Subscribe

Author: Keith McKinley

Manhattan Associates Reports Full Year Results

Posted on by Keith McKinley

Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. reported revenue of $255.8 million for the fourth quarter ended December 31, 2024. GAAP diluted earnings per share for Q4 2024 was $0.77 compared to $0.78 in Q4 2023. Non-GAAP adjusted diluted earnings per share forQ4 2024 was $1.17 compared to $1.03 in Q4 2023.

“Manhattan ended the year strong, posting record bookings that exceeded our expectations,” said Manhattan Associates president and CEO Eddie Capel. “In 2024, we surpassed the one billion in total revenue milestone and extended our position as the leading innovator in supply chain and omnichannel retail end-markets.

We enter 2025 excited about our growing market opportunity and are executing well on our business strategy. While we remain appropriately cautious on the turbulent macro environment, our business momentum is solid, and our team is devoted to our customers’ success,” Capel concluded.

FOURTH QUARTER 2024 FINANCIAL SUMMARY:

• Consolidated total revenue was $255.8 million for Q4 2024, compared to $238.3 million for Q4 2023.
o Cloud subscription revenue was $90.3 million for Q4 2024, compared to $71.4 million for Q4 2023.
o License revenue was $5.5 million for Q4 2024, compared to $5.2 million for Q4 2023.
o Services revenue was $119.5 million for Q4 2024, compared to $119.1 million for Q4 2023.
• GAAP diluted earnings per share was $0.77 for Q4 2024, compared to $0.78 for Q4 2023.
• Adjusted diluted earnings per share, a non-GAAP measure, was $1.17 for Q4 2024, compared to $1.03 for Q4 2023.
• GAAP operating income was $60.7 million for Q4 2024, compared to $58.9 million for Q4 2023.
• Adjusted operating income, a non-GAAP measure, was $90.3 million for Q4 2024, compared to $76.8 million for Q4 2023.
• • Cash flow from operations was $104.7 million for Q4 2024, compared to $88.4 million for Q4 2023. Days Sales Outstanding was 74 days at December 31, 2024, compared to 69 days at September 30, 2024.
• Cash totalled $266.2 million at December 31, 2024, compared to $215.0 million at September 30, 2024.
• During the three months ended December 31, 2024, the Company repurchased 155,444 shares of Manhattan Associates common stock under the share repurchase programme authorised by our Board of Directors for a total investment of $43.5 million. In January 2025, our Board of Directors raised the Company’s share repurchase authority to an aggregate of $100.0 million of our common stock.

FULL YEAR 2024 FINANCIAL SUMMARY:

• Consolidated total revenue for the twelve months ended December 31, 2024, was $1,042.4 million, compared to $928.7 million for the twelve months ended December 31, 2023.
o Cloud subscription revenue was $337.2 million for the twelve months ended December 31, 2024, compared to $254.6 million for the twelve months ended December 31, 2023.
o License revenue was $15.1 million for the twelve months ended December 31, 2024, compared to $18.2 million for the twelve months ended December 31, 2023.
o Services revenue was $525.5 million for the twelve months ended December 31, 2024, compared to $487.9 million for the twelve months ended December 31, 2023.
• GAAP diluted earnings per share for the twelve months ended December 31, 2024, was $3.51, compared to $2.82 for the twelve months ended December 31, 2023.
• Adjusted diluted earnings per share, a non-GAAP measure, was $4.72 for the twelve months ended December 31, 2024, compared to $3.74 for the twelve months ended December 31, 2023.
• GAAP operating income was $261.6 million for the twelve months ended December 31, 2024, compared to $209.9 million for the twelve months ended December 31, 2023.
• Adjusted operating income, a non-GAAP measure, was $361.8 million for the twelve months ended December 31, 2024, compared to $281.5 million for the twelve months ended December 31, 2023.
• Cash flow from operations was $295.0 million for the twelve months ended December 31, 2024, compared to $246.2 million for the twelve months ended December 31, 2023.
• During the twelve months ended December 31, 2024, the Company repurchased 986,555 shares of Manhattan Associates common stock under the share repurchase programme authorised by our Board of Directors, for a total investment of $241.6 million. In January 2025, our Board of Directors raised the Company’s share repurchase authority to an aggregate of $100.0 million of our common stock.

similar news

Manhattan Associates Reports Record Results

 

Continued Risk to Inland Waterway Freight Operations

Posted on by Keith McKinley

There are alarming warning signs says international freight and cargo handling insurer TT Club, that severe climatic events are already impacting inland waterway operations; these impacts are widely forecast to get worse in the future.

2024 was the hottest year on record globally. Reinsurer Swiss Re reported natural catastrophe losses exceeding US$100 billion for the fifth year in succession and with thirty-seven events recording losses over US$1 billion the prior year as reported by the Financial Times, from extreme weather. Estimates forecast that insured losses could double within the next ten years.

In 2024 European waterways continued to experience significant disruption to cargo transport. In June the Rhine suffered from extreme weather conditions with torrential rain leading to severe flooding in southern Germany. Cargo handling was interrupted to/from Switzerland and caused substantial delays in inland traffic between the Lower and Upper Rhine.

Conversely, increased droughts have led to record low water levels on major rivers with some vessels carrying only 25% of their usual load to avoid running aground and causing delays. Shipping lines have had to switch cargo from river to rail to maintain connections between industrial regions and the ports.

“Climate change effects on river navigation are significant as it is highly sensitive to changes in weather patterns and long-term climate trends,” says Neil Dalus from TT’s Loss Prevention Department. “This challenge highlights the vulnerability of Europe’s inland waterway transport system, emphasizing the need for infrastructure improvements, planning for risk mitigation and workforce training to ensure operational resilience.”

TT’s historical data points to an continuing rise in claims from weather-related losses over the last ten years. These result from numerous types of damage from navigational and berthing accidents to collapse of cranes and port equipment collisions to container stacks blowing over, and of course flood damage to buildings and infrastructure.

Uninsured and consequential losses can also be costly reports Dalus, “As a result of operational delays reputational damage can occur. Emergency supplies and additional labour costs can accrue and increased maintenance, training and management downtime have to be factored in.”

TT is determined to emphasise the need for a focus on climate change resilience measures; to sharpen detailed awareness of such risks that, with undeniable global warming are clearly set to increase. Additionally as a mutual insurer TT will work in assisting inland waterway operators to devise loss prevention strategies to help minimise the future costly consequences of weather-related incidents.

similar news

Double-digit Growth for Cargo on Inland Waterways

 

Supply Chain Leaders See Technology as Key to Growth

Posted on by Keith McKinley

Descartes Systems Group released findings from its study, ‘What Companies are Doing to Tackle Escalating Global Supply Chain Challenges’. The study shows that 74% of the supply chain and logistics leaders surveyed view technology as fundamental or highly important to their organization’s growth strategy in the face of rising global trade challenges, such as tariffs and trade barriers, supply chain disruptions and geopolitical instability. This number jumps to 88% for companies expecting greater than 15% growth over the next two years. In addition, 59% consider technology as extremely or very important to provide a competitive advantage in international trade.

When considering what technology capabilities are expected to help companies involved in international trade enable business growth and gain a competitive advantage, 36% cited global trade intelligence as the top capability required to deliver the greatest value in the next two years. This was followed by global trade analytics at 27% and by supply chain mapping at 26%.

Results also showed that respondents across all industries agreed that global trade intelligence was the top technology capability expected to deliver the greatest value over the next two years, including, for example, in manufacturing (40%), wholesale and distribution (44%), finance and insurance (38%), and retail (30%) sectors.

Tariffs and Trade Barriers

“For companies in diverse industries, global trade has become much more complex, with many new challenges to traditional business operations,” said Jackson Wood (pictured), Director, Industry Strategy at Descartes. “As businesses contend with tariffs and trade barriers, geopolitical instability, supply chain disruptions and compliance requirements, technology tools can help them build greater agility and resilience into their supply chains to compete more effectively.”

Descartes and SAPIO Research surveyed 978 supply chain intelligence leaders in key trading nations across Europe, North and South America, and Asia-Pacific. The goal was to understand the strategies, tactics and technologies used by companies involved in international trade to help gain a competitive advantage and ensure continued business growth, and to identify if these varied by factors such as country, industry, company size and business growth. Respondents are members of company leadership teams, from management level to Chief Executive Officer or Owner. To learn more, read the study What Companies are Doing to Tackle Escalating Global Supply Chain Challenges.

similar news

Research Indicates AI Revolution has Arrived in Transport Ops

 

Asyad Shipping Company to Float on Muscat Stock Exchange

Posted on by Keith McKinley

Asyad Group SAOC, a global integrated logistics provider, today announces its intention to offer at least 20% of the issued share capital in Asyad Shipping Company SAOG  through an Initial Public Offering and to list its ordinary shares for trading on the Muscat Stock Exchange.

The Offering comes as part of Asyad Group’s vision to drive its operational growth, diversify its business portfolio, and achieve sustainability and long-term growth. Since its inception through the end of 2023, Asyad Group has consistently delivered a strong and sustainable financial performance, achieving a compound annual growth rate (CAGR) of 21% in revenue and 73% in net profit. This growth has been underpinned by the Group’s expansion into over 90 geographical markets, including into major global economies such as China, India, the United States, and the GCC.

Asyad Group’s success is anchored in its competitive strategy to address global market needs with integrated logistics solutions. This has been made possible by the efforts of a dedicated team of more than 10,000 members who have propelled exceptional growth in the Group’s commercial and operational performance. By combining innovation, expertise, and a customer-centric approach, Asyad Group has established itself as a global leader in the logistics sector.

Established in 2003, Asyad Shipping is one of the world’s largest providers of diverse shipping and maritime solutions. It is competitively positioned to meet the needs of high-growth markets such as Asia, the Middle East, North Africa, Europe and the Americas. ASC operates 89 multi-purpose vessels reaching over 60 countries, linking Omani and global ports, and providing reliable and competitive shipping solutions to all major industrial sectors. It is also distinguished by its long-standing strategic and commercial partnerships with many major international clients.

Wholly owned by Asyad Group, Asyad Shipping leverages the Group’s advanced infrastructure and shared resources to provide comprehensive solutions to customers around the world. Additionally, its integration within Asyad Group’s major ports, economic and free zones supports the efficient handling, exporting and importing of cargo and containers with reduced waiting times at ports, and thus maximizes its competitiveness and sustainable business growth across major markets.

Sohar International Bank has been appointed as the issue manager. Oman Investment Bank, Sohar International Bank, EFG Hermes, Jefferies and JP Morgan, have been appointed as joint global coordinators. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners.

Key details of the offering

Asyad Group SAOC owns 100% of Asyad Shipping prior to the Offering. The Selling Shareholder expects to offer at least 20% of the total issued share capital of Asyad Shipping, with the Selling Shareholder retaining the right to amend the size of the Offering at any time at their sole discretion in line with the applicable laws and the approval of the FSA.

The Offering will be offered in two tranches to eligible and qualified institutional investors in Oman and other institutional investors in a number of countries and retail investors in Oman. It will be conducted in the manner approved by the FSA and will be carried out concurrently.

Asyad Shipping Company offers a comprehensive range of maritime shipping solutions across five key business segments: Container Ships, Product Tankers, Dry Bulk Carriers, Crude Tankers, and Gas Carriers. The Liner Shipping segment, operated through its subsidiary Asyad Line Co., connects Omani ports to strategic markets in the GCC, China, and Southeast Asia, while also providing value-added services such as storage, transportation, and customs clearance. Additionally, ASC transports crude oil, liquid cargoes like refined petroleum and chemicals, and handles both raw materials and finished goods under long-term contracts in the metallurgical sector.

Asyad Shipping also plays a pivotal role in global LNG and LPG transportation and is poised for growth with plans to expand its fleet by adding two eco-friendly LNG carriers, reinforcing its commitment to sustainability and innovation.

With one of the largest globally diversified fleets, ASC is competitively positioned to supply high-growth markets, such as Asia, the Middle East and North Africa through its fleet of 89 vessels, with a total aggregate capacity of more than 9.5 million DWT as of 30 September 2024.

similar news

Asyad Acquires Skybridge Freight Solutions

 

Significant Orders for Truck-Mounted Forklifts

Posted on by Keith McKinley

Hiab, part of Cargotec, has secured significant Moffett truck-mounted forklift and HIAB loader crane orders in the USA. Two large home improvement segment customers placed Moffett orders with a combined value of EUR 19.5 million. In a separate order, a roofing and building material distributor ordered Moffetts and HIABs for a total value of EUR 5.9 million. The orders were booked in Q4, 2024 with deliveries scheduled to commence in 2025.

Hiab has maintained long-standing partnerships with all three customers, having been an integral part of their US-wide operations as an equipment and service provider for years.

The truck-mounted forklifts units on order are part of the MOFFETT M8 NX Range. With a lifting capacity of up to 3,500 kg, the M8 NX can transfer heavy loads quickly and safely even across challenging terrain, while compact enough to be carried on almost any truck or trailer. The M8 NX is available with a wide range of options and attachments, including 4-way steering for negotiating tight access areas with long loads.

“We are happy to once again deliver on the needs of three of our long-standing partners in the home improvement segment in the US. Moffett has been a preferred product for its versatility and applications in all kinds of different scenarios related to home improvement projects, among others. Our technology integrations, enhanced safety features and improved ergonomic design continue to provide best-in-class options for our customers,” said Bryan Rupert, Business Line Director, Moffett Truck Mounted Forklifts, Hiab USA.

The ordered HIAB loader cranes comprise four models from the heavy range portfolio (30–100Tm) with the majority of the units being HIAB K-HiPro 425. The cranes have the HiPro advanced remote controlled system for optimal precision, performance, safety and full remote control over the toughest jobs in construction and other industries.

“Hiab’s long-standing partnership with all three customers highlights our deep understanding of their needs in the US market. The established relationship provides a strong foundation for future collaboration and growth,” said Pauliina Kunvik, Senior Vice President Sales and Services, North America, Hiab.

similar news

Hiab receives an order for 60 MOFFETT truck-mounted forklifts from the United States

 

Power Pallet Trucks Solve Problems

Posted on by Keith McKinley

Peak periods, like the run-up to Christmas, remind us how easily materials handling operations can come under strain. With demands soaring and pressure mounting, even the most efficient operations can be pushed to their limits, writes Lee Longbottom of Mitsubishi Forklift Trucks.

Relying on hand pallet trucks could be holding your operation back. From legal compliance to workplace injuries, the costs of maintaining the status quo are often far higher than they appear. Power pallet trucks are a practical solution to common warehouse challenges, helping you work faster, safer, and more efficiently.

Let’s look at five key problems they can solve:

Handling heavy loads safely

Moving heavy loads is unavoidable. But relying on a hand pallet truck for the job? That’s a gamble. When shifting loads over medium or long distances they often fall short. Not only is this way slower, but it also increases the chance of damage to goods, racking, trucks… or even your staff.

It’s all too common to see hand pallet trucks pushed beyond their limits. Independent tests reveal that shifting a 2,000 kg load with a hand pallet truck requires an initial force of 49.6 kg — more than double the recommended limit for men and over three times the limit for women. Even keeping that load in motion exceeds guidelines by 53.3%.

It can be especially dangerous when stopping heavy loads, which often requires nearly twice the effort of keeping them in motion — particularly on wet or uneven surfaces.

Pedestrian power pallet trucks are the ideal alternative for shorter distances and confined spaces. They make moving heavy loads effortless with features like electric lift and drive, reducing operator strain and improving efficiency. For heavier or more frequent loads, platform power pallet trucks add a foldable or fixed ride-on platform, allowing operators to cover longer distances comfortably.

For even larger loads, sit-on and stand-in power pallet trucks (like the PREMiA EX range) can manage up to 3 tonnes, offering reliable performance — and braking — even in demanding conditions.

Navigating tight spaces

Warehouses and lorry trailers are notoriously busy, crowded, and often cluttered. Tight spaces can make even simple tasks frustrating. Hand pallet trucks require awkward three-point turns, slowing you down and increasing the risk of accidents.

Power pallet trucks, such as the PREMiA ES series, excel in confined areas. They’re built for agility. Their exceptionally short, compact chassis allows for seamless operation in very narrow aisles, maximising storage density.

Additionally, the market-leading lift height and linked castor wheels ensure stability when operating on ramps, loading docks, and uneven surfaces. Platform power pallet trucks with foldable operator platforms offer the same agility while allowing operators to switch between walk-behind and ride-on modes, adapting to the space available.

Features such as Dynamic Power Steering (found on PREMiA EX) make manoeuvring heavy items smoother and safer, ensuring steady control.

Both PREMiA EX models feature 360-degree steering. That means no more stopping for 3-point turns. By eliminating that pause, operators can pivot around smoothly, saving time with every turn. PREMiA trucks also feature an Intelligent Cornering System that automatically reduces speed during sharp turns.

What does this mean for you? Faster operations, fewer collisions, and better use of valuable storage space.

Staying on the right side of legislation

Operating hand pallet trucks in ways that exceed manual handling limits puts your business at risk of legal penalties. Under the Manual Handling Operations Regulations 1992, employers must minimise risks associated with moving heavy loads. Failing to comply could result in prosecution, unlimited fines, and even imprisonment.

Switching to power pallet trucks helps ensure compliance. By drastically reducing the physical effort required to move loads, you’ll meet health and safety standards, protecting your business from legal and financial repercussions.

Reducing injuries

Using a hand pallet truck significantly raises the likelihood of workplace injuries, including repetitive strain injuries (RSIs) and back problems. These injuries are not just physically painful — they’re costly too. For example, in the Netherlands alone, RSIs cost businesses €2.1 billion annually, including €808 million in lost productivity.

Power pallet trucks dramatically reduce the physical effort needed to move loads, helping to prevent these injuries. Their advanced stability and control features also reduce the chance of accidents, keeping both operators and goods safe. Investing in power pallet trucks means fewer absences and a healthier, more productive workforce.

Future proofing

Material handling requirements are constantly evolving, driven by changes in customer demand, regulations, and technology. Hand pallet trucks are simply not equipped to keep up with these shifting needs.

Powered pallet trucks provide the flexibility and durability to handle a wider variety of load weights and sizes. You’ll be more easily able to adapt to future challenges. With features designed to reduce downtime, prevent injuries, and streamline operations, they’re an investment for the long-term.

Next steps

Powered pallet trucks are more than just a convenience — they’re a smarter, safer choice for your business. They reduce risks, improve efficiency, and help you stay ahead in a competitive market.

similar news

New Pallet Truck Bids to Reduce Manual Handling Injuries

 

Electrified Forklifts with Crossover-Technology

Posted on by Keith McKinley

This is the motto under which industrial truck specialist Clark is presenting its new Crossover series for the first time at LogiMAT 2025 in Stuttgart in hall 10, stand 10B78. These are a perfect combination of the proven features of an IC engine-powered forklift truck and environmentally friendly electric drives – without compromising on performance. In addition to the new COP2 order picking truck, other highlights include the new STE/SE three- and four-wheel forklift trucks with load capacities of 1.6 to 2 tonnes, which complement the S-Series Electric with additional models.

The right crossover model for every application

From 11 to 13 March 2025, visitors to the trade fair will be able to take a look at the two new L25-35XE and S25-35XE crossover series with load capacities of 2.5 to 3.5 tonnes for the first time. The crossover electric forklift trucks are the next logical step for Clark in its endeavours to further electrify the counterbalance truck product range and significantly increase performance. To this end, Clark has combined the advantages of electric forklift trucks with the versatility and robustness of traditional IC engine-powered forklift trucks, setting new standards in material handling.

The Crossover series has proven itself especially in demanding environments and intensive applications. This proves that electric forklift trucks can also cope with intensive use and can therefore replace combustion engines. With their advanced lithium-ion battery technology, the Crossover electric forklift trucks achieve long operating times with short charging times. This significantly increases efficiency in warehouses and production facilities. Another special feature: Clark is launching the new Crossover series with a product name for the first time in a long time. For example, the L25-35XE is being marketed under the name ‘Raider’ and the S25-35XE under the name ‘Renegade’.

The Raider series (L25-35XE) opens the door to the crossover segment. It offers operators an environmentally friendly, solid and reliable alternative to forklift trucks with combustion engines. With excellent all-round visibility, predictable handling and proven Clark masts, the Raider range is cost effective and built to last.

The Renegade range (S25-35XE) is designed for operators who want the benefits of the Clark S-Series – Smart. Strong. Safe. – not want to do without. Built on the proven chassis of the S-Series IC engine-powered forklifts, the models, like the S-Series Electric, have extensive features and set new standards in terms of efficiency, safety and comfort. These powerful and very quiet electric forklift trucks combine modern technology with an emission-free, environmentally friendly and extremely effective drive. Like all S-Series Electric trucks, they are equipped with an impressive range of safety functions and customisable options, offering maximum flexibility for a wide variety of applications.

‘We are delighted to launch the Raider and Renegade crossover electric forklift truck ranges, which not only significantly increase efficiency, but also ensure environmentally friendly and sustainable material flow,’ explains Thomas Bach, R&D Director at Clark Europe. ‘The Raider and Renegade crossover electric forklift trucks are the perfect solution for companies that want to remain competitive in an ever-changing logistics world.’

STE/SE three- and four-wheel electric forklifts for the highest demands

Another highlight at the Clark stand will be the 48-volt electric three- and four-wheel forklifts from the STE16-20 and SE16-20 series with a load capacity of 1.6 to 2.0 tonnes. These are available with lead-acid or lithium-ion batteries and, like their 80-volt counterparts, are part of the S-Series Electric. Here, too, the operator has the option of changing the vehicle’s energy source without any major additional effort (plug & play) if the application requirements change. Only the software needs to be adapted accordingly. The vehicles can therefore be operated with both the classic lead-acid battery and the Clark lithium-ion battery. With this smart battery solution, the electric forklift trucks can be adapted to almost any application scenario.

With the new environmentally friendly Clark electric forklift truck series, which are designed for a wide range of applications, Clark fulfils the desire of many operators to make their intralogistics more sustainable and climate-neutral. With numerous ergonomic improvements and modern safety functions, they ensure maximum efficiency with a low total cost of ownership.

New order picker for the second shelf level

Clark is also presenting sustainable product innovations in the warehouse technology sector: For example, Clark is presenting a new order picker with Li-Ion technology. With a maximum lifting height of 6.30 metres, the COP2 is designed for order picking tasks on the second shelf level. The compact vertical order picker is equipped with a driver’s platform that can be raised to 4.80 m and self-supporting forks, so that the operator can pick directly onto the pallet with the platform raised. The COP2 has been designed to be extremely stable so that it remains stable even at maximum lifting height.

similar news

Clark Debuts ‘Smart, Strong and Safe’ IC Forklift

 

New Forklifts and Warehouse Equipment at LogiMAT

Posted on by Keith McKinley

Bobcat will be presenting two major new developments at LogiMAT 2025 as part of a comprehensive display of the company’s material handling product lines, including diesel and electric forklifts, reach trucks and warehouse equipment such as pallet trucks and stackers.

Bobcat will be showing two new developments in the range including:

• New Class 3 warehouse equipment range
• New series of Li-ION 3-wheel counterbalance forklifts

New Class 3 Warehouse Equipment

At LogiMAT 2025, Bobcat is adding to its warehouse equipment portfolio with three new product series. In addition, the company’s current LSM12N-7 and BSL12/16N-7 stackers are now available in initial lift versions. The new warehouse products will also be available with Li-ION batteries from production.

New warehouse product series:

• BPM16/20N-7: pedestrian powered pallet trucks: 1.6 & 2 t capacity
• BPR20/25N-7: powered pallet trucks with platform: 2 & 2.5 t capacity
• BSR12/16N-7: powered platform stacker trucks: 1.2 & 1.6 t capacity
• BSR16N-7i: powered platform stacker truck with initial lift: 1.6 t capacity

The new BPM16/20N-7 pallet trucks are the perfect match for all kinds of applications in and around SMEs, manufacturing and warehousing. The long tiller arm provides optimal, highly ergonomic operation. It requires less effort, and the operator maintains an optimal distance from the truck. Top-quality components, robust construction, a travel speed up to 6 km/h, and simplified maintenance make the pallet trucks in this series reliable partners for every task.

Bobcat BPR20.25N-7 powered pallet trucks with platform

The BPR20/25N-7 platform pallet trucks features a travel speed of up to 8 km/h, ensuring the trucks are built for optimal horizontal transportation over extended distances. Equipped with Electric Power Steering (EPS), these trucks offer ergonomic and safe operation. The suspension flip-down platform minimizes body vibrations, and the sideways protective arms provide additional stability and protect the operator during turns. In walking operation mode, the platform and arms are folded compactly within the truck’s outline, conserving space.

The 1.2 and 1.6 t capacity BSR12/16N-7 platform stacker trucks are designed for high efficiency, excelling in storage and picking operations involving heavy weights. The ergonomic, suspension flip-down platform – paired with protective arms – greatly enhances operational efficiency. These trucks are capable of reaching lift heights up to 5.5 m and they are also perfect for tasks over extended distances.

Thanks to the robust 8 mm metal skirt, strong chassis, durable mast and metal battery cover – along with premium components from leading suppliers – these models lower service costs and ensure constant readiness for professional use. The EPS system, coupled with the proportional lifting function, enables smooth and effortless stacking operations.

Bobcat’s first Li-ION 3-wheel forklifts

The company is introducing the BNT series, Bobcat’s first Li-ION 3-wheel forklifts, designed for light to medium-duty applications. These models — the B16NT, B18NT and B20NT — offer a cost-effective, eco-friendly solution tailored to the growing CL1 market. The new range extends Bobcat’s electric counterbalanced line-up.

Manoeuvrability is the key aspect in the design of these forklifts, making them ideal for use in tight environments. Despite their compact size, these forklifts boast an ergonomic design that ensures large leg room and exceptional operating comfort for the operator. Setting a new standard in confined space material handling, these forklifts provide a smooth ride and high stability in every job.

3 different load capacity models are available:

• B16NT – 1.6 t load capacity at 500 mm
• B18NT – 1.8 t load capacity at 500 mm
• B20NT – 2.0 t load capacity at 500 mm

Key Highlights

• Dual Drive: equipped with 4.5 kW dual-drive motors to boost productivity
• Maintenance-free 51.2V 300 Ah Li-ION (LFP) battery and 150A charger (380V)
• Electric parking brake: ease of use and increased safety levels
• Comfortable dimensions: designed for compact environments, while still offering comfortable spacious dimensions for the operator

similar news

Forklift Trucks Hanging Tough

 

Rich Analytics Tool to Optimize Fulfillment Performance

Posted on by Keith McKinley

Manhattan Associates (NASDAQ: MANH), a global leader in supply chain commerce, today announced the availability of Postgame Spotlight, a capability brought to life through a real-time dashboard, that highlights inventory allocation and placement decisions that limit order fulfillment performance. The solution provides real-time scenario analytics and actionable recommendations that can be shared with inventory planners to eliminate inventory deployment mistakes and reduce order fulfillment costs.

Recent advancements in online commerce and the introduction of new omnichannel fulfillment options are straining traditional supply chains. Modern order management systems strive to overcome the additional complexity and optimize order fulfillment with advanced sourcing logic, but physical constraints, such as poor initial inventory placement, often result in suboptimal routing choices and increased fulfillment costs.

Part of Manhattan Active® Order Management, Postgame Spotlight works by calculating the percentage of orders fulfilled from the best locations and identifies the factors that forced the system to divert orders to alternate locations. The solution examines the factors that negatively influence fulfillment efficacy — including the placement and levels of the required inventory, store resource capacity, and discrepancies in store service levels – to uncover improvement opportunities.

“Postgame Spotlight is a great companion to the Fulfillment Insights capability Manhattan introduced last year. While Fulfilment Insights helps retailers compare their performance to their peers, Postgame Spotlight helps look inward to quickly pinpoint opportunities to enhance inventory performance and profitability,” said Amy Tennent, senior director of Product Management for Manhattan.

similar news

Fulfillment Experience Insights Dashboard

 

AustralianSuper Invests in European Industrial & Logistics Portfolio

Posted on by Keith McKinley

AustralianSuper, Australia’s largest superannuation fund, and Oxford Properties Group (“Oxford”), a global real estate investor, developer and manager, today announce a new strategic partnership that aims to build a significant industrial and logistics venture across Europe, which will be managed by M7 Real Estate. AustralianSuper has acquired a 50% stake in Oxford’s c. €840 million European industrial and logistics portfolio (the “Portfolio”) and in M7 Real Estate, the market leading European investment and asset management business that was acquired by Oxford in 2021.

The joint venture is the first between AustralianSuper and Oxford and brings together two like-minded global institutional investors managing a combined €270billion of long-term capital on behalf of over four million pension fund members. The partnership will provide further capital to fund the growth of the Portfolio, known as the European Supply Chain Income Partnership (“ESCIP”), with a target of up to €4.5 billion GAV of high-quality ‘last mile’ and mid-box warehouses over the next three to five years.

The Portfolio currently comprises c.730,000 sqm high-quality urban logistics and distribution warehouses across 76 assets. The properties are well located in 19 of the most strategic urban ‘last mile’ and distribution hubs in the UK, Denmark, France, Germany, the Netherlands and Spain. With a diversified base of more than 200 tenants, the Portfolio is well-positioned to capitalise on increased occupier demand and rental growth throughout western Europe.

M7 Real Estate, as investment and asset manager, will be tasked to source and execute on new opportunities for the strategy targeting income-led exposure across the pan-European supply chain, with a continued focus on both smaller, multi-tenanted, core+ or value-add assets located near large cities and population centres, alongside a core+ mid-box strategy seeking investments into larger distribution and warehouse assets in key logistics corridors, throughout the six target markets of the venture.

The assets have strong environmental credentials and are focussed in submarkets that are characterised by acute supply demand tension, with 53% weighting to urban assets by estimated rental value (“ERV”). In the UK these include London and the South-East (19% of total ERV) and the Midlands (14%), as well as Paris (15%), Copenhagen (11%) and Barcelona (8.2%) in mainland Europe.

The Portfolio is c. 90% occupied and delivers a highly diverse and defensive income stream secured against 214 tenants, across a range of business types and geographies. No single tenant represents more than 5% of the total in-place rent.

Paul Clark, Head of European Real Assets at AustralianSuper, commented: “We believe urban logistics and distribution represents one the most compelling sector opportunities in European real estate today, and have been tracking the sector for several years to find the right portfolio that meets our ambitions, with strong fundamentals and significant growth potential. We are delighted to partner with the Oxford and M7 teams, investors with proven track records operating and growing high-quality logistics portfolios, to scale the ESCIP platform together using our collective expertise, generating long-term performance for members.”


Joanne McNamara (pictured above), Executive Vice President, Head of Europe at Oxford Properties, commented: “This strategic partnership with AustralianSuper brings a significant and, importantly, a like-minded capital partner alongside us into both the M7 portfolio and the M7 Real Estate platform. This creates full alignment between all three parties from day one, while providing fresh capital from both partners to grow the platform as we enter into a new real estate cycle. We believe there are exciting prospects in this high conviction strategy, a major pillar of Oxford’s capital deployment ambitions in the region for 2025, with a compelling pipeline of investment opportunities which we expect to announce in short order.”

David Ebbrell, CEO of M7 Real Estate, commented: “Since its foundation M7 Real Estate has been a go-to partner for some of the world’s largest and most respected real estate investors wishing to access the European multi let and urban logistics sector. Having been acquired by Oxford Properties in 2021 and enjoyed a very successful partnership over the past four years, we are very excited at the prospect of now working alongside AustralianSuper as well. Not only is AustralianSuper’s investment into our business another huge endorsement of M7 Real Estate’s team, its expertise and long track record of creating value, the support of Australia’s largest superannuation fund also brings with it a commitment to invest significantly through our platform alongside Oxford Properties into the European industrial and logistics sector over the next few years, helping us achieve our own ambitions for growth.”

AustralianSuper’s global real assets portfolio totals c. €35 billion, including more than €6 billion invested in Europe. The Fund’s property portfolio includes the King’s Cross Estate and the Canada Water regeneration projects in London. Within industrials, the Fund has invested in Moorebank Logistics Park, Australia’s largest intermodal logistics facility, the Craigieburn Logistics Estate housing a new Amazon Robotics Fulfilment Centre in Australia, and the Wiri Logistics Estate in New Zealand.

M7 Real Estate is an award-winning pan-European investor and asset manager, with a European network spanning 10 offices and an on-the-ground presence of 170 team members across nine countries. Led by CEO David Ebbrell, M7 Real Estate has 4.1 million sqm and c. €5.5 billion of assets under management and specialises in the mid-box, multi-let and urban logistics sectors. It has a strong track record of creating value by aggregating assets into institutional sized portfolios and via intensive asset management, leveraging its experienced team and market leading data and information management systems.

The transaction is expected to complete at the end of Q1 of 2025 and is conditional, amongst other things, on customary regulatory approvals.

similar news

Logistics Property a Major Contribution to UK economy, Report Reveals

 

Subscribe

Get notified about New Episodes of our Podcast, New Magazine Issues and stay updated with our Weekly Newsletter.