MHI and Oxford Economics release new insights into the material handling sector’s $266 billion GDP impact and its growing role in the national supply chainMHI, in collaboration with Oxford Economics, has released an updated “Handling the US Economy: The Economic Impact of the Material Handling Industry” report. This in-depth analysis explores how the material handling sector contributes to the broader U.S. economy and supports the supply chain infrastructure.The report reveals that the industry’s economic impact reaches far beyond the facilities where equipment and technologies are manufactured or designed. Its influence spans multiple sectors, driving job creation, tax revenue, and GDP growth.In 2018, when MHI and Oxford Economics produced the first ever analysis report, it was reported that the economic contribution of the U.S. material handling industry amounted to more than $173.2 billion in GDP. In 2024, the material handling industry has seen significant growth and now contributes $266 billion to the US GDP, supports more than 1.9 million jobs, and generates $58.3 billion in tax revenues. The GDP multiplier for the industry is 3.6. This means that for every $100 directly contributed by the industry, an additional $260 is generated elsewhere in the US economy. The jobs multiplier is 3.7, which indicates that for every 10 jobs directly created by the material handling industry, an additional 27 jobs are supported throughout the broader US economy.The report also highlights notable employment growth within the industry. In 2024, the industry directly employed 502,000 workers—an increase from 402,000 in 2018. Of those, manufacturers represented the largest share at 84% (422,000 employees), followed by dealers at 8.3% (approximately 42,000 employees), and service providers at 7.8% (around 39,000 employees).“This report highlights the essential role the material handling industry plays in driving economic growth. Beyond providing the equipment and technology that moves and delivers goods, the industry provides valuable support services—including consulting, leasing, and design—that enhance efficiency and generate added value throughout the supply chain and the broader economy,” said John Paxton, Chief Executive Officer of MHI. “The insights in this report will help to support your businesses decisions moving forward.”To download the report, please visit mhi.org/handling-the-us-economy-the-economic-impact-of-the-material-handling-industry.About MHIMHI is an international trade association that has represented the material handling, logistics and supply chain industry since 1945. MHI’s over 1,000 members include material handling and logistics equipment and systems manufacturers, integrators, consultants, workforce solution providers, publishers and third-party logistics providers. MHI offers education, networking and solution sourcing for their members, the members’ customers, and the industry as a whole through programming and events. The association produces the ProMat and MODEX expositions that showcase the products and services of its member companies and to educate manufacturing and supply chain professionals. The Warehousing Education and Research Council (WERC) is a division of MHI and provides education and research to the warehousing, distribution, and logistics community.

Norton, KS – May 24, 2024 – New Age Industrial a leading designer and manufacturer of aluminum storage and transport, has announced the retirement of Bob Brackle, National Sales Manager for the Material Handling Division, effective May 25, 2024.Bob has dedicated 15 years and 5 months of service to New Age Industrial, playing a pivotal role in the growth and success of the Material Handling Division. His passion, dedication, and industry expertise have been instrumental in forging strong customer relationships and exceeding sales targets for the company's innovative aluminum material handling equipment.Under Bob’s leadership, the Material Handling Division significantly increased sales. During this time, we successfully introduced and promoted New Age Industrial's innovative line of aluminum equipment, revolutionizing how to boost efficiency, optimize workflow, and streamline operations in warehouses, distribution centers, and other material handling facilities."Bob Brackle is one of a kind,” said Tom Sharp, Vice President at New Age Industrial. "His larger-than-life presence and unwavering dedication to building relationships have made him a legend at trade shows. We'll miss his ability to captivate a room and generate excitement for New Age Industrial." He continued, "We are incredibly grateful for his contributions and the lasting impact he has made on New Age Industrial and the entire industry. We wish Bob all the best in his well-deserved retirement."AboutNew Age Industrial is a leading innovator in the design and manufacturing of lightweight aluminum storage and transport solutions for the foodservice, material handling, and supermarket industries. The company's commitment to quality and efficiency results in products renowned for their durability, space-saving design, and ease of maneuverability. New Age Industrial's aluminum carts, shelving units, and other storage solutions are specifically designed to optimize workflows and boost efficiency for businesses of all sizes. With exceptional customer service and a focus on building long-term partnerships, New Age Industrial is a trusted partner for businesses across North America.ContactMegan KeiswetterMarketing Managermegan.keiswetter@newageindustrial.com800-255-0104