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Today in Distribution

The complete daily resource for distribution professionals

OSHA Plans To Make Workplace Safety Reports Public

November 8, 2013 9:51 am | by Sam Hananel, Associated Press

Large companies would have to commence filing all workplace injury and illness reports electronically so they can be posted online and made available to the public, under new regulations the government proposed Thursday.          

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Spike In Oct. Unemployment May Not Be So Bad

November 7, 2013 11:36 am | by Christopher S. Rugaber, AP Economics Writer

Economists have all but thrown up their hands trying to forecast Friday's figures or to suggest what they might mean. However the numbers turn out, the distortions mean the monthly jobs data will be less useful in gauging the economy's health than they normally are.

U.S. Economy Grows At Surprising Rate In 3Q

November 7, 2013 11:34 am | by Martin Crutsinger, AP Economincs Writer

The U.S. economy expanded at a 2.8 percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown. But much of the strength came from a buildup in unwanted stockpiles.     

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PwC: Mega Deals Drive Surge In Industrial Manufacturing Deal Value In 3Q

November 7, 2013 11:28 am | by PwC

The strength of industrial manufacturing M&A in the past three months was largely driven by strategic investors in advanced economies and increased mega deal (transactions valued at $1 billion or more) activity, according to PwC US.   

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Kaman Corp. Appoints Chetnani VP and Treasurer

November 7, 2013 11:20 am | by Kaman Corp.

Chetnani succeeds Starr in the Treasurer position and joins Kaman from Quanex Building Products, a $1 billion building products manufacturer with multiple independently-run operating divisions. At Quanex, he was a member of the core leadership team and was heavily involved in the company’s recovery following the industry’s economic downturn.

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Victor Technologies Acquires Gas-Arc Group Ltd

November 7, 2013 11:18 am | by Victor Technologies

Gas-Arc's portfolio includes branded gas control products that meet specialty gas application requirements as well as cutting and welding equipment for the industrial, laboratory, and medical gas control markets. Gas-Arc will continue to operate under its own name.

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PTDA Spring Leaders Conference Builds Executive Leadership Skills

November 7, 2013 11:15 am | by PTDA

The PTDA's Spring Leaders Conference is scheduled for March 2-4 in Las Vegas, NV, and will focus on maximizing leadership potential in order to keep up with the pressures of today’s power transmission/motion control (PT/MC) marketplace.   

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RBC Bearings Net Sales Rise 1.6%

November 7, 2013 11:07 am | by RBC Bearings Incorporated

Net sales for the second quarter of fiscal 2014 were $102.0 million, an increase of 1.6% from $100.4 million in the second quarter of fiscal 2013. The increase in net sales was mainly the result of a 15.2% increase in aerospace and defense driven by commercial aircraft build rates, the aerospace aftermarket, and the inclusion of WPA.

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Measure Of U.S. Economy's Health Rises 0.7%

November 6, 2013 10:58 am | by Martin Crutsinger, AP Economincs Writer

A gauge of the U.S. economy's future health rose solidly in September, suggesting the economy was making gains before the government shut down for 16 days.                

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Signature Group Holdings Sees Operating Loss, Expands Footprint

November 6, 2013 10:55 am | by Signature Group Holdings

The company's industrial supply business continued to expand its geographic footprint with the opening of two new warehouse locations during the quarter - Charlotte, NC and Birmingham, AL. The company also opened its first warehouse location outside of the U.S. on November 1st in Toronto, Canada.

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Fastenal Manufacturing Announces Sponsorship Of Olympian Noelle Pikus-Pace

November 6, 2013 10:45 am | by Fastenal

As part of the sponsorship, Fastenal Manufacturing produced Pikus-Pace’s Olympic skeleton sled, which was designed by her husband, Janson Pace. This is the second of two sleds machined by Fastenal Manufacturing for Pikus-Pace.    

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Yaskawa Signs First U.S. Medium Voltage Drive Distributor

November 6, 2013 10:41 am | by Yaskawa

DRV, a highly respected Yaskawa low voltage drive and motion control distributor over the past ten years, will now partner with Yaskawa to promote the company’s new MV1000 medium voltage drive.              

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Apache Inc. Marks 50th Anniversary & Celebrates Employee Ownership Month

November 6, 2013 10:36 am

Founded in 1963, Apache began with the vision of Bob South, who saw an opportunity for a Midwestern company that aspired to be more than a distributor of industrial hose and belting. He saw a thriving operation that could supply vital parts to both industry and agriculture.

Intermodal Growth Extends Across All Markets; Trailers and ISO Containers Return To Positive Growth

November 6, 2013 10:34 am | by IANA

Domestic container volume continued to lead intermodal growth, posting a year-over-year increase of 9.4%, and combined with a 1.2% boost in intermodal trailer volume for the same period, all domestic equipment experienced 7.6% year-over-year gains during the third quarter of 2013.

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HD Supply Net Sales Rise Over 6% In August, September, & October

November 6, 2013 10:22 am | by HD Supply, Inc.

"Our preliminary estimate for third quarter sales reflects solid execution in the midst of market uncertainties," said Joe DeAngelo, CEO of HD Supply. "Our sales growth continues to outpace our estimates of market growth, despite continued sluggishness in non-residential, increased softness in utility, and increased uncertainty in municipal end-markets."

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EU Expects Weak Recovery To Leave Joblessness High

November 5, 2013 10:37 am | by Juergen Baetz, Associated Press

The Commission, the EU's executive arm, said rising business confidence and strengthening domestic demand are expected to underpin the recovery as governments also slow the pace of austerity measures such as spending cuts and tax increases.   

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Registration Opens For 2014 NAED Western Region Conference

November 5, 2013 10:33 am | by NAED

Western Region Vice President David Maxwell, California district vice president for Graybar, will lead this year’s event with the theme of “Be the Change.”                

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Graybar 3Q Sales Increase 7%

November 5, 2013 10:23 am | by Graybar

Net income for the first nine months of the year decreased 26.1% compared to 2012, primarily due to gains from the sale of company properties in the second quarter of last year.             

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Summit Electric Supply Acquires Central Electrical Supply

November 5, 2013 10:21 am | by Summit Electric Supply

Central is a wholesale distributor, and fellow Imark member, that’s served electrical professionals in the Bryan/College Station market for 42 years. The location will continue to operate as Central Electrical Supply as systems and operations transition to Summit.

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Fastenal October Sales Up 7.7% Year-Over-Year

November 5, 2013 10:18 am | by Fastenal Company

Net sales in October of 2013 were $310,892 (Dollar amounts in thousands), up from $288,540 in the same month of 2012. The daily sales were $13,517, also up 7.7% from $12,545 in 2012.           

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