ARA’s US & Canada third-quarter economic forecast released
In its updated forecast, the American Rental Association (ARA) indicates that the United States equipment rental industry’s 2024 growth projection indicates softening. The most current projections indicate an 8.9% revenue increase in 2024, totaling $78.7 billion in construction and general tool rental revenue, and a 5.3% growth in 2025. This is a decrease from last quarter’s projected 9.7% increase, totaling $79.2 billion. Broken down...
NGen awards Nano One and Worley $2.8 Million
Next Generation Manufacturing Canada (NGen) awards Nano One and Worley Chemetics C$2.8 million in non-dilutive non-repayable funding through the Electric Vehicle Manufacturing Program (EVMP). The award supports the joint development of reactors and kiln components for the One-Pot process, Nano One’s patented, scalable, and efficient method for producing lithium-ion batteries. The NGen award supports cathode active materials production...
Plastics Machinery Shipments decline in Q2 2024, growth prospects remain
The Plastics Industry Association’s Committee on Equipment Statistics (CES) released Q2 2024 shipment data for primary plastics machinery in North America, covering injection molding and extrusion. The shipment value is estimated at $224.8 million, marking a 15.4% decrease from the previous quarter and a 36.2% year-over-year (Y/Y) decline. In the primary plastics machinery sector, single-screw extrusion saw a 3.4%...
Mitsubishi Logisnext Americas and Family of Brands join efforts to Sponsor the 2024 FedEx St. Jude Championship
Mitsubishi Logisnext Americas Inc. (Logisnext) has announced its return as a sponsor for the 2024 FedEx St. Jude Championship. This year, Logisnext is joined by its entire family of brands – Cat® lift trucks, Jungheinrich®, Mitsubishi Forklift Trucks, UniCarriers® Forklift and Rocla AGV Solutions – showcasing a unified front in support of the St. Jude Children’s Research Hospital. From Aug. 14 to 18 at the TPC Southwind in...
MHEDA announced Parts & Service Management Conference Registration open
The Material Handling Equipment Distributors Association (MHEDA) is excited to announce its upcoming Parts & Service Management Conference, set for September 12, 2024, at Atlas Toyota Material Handling in Elk Grove Village, Illinois. This one-day event is designed to empower professionals in the material handling industry with actionable insights and best practices to elevate department performance and profitability. The...
Hyster-Yale participates in US Department of Defense SkillBridge program
Program advances Hyster-Yale’s commitment to veterans, enables manufacturer to recruit talent from the world’s most highly trained and motivated workforce. Hyster-Yale Materials Handling announces its participation in the United States Department of Defense (DOD) SkillBridge program, offering training and career opportunities to service members and their spouses as they transition to civilian life. DOD SkillBridge connects service...
Essential measures for minimizing disruption amid Ningbo Port closure
Container xChange is alerting the global container trading and leasing community to the serious repercussions of the recent explosion aboard the Yang Ming vessel YM Mobility at Ningbo Port, China. This incident, which has led to the closure of one of the world’s busiest container terminals, is expected to have significant ripple effects across global supply chains, especially on the main trade lanes out of Asia. On August 9, 2024, a...
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