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______________________________________________________________________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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________US Economic Overview
4
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________US Gross Domestic Product (GDP)
5
4.1%
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
2.2%
_______________________________________________________________________US Personal Consumption Expenditures
6
4.0%
0.5%
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________Monetary Policy
9
1.91%
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________Durable Goods Orders
10
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_____________________________________________________________________Transportation Equipment
• New orders for transportation equipment increased 2.2% during June to $87.7 billion
11
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________US International Trade
12
US international trade balance in June 2018 was -$46.3 billion.
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________Global PMI
14
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
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)
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________US Automotive Market
16
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
18
_____________________________________________________________________
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________
Source: Industrial Truck Association, US Factory Shipments
North American Lift Truck Industry
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________
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
Note: Includes U.S., Canada, Mexico and Government
North American Lift Truck Industry
LPG
Diesel
Gas
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________
22
IC vs. Electric Trend
North American Lift Truck Industry
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________
Warehouse vs. Counterbalance Trend
North American Lift Truck Industry
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________
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
Note: Includes U.S., Canada, Mexico and Government
North American Lift Truck Industry
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________
Note: Includes U.S., Canada, Mexico and Government
North American Lift Truck Industry
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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
_______________________________________________________________________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
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
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
29
_____________________________________________________________________Media Results = +90 Million
_____________________________________________________________________
China Industrial Truck Association (CITA) Federation Europeenne
de la Manutention (FEM IT)
Japan Industrial Vehicles Association (JIVA) Industrial Truck Association (ITA)
31
_____________________________________________________________________
THANK YOU
______________________________________________________________________Industrial Truck Association Antwerp, Belgium 2018
32
_____________________________________________________________________
33