The Material Handling Blog

With proper service and maintenance, a high-quality forklift truck can put in years of service, even in a busy materials handling operation. And depending on the unique requirements of your operation, an older used machine could potentially do the job just as well as a brand new truck.

However, it can sometimes make sense to upgrade to a newer model. Manufacturers release new trucks and upgraded versions of existing models on a regular basis, and the improvements in these updated models could potentially make a big difference to your operation.

So, it's finally here - on 1st January, IFRS 16 Leases came into effect in Europe and beyond. However, in the materials handling industry, where forklift leasing is common, there's still some uncertainty about what the new regulations mean, and how financial reporting will change.

When procuring new forklift trucks, it may be tempting to go for the machine with the lowest purchase price.

However, trying to get the most for your money based on this single cost is the wrong approach. The truck's sticker price is one thing, but a much bigger share of the costs that will come with your forklift during the time you own it come after the purchase, during its operation.