MHI forecasts growth of material handling equipment new orders of 7.0% for 2013

Shipments forecasted to grow 5.0% in 2013 and 10.8% in 2014.
By Modern Materials Handling Staff
September 04, 2013 - MMH Editorial

Material handling equipment orders are forecasted to grow 7.0% in 2013 and 11.0% or more in 2014, according to the latest Material Handling Equipment Manufacturing Forecast (MHEM) released by MHI. Projections for both orders and shipments in 2013 and 2014 have been revised upward since May’s MHEM.

“According to IHS Global Insight, the fundamentals for solid growth in the U.S. economy are in place for 2014 and 2015. Risks certainly remain, but these risks are not new. We expect these fundamentals to favorably support MHEM expansion through 2013 and 2014, setting the stage for continued expansion into 2015.,” says Hal Vandiver, MHI executive consultant.

In addition, material handling equipment shipments are forecasted to grow 5.0% in 2013 and 10.8% in 2014. Domestic demand (shipments plus imports less exports) are estimated to grow 5.2% in 2013 and just over 11% in 2014.

MHEM Trade growth slowed by more than 50.0% in 2012 reflecting reduced US demand and serious problems in foreign markets. Import growth in 2012 was 17.9%, down from 37.7% in 2011. Export growth was 11.2% in 2012, down from 26.2% in 2011. MHEM Imports and Exports are expected to slow dramatically in 2013 and rebound modestly beginning mid-2014.

The MHEM forecast of material handling equipment manufacturing is released each quarter by MHI and looks 12 to 18 months forward to anticipate changes in the material handling and logistics marketplace.



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

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

The Department of Transportation’s Bureau of Transportation Logistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in December 2014 was up 5.4 percent annually at $95.8 billion. This marks the 11th straight month of annual increases, according to BTS officials.

While the volume decline was steep, there was numerous reasons behind it, including terminal congestion, protracted contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union, and other supply chain-related issues, according to POLA officials.

Truckload rates for the month of January, which measures truckload linehaul rates paid during the month, saw a 7.9 percent annual hike, and intermodal rates dropped 0.3 percent compared to January 2014, which the report pointed out marks the first annual intermodal pricing decline since December 2013.

Article Topics

News · Materials Handling · Manufacturing · Economy · MHI · All topics

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

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