Online shopping is fueling a boom in warehouse distribution centers and, indirectly, the forklift industry. And one of the biggest makers of plug-in, electric forklifts – Toyota subsidiary The Raymond Corp. — is eying Eagle’s Landing business park on Jefferson Road in Henrietta for a $5.5 million development facility. It is looking to establish a centralized development facility focused on energy sources for its forklifts and related equipment. What’s being proposed is a centralized, North American development facility focused on improving the efficiency of Raymond’s products while helping transition Toyota’s gas-powered forklifts as well. Raymond also is considering a site in Indiana that is near another Toyota facility but also Cummins, which historically has focused on diesel engines.

Source: Forbes December 11, 2023 18:53 UTC