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Today in Distribution

The complete daily resource for distribution professionals

Grainger April Sales Up 5%

May 13, 2014 9:36 am | by W.W. Grainger, Inc.

Sales increased 5% versus April 2013. Results for the month included 1 percentage point from acquisitions, net of dispositions, and a 1 percentage point decline from unfavorable foreign exchange.              

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President To China: Get Used To Slower Growth

May 12, 2014 12:33 pm | by The Associated Press

"We must boost our confidence, adapt to the new normal condition based on the characteristics of China's economic growth in the current phase and stay cool-minded," China's President Xi Jinping said, according to the official Xinhua News Agency.

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Manufacturing Technology Orders Rise In March

May 12, 2014 10:13 am | by AMT - The Association For Manufacturing Technology

March U.S. manufacturing technology orders totaled $492.78 million according to AMT. This total was up 38.5% from February and up 2.9% when compared with the total of $479.04 million reported for March 2013.       

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United Electric Supply Company Acquires County Electric

May 12, 2014 10:09 am | by Abbigail Kriebs, Associate Editor

United Electric Supply Company announced the purchase of County Electric and its subsidiaries, ESCO and I/O in Pennsylvania and Fairlite Electric in New Jersey.                 

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Milliken Acquires FR Fabric Maker Westex

May 12, 2014 9:59 am | by Milliken

“We look forward to welcoming the Westex team to Milliken & Company,” said Jeff Price, president, specialty fabrics division, Milliken & Company. “As we look to the future, we are committed to changing the experience for industrial workers with FR innovations that further improve comfort and productivity.” 

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Amazon Adds 15 Cities To Sunday Delivery Service

May 12, 2014 9:44 am | by Mae Anderson, AP Retail Writer

Sunday delivery is available to all Amazon customers for no extra charge. If it is available in a customers' region, notice of the service will appear at checkout.                

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VEC Supply Opens New Branch To Serve Richmond Market

May 9, 2014 4:15 pm | by VEC, LLC

Headquartered in Charlottesville, VA, VEC will now have six full service locations: Charlottesville, Lynchburg, Roanoke, Raleigh, Kernersville, and Ashland.                 

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House Votes To Make R&D Tax Credit Permanent

May 9, 2014 3:58 pm | by Stephen Ohlemacher, Associated Press

The House voted Friday to make permanent a tax credit that rewards businesses for investing in research and development, adding $156 billion to the budget deficit over the next decade.               

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MAPI: Public Policy Uncertainty Plays Role In Restraining Business Investment And Economic Growth

May 9, 2014 3:53 pm | by MAPI: Manufacturers Alliance for Productivity and Innovation

Public policy uncertainty can cause economic distress, make businesses pull back on investment, and have adverse effects on job creation, according to a new report from the Manufacturers Alliance for Productivity and Innovation (MAPI).   

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German Exports, Imports Drop In March

May 9, 2014 10:29 am | by The Associated Press

Germany's trade surplus narrowed in March as a drop in exports from Europe's largest economy outpaced a drop in imports.                       

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Stocks Drift Lower As Corporate Earnings Wind Down

May 9, 2014 10:25 am | by The Associated Press

The Dow Jones industrial average slipped 44 points, or 0.3%, to 16,505 in the first few minutes of trading Friday.                           

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U.S. Wholesale Stockpiles Rise 1.1% In March

May 9, 2014 10:24 am | by Martin Crutsinger, AP Economics Writer

U.S. wholesale businesses increased their stockpiles in March by the largest amount in five months while sales increased at the fastest clip in 10 months.                 

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Alibaba Expands Beyond E-Commerce

May 9, 2014 10:21 am | by Kelvin Chan, AP Business Writer

China's Alibaba Group, which is readying for a big U.S. initial public offering, is known as an e-commerce titan, but it's been busily expanding into other rising industries. Here's a closer look at those businesses, which include cloud computing, mobile messaging, and investments in online video, social media, as well as bricks and mortar retail and delivery networks.

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Ironclad Performance Wear Sales Down In 1Q; Company Adds Two Executives

May 9, 2014 10:16 am | by Ironclad Performance Wear Corporation

William (Bill) Aisenberg has joined the Company as its EVP and CFO, and, Scott Furash has joined the Company as VP of Global Sourcing. The company also reported Net Sales for the first quarter of 2014 of $5.1 million, a decrease of 4.5% from the first quarter total of $5.3 million for 2013.

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Beacon Roofing Supply 2Q Sales Down 7.5%, Winter Weather To Blame

May 9, 2014 10:09 am | by Beacon Roofing Supply

Paul Isabella, the company’s President and CEO, stated: “Severe winter weather that ranked among the 10 coldest on record in many states across the upper Midwest to the Southeast had a significant impact on our results this quarter."   

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Signature Group Holdings Rebounds From $2.8M Net Loss In 1Q 2013

May 9, 2014 9:59 am | by Signature Group Holdings

"Our company reported a second consecutive profitable quarter," stated Signature's Chairman and CEO Craig Bouchard. "With our corporate cost structure now aligned with our current operating size, we are focused on the future."        

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Graybar Reports Record First Quarter Results

May 8, 2014 4:33 pm | by Graybar

Net income for the quarter was $11.3 million, a 42.5% increase from the first quarter of 2013.                                         

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Applications For Unemployment Aid Fall To 319K

May 8, 2014 11:55 am | by Christopher S. Rugaber, AP Economics Writer

The drop follows two weeks of increases that reflected mostly temporary layoffs around the Easter holiday. The holiday can cause an uptick in layoffs of bus drivers, cafeteria workers and other school workers during spring break.     

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Hopes For Keystone XL Vote Fade

May 8, 2014 10:42 am | by Matthew Daly, Associated Press

Senate Majority Leader Harry Reid, D-Nev., used a parliamentary maneuver to block a bid by pipeline supporters to include the pipeline measure in an energy efficiency bill moving forward in the Senate. Republicans also were seeking an amendment to prevent the Environmental Protection Agency from imposing new greenhouse gas regulations on coal-burning power plants.

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Personal Robots & New Business Models Emerge As New Mega Trends

May 8, 2014 10:36 am | by Frost & Sullivan

In this latest analysis, Frost & Sullivan details 12 new mega trends that will drive growth and innovation in the world. “We at the Visionary Innovation team scout and track new Mega Trends that will transform the world as we know it,” said Archana Amarnath, Programme Manager, Visionary Innovation Research Group.

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