Posted: February 20, 2018 Filed under: Management, News, Uncategorized | Tags: BYD Forklifts, chicago, electric forklift, Material Handling, new forklift, Warehousing, west chicago
The (Fe) battery out performs other battery technologies currently in use in forklifts. BYD has been revolutionizing the electric battery/charger industry since 1995 and their technology is now available in the US forklift market. Advantages include:
Extremely long life cycle:
The remaining capacity will be more than 70% after 15 years’ operation.
The BYD Fe battery does not emit flammable gases (hydrogen nor oxygen) as the other battery technologies do. As a result, explosions caused by gases are a physical impossibility.
The BYD Fe battery does not contain corrosive acid nor polluting heavy metals, as other technologies do, thus becoming the most environmentally friendly battery available.
Works well in extremely low temperatures:
Whether you work in cold climates or in refrigerated environments, the Fe battery will deliver more energy. As an example, at -40C, more than 60% of the energy stored is usable, which is not the case with the other technologies
Learn more about BYD forklifts, visit our BYD forklift showroom, then contact us a 888-530-1832 to learn more about the all the advantage of the BYD forklift and its iron phosphate (Fe) battery technology.
Posted: January 9, 2018 Filed under: Forklift Equipment, Material Handling, Uncategorized, Used Forklifts | Tags: chicago, new forklift, new lift truck, Section 179, used forklift, used lift truck, west chicago
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 888-530-1832 for more information or a quote.
Posted: October 26, 2017 Filed under: Employee Safety, Forklift Safety, Management, Uncategorized, Warehouse Safety | Tags: chicago, citations, fines, Forklift Operator Safety, forklift safety, osha, Regulations, violations, west chicago
From the OSHA blog:
Labor’s Occupational Safety and Health Administration releases a preliminary list of the 10 most frequently cited safety and health violations for the fiscal year, compiled from nearly 32,000 inspections of workplaces by federal OSHA staff. One remarkable thing about the list is that it rarely changes.
Year after year, inspectors see thousands of the same on-the-job hazards, any one of which could result in a fatality or severe injury. More than 4,500 workers are killed on the job every year, and approximately 3 million are injured, despite the fact that by law, employers are responsible for providing safe and healthful workplaces for their workers. If all employers simply corrected the top 10 hazards, we are confident the number of deaths, amputations and hospitalizations would drastically decline. Consider this list a starting point for workplace safety:
- Fall protection
- Hazard communication
- Respiratory protection
- Powered industrial trucks
- Machine guarding
- Electrical wiring
- Electrical, general requirements
It’s no coincidence that falls are among the leading causes of worker deaths, particularly in construction, and our top 10 list features lack of fall protection as well as ladder and scaffold safety issues. We know how to protect workers from falls, and have an ongoing campaign to inform employers and workers about these measures. Employers must take these issues seriously. We also see far too many workers killed or gruesomely injured when machinery starts up suddenly while being repaired, or hands and fingers are exposed to moving parts. Lockout/tagout and machine guarding violations are often the culprit here.
Proper lockout/tagout procedures ensure that machines are powered off and can’t be turned on while someone is working on them. And installing guards to keep hands, feet and other appendages away from moving machinery prevents amputations and worse. Respiratory protection is essential for preventing long term and sometimes fatal health problems associated with breathing in asbestos, silica or a host of other toxic substances. But we can see from our list of violations that not nearly enough employers are providing this needed protection and training.
The high number of fatalities associated with forklifts, and high number of violations for powered industrial truck safety, tell us that many workers are not being properly trained to safely drive these kinds of potentially hazardous equipment. Rounding out the top 10 list are violations related to electrical safety, an area where the dangers are well-known. Our list of top violations is far from comprehensive.
OSHA regulations cover a wide range of hazards, all of which imperil worker health and safety. And we urge employers to go beyond the minimal requirements to create a culture of safety at work, which has been shown to reduce costs, raise productivity and improve morale.
To help them, we have released new recommendations for creating a safety and health program at their workplaces. We have many additional resources, including a wealth of information on our website and our free and confidential On-site Consultation Program. But tackling the most common hazards is a good place to start saving workers’ lives and limbs.
Learn more about Apex Forklift Operator Training and contact us to be sure your operators are trained to properly operate the forklifts you own, under the conditions you operate. Well-trained forklift operators are more productive, less costly and more profitable for your material handling operation.
Well-maintained forklifts are also more productive, safer and have a longer useful life. Find out more about how we can help you keep your forklift fleet operating at peak efficiency and safety at our forklift services page.
Contact us to learn more at 888-530-1832.
Posted: September 27, 2017 Filed under: Forklift Safety, Uncategorized, Warehouse Safety | Tags: chicago, Employee Health, employee safety, forklift operator training, osha, west chicago
We talk a lot about employee safety, particularly within the confines of forklifts. But OSHA has compiled plenty of information that demonstrates it is more profitable in the long-run for companies to invest in health, wellness and safety programs for their employees. Just like forklift operator safety training, investing in other aspects of your employee’s job safety and overall health, your company reaps the rewards of less sick time, improved performance and productivity, and yes, profits. Following is OSHA’s business case:
Employers that invest in workplace safety and health can expect to reduce fatalities, injuries, and illnesses. This will result in cost savings in a variety of areas, such as lowering workers’ compensation costs and medical expenses, avoiding OSHA penalties, and reducing costs to train replacement employees and conduct accident investigations. In addition, employers often find that changes made to improve workplace safety and health can result in significant improvements to their organization’s productivity and financial performance.
The following resources provide background on the economic benefits of workplace safety and health and how safety managers and others may demonstrate the value of safety and health to management.
Management Views on Investment in Workplace Safety and Health
- Y.H. Huang, T.B. Leamon, et al. “Corporate Financial Decision-Makers’ Perceptions of Workplace Safety.” Accident Analysis and Prevention, Vol. 39, No. 4, pp. 767-775 (2007). This study reviewed how senior financial executives perceived workplace safety issues. The executives believed that money spent improving workplace safety would have significant returns. The perceived top benefits of effective workplace safety and health programs were increased productivity, reduced cost, retention, and increased satisfaction among employees.
Return on Investment in Workplace Safety and Health
- Building a Safety Culture: Improving Safety and Health Management in the Construction Industry. Dodge Data and Analytics, CPWR, and United Rentals, (2016). Includes a section on the impact of safety practices and programs on business factors, such as budget, schedule, return on investment, and injury rates.
- Business of Safety Committee. American Society of Safety Engineers (ASSE). This committee gathers data, prepares documents, and is a source of professional information on ASSE’s efforts to show that investment in safety, health, and the environment is a sound business strategy. This page includes links to a variety of resources on the return on safety investment.
- The ROI of EHS: Practical Strategies to Demonstrate the Business Value of Environmental, Health, and Safety Functions (PDF). Business and Labor Reports, (2006). Reviews strategies to help EHS professionals demonstrate the value of their programs to executive management.
- White Paper on Return on Safety Investment. American Society of Safety Engineers (ASSE), (June 2002). Concludes that there is a direct, positive correlation between investment in safety, health, and the environment and its subsequent return on investment.
- Return on Investment. American Society of Safety Engineers (ASSE). Provides information on the return on investment in workplace safety and health.
- Demonstrating the Business Value of Industrial Hygiene (PDF). American Industrial Hygiene Association (AIHA), (May 2008). Provides guidance on how industrial hygienists can show that they provide organizations with competitive business advantages.
- Construction Solutions Return on Investment Calculator. CPWR – The Center for Construction Research and Training. Helps evaluate the financial impact of new equipment, materials, or work practices introduced to improve safety.
- Safety Grant Best Practices. Ohio Bureau of Workers’ Compensation Safety Grants Intervention Program. Case studies on the effectiveness of investment in safety equipment, including reduced incident rates and return on investment information.
- Anthony Veltri, Mark Pagell, Michael Behm, and Ajay Das. “A Data-Based Evaluation of the Relationship Between Occupational Safety and Operating Performance” (PDF) Journal of SH&E Research Vol.4, No. 1 (Spring 2007). Results of study of 19 manufacturing firms supports theory that good safety performance is related to good operating performance.
- R. Fabius, RD Thayer, DL Konicki, et al, “The link between workforce health and safety and the health of the bottom line: tracking market performance of companies that nurture a “culture of health.” Journal of Occupational and Environmental Medicine, Vol. 55, No. 9 (2013), pp. 993-1000. Companies that build a culture of health by focusing on the well-being and safety of their workforce may yield greater value for their investors. See Abstract and Press Release.
Tools for Calculating Economic Benefits of Workplace Safety and Health
- $afety Pays. OSHA. Interactive software that assists employers in assessing the impact of occupational injuries and illnesses on their profitability. It uses a company’s profit margin, the average costs of an injury or illness, and an indirect cost multiplier to project the amount of sales a company would need to generate to cover those costs.
- Safety Pays in Mining. National Institute for Occupational Safety and Health (NIOSH). Estimates the total costs of workplace injuries to a company in the mining industry and the impact of profitability.
Michael Behm, Anthony Veltri, and Ilene Kleinsorge. “The Cost of Safety: Cost analysis model helps build business case for safety.” Professional Safety (April 2004). Presents a cost analysis model that can help safety, health, and environmental professionals measure, analyze, and communicate safety strategies in business terms.
“Proceedings From the Economic Evaluation of Health and Safety Interventions at the Company Level Conference.” Journal of Safety Research Vol. 36, No. 3(2005), pages 207-308. These articles describe several tools currently used by companies to evaluate the economic impact of safety and health interventions.
Susan Jervis and Terry R. Collins. “Measuring Safety’s Return on Investment.” Professional Safety (September 2001). To address the challenge of maintaining effective safety programs in the face of cutbacks, the authors discuss a decision tool to help safety managers determine which program elements offer the best return on investment.
Impact of OSHA Inspections
- D. Levine, M. Toffel, and M. Johnson, “Randomized Government Safety Inspections Reduce Worker Injuries with No Detectable Job Loss.” Science, Vol. 336, No. 6083, pp. 907-911 (May 18, 2012). A 2012 study concluded that inspections conducted by California’s Division of Occupational Safety and Health (Cal/OSHA) reduce injuries with no job loss. The study showed a 9.4% drop in injury claims and a 26% average savings on workers’ compensation costs in the four years after a Cal/OSHA inspection compared to a similar set of uninspected workplaces. On average, inspected firms saved an estimated $355,000 in injury claims and compensation paid for lost work over that period. There was no evidence that these improvements came at the expense of employment, sales, credit rating, or firm survival. See Abstract and Press Release.
- A.M. Haviland, R.M. Burns, W.B. Gray, T. Ruder, J. Mendeloff, “A new estimate of the impact of OSHA inspections on manufacturing injury rates, 1998-2005,” American Journal of Industrial Medicine, (May 7, 2012). Found that OSHA inspections with penalties of Pennsylvania manufacturing facilities reduced injuries by an average of 19-24% annually in the two years following the inspection. These effects were not found in workplaces with fewer than 20 or more than 250 employees or for inspections without penalties. See Abstract.
- M. Foley, Z.J. Fan, E. Rauser, B. Silverstein, “The impact of regulatory enforcement and consultation visits on workers’ compensation incidence rates and costs, 1999-2008.” American Journal of Industrial Medicine, (June 19, 2012). Reviewed changes in workers’ compensation claims rates and costs for Washington state employers having either an inspection, with or without a citation, or an On-site Consultation Program visit. The study concluded that enforcement activities were associated with a significant drop in claims incidence rates and costs and that similar results may also be attributable to Consultation visits. See Abstract.
Making the Business Case for Process Safety Management
- Business Case for Process Safety. American Institute of Chemical Engineers, Center for Chemical Process Safety (CCPS). CCPS developed a brochure and presentation to help companies demonstrate the business case for process safety management.
Relationship Between Injury Rates and Survival of Small Businesses
- Theresa Holizki, Larry Nelson, and Rose McDonald. “Injury Rates as an Indicator of Business Success.” Industrial Health Vol. 44(2006), pages 166-168. Study of new small businesses that registered with the Workers’ Compensation Board of British Columbia. A statistical correlation was found between workplace safety and health and the survival of a small business. Businesses that failed within one to two years of start-up had an average injury rate of 9.71 while businesses that survived more than five years had an average injury rate of 3.89 in their first year of business.
Learn more about Apex Material Handling and our Forklift Operator Safety Training programs in Chicago and West Chicago. Contact us to inquire further or schedule your training at 888-530-1832.
Posted: July 21, 2017 Filed under: Management, Material Handling, News | Tags: chicago, Economics, forklift, GDP, Industrial Trucks, Material Handling, west chicago
Industrial trucks and forklift sales are directly tied to our economy. When our economy does well, more forklifts are required to move the goods ordered by customers and end-users. Conversely, when a downturn occurs, forklift sales drop, sometimes dramatically as they did with the recession of 2009. What few people understood until now, the economic impact these forklifts make on our economy. Recently the Industrial Truck Association in conjunction with Oxford Economics researched the topic, and below are some of the significant findings.
- Industrial truck manufactures generate 209,600 jobs in the US, directly and indirectly.
- The economic impact of forklift on the US economy is $25.7 billion dollars. Here in Illinois forklifts generate over $3.5 billion dollars to our state economy.
- Over $15 billion of that contribution is a result jobs that support forklift sales and service such as service technicians, the parts that are made and sold and installed on forklifts, training centers etc…
- The Bureau of Labor and Statistic (BLS) estimates that there are about 540,000 industrial truck operators in the US.
- There are over 200,000 forklifts sold annually in the US.
- Over 1 million forklifts are sold around the world each year.
- The industrial truck industry generate about $5.3 billion dollars in state and local taxes. Here in Illinois, state and local taxes are over $271 million dollars.
As you can see, when we sell a forklift we create a lot of work not only here at Apex, but for our customers, their customers and the impact is felt all throughout our state and national economy.
Report – Industrial Trucks Effect on State and National Economics
Posted: June 7, 2017 Filed under: Employee Safety, Forklift Safety, Material Handling, Uncategorized | Tags: chicago, Employee Health, employee safety, forklift operator training, forklift safety, west chicago
The hot summer months are upon us. With increased heat and humidity workers become more susceptible to heat-related illnesses. Workers who are not accustomed to working in the heat can quickly become ill and experience heat stroke, which can lead to serious illness and even death. Since your forklift operators will frequently work outside and on equipment that utilizes internal combustion engine, part of your forklift operator training, should be awareness of heat illness.
There are a few things to keep in mind about heat-related illness and what you can do to help prevent it in your workers.
- Train your employees about the dangers of heat-related illnesses. OSHA has excellent training information and materials to help you relate this information to all of your employees who work in the heat. Part of that training should be to recognize the symptoms of heat-related illnesses and to act upon them immediately. Never brush it off and continue working. The symptoms exist for a reason!
- Understand that all employees are not equally able to resist the heat. Employees should be able to assess their own conditioning and how well they handle heat. Employees who are taking certain prescription medications or have certain chronic illnesses, such as diabetes, need to pay special attention to how they feel while working. Employees who are new to outdoor jobs are often most susceptible to heat-related illnesses. Try to ease them into the normal workload gradually, until you’re confident they are acclimated.
- Provide additional water stations during the hotter months, at more convenient locations, and encourage employees to drink water every 15 minutes or so, based on temperature. Never wait until you are thirsty to start re-hydrating.
- Provide for more frequent breaks. In the long run employees will be more productive in the heat if they are getting proper rest to allow their bodies to cool down while also keeping themselves better hydrated during these breaks.
- Proper ventilation and air movement inside your warehouse or material handling facility is very important in keeping the temperature at safe levels and your workers cool. Ceiling fans, screen doors for warehouse dock doors, and roof vents are great ways to keep your facility comfortable and more productive.
OSHA has provided a wealth of information to help you provide a safe atmosphere to deal with the summer heat. While OSHA does not have a standard pertaining to preventing heat illnesses, it is up to us to be sure we have done everything that we can to help our employees stay safe and avoid heat-related illnesses.
Well-trained and equipped employees are more productive employees. Keeping them safe from the heat during the summer months ensures better productivity for tomorrow and years beyond. But it is ultimately up to us as the employers to be sure our employees are prepared to understand and act accordingly to ensure their own safety.