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Grainger Q4 Profit Down, Cuts 2015 Outlook

January 26, 2015 | by Mike Hockett, Associate Editor | Comments

Citing weakening Canadian and Japanese currencies and broader economic softness in Canada, the company lowered its 2015 outlook after a disappointing Q4.                           

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Today in Distribution

The complete daily resource for distribution professionals

ID's Top 5 Of The Week

January 22, 2015 4:32 pm | by Mike Hockett, Associate Editor

While merger & acquisition activity involving Big 50 companies headlined the previous two weeks, this week it was a wealth of thought leadership content that dominated our top items.                 

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Praxair Awarded NASA Supplier Contract

January 22, 2015 12:11 pm | by Praxair

Projected as a $53 million contract over five years, Praxair will supply hydrogen to four NASA sites.                                           

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ISA Index Ends Year On Strong Note

January 22, 2015 10:37 am | by Industrial Supply Association

The ISA Distributor Index rose three points, indicating continued expansion to end 2014.                                               

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Johnson Controls Reports Q1 Sales, Partners With Hitachi, Plans New HQ

January 22, 2015 10:08 am | by Mike Hockett, Associate Editor

Along with healthy sales growth, a report is out that the company plans to build a new 50-story headquarters in downtown Milwaukee.                                  

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Avnet Q2 Earnings Beat Forecasts

January 22, 2015 9:31 am | by Mike Hockett, Associate Editor

Strong growth in Asia powered Avnet's revenue increase, especially in its Electronics Marketing segment.                                         

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Parker Hannifin Elects New CEO, President

January 21, 2015 5:02 pm | by Mike Hockett, Associate Editor

Thomas Williams and Lee Banks, both company operating officers since 2006, move into executive roles effective Feb. 1.                                     

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Sonepar Adds Italy's Gruppo Matel Spa

January 21, 2015 12:27 pm | by Mike Hockett, Associate Editor

The acquisition of the electrical supplier will give Sonepar better coverage of Italy's Northeast region.                                         

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U.S. Home Construction Up In December

January 21, 2015 11:22 am | by Martin Crutsinger, AP Economics Writer

Housing construction topping the 1-million mark for the first time since 2005 adds to signs that the world's largest economy is on solid footing.                              

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Obama Calls for Additional Regulation, Investment In SOTU

January 21, 2015 11:01 am | by Andy Szal, Digital Reporter, Industrial Distribution

The President's address included calls to action on paid sick leave, equal pay for women, lowering taxes on the middle class, and a plan to make community colleges tuition-free.                     

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CRP Industrial Names Supply Partner For Industrial Distributor Co-op

January 21, 2015 9:58 am | by Mike Hockett, Associate Editor

CRP Industrial will provide IDCO members with a full-line of Reinflex brand high-pressure thermoplastic hoses, and Tudertechnica brand specialty fluid transfer hoses.                        

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Wolseley Launches Commercial Vehicle Apprenticeship

January 21, 2015 9:44 am | by Mike Hockett, Associate Editor

The program is part of a Wolseley investment initiative in its drivers, aiming to add training to all existing fleet drivers, along with new apprentices.                           

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Barcoding Inc. Hires Supply Chain Architect

January 20, 2015 3:50 pm | by Barcoding, Inc.

A Six Sigma Black Belt with more than 20 years of experience, Chase Sowden will help Barcoding create and deliver holistic, end-to-end solutions that add value to clients’ supply chains.                   

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All-West Fasteners Announces New President, Internal Promotions

January 20, 2015 12:43 pm | by Industrial Distribution Staff

Two All-West managers have achieved Certified Fastener Specialist designation, while the company also named a new president and vice president of sales.                            

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Eaton Acquires U.K. Safety Tech. Manufacturer Oxalis Group

January 20, 2015 12:14 pm | by Eaton

The addition expands Eaton's offering of electrical products for hazardous area, marine, and industrial communications markets.                                   

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Tech Air Acquires McGinnis Welding Supply

January 20, 2015 9:33 am | by Tech Air

McGinnis is Tech Air's ninth add-on acquisition since CI Capital acquired the company in partnership with Tech Air's management in 2010.                                 

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Collins Pipe & Supply Acquires Power House Supply

January 20, 2015 9:24 am | by Industrial Distribution Staff

The acquisition expands Collins' distribution and engineering services into the largest industrial marketplace in the New England region.                                 

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ID's Top 5 Of The Week (Jan. 12-16)

January 16, 2015 3:24 pm | by Mike Hockett, Associate Editor

The week was highlighted Roll-Kraft's installation of a Fastenal vending system at its headquarters, along with another busy period of M&A activity.                            

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BlackHawk Acquires Packaging Inc.

January 16, 2015 2:38 pm | by BlackHawk Industrial

The acquisition broadens BlackHawk Industrial's geographical footprint and sales penetration in the Minnesota, Wisconsin, and Iowa marketplaces.                               

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Morse Cutting Tools Names New VP

January 16, 2015 1:27 pm | by Industrial Distribution Staff

Mark Higgins joins the team after a 14-year career at Affiliated Distributors' Industrial Supply division.                                         

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We Burn 2.7 Million Gallons A Minute, So Why Is Oil So Cheap?

January 16, 2015 1:10 pm | by Jonathan Fahey, AP Energy Writer

Global consumption has never been higher, yet the price of a barrel of oil has fallen by more than half over the past six months due to an abundant supply. So where did all this oil come from?               

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