The Leading Source for Industrial Distribution News
Grainger Optimistic About Future Performance
November 23, 2010 3:57 am | News | CommentsCHICAGO-- Grainger the leading broad line supplier of maintenance, repair and operating products serving businesses and institutions, held its annual analyst meeting in Lake Forest, Illinois, today. Chairman, President and Chief Executive Officer, Jim Ryan, hosted the event. The meeting also included presentations from several other Grainger leaders.
Fastenal Declares Dividend Of 42 Cents
November 23, 2010 3:55 am | News | CommentsWINONA, Minn. -- The Fastenal Company of Winona, MN reported its Board of Directors declared a special one-time dividend of $0.42 per share to be paid in cash on December 6, 2010 to shareholders of record at the close of business on November 24, 2010. The Company expects to resume its historical practice of paying a semi-annual cash dividend in the foreseeable future, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the Board of Directors.
Air Products Declares Quarterly Dividend Of 49 Cents
November 23, 2010 3:54 am | News | CommentsLEHIGH VALLEY, Pa. -- The Board of Directors of Air Products today declared a quarterly dividend of 49 cents per share of common stock. The dividend is payable on February 14, 2011 to shareholders of record at the close of business on January 3, 2011. Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services.
Breaking Up Over Coffee
November 22, 2010 10:20 am | by Lindsey Coblentz, Associate Editor, | Articles | CommentsBreaking up is hard to do, but both parties involved in a distribution agreement need to retain their dignity and good reputation when dissolving their business relationship. Breaking up is a very delicate art with so many intricate details. There is the venue—do you do it over the phone or in person? If you do it in person, should you do it over dinner, or maybe something shorter like a cup of coffee? The café breakup is often a popular choice.
How To Navigate CPSIA Compliance
November 22, 2010 9:09 am | by Nick Parnaby, Founder and COO, RollStream Inc. | Articles | CommentsWith recent legislation demanding rapid compliance and costly fines for organizations that fail, a new approach for compliance is required – one that could forever change the way we think about exchanging supply chain information. For years, standards bodies have worked to develop common vocabularies to help streamline supply and demand chains.
Help Bearings Run Cooler And Longer
November 22, 2010 8:37 am | Product Releases | CommentsLubrication Engineers (Fort Worth, TX) now offers the Monolex Extend EM grease, electric motor grease with a polyurea thickener. Designed to help bearings run cooler and last longer, the Monolex Extend EM grease is highly resistant to oxidation, protects bearings against rust and corrosion, resists water spray-off, and has a high dropping point.
The Inflation Effect
November 22, 2010 7:53 am | Videos | CommentsWill 2010 be the year of inflation? According to Rob Subbaraman of Nomura, there is little concern over inflation in the United States, but overseas markets need to be greatly concerned -- specifically in Asia. What effects does this have on global economies and global business? Here is a breakdown of "the inflation effect.
Durable And Reliable Bolt Cutter
November 22, 2010 7:50 am | Product Releases | CommentsKnipex (Arlington Heights, IL) offers the CoBolt Compact Bolt Cutter. Forged from oil-hardened chrome vanadium electric steel, this 8-inch hand cutter features precision-matched, induction-hardened cutting edges. Available in a variety of styles, the Compact Bolt cutter cuts through numerous types of items from steel nails and bolts to screws and hard wire.
Stay Connected
November 22, 2010 7:47 am | Product Releases | CommentsRIDGID (Elyria, OH) recently announced the launch of RIDGIDConnect, a subscription-based, online business tool designed for service professionals and contractors who create or use digital information. RIDGIDConnect provides the ability to share and store digital assets.
Cut At High Speed
November 22, 2010 7:45 am | Product Releases | CommentsArbortech (Leominster, MA) introduces new high-performance blades for its AS170 brick and mortar saw. Available in both general purpose and plunge styles, the blades feature a new carbide formula and tooth design. According to the company, the new high-performance blades cut faster than standard blades and allow for increased cutting speeds while providing durability.
Rolls-Royce Gets $1.8B Order From Air China
November 22, 2010 3:37 am | by Jane Wardell, AP Business Writer | News | CommentsLONDON (AP) — Rolls-Royce Group PLC, the manufacturer of the plane engine that blew apart midair on a Qantas superjumbo this month, got some good news on Monday with a $1.8 billion order from Air China — its second major Chinese order in weeks. The London-based company will supply Trent XWB engines for ten of the Chinese carrier's Airbus A350 XWB aircraft and Trent 700 engines for ten Airbus A330 aircraft in a deal worth $1.
TRUMPF Recognizes Gosiger Dayton For Sales Success
November 17, 2010 11:20 am | News | CommentsFARMINGTON, Conn. – The 2010 “Distributor of the Year” honor for TRUMPF’s TruMark sales went to Gosiger Dayton, an Ohio-based company that represents TruMark in the Northern and Southern regions of Ohio, and in Indiana and Florida. The annual award recognizes the distributor that achieves the most sales of TruMark laser marking products in relation to their target goal for that year.
Parker Hannifin Buys Gulf Coast Seal
November 17, 2010 5:13 am | News | CommentsCLEVELAND (AP) — Parker Hannifin Corp. said Tuesday it bought Gulf Coast Seal Ltd., a maker of plastic sealing systems used in offshore oil and gas operations. Terms were not disclosed. Parker Hannifin, which makes pumps and controls for industrial and aerospace manufacturers, said the deal would expand its offerings to the oil and gas industry and add to earnings in the first full year.
Grainger's October Sales Rise 11% Compared To last Year
November 17, 2010 4:32 am | News | CommentsLAKE FOREST, Ill. -- Grainger recently reported sales results for the month of October 2010. Daily sales increased 11 percent versus October 2009. Results for the month included a 1 percentage point contribution from acquisitions and a 1 percentage point contribution from foreign exchange. Excluding acquisitions and foreign exchange, daily sales for the company increased 9 percent.
WESCO International Acquires TVC Communications
November 17, 2010 4:31 am | News | CommentsPITTSBURGH -- Wesco International, Inc., a leading provider of electrical and industrial MRO products, construction materials, and advanced integrated supply procurement outsourcing services, today announced that Wesco Distribution, Inc. has entered into a definitive agreement to acquire TVC Communications, L.
Graybar Sees 11% Increase In Net Sales In 3Q
November 17, 2010 4:27 am | News | CommentsST. LOUIS, MO -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, recently reported third quarter results. The company had a 98 percent increase in net income for the third quarter of 2010 compared to the third quarter of 2009, aided by an 11% increase in net sales.
CAPCORP Acquires Belt Maintenance Group of Texas
November 17, 2010 4:26 am | News | CommentsCAPCORP a division of Purvis Industries of Dallas Texas has announced the acquisition of the assets, brand rights, website, personnel and intellectual property of Belt Maintenance Group of Texas (BMG) from BMG of Tampa Florida. The acquisition consists of the Mt Pleasant, TX and San Antonio, TX locations and became effective November 1, 2010.
Industrial Production Flat In October
November 17, 2010 4:25 am | by Daniel Wagner, AP Business Writer | News | CommentsWASHINGTON (AP) — U.S. factories renewed hopes that they can be an engine of economic growth as they revved up production of big-ticket goods for consumers and businesses in October. Overall production at the nation's factories, mines and utilities was unchanged last month — but that was only because of a sharp drop in utility output due to warmer-than-normal weather, the Federal Reserve reported Tuesday.
I Can't Believe I Got This Jetpack
November 16, 2010 8:31 am | by Anna Wells, Executive Editor, Manufacturing Business Technology | Articles | CommentsRecently, the mainstream media announced the “retirement” of Sony’s cassette Walkman. After 30 years, the world’s first low-cost portable music player would cease manufacturing and distribution. I have to admit, the announcement evoked a quick wave of nostalgia, even though this was a product I never actually owned.
The Value Of A True CRM Tool
November 16, 2010 8:27 am | Articles | CommentsWhat happens when you’re using software to manage contacts and customer interaction notes, but the software doesn’t have follow-up features, the ability to access the information remotely via the Web, and doesn’t allow users to share information in a common database? Perhaps it’s time for a more comprehensive customer relationship management (CRM) tool.
