Latest news with #warehouses
Daily Mail
24-07-2025
- Climate
- Daily Mail
Italy is hit with landslides as flash floods destroy bridge, wash away cars and trigger evacuation after ferocious summer storm
Italy has been inundated by landslides caused by flashfloods that have destroyed bridges, washed away cars and triggered an evacuation. Following powerful summer thunderstorms on Wednesday and Thursday, the picturesque Passiria Valley in northern Italy was flooded after over 100mm of rain fell in just a few hours. Video footage taken of the floods in the region showed muddied water raging across the land. Roads were submerged in water and mud, trapping cars that tried to ford the flow of rain. One set of photos showed what appeared to be a building site of new homes in the valley having many of their structural materials rushed away by the flash floods. The ground upon which a six-storey building, half-built and still exposed to the elements, was soaked through with water. Rusted metal parts were seen on its roof. Though the damage in the area was extensive, no one was injured or killed by the extreme weather. The regional government said the largest landslide happened in 'an industrial area, where several warehouses, machinery, and work tools were buried, and clearing work is proceeding at full speed.' One set of photos showed what appeared to be a building site of new homes in the valley having many of their structural materials rushed away by the flash floods. One road, shut down due to the weather, remains closed until further notice while a one-way system for cars across the valley has been in place since 5am. Local firefighters deployed ten vehicles, including five bucket excavators and three wheel loaders, to remove six to seven meters of material and clear the blocked passageway so the water could flow in a controlled manner. As Italy is deluged by flashfloods, shocking footage shows the aftermath of deadly wildfires in Cyprus with rows of luxury villas reduced to ashes. Terrified residents were forced to flee in the night as raging flames - fanned by powerful winds and a 40C heatwave - engulfed entire streets to the north of Limassol, a coastal city loved by Brits. One elderly couple were tragically burnt alive as they attempted to flee in their car while rescue teams are frantically searching for missing people and carrying out mass evacuations. The blaze, which hasn't stopped burning since it broke out at midday on Wednesday, has devastated swathes of agricultural and habitable land across the wine–producing region north of the city of Limassol, which sits near popular holiday hotspots. Rows of luxury homes in the Souni region of the island were seen burnt to a crisp. Several trees on the front of properties were seen charred and mangled by the flames. Telegraph poles could be seen askew in the ground, warped by the fires. The inferno is believed to have begun from two points around 300ft apart in an area underneath a bridge where there is a rubbish dump. Local cops are reportedly investigating the cause of the blaze as arson. It has since emerged that two people have died after they were burned alive in their car. Local media has reported that the pair were an elderly couple who were trying to flee the fires, though they have not been formally identified yet.
Globe and Mail
23-07-2025
- Automotive
- Globe and Mail
Meenyon Unveils Comprehensive Forklift Portfolio, Featuring the Diesel Hercules Series and Next-Generation Electric Models
Meenyon, a global pioneer in industrial vehicles and intelligent handling solutions, today announced a major expansion of its forklift portfolio, unveiling a powerful diesel lineup alongside its acclaimed electric forklift series. This strategic update further cements Meenyon's reputation as a premier supplier of clean, intelligent, and high-performance equipment for warehouses, ports, factories, and logistics centers across the globe. Since its founding in 2003, Meenyon has pursued one mission: to lead the material-handling sector with products that seamlessly blend productivity, safety, and sustainability. The company's latest offerings include the new Diesel Forklift Truck CPC/Q(D)20-35T3, a rugged internal combustion powerhouse designed to tackle the heaviest loads with exceptional efficiency, alongside its continually evolving line of zero-emission electric vehicles. Introducing the Hercules: CPC/Q(D)20-35T3 Diesel Forklift Truck – Strength Redefined Built to exceed expectations, the CPC(D)30T3 and CPC(D)35T3 models in the Diesel Forklift Truck CPC/Q(D)20-35T3 series provide unmatched load handling and versatility. With rated loads of 3.0 and 3.5 tons and maximum loads reaching 4.0 tons, these forklifts deliver the power and durability required in industrial operations, without compromising on operator comfort or safety. Key Product Highlights: Wide-view mast with cargo drop buffer for enhanced visibility Small-diameter steering wheel with adjustable angle for ergonomic operation Fore-and-aft adjustable seats for personalized comfort Xinchai high-torque diesel engine meeting national emission standards Mechanical gear shift with electronic hydraulic shift for seamless control Heat-insulated hood with sound-absorbing materials to minimize noise and vibration Integrated safety features, including a solid-state instrument panel and overhead guard 'Meenyon's Hercules forklifts exceeded our expectations in load capacity. We look forward to a long-term collaboration,' noted a recent client from the automotive inspection industry who placed an immediate order after a successful on-site demo. Technical Excellence: Engine Models: 4D27G31 (30T3), 4D30G31 (35T3) Rated Power: 36.8 kW @ 2500 rpm Rated Torque: Up to 174 Nm Fuel Tank Capacity: 70 L Travel Speed: 20 km/h Lift Speed: 500/480 mm/s (no load/full load) Gradeability: 20% Turning Radius: 2620 mm Fork Dimensions: 1070 × 125 × 45/50 mm From enhanced mast options to field-tested traction and torque, the Hercules diesel series is built for reliability, performance, and cost-effectiveness in heavy-duty operations. Continued Innovation: Meenyon's Expanding Electric Forklift Line At the heart of Meenyon's zero-emission offering is the Electric Warehouse Reach Truck CQD16/20RV(F)2, purpose-built for high-racking operations up to 12 meters. This flagship model boasts: Ergonomic cockpit and unobstructed forward visibility High-load stability from an optimized mast design 500 Ah battery with 65 A fast charger for multi-shift capability Integrated side-shift system for rapid pallet positioning Supporting operations in narrow aisles and smaller environments, models like the EST122 Pedestrian Stacker, ESR151 Ride-On Stacker, ES16-RS, and ES12-16WA deliver adaptability, safety, and high throughput in compact formats. These units feature advanced safety profiles, spring-assist steering, onboard chargers, and AC-powered systems, all designed to meet the rigorous demands of today's fast-moving logistics centers. 'Electric forklifts are now the performance benchmark for modern logistics,' a Meenyon spokesperson stated. 'With our newest designs, customers no longer have to choose between power and sustainability, they can have both.' Engineering Excellence Meets Global Reach Meenyon's forklifts, whether diesel or electric, are manufactured to the highest standards, certified to SGS IATF 16949:2016 and compliant with CE, ANSI, and UL regulations. Every unit undergoes a multi-stage safety and performance test at Meenyon's in-house lab before being shipped, ensuring out-of-the-box reliability. With over 700,000 electric pallet trucks sold and a distribution network spanning more than 30 countries, Meenyon is a recognized name in both emerging and established markets. The company is also a key contributor to China's national industrial-vehicle standards and continues to push the envelope with ongoing R&D in automation, telematics, and hydrogen fuel-cell propulsion. Real Results, Real Partnerships A recent visit by an international client in the automotive inspection sector resulted in a confirmed order for two 4-ton diesel forklifts after witnessing the 3.5-ton Hercules model successfully handle 4-ton loads, proving itself a cost-effective alternative to heavier equipment. Shipment is expected within 40 days, and future resale partnerships are already under discussion. Explore the Meenyon Advantage Businesses seeking to upgrade their fleets with reliable, efficient, and environmentally conscious equipment are encouraged to explore Meenyon's comprehensive lineup. From diesel-powered heavy-lifters to whisper-quiet electric reach trucks, Meenyon offers the right solution for every industrial need. About Meenyon Founded in 2003, Meenyon is a leading designer and manufacturer of electric forklifts, pallet trucks, stackers, and intelligent handling robots. Headquartered in Shanghai and certified to SGS IATF 16949:2016, the company supplies OEM components to international automotive brands and partners with European and Asian forklift makers. With continuous investment in battery and hydrogen technologies, Meenyon is shaping the future of sustainable material handling. To learn more visit: For the latest updates, follow Meenyon on Social media. Media Contact Company Name: Meenyon (Jiaxing Meenyon Green Energy Technology Co., Ltd.) Contact Person: Xia Zaochun Email: Send Email City: Jiaxing City State: Zhejiang Province Country: China Website:
Yahoo
22-07-2025
- Business
- Yahoo
How Global Expansion Is Shaping Costco's Long-Term Profile
Costco Wholesale Corporation's COST long-term profile is defined by its disciplined global expansion strategy, moving beyond the domestic market to tap into high-potential international regions. COST currently operates 908 warehouses worldwide, with a significant global presence spanning 109 in Canada, 41 in Mexico, 37 in Japan, 29 in the United Kingdom, and notable growth in countries such as Korea (20), Australia (15), Taiwan (14) and China (7). Costco plans to open 27 new warehouses (24 net new) in fiscal 2025, bringing its global count to international push is making a substantial contribution to Costco's top line. In the third quarter, the Other International and Canada segments reported adjusted comparable sales growth of 8.5% and 7.8%, respectively. While foreign exchange fluctuations created a minor 1.2% headwind, Costco continues to leverage its global scale and operational discipline to strategically manage supply-chain sales figures, global expansion is playing a key role in enhancing Costco's operational efficiency. The company is localizing supply chains for its Kirkland Signature brand to better serve regional markets. For example, sourcing Kirkland Signature Ultra Clean Laundry products directly from Asia for APAC warehouses has resulted in a 40% reduction in member prices within the region. This localization strategy not only mitigates tariff-related costs but also strengthens Costco's ability to deliver member value through competitive global expansion is reshaping it into a more resilient, efficient and member-focused retailer. By blending regional relevance, Costco is driving higher volumes, stronger renewal rates and greater supply-chain agility. Costco's Price Performance, Valuation and Estimates Costco stock has been a standout performer, with shares rallying 11.2% in the past year, outpacing the industry's growth of 4.6%. The company has also comfortably outperformed key peers, such as Target Corporation TGT and Dollar General Corporation DG. During the same period, Target shares have tumbled 32.4%, while Dollar General has fallen 10.7%. Image Source: Zacks Investment Research From a valuation standpoint, Costco's forward 12-month price-to-earnings ratio stands at 48.07, higher than the industry's ratio of 31.61. COST carries a Value Score of D. Costco is trading at a premium to Dollar General (with a forward 12-month P/E ratio of 17.79), and Target (12.99). Image Source: Zacks Investment Research The Zacks Consensus Estimate for Costco's current financial-year sales and earnings per share implies year-over-year growth of 8.1% and 11.6%, respectively. Image Source: Zacks Investment Research Costco currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Dollar General Corporation (DG) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
22-07-2025
- Business
- Globe and Mail
How Global Expansion Is Shaping Costco's Long-Term Profile
Costco Wholesale Corporation 's COST long-term profile is defined by its disciplined global expansion strategy, moving beyond the domestic market to tap into high-potential international regions. COST currently operates 908 warehouses worldwide, with a significant global presence spanning 109 in Canada, 41 in Mexico, 37 in Japan, 29 in the United Kingdom, and notable growth in countries such as Korea (20), Australia (15), Taiwan (14) and China (7). Costco plans to open 27 new warehouses (24 net new) in fiscal 2025, bringing its global count to 914. This international push is making a substantial contribution to Costco's top line. In the third quarter, the Other International and Canada segments reported adjusted comparable sales growth of 8.5% and 7.8%, respectively. While foreign exchange fluctuations created a minor 1.2% headwind, Costco continues to leverage its global scale and operational discipline to strategically manage supply-chain dynamics. Beyond sales figures, global expansion is playing a key role in enhancing Costco's operational efficiency. The company is localizing supply chains for its Kirkland Signature brand to better serve regional markets. For example, sourcing Kirkland Signature Ultra Clean Laundry products directly from Asia for APAC warehouses has resulted in a 40% reduction in member prices within the region. This localization strategy not only mitigates tariff-related costs but also strengthens Costco's ability to deliver member value through competitive pricing. Costco's global expansion is reshaping it into a more resilient, efficient and member-focused retailer. By blending regional relevance, Costco is driving higher volumes, stronger renewal rates and greater supply-chain agility. Costco's Price Performance, Valuation and Estimates Costco stock has been a standout performer, with shares rallying 11.2% in the past year, outpacing the industry 's growth of 4.6%. The company has also comfortably outperformed key peers, such as Target Corporation TGT and Dollar General Corporation DG. During the same period, Target shares have tumbled 32.4%, while Dollar General has fallen 10.7%. From a valuation standpoint, Costco's forward 12-month price-to-earnings ratio stands at 48.07, higher than the industry's ratio of 31.61. COST carries a Value Score of D. Costco is trading at a premium to Dollar General (with a forward 12-month P/E ratio of 17.79), and Target (12.99). The Zacks Consensus Estimate for Costco's current financial-year sales and earnings per share implies year-over-year growth of 8.1% and 11.6%, respectively. Costco currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report
Yahoo
22-07-2025
- Business
- Yahoo
Costco switches from Pepsi to Coca-Cola at food courts nationwide
This story was originally published on Costco is transitioning its soft drink offerings from Pepsi to Coca-Cola in food courts nationwide. The change was implemented at the beginning of July, with Costco expecting to complete the revised food court menu by the end of this fall. Costco drops Pepsi, ushers in Coca-Cola Costco Chief Executive Officer (CEO) Ron Vachris broke the news in January, explaining that Costco would be 'converting our food court fountain business back over to Coca-Cola' this summer, and the replacement will encompass all 908 Costco locations globally, which include 625 in the U.S., according to The New York Post. 'Costco insiders and Coca-Cola fans are buzzing about the transition, which will span warehouses in 14 countries, allowing Costco members everywhere to once again enjoy their favorite Coca-Cola beverages alongside Costco's beloved food court offerings,' Coca-Cola told FOX Business. The fan-favorite $1.50 hot dog and soda combo has remained unchanged for decades, and has been labeled by the company as a 'loss leader' among other items Costco has noted, like the $5 rotisserie chicken. The company's decision to revise the food court menu follows more than a decade of serving Pepsi products in its locations, starting in 2013. Across all Costco locations, the company's food court recorded 229 million sales of its hot dog and soda combo in fiscal year 2024, Vachris said, according to The New York Post. The new Coca-Cola offerings inside Costco's food courts are expected to include Original Coca-Cola, Sprite, Diet Coke, Coke Zero, Barq's Root Beer, and Minute Maid Lemonade, according to The U.S. Sun. Solve the daily Crossword
