Abstract: A speed limiting system for a vehicle such as a forklift truck enables the travel speed of the vehicle to be limited without limiting maximum throttle position or adjusting a governor to limit maximum engine or motor power. The system can be used with combustion engine vehicles or electric vehicles. The system has a rate of travel sensor, preferably a rotation sensor sensing a rotation rate of the vehicle axle or wheel. A rate of travel signal is provided to either an analog or digital speed limiting control system which outputs a logic high speed control signal when the rate of travel signal exceeds a pre-set overspeed limit value for a selected time period. The speed control signal can be used to display or record occurrences of overspeed vehicle travel, or limit engine or motor power in that presence of the speed control signal. A warning system can also be incorporated to warn of high speed travel which is potentially approaching an overspeed condition.