Posted: June 7, 2018 Filed under: Fleet Management, Uncategorized | Tags: akron, canton, forklift, forklift fleet management, Material Handling, warehouse, youngstown
Global Equipment Monitoring, GEM One Corp in the USA provide unique forklift fleet monitoring leveraging cloud computing technology that collects, aggregates, and presents equipment and driver data from any type of equipment. The added benefits of driver access control and LCD display significantly increases site safety and compliance. The benefits are improved productivity and up-time, more effective servicing of industrial equipment, and improved equipment analysis. Available in Youngstown, Akron, Canton Ohio and Western Pennsylvania at Valley Industrial Trucks. Download our brochure to learn more. Visit our website to learn more about Valley Industrial Trucks.
Posted: January 11, 2018 Filed under: Materials Handling, News, Regulatory | Tags: akron, canton, forklift, Material Handling, new forklift, section 179, Taxes, youngstown
With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.
Further, the bonus depreciation is 100% and is made retroactive to 9/27/2017 and good through 2022. The bonus depreciation also now includes used equipment.
See the fully updated 2018 Section 179 Calculator to see how this tax deduction affects your company.
2017 Section 179 Tax Information (Last Year)
The Section 179 deduction is $500,000 for 2017, with a 50% bonus depreciation in place until late September (see 2018 information for change).
Click Here for the fully updated Section 179 Calculator for tax year 2017 (Last Year).
Answers to the Three Most Common Section 179 Questions
How Much Can I Save on My Taxes in 2018?
It depends on the amount of qualifying equipment and software that you purchase and put into use. See the handy Section 179 Calculator that’s fully updated for 2018, and includes any/all increases from any future legislation.
What Sort of Equipment Qualifies in 2018?
Most tangible business equipment qualifies. Click here for qualifying property.
When Do I Have to Do This By?
Section 179 for 2018 expires midnight, 12/31/2018. If you wish to deduct the full price of your equipment from your 2018 taxes and take advantage of the new higher deduction limits, it must be purchased and put into service by then.
Many businesses are finding Section 179 Qualified Financing to be an attractive option in 2018, especially since the expected Federal Discount Rate increases don’t leave much time for action. Please apply today.
More Section 179 Deduction Questions Answered
Welcome to Section179.Org, your definitive resource for all things Section 179. We’ve brought together a large amount of information regarding Section 179, and clearly and honestly discuss the various aspects of IRS §179 in plain language. This will allow you to make the best possible financial decisions for your company.
Section 179 can be extremely profitable to you, so it is to your benefit to learn as much as possible. To begin, you may have a lot of questions regarding Section 179 such as:
Check out our line-up of new forklifts or used forklifts, then contact us at 888-375-0829 for more information or a quote.
Posted: February 18, 2016 Filed under: Fleet Management, Uncategorized | Tags: akron, canton, costs, forklift, lift truck, maintenance, new aerial lift, new forklift, ohio, purchase price, service, Valley Industrial Trucks, youngstown
When you are purchasing a new forklift or aerial lift, you obtain competitive quotes, verify specifications and generate a purchase order. For that matter, just about anything we purchase goes through the same process. However, there is much more to purchasing forklifts and other material handling equipment. We have found, over the years, that often there are variables that can greatly affect the total cost of ownership of anything, be it an automobile, forklift or a giant cargo container.
The price you pay for your piece of equipment, by most accounts, reflects about 10% of the total ownership costs of that piece of equipment. This leaves 90% of your total costs up in the air. Depending on many variables, you could pay much more for the equipment than you needed to, or much less. These variables include:
Performance and Reliability of Equipment – Comparing cost per hour to operate can give you a good idea of what competing pieces of equipment will cost you over their useful life. When comparing cost per hour to operate, you should be sure you’re comparing similar models under similar circumstances. A lift truck operating 1500 hours a year for a light weight product manufacturer will cost far less over its lifetime than the same lift truck operating at a recycling facility. This cost should reflect general maintenance requirements as well as fuel costs.
Fuel Consumption – While this is often a part of performance and cost per hour, knowing the fuel costs for each comparing brand and calculating total costs over the life of the equipment can sometimes be quite an eye-opener. In addition, what are your fuel alternatives? Can you use electric models? Thinking outside the box may result in lower costs to power your forklift and other lift equipment.
Specifications vs. Operations – It is rare that two 5,000-lb-capacity forklifts from competing brands will have similar specifications. Knowing what your facility will accommodate and comparing that with each model will give you insight into how each model will perform, given your operating parameters. Factors include: aisle width vs. turn radius, draw bar pull, suspension and ergonomics compared to your floor condition, indoor/outdoor use and ceiling height/rack height vs. max lift height. You will also want to compare features between brands to ensure that each lift truck model is equipped with the proper components to meet your operational requirements. For example: Can it operate properly inside your ice cream freezer?
Ergonomics – A comfortable and smooth-running piece of equipment will provide you with increased productivity. These are costs hidden in equipment that are quite real in daily operating conditions. How much time and research and development, does each brand put into the comfort and ease of use of their equipment? Happy, comfortable operators are simply more productive.
Safety – Never underestimate the safety features of your equipment. What equipment is being specified and what equipment is optional from each manufacturer is very important to know. Reducing your accident costs or product/facility damage can make a big difference in your total fleet operational expenses.
Useful Life – Finally, how many hours can you expect from each piece of equipment until the cost to operate becomes cost-prohibitive? This can vary widely depending upon brand and model. But having some qualitative and quantitative information on hand, if possible, will help you make a better decision about the total cost of operating each unit/model.
There are many factors beyond price tag or lease rate that can help you make good decisions about the equipment you purchase. Having a partner that listens, evaluates and fulfills your needs is essential in building a fleet that is most productive and less costly in the long run. Contact us at 888-375-0829 to speak to one of our material handling professionals about the right forklift for your operation.
Posted: August 3, 2015 Filed under: News | Tags: akron, canton, diesel forklift, Doosan, forklift, forklift maintenance, forklift service, heavy-duty forklift, new forklift, pneumatic tire forklift, youngstown
When one of our great customers, Mercer Forge needed a BIG, reliable forklift to handle the 10 ton plus steel pipes and bars; then turned to us for a piece of equipment that would do the job, reliably and within their budget. We recommended the Doosan D140S-7. The Doosan D140S-7 heavy-duty forklift is powered by Doosan’s 5.9 liter diesel engine featuring intercooled turbocharging that generates over 158hp.
The cab and seat are heated to provide comfort when working outdoors during our region’s coldest winter months. It also features a stereo with bluetooth connectivity. To retrieve and deposit these big loads, it has 96″ forks, 144″ two-stage mast and sideshifting fork positioners.
When it comes to forklifts that will handle the largest loads, all day, every day, you can count on Doosan and Valley Industrial Trucks to get you the right forklift for the job you need done, and keep it operating at maximum productivity with our planned maintenance programs.
Check out our Doosan Forklift Showroom. When the time comes for a durable and reliable forklift and forklift service company, Contact Us, or give your local Valley Industrial Trucks branch a call. We serve northeastern Ohio and Western Pennsylvania from our convenient Youngstown and Akron facilities.
Posted: March 20, 2015 Filed under: Forklift Safety, Warehouse Safety | Tags: akron, canton, costs, death, employee safety, forklift, injuries, ohio, operator, osha, safety, training, workplace, youngstown
A new report generated by OSHA highlights the real costs associated with on the job injuries, who pays them and how this impacts the employee and taxpayers.
Whether an employee is working on a high-rise building or driving a forklift, employers have the responsibility, and what we feel is an obligation to protect their employees from injury. By investing in training and safety, employers get fewer injuries, lower costs, more productivity and an improved satisfaction which often leads to less turn over. But all companies do not feel that way. Many are finding ways to avoid responsibility for providing safe working conditions for their most dangerous jobs.
The report highlights what some companies do to avoid responsibility and what this does to not only the employee, but his/her family and taxpayers when an accident with injury occurs. Shifting the financial burden however does not make it go away. It shifts it to over-burdened worker’s compensation and government systems. In addition, a worker who is injured can expect to make an average of 15% less income after the injury. And while the creating of OSHA in 1970 by President Nixon has greatly reduced on the job accidents, injuries and deaths dramatically, we still have approximately 4,500 deaths every year due to workplace accidents.
As a full-service forklift dealership, safety is one of our most important topics. Forklifts are dangerous pieces of equipment for the operator and anyone working around the forklift. Forklift Operator Training and Pedestrian Training is not only the law, it is our obligation to those that operate forklifts. While manufacturers work hard to innovate and make them safer, nothing can replace a well trained and cautious operator.
We have posted the Executive Summary of the report on our website and feel it is certainly worth a read. The full report can be found HERE.
Posted: January 6, 2015 Filed under: Fleet Management, Forklift Maintenance, Forklift Safety | Tags: aerial Lift, akron, canton, forklift, forklift service, lift truck, ohio, planned maintenance, preventive maintenance, service, youngstown
Like anything else in life, whether it’s your car, your home or even your body, planning and conducting preventive maintenance creates long-term benefits that are well worth the investment. Why would your forklift and other materials handling equipment be any different?
There are many benefits of properly maintaining your forklift fleet and other equipment. We however have seen five major benefits that our customers have enjoyed. Planned Maintenance will:
Lower Your Maintenance Costs
Proactive and preventive maintenance has proven to lower costs by catching small
service issues before they blossom into giant repair headaches.
Improve Useful Equipment Life
Equipment that serviced regularly doesn’t have to be “turned over” as frequently. This lowers your
equipment costs over time.
Equipment that is well maintained, doesn’t break down. This improves productivity as well as your
bottom line performance.
Increase Residual Values
When you trade-in your equipment, or sell it to purchase new equipment, well maintained equipment
has proven to have higher values than equipment serviced on an “as needed” basis.
Enhance Facility Safety
Equipment failures can have catastrophic consequences. Properly maintaining your
equipment will improve operator safety, as well as those that work around your equipment.
Having the right partner in maintaining your equipment is as important as selecting the right doctor for your physical. Our trained, experienced technicians perform thousands of Planned Maintenance service calls each year. Learn more about Planned Maintenance, then Contact Us or give us a call at 888-375-0829 for a tailored plan for your equipment and operation.
Posted: December 18, 2014 Filed under: Forklift Safety, Warehouse Safety | Tags: akron, canton, compliance, forklift, forklift operator refresher training, lift truck, ohio, operator, osha, safety, training, youngstown
So you’re looking for forklift operators, order pickers or materials handling pros. Your new hire checks off on the application “5 years experience operating a forklift.” Is that sufficient for your operation? If so, you’re wading into dangerous waters unless you have a training plan to ensure that this new employee is has sufficient experience and is trained to operate YOUR type of equipment under YOUR set of operational circumstances.
Section 1910.178 of the OSHA forklift standards regarding refresher training requires that any time new equipment or new a new condition is presented in the workplace, that each forklift operator be trained to operate the new equipment and/or operate with the new condition that been presented. Ensuring that your new hire is familiar with your equipment, your attachments and your operating environment is a very important part of maintaining a high level of safety within your facility. It only takes one under-trained operator to create an unsafe environment for everyone in your facility.
With this in mind, we have developed this Valley Industrial Trucks Forklift Operator Questionnaire to assist you in assessing your new hire’s exposure to lift equipment and the conditions that lift equipment was operated under. If you have very unique conditions in your facility or operate very unique equipment with attachments that require training, we encourage you to develop additions to this form to ensure you’re fully assessing your new hire’s ability to maintain facility safety.
Our goal is to help you maintain the highest level of safety, productivity and efficiency. Well-trained forklift operators have proven time and time again to be the answer to improved operations.
If you need assistance with forklift operator training, visit our Training Page, then Contact Us or give us a call at 888-375-0829.