areas. Bobcat continues to work with NRPA as its partner for its Park and Rec Makeover Contest and through its sponsorship of Park and Recreation Month. “At Bobcat, we’re all about building the kind of world we want to live in, and this contest is just one of the ways we’re giving back to help communities thrive,” Ness Owens explained. “Teaming up with Chip to fix up a ballpark in the Waco area is our way of encouraging people to take action in their own towns. It could be by nominating their community for a similar makeover or simply volunteering and getting involved. We want this partnership with Chip and our shared dedication to community to light a spark in others to give back and strengthen communities everywhere.” For full contest details, rules, and regulations and to enter for a chance to win, visit bobcat.com before Aug. 16, 2024. Also, to learn more about how Bobcat is giving back and building community, please visit bobcat.com.
Toyota Material Handling lifts communities Nationwide
Toyota Material Handling and its nationwide network of dealers showcased its commitment to improving their local communities during the company’s annual ‘Lift the Community Day.’ Since 2021, Toyota associates have participated in an annual day-long philanthropic event near Toyota’s Columbus, Indiana, headquarters. This year, the initiative expanded to include participation from Toyota’s dealers, increasing the impact on communities throughout the U.S. On July 1, 324 Toyota associates completed 2,300 volunteer hours during the event. In addition to impacting the Columbus community, associates from 10 dealerships and Toyota’s Heavy Duty division participated in their volunteer efforts, making this a nationwide philanthropic event. “Participating in ‘Lift the Community Day’ is important to our associates and to upholding Toyota’s core values,” said Tracy Stachniak, Toyota Material Handling Vice President of Human Resources. “Our business has the resources and compassion to be a philanthropic leader and make a significant impact not only in our local community but throughout North America. We were eager to expand this event to dealers and look forward to driving further change throughout our communities.” ‘Lift the Community Day’ exemplifies Toyota’s founding principle of contributing to society and ‘helping people carry the load’ by promoting a compassionate environment. This year, associates and dealers supported more than 30 local non-profit organizations and programs throughout five Indiana counties and 11 states across the country. These efforts resulted in an economic impact exceeding $84,685. Corporate social responsibility is central to Toyota’s culture, reflecting the company’s core values: be faithful to duties and create a home-like atmosphere. Toyota fosters numerous community-focused relationships, including corporate partnerships with the American Red Cross, United Way, and Anchor House, an Indiana nonprofit providing housing initiatives, employment resources, and nutritional assistance. “We are incredibly grateful for the unwavering support and dedication of the volunteers from Toyota,” said Grace Kestler, Executive Director of The Arc of Bartholomew County. “Their commitment to our cause has been invaluable, and their contributions have made a significant impact on our efforts. With their expertise and hard work, they played a crucial role in our renovation project. We deeply appreciate the partnership with Toyota and thank them for being an essential part of our mission to support individuals with disabilities, helping us create a more inclusive and brighter future for our community.” Toyota provides each associate with paid community service hours to volunteer with various organizations. Throughout the year, Toyota sponsors and organizes volunteer activities on and off campus. In 2023, Toyota associates donated 11,765 hours to support local organizations, contributing to a total economic impact of $745,721. Learn more about Toyota’s commitment to volunteerism and corporate social responsibility here.
Longtime Hyster-Yale technology leader honored as distinguished supply chain professional
Hyster-Yale Materials Handling announces that Steven LaFevers, Vice President of Global Emerging Technology, has been named a 2024 Rainmaker by DC Velocity, a supply chain and logistics trade publication. This recognition honors LaFevers’ for his accomplishments at Hyster-Yale, most notably building the company’s Emerging Technology division from the ground up. “I’ve worn a lot of different hats in my 24-plus years with Hyster-Yale, but the most rewarding has been developing and leading our Emerging Technology team,” said LaFevers. “I’m honored by this recognition, but want to acknowledge that it doesn’t solely belong to me – it belongs to every member of the team. Without their hard work and ingenuity, we wouldn’t be able to develop and launch technologies that bring our company and our industry into the future.” LaFevers’ division embodies the technology innovation capabilities of a startup while leveraging the company’s resources as a mature materials handling manufacturer. The Emerging Technology team has grown significantly, from 25 employees to more than 150 in the last few years alone, and has introduced groundbreaking technology solutions to the market. LaFevers held a pivotal role in developing and launching a first-of-its-kind operator assistance technology suite, marketed through the Yale® and Hyster® brands as Yale Reliant™ and Hyster Reaction™. Since its commercial launch in 2021, Hyster Reaction and Yale Reliant have been deployed on more than 6,000 lift trucks and accumulated more than 14 million hours of real-world run time. In response to customer demand, the company has rapidly expanded the availability of the solution from an original lineup of five lift truck models at launch to a total of 59 models. LaFevers also spearheaded the adoption of the company’s lift truck telematics solution. They oversaw the commercialization of the company’s automated lift trucks, which have grown to a commercially installed base of over 500 units and counting. Through his years of experience, LaFevers has also become a go-to source for media outlets covering the space on materials handling trends and technology. He has participated in interviews and written bylined articles for publications, including Robotics 24/7, Workplace Material Handling & Safety, Food Logistics, and more. Additionally, LaFevers is one of the founding members of the Board of Directors for the East Carolina University (ECU) Innovation Foundation.