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Today in Distribution

The complete daily resource for distribution professionals

Oil Prices Ease but Remain Elevated

July 21, 2014 9:22 am | by The Associated Press | News | Comments

Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.                      

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Sales Up at GPC, Motion Industries

July 21, 2014 9:13 am | by Genuine Parts Company | News | Comments

Thomas C. Gallagher, Chairman and Chief Executive Officer of GPC, announced that record sales totaling $3.9 billion were up six percent compared to the second quarter of 2013, and that Motion Industries's sales were up seven percent.

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Acklands-Grainger Announces Agreement to Acquire WFS Enterprises Inc.

July 21, 2014 8:45 am | by Acklands-Grainger | News | Comments

Acklands-Grainger, Canada’s largest distributor of industrial, safety and fastener products, today announced its agreement to acquire WFS Enterprises Inc., a leading distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations.

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Oil Slips After Steep Climb On Ukraine Crisis

July 18, 2014 11:20 am | by Pablo Gorondi, Associated Press | News | Comments

The price of oil retreated slightly Friday after climbing to near $104 a barrel amid growing geopolitical concerns following the crash of a Malaysian jetliner in Ukraine and another round of U.S. sanctions on Russia.      

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Gauge Of U.S. Economy Rises In June

July 18, 2014 11:16 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.         

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Higher Gas Costs Push Up Producer Prices

July 18, 2014 11:14 am | by Josh Boak, AP Economics Writer | News | Comments

Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.                   

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GE Q2 Profit Jumps 13 Percent

July 18, 2014 11:08 am | by Jonathan Fahey, AP Energy Writer | News | Comments

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions.                    

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Honeywell Q2 Profit Climbs 7.6 Percent

July 18, 2014 11:03 am | News | Comments

Honeywell International Inc. (HON) on Friday reported profit that climbed by 7.6 percent in its second quarter, and topped analysts' expectations.                  

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Schlumberger Announces Q2 2014 Results

July 18, 2014 10:59 am | by Business Wire | News | Comments

Schlumberger Limited has reported second quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013.            

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Quality Products Announces Appointment Of President

July 18, 2014 10:52 am | by Business Wire | News | Comments

Quality Products, Inc., a manufacturer and distributor of aircraft ground support equipment and hydraulic machine tools, is pleased to announce the appointment of David Somers to the position of president of the company.     

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Survey: Distribution Industry Is Growing, Adding Jobs

July 18, 2014 10:23 am | by NAW Institute | News | Comments

Driven by online sales and an improved economy, the U.S. distribution industry is growing, according to the 2014 NAW Institute/McGladrey Distribution Monitor.                

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NAED Urges Action On E-fairness

July 18, 2014 10:08 am | by The National Association of Electrical Distributors | News | Comments

The National Association of Electrical Distributors (NAED), a member of the Marketplace Fairness Coalition, strongly supports the Marketplace and Internet Tax Fairness Act (MIFTA) introduced in the Senate earlier this week.     

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United Stationers Industrial Supplies Business President Departs

July 18, 2014 10:03 am | by PRNewswire | News | Comments

United Stationers Inc. has announced that Larry D. Davis, president of ORS Nasco, the company's industrial supplies division, will be leaving the company.                

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Obama Aims To Stop Corporate Overseas Tax Moves

July 18, 2014 9:58 am | by Tom Murphy, AP Business Writer | News | Comments

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.         

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Unemployment Aid Applications Drop To 302K

July 17, 2014 11:17 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.                    

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Amada Machine Tools America Joins IBC As A Preferred Supplier

July 17, 2014 11:14 am | News | Comments

IBC has announced the addition of Amada Machine Tools America, Inc., to its buying group as a Preferred Supplier of band saw machines, along with complementary band saw blades, milling machines, grinders, and turning centers.    

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Fed Survey Sees Improved Economy

July 17, 2014 11:09 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates.             

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Watsco Achieves Record Sales, Operating Margins During Second Quarter

July 17, 2014 11:06 am | by Watsco | News | Comments

Watsco, Inc. has reported record results for the second quarter and for the six months which ended June 30, 2014.                      

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Praxair Signs Long-Term Supply Agreement

July 17, 2014 10:59 am | by Praxair | News | Comments

Praxair, Inc., through a subsidiary, has signed a long-term contract to supply industrial gases to Nanjing Jinling Huntsman New Materials Co., Ltd., a joint venture between SINOPEC Jinling and Huntsman.        

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3M Presents Distributor Of The Year Awards

July 17, 2014 10:53 am | by 3M | News | Comments

3M recognized four companies with “Distributor of the Year” awards at the 2014 Industrial Supply Association (ISA) Annual Convention in New Orleans, Louisiana.               

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