A material handling apparatus and a process for feed indexing. The process for feed indexing and processing of elongated stock includes the steps of gripping and moving an elongated stock with a first shuttle vise at a desired travel velocity toward a first final position. An open second vise accelerates from a second home start position until reaching the desired travel velocity. The second vise grips and moves the stock once the second vise is at the desired travel velocity while the first vise is gripping the stock. The first vise releases the stock and recycles to a first home position while the second vise moves the stock.