From wikiMHEDA
In order to provide more lift truck, conveyor, storage and handling, rack, mezzanines and material handling regional news and information, please provide your Zip Code information in the box at the right and press Go. Thank you!
Material Handling Headlines
Military Production Helps JLG
- 1/29/2010
JLG Industries' sales of aerial platforms and telehandlers fell by 45.6% to US$200.4M for the final quarter of 2009, although the company benefited from an additional $527.6M in revenues for M-ATV military vehicles built for its parent company, Oshkosh Corp. Sales of new aerial platforms and telehandlers fell by 60%.
Including these military sales - JLG produced between 35 and 45% of all Oshkosh's M-ATVs in the period - the division made an operating profit of $13.5 million compared to a loss of $47.0 million for the same quarter in 2008. Oshkosh said sales of new access products actually fell by 60% in the final quarter of 2009 (which is the first quarter of the Oshkosh fiscal year).
The fall in aerial platform sales is dramatic given that the world economy had already entered the financial crisis before the final quarter of 2008. However, Oshkosh points out that JLG benefitted from a backlog of orders that was still being fulfilled at the end of 2008.
Read the full story at: khl.com
RSS Feed 
| Comment on this News Item: |
|
|
|
|
|
|
| 7/29/2010 | Nissan Spins Off Industrial Division ...more | Comments
New company, Nissan Forklift Co., formed. |
| 7/29/2010 | Industry Group Releases Report ...more | Comments
MHIA’s AGVS Industry Group releases its quarterly industry report. |
| 7/29/2010 | Cimcorp Acquires RMT ...more | Comments
Material handling supplier acquires company’s North American operations. |
| 7/28/2010 | Hytrol Hires Johnson ...more | Comments
Mitch Johnson to join conveyor manufacturer as director of systems development. |
| 7/28/2010 | Darr Equipment Adds JCB Line ...more | Comments
Material handling distributor takes on construction equipment line. |
| 7/28/2010 | Financier Joins Material Handling Market ...more | Comments
Equipment lessor adds material handling equipment to its portfolio. |
| 7/27/2010 | DACO Partners With Teilhaber ...more | Comments
Distributor will add line to its product offering. |
| 7/27/2010 | Briggs Exec Receives Designation ...more | Comments
David Consider receives Associate Safety Professional distinction from the Board of CSP. |
| 7/27/2010 | Wal-Mart Takes New RFID Approach ...more | Comments
Company embraces new direction with RFID technology. |
| 7/26/2010 | EnerSys Appoints Director ...more | Comments
Seifi Ghasemi to join battery maker’s Board of Directors. |
|
