Tax Cuts and your Forklift Fleet

Plenty of questions these days about the tax cut recently signed into law by the current administration. While it hasn’t been without controversy, it’s good news for industries that move heave materials.

One of the purposes of the bill is to increase business investments. Forklifts are among the types of capital investments, along with computer systems, cranes and other heavy equipment that businesses can spend money on now and receive a tax break later.

The Tax Cuts and Jobs Act provides an opportunity for businesses to immediately expense the cost of capital equipment purchased and put into service before January 1, 2023. The ability to fully expense purchases rather than amortizing the equipment over a long period of time lessens the long-term financial cost of buying new equipment.
Effectively, the bill reduces the tax burden in the first year of a forklift’s tenure with your business, freeing up cash to reinvest in your business.

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Forklift Mast Hoses

Your mast hoses don’t appear, at first glance, to do a lot of heavy lifting when it comes to your forklift, but the fact is they are critical to efficient, safe operation of your truck.

This is why a daily start-of-shift inspection requirement includes the mast hoses. Even the smallest flaw or damage to a hose can cause expensive problems.

When you’re inspecting your hoses, here are five things to look for to ensure your hoses are in good shape.

Consult your owner’s manual for the recommended inspection intervals.

Start by checking out the jackets covering the hoses. While damage to the jacket doesn’t necessarily mean the hose itself is damaged, it can be a sign something is wrong. Once the jacket is damaged, the hose inside is extremely vulnerable.

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Maintaining Forks on the Forklift

It’s called a FORKlift. They’re right there in the name of the truck.

Yet, forklift forks are frequently the forgotten piece of the puzzle when it comes time for inspecting and maintaining a lift.

Think about it. The forks do all the heavy work, they get dragged on the floor and make hard contact with the materials they are moving, not to mention the impact with walls and shelving as loads are delivered or picked up.

Your forks are the forgotten heroes.

You’re told to inspect your forks at the beginning of every shift but that rarely happens. OSHA even directs you to give them a thorough inspection by an experienced professional periodically.

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3 Different Types of Forklifts

If you’re trying to figure out what type of forklift might work best for your facility, here are three things that can help you make your decision.

There are three types of forklift trucks and the one that is best for you depends on what you are using it for and the conditions in which you will be using the lift.

Gas: Powered by liquid petroleum gas these lifts are competitively-priced and popular. They can generally be used indoors or outdoors and are workhorses that can handle long shifts and arduous conditions.

While they do give off noxious emissions, they are generally cleaner than diesel lifts (more on those later) and they tend to run quieter than their diesel counterparts.

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