We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Orders of material handling equipment grew 7 percent in 2013, quarterly survey finds
inbound

Orders of material handling equipment grew 7 percent in 2013, quarterly survey finds

January 15, 2014
DC Velocity Staff
No Comments

New orders for material handling equipment grew by 7 percent in 2013 and are forecast to grow by at least 8.5 percent this year and 12 percent in 2015, according to the quarterly Material Handling Equipment Manufacturing Forecast (MHEM) released Monday by MHI, the material handling industry's trade group.

Shipments of material handling equipment grew by 7.4 percent in 2013 and are forecast to increase by 6.7 percent this year and 10.7 percent the next year, the report said. Domestic demand, defined by adding domestic and import shipments and subtracting export shipments, grew 7.9 percent and is forecast to grow by slightly more than 7 percent in 2014 and 10 percent in 2015, according to the report.

Imports grew by 3 percent in 2013, down from 17.9-percent growth in 2012. Export growth was flat in 2013, down from 11.2 percent in 2012. MHEM imports and exports are expected to rebound modestly beginning in mid-2014 and to continue growing in 2015, according to the report.

The MHEM forecast looks 12 to 18 months ahead to anticipate changes in the material handling and logistics marketplace, MHI said in a statement.

"We are optimistic about future outcomes and expect economic fundamentals to favorably support MHEM expansion through 2014 and 2015," says Hal Vandiver, MHI executive consultant.

Demand for material handling equipment is expected to be driven by an improving U.S. economy, better outlooks for international economies, and efforts by manufacturers to introduce more automation into their warehousing and distribution operations to increase efficiencies and reduce costs.

The Institute for Supply Management's (ISM's) closely followed monthly report on U.S. manufacturing posted solid numbers in December. The Purchasing Managers Index, or PMI, an aggregate of results from more than 400 purchasing managers, clocked in with its second-highest reading of 2013 at 57 percent. The index of new orders rose to 64.2 percent, its highest monthly reading since April 2010, ISM said.

Bradley J. Holcomb, who chairs the committee that publishes the survey, said the December results capped off a strong second half of 2013 that was "characterized by continuous growth and momentum in manufacturing."

Material Handling Publications & Associations
KEYWORDS MHI
  • Related Articles

    Big jump in material handling equipment orders unlikely to last

    New orders for material handling equipment to decline into 2021

    Survey: Use of material handling technology will grow, but slowly

Recent Articles by DC Velocity Staff

Logistics gives back: February 2023

Intermodal sector weathered a “challenging” year in 2022, IANA says

Nocturnal robots stock store shelves

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Maersk deploys indoor drones for warehouse inventory counts

  • Outlook 2023: What’s in store for logistics/supply chain?

Now Playing on DCV-TV

5afe63a5 7125 4318 b851 1e5738df1c91

Patterson Fan Co. | HVLS V-Series Ceiling Fan | Staging Area Air Movement

DCV-TV 4: Viewer Contributed
The Patterson V-Series is a high-volume, low-speed industrial ceiling fan that is designed to circulate a lot of air at a very low speed. These fans, ranging in diameters of 8’ all the way to 24’, are perfect for large, open spaces such as staging and shipping areas. One 24’ fan can generate a cooling effect of 6 –...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing