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The complete daily resource for distribution professionals

Report: Taxes On U.S. Industrial Companies Higher Than Overseas Rivals

July 17, 2015 12:46 pm | by Andy Szal, Digital Reporter | News | Comments

PwC analysts said that the manufacturing sector saw benefits last year due to more efficient operations, faster technology implementation, shortened product cycles, and improved responses to customers.

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AutoCrib Moves Headquarters To Tustin, CA

July 17, 2015 12:04 pm | by AutoCrib Autocrib News | Comments

Moving from their previous location in Santa Ana, CA, the new facility will serve as AutoCrib’s corporate headquarters and the primary location for designing and manufacturing industrial vending machines.

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Grainger Cuts Outlook Again, Though Q2 Profit Rises

July 17, 2015 9:30 am | by Mike Hockett, Managing Editor | News | Comments

Despite U.S. sales posting a modest year-over-year increase and a solid profit gain, the company lowered its full-year outlook for a second straight quarter.

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ID's Top 5 Of The Week

July 17, 2015 8:43 am | by Mike Hockett, Managing Editor | Blogs | Comments

One of the most jam-packed news weeks in recent ID history featured a cyberattack at Grainger, Fastenal's quarterly earnings, and major acquisitions involving Anixter, HD Supply, Würth Group, and BlackHawk Industrial.

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Tempil Launches Enhanced Estik Electronic Surface Thermometer

July 16, 2015 2:03 pm | by Tempil | Product Releases | Comments

Tempil’s upgraded Estik eliminates the need for supervisors to carry multiple temperature indicators, while increasing the ease and accuracy of jobsite inspections.

Atlas Copco Boosts Q2 Sales, Profit

July 16, 2015 12:55 pm | by Atlas Copco | News | Comments

The sustainable productivity solutions provider credited growth in its service business and favorable currency impact for a healthy sales increase.

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Osborn Relocates Headquarters To Indiana

July 16, 2015 12:22 pm | by Osborn | News | Comments

At its new headquarters, Osborn expects to create more than 30 new jobs and construct a 7,400 square foot addition to its current 180,000 square foot space in late 2015.

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Mini Generator Powered LED Light Tower

July 16, 2015 8:45 am | by Larson Electronics LLC | Product Releases | Comments

The mini LED light tower is an ideal solution for operators who need a fully portable yet easy to operate light system capable of illuminating large areas.

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Anixter To Buy HD Supply's Power Unit For $825 Million

July 16, 2015 8:32 am | by Mike Hockett, Managing Editor | News | Comments

The largest acquisition in Anixter company history, the move significantly expands Anixter's electrical distribution platform and product portfolio.

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NSK Appoints USA Aftermarket Vice President

July 15, 2015 4:43 pm | by NSK Corporation | News | Comments

NSK has named former NSK Aftermarket Business General Manager Reid Jajko to the role.

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Southwire Names New President

July 15, 2015 4:07 pm | by Southwire | News | Comments

Rich Stinson, current Eaton Corporation group president of electrical systems and services, will lead Southwire beginning Oct. 15.

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AIP's Carlstar Group Acquires Marathon Industries

July 15, 2015 3:27 pm | by Carlstar Group | News | Comments

Carlstar, a specialty tire, wheel, and industrial belt provider owned by American Industrial Partners, strengthens its product offering by adding Kent, WA-based Marathon.

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Yellen: First Fed Rate Hike Likely Later This Year

July 15, 2015 3:04 pm | by Martin Crustinger, AP Economics Writer | News | Comments

Many economists believe the Fed's first rate hike will occur in September, but they see at most only two quarter-point moves this year.

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U.S. Wholesale Prices Rise In June

July 15, 2015 2:42 pm | by Josh Boak, AP Economics Writer | News | Comments

The Labor Department said Wednesday that its producer price index increased 0.4 percent in June, while producer prices have fallen 0.7 percent over the past 12 months due to lower oil and gasoline costs.

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Hurco Acquires Milltronics, Takumi Machinery

July 15, 2015 2:03 pm | by Hurco Companies | News | Comments

Hurco says the additions will help expand its global platform  in China and Latin America, and that it plans to continue to market the Hurco, Milltronics, and Takumi branded machine tool products separately.

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Survey: Fastener Customers Reject 3D Printers For Future Supplies

July 15, 2015 1:17 pm | by FMW Fasteners | News | Comments

In a recent study by FMW Fasteners, nearly 60 percent of respondents said they were unlikely or very unlikely to turn to 3D printing as an alternative to purchasing fasteners from specialists.

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Graybar Opens Fort Worth, TX Branch

July 15, 2015 1:04 pm | by Graybar | News | Comments

The branch will act as a sub-branch to support Graybar Dallas and provide additional service to Tarrant County.

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IBC Adds Kurt Manufacturing, Electrix As Preferred Suppliers

July 15, 2015 12:29 pm | by Industrial Buyers Consortium | News | Comments

In Minneapolis-based Kurt Manufacturing and Connecticut-based Electrix, IBC gains a developer of CNC precision machining, gearing, and assembly solutions, as well as a supplier of task, industrial, and architectural lighting fixtures.

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SRS Distribution Announces 3 New Greenfield Locations In UT, PA, AR

July 15, 2015 10:42 am | by SRS Distribution | News | Comments

Added locations in Provo, UT, Pittsburgh, and Little Rock give the building materials distributor 10 new greenfield locations so far in 2015.

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Essendant To Buy Nestor Sales

July 15, 2015 9:45 am | by Essendant | News | Comments

Formerly United Stationers, Essendant adds a Florida-based wholesale distributor of tools, equipment, and supplies to the transportation industry.

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