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

Key sanctions are unlikely to be fully removed until Congress lifts the U.S. embargo on Cuba – something unlikely to take place before 2018 when incumbent president Raúl Castro is expected to step down

The PMI, the ISM’s index to measure growth inched up 0.7 percent to 53.5 over May’s 52.8. This reading marks sequential growth for the third month in a row, which was preceded by five months of sequential declines.

Foreign direct investment has never been more important in catalyzing growth, whether in the developed or developing world. Although equity markets around the world have largely recovered since the financial crisis, global capital flows have contracted sharply.

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

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