Conveyor equipment orders down in June
Booked orders fell 1.8% compared to May and were down more than 60% compared to year-ago record levels, association says.
Demand for conveyor equipment fell in June, according to the latest statistics from the Conveyor Equipment Manufacturers Association (CEMA), released Tuesday.
Booked orders for conveyor equipment in June were down 1.8% compared to May and down 60.1% compared with June 2018, the association said. The year-over-year decline reflects record levels in June 2018, when conveyor equipment orders were more than twice the average level, according to CEMA's Executive Vice President Bob Reinfried.
Booked orders for bulk handling equipment were down 8% while orders for unit handling equipment were up 1.3% compared to May.
Shipments were down in June, as well. CEMA reported that overall shipments of conveyor equipment fell by nearly 21% compared to June 2018 and were down nearly 18% compared to May. June shipments of bulk handling equipment fell nearly 7% while shipments of unit handling equipment were down 21.3% compared to the previous month, the association said.
Resources Mentioned In This Article
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Conveyor equipment orders down in June">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.