Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

New orders for material handling equipment to decline into 2021

Covid-19 exacerbates slowing conditions, but increasing e-commerce may provide a silver lining, report shows.

MHEDA economic outlook
DC Velocity Staff
By DC Velocity StaffMay 08, 2020
DC Velocity Staff
See Full Bio

Slowing economic conditions have been exacerbated by the Covid-19 pandemic, and business leaders should prepare for deeper declines in the second quarter before conditions begin to improve later in the year.

That's according to a quarterly economic forecast from the Material Handling Equipment Distributors Association (MHEDA), released this month. The members-only report points to an anticipated rise in gross domestic product (GDP) in the third quarter, followed by a “full-fledged recovery” in the second half of 2021, according to report authors from ITR Economics. Looking at material handling equipment in particular, the researchers said they expect new orders for material handling equipment to decline into early 2021. One upside to the risk is growth in e-commerce, which could lead to greater demand for warehousing space and material handling equipment, according to the report.

MHEDA's quarterly forecast is designed and written by ITR Economics, with insights into a range of markets, including U.S. industrial production, material handling equipment new orders, warehouse construction, and e-commerce retail sales.

Information about the report is available at https://www.mheda.org

 

ArticleMaterial Handling
mheda
ArticleMaterial Handling
mheda

The Latest

map of Roadrunner freight routes
Trucking

Roadrunner CEO and partner buy ownership stake in company

chart of port of oakland container traffic
Ports

Port of Oakland import volume approaches pre-pandemic level

office workers using GenAI
Artificial Intelligence

Companies feel growing pressure to invest in GenAI

Worker in warehouse scans item with wearable scanner; in the background is an AMR assisting another worker.
Zebra

Pick the Winning Path

More Stories

port of oakland port improvement plans

Port of Oakland to modernize wharves with $50 million grant

The Port of Oakland has been awarded $50 million from the U.S. Department of Transportation’s Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at its Outer Harbor facility, the port said today.

Those upgrades would enable the Outer Harbor to accommodate Ultra Large Container Vessels (ULCVs), which are now a regular part of the shipping fleet calling on West Coast ports. Each of these ships has a handling capacity of up to 24,000 TEUs (20-foot containers) but are currently restricted at portions of Oakland’s Outer Harbor by aging wharves which were originally designed for smaller ships.

Keep ReadingShow less

Featured

penske truck leasing site with rooftop solar panels
Article

Penske activates solar panels at three truck leasing sites

chart of global supplier capacity
Article

Suppliers report spare capacity for fourth straight month

graphic of coverage areas for US DOT
Article

Trump nominates former Wisconsin Congressman Duffy for DOT

Report: SMEs hopeful ahead of holiday peak
Featured

Report: SMEs hopeful ahead of holiday peak

screen display of GPS fleet tracking

Commercial fleets drawn to GPS fleet tracking, in-cab video

Commercial fleet operators are steadily increasing their use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures, according to an industry report from Verizon Connect.

Those conclusions come from the company’s fifth annual “Fleet Technology Trends Report,” conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals.

Keep ReadingShow less
forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
Copyright ©2024.