alliance of industrial truck organizations pf_ita.pdf · 2018-11-22 · source: industrial truck...

______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018

_______________________________________________________________________

Alliance of Industrial Truck Organizations

Presidents’ Forum

Antwerp, Belgium

Mr. Scott Johnson

ITA Chairman of the Board of Directors

(CLARK Material Handling Company)

September 13, 2018

1

_____________________________________________________________________US Trade Policy Overview

Highlights

• North American Free Trade Agreement

• Section 232 – Steel & Aluminum Tariffs

• Section 232 – Automotive & Automotive

Parts Tariffs

• Section 301 – Tariffs on Chinese Products

• Trans Pacific Partnership (TPP)

• Transatlantic Trade & Investment Partnership

(TTIP)

• Japanese Free Trade Agreement

• Korean Free Trade Agreement

• Others

_______________________________________________________________________Global Economic Outlook

3


_______________________________________________________________________US Economic Overview

4


_______________________________________________________________________US Gross Domestic Product (GDP)

5

4.1%


2.2%

_______________________________________________________________________US Personal Consumption Expenditures

6

4.0%

0.5%


_______________________________________________________________________US Employment Data

7

10.0%

3.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

-1000

-800

-600

-400

-200

0

200

400

600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Per

cen

t U

nem

plo

ymen

t

Net

ch

ange

in e

mp

loym

ent

per

mo

nth

(1

,00

0s

job

s)

Axis Title

United States EmploymentMonthly change, seasonally adjusted

Jobs Added/Lost Unemployment RateSource: U.S. Department of Labor, Bureau of Labor Statistics


_______________________________________________________________________US Employment Data

8

• 157,000 Jobs Added in July

• 37,000 Manufacturing Jobs in July• 327,000 Manufacturing Jobs added over the past 12 months

• Average monthly gain of 203,000 over the prior 12 months in total non-farm payroll employment


_______________________________________________________________________Monetary Policy

9

1.91%


http://fred.stlouisfed.org/graph/?g=kSha

http://fred.stlouisfed.org/graph/?g=kSha

_______________________________________________________________________Durable Goods Orders

10


_____________________________________________________________________Transportation Equipment

• New orders for transportation equipment increased 2.2% during June to $87.7 billion

11


_______________________________________________________________________US International Trade

12

US international trade balance in June 2018 was -$46.3 billion.


Strength in the June US Dollar Trade Weighted Index remains high.

112.76

94.70

127.73 123.30

-

20.00

40.00

60.00

80.00

100.00

120.00

140.00

US Dollar Trade Weighted Exchange Rate IndexSource: US FEDERAL RESERVE BOARD (FRB)

13

_______________________________________________________________________US International Trade


_______________________________________________________________________Global PMI

14


51

.55

0.9

51

.25

0.4 5

0.6

50

.6 50

.85

1.6 5

1.8

52

.15

3.1

53

53

53

.25

2.4

51

.9 52

.15

2.6

52

.4 52

.55

2.2

52

.25

1.8

51

.5 51

.7 51

.95

1.7

51

51

.35

15

15

0.7

50

.75

1.4

51

.35

0.7 5

0.9

50

50

.65

0.1

50

50

.45

15

0.8 5

15

2 52

.15

2.7

52

.75

35

35

2.7

52

.65

2.6 52

.75

3.2 53

.3 53

.55

4.1

54

.55

4.4

54

.15

3.3 5

3.5

53

.15

35

2.7

47

48

49

50

51

52

53

54

55JP MORGAN GLOBAL MANUFACTURING PMI

S O UR C E: IH S M AR KIT

_______________________________________________________________________Purchasing Managers Index (PMI)

15

33.1

59.3 60.2

58.1

0

10

20

30

40

50

60

70

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

PMI >50 indicates expansion

Source: Institute for Supply Management (ISM)


_______________________________________________________________________US Automotive Market

16


Single-family housing starts continue to be robust.

1,173

858

0

200

400

600

800

1,000

1,200

1,400

1,600

Housing Starts (000’s SAAR)Source: US Census Bureau

Total Single Family

17

_______________________________________________________________________US Housing Market


_____________________________________________________________________

Note: Includes U.S., Canada, Mexico and Government

North American Lift Truck Industry

201215

193

158

98

136

166179

197

214226 231

253

0

50

100

150

200

250

300

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Tho

usa

nd

s

Historic Retail Orders

19


_______________________________________________________________________

Source: Industrial Truck Association, US Factory Shipments


20

YEARELECTRIC RIDER

(Classes 1 & 2)

MOTORIZED HAND

(Class 3)

INTERNAL COMBUSTION ENGINE

(Classes 4 & 5)

1995 44,087 37,746 72,685

1996 42,263 35,375 60,287

1997 42,675 38,538 64,946

1998 48,923 40,428 80,554

1999 49,843 41,899 74,994

2000 56,090 49,121 85,993

2001 45,980 37,210 61,507

2002 39,235 36,445 55,928

2003 40,463 36,659 63,365

2004 46,886 44,308 74,228

2005 50,604 46,206 83,725

2006 53,806 50,950 85,038

2007 50,260 48,615 76,664

2008 45,361 43,716 62,104

2009 28,409 28,635 28,740

2010 31,759 36, 637 36,896

2011 44,720 42,213 58,483

2012 49,126 47,339 56,618

2013 52,834 52,766 66,473

2014 57,543 52,396 75,040

2015 65,042 57,329 76,075

2016 70,242 65,764 71,455

2017 71.547 63,412 77,043


_______________________________________________________________________

3.1%3.0% 1.3% 1.0% 0.5% 0.4% 0.5%

14.3% 12.0% 12.3% 11.0% 10.5% 9.5% 11.5%

82.6% 85.0% 86.5% 88.0% 89.0% 90.1%88.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

2012 2013 2014 2015 2016 2017 2018 - July YTD

Factory Orders By Engine Type – Class 4 & 5 Combined

Gasoline Diesel LPG

21



LPG

Diesel

Gas


_______________________________________________________________________

22

IC vs. Electric Trend


Electric

IC

52%58%

66% 66%

64%

48%42%

34% 34%

36%

0%

10%

20%

30%

40%

50%

60%

70%1

99

21

99

31

99

41

99

51

99

61

99

71

99

81

99

92

00

02

00

12

00

22

00

32

00

42

00

52

00

62

00

72

00

82

00

92

01

02

01

12

01

22

01

32

01

42

01

52

01

62

01

7

EL IC

Re

cess

ion

Re

cess

ion


_______________________________________________________________________

Warehouse vs. Counterbalance Trend


CB

WH

36%41%

46% 45%

64%59%

54% 55%

0%

10%

20%

30%

40%

50%

60%

70%1

99

21

99

31

99

41

99

51

99

61

99

71

99

81

99

92

00

02

00

12

00

22

00

32

00

42

00

52

00

62

00

72

00

82

00

92

01

02

01

12

01

22

01

32

01

42

01

52

01

62

01

7

WH CB

Re

cess

ion

Re

cess

ion

23


_______________________________________________________________________

19.3 17

21

17.7

22.6 22.3

16.6

21.5 20.3 22 21.6

31.3

21.120.7

26.4

23.3 24.3

18.618.3

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Retail Orders Monthly vs. Prior Year(thousands) 2017 2018

24




_______________________________________________________________________



201215

193

158

98

136

166179

197

214226 231

253

269

0

50

100

150

200

250

300

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F

Tho

usa

nd

s

Retail Orders ForecastFGuesstimate

25


_______________________________________________________________________ITA Priorities

• International cooperation on:

• Standards development

• Statistical information

• Free/Fair trade

• Engineering practices: advance development of engineering

practices that promote safety of the products of our members

• Statistical information: collection and dissemination of statistical

information relating to the industrial truck marketplace

• Industry communications & networking

• OSHA Compliance Officer Training


26

_____________________________________________________________________National Forklift Safety Day

• Spotlight the safe use of powered industrial trucks

• Educate customers, policy makers, administration,

etc. on forklift best safety practices

• National Forklift Safety Day – June 12, 2018

_____________________________________________________________________National Forklift Safety Day 2018

28

_____________________________________________________________________Media Results = +90 Million

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_____________________________________________________________________

China Industrial Truck Association (CITA) Federation Europeenne

de la Manutention (FEM IT)

Japan Industrial Vehicles Association (JIVA) Industrial Truck Association (ITA)

31

_____________________________________________________________________

THANK YOU


32

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http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRxqFQoTCO_x7Lf798cCFYImPgoduygGgw&url=http://www.crwflags.com/fotw/flags/eu-eun.html&psig=AFQjCNHuZr5mhiwTvJxooJ-fUd6OaeEa0g&ust=1442369547631911

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alliance of industrial truck organizations pf_ita.pdf · 2018-11-22 · source: industrial truck...

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