Subscribe to our free, weekly email newsletter!


CEMA notes record-setting growth at fall meeting

By Josh Bond, Contributing Editor
September 28, 2012

At its annual meeting last week, members of the Conveyor Equipment Manufacturers Association (CEMA) expressed cautious optimism for the future while celebrating the second consecutive year of record-breaking numbers.

According to Bob Reinfried, executive vice president of CEMA, some members reported a slowdown in July and August, but said September was on track to be a strong month. “The optimism is cautious because of the rumblings about the state of the economy,” he said. “But things are looking good out there.”

Reinfried said the 12-month forecast looks even better than the six-month projections. “Across the board, people are feeling very good about the rest of the year, and we’re looking forward to 2013 as well.”

CEMA reports that overall industry orders (bookings) for the first six months of 2012 increased 22.79% compared to the same period in 2011, with total orders of $5.46 billion.

CEMA estimates industry billed sales (shipments) for the first six months of 2012 increased 30.37% compared to the same period in 2011, with total shipments of $5.22 billion.

In the Bulk Conveying area, orders were up 40.8% and shipments were up 40.5%. Unit Handling orders were up 10.0% and shipments were up 22.1%.

CEMA tracks new orders and shipped sales volume in nine classes of unit handling equipment and four classes of bulk handling equipment. As a result of the continued strong order rate, the executives representing CEMA member companies who attended the Fall Meeting were forecasting a 17% to 20% increase in shipments for 2012 (changed from March 2012 forecast of an 10% increase). CEMA President, Ron Arkema announced the results at the Association’s Fall Meeting in Chicago, Illinois.

About the Author

Josh Bond
Contributing Editor

Josh Bond is a contributing editor to Modern. In addition to working on Modern’s annual Casebook and being a member of the Show Daily team, Josh covers lift trucks for the magazine.


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Last week, the United States Department of Transportation took further steps to address various issues identified in recent train accidents involving crude oil and ethanol shipped by rail. The announcement was made by DOT with other DOT agencies, including the Federal Railroad Administration (FRA) and the Pipeline and Hazardous Materials Safety Administration (PHMSA).

Logistics Management Group News Editor Jeff Berman had an opportunity to interview Derek Leathers, President and Chief Operating Officer of Werner Enterprises, at this month's NASSTRAC Shippers Conference and Transportation Expo in Orlando. They discussed various aspects of the truckload market, including prices, fuel, and regulations.

During this webcast our presenters will apply the findings of the 23rd Annual Trends & Issues in Transportation and Logistics Study to the world of shipper-carrier decision making. They'll examine the primary aspects that will influence the future direction for shipper-carrier decision-making.

For February, the month for which most recent data is available, the SCI dropped to -1.0 from January’s 2.6, with FTR explaining that the short term positive impact from one-time adjustments for rapidly dropping diesel prices and the suspension of the 2013 motor carriers hours-of-service expires later this year.

Seasonally-adjusted (SA) for-hire truck tonnage in March was up 1.1 percent on the heels of a revised 2.8 percent (from 3.1 percent) February decline, with the SA index at 133.5 (2000=100). This is off 0.3 percent from the all-time high for the SA of 135.8 from January 2015 and is up 5 percent annually.

Article Topics

News · CEMA · All topics

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA