Subscribe to our free, weekly email newsletter!


Conveyor industry: CEMA report says booked orders jumped 27% in June

The Conveyor Equipment Manufacturers Association monthly report show booked orders in June 2010 were up 27% over May 2010 and up 53% over the same time period last year
By Staff
August 16, 2010

In its latest monthly report, the Conveyor Equipment Manufacturers Association (CEMA) reported that its June 2010 Booked Orders Index was 167. That index in June is up 36 points or 27% from May 2010’s index of 131 (1990=100). The June 2010 index represents an increase of 53% from the June 2009 index of 109.

The organization’s baseline calculation uses the year 1990 as a comparison.  Numbers to the right of the equation show the current state of the conveyor industry as compared to 1990.  Therefore, anything above 100 indicates growth, while anything less indicates a contraction in the industry.

Does this mean that the conveyor industry is out of the economic woods and on a steady incline? In an interview with Modern, Bob Reinfried, CEMA’s executive vice president, said he was very pleased with the recent report, and cautiously optimistic about the future. “Obviously [these numbers] show a great improvement,” he said, “but I don’t have a good feel for lies ahead of us right now.”

While Reinfried admitted CEMA saw good numbers in June, he also explained that it’s too early to tell if we should expect the numbers to continue to climb.

The 12-month Index for Booked Orders was 117 in June. The index in June represents an increase of 4% from May 2010’s 12-month index of 112.

The CEMA Billed Sales (shipments) index was 134 in June. The index in June represents an increase of 14% from May 2010’s Index of 117. The June 2010 index represents an increase of 10% from the June 2009 index of 122.

The 12-month Index for Billed Sales was 111 in June. That index in June represents an increase of 1% from May 2010’s 12-month index of 110.

Like the temporary census workers skewing the national employment figures, was there something happening in the conveyor industry that caused the June spike?  Reinfried says it’s too early to tell.

“Next month will tell us whether this is a trend or whether there was something that caused a bump in the numbers,” said Reinfried. 

Not only will the organization have another set of monthly numbers on hand, but CEMA will host its Fall Meeting and hear reports from each member company.  Reinfried believes these reports will give a better sense of whether or not the industry is experiencing true growth. 

Last month Reinfried told Modern that CEMA is forecasting an increase of 2% to 3% for the overall North American conveyor market in 2010.  This month’s report certainly supports an increase.  Next month’s reports will add clarity.

CEMA’s Fall Meeting is in Chicago in September.

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

Transportation stakeholders reliant on North Carolina’s major seaports are welcoming news this week, which outlines plans to enhance the intermodal and cold chain network in the region.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

Non asset-based third-party logistics (3PL) services and logistics technology services provider Transplace said today that Brooks Bentz has joined the company in a newly-created role as president of Transplace Consulting in conjunction with the launch of the company’s new North American consulting services practice.

The advent of e-commerce continues to grow and gain increased traction over time. The many ways for consumers to order and purchase goods online continues to expand and leads to various subsequent byproducts of online purchases, including shopping through multiple channels, and delivery and payment options, among other things. These types of topics serve as the thesis in the second annual UPS Pulse of the Online Shopper Global Study issued this week by UPS and comScore Inc.

A major highlight of CEVA’s fourth quarter performance was its new business wins, which were up 14 percent for all of 2014, with Freight Management wins up 14 percent, and Ocean Freight and Air Freight wins up 30 percent and 14 percent, respectively, while Contract Logistics wins were up 2 percent.

Article Topics

News · 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