The company said that nearly half of its sales are now generated online and it is working aggressively to cut costs and become more efficient. It aims to close up to 225 North American stores as part of a plan to save about $500 million by the end of 2015.
Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble. And with Washington providing more clarity on government spending plans, CEOs are more confident their expansion hopes will pan out — especially if the economy keeps growing.
Power management company Eaton and the Independent Electrical Contractors announced results from a joint survey of IEC members that validates the importance of educational campaigns focusing on the dangers and prevalence of counterfeit electrical products.
“We’re pleased the President is emphasizing much-needed infrastructure investment and project delivery streamlining, but he’s once again missed the opportunity to provide bold leadership and propose the new user fees everyone agrees are necessary to reestablish the federal Highway Trust Fund’s long-term fiscal integrity," says AED's President.
The 10,000 square foot facility will provide value added services to customers in the Niobrara Shale Play in Northeastern CO. Value added services include the ability to crimp 10” hose, hose kitting, vendor managed inventories, custom fabrication of hose and a wide variety of industrial and oilfield products.
There will now be two separate regions within the Company's North Division - a redefined North Central region, headquartered in Appleton, WI, and a new Midwest region, headquartered in the Chicagoland area.
“The impact of extreme weather shows up this month mostly in production, which is down 6.6 and that looks very unusual in view of solid new orders, and a backlog of orders which is growing,” says ISM chair Bradley Holcomb.
Net sales in February of 2014 were $274,524 (Dollar amounts in thousands), up from $254,861 in the same month of 2013. The daily sales were $13,726, up 7.7% from $12,743 in 2013.
The trailer itself is made of carbon fiber and boasts to be 20% more aerodynamic than current trucks on the market.
For the year ended December 31, 2013, DXP reported a sales increase of $144.4 million, or 13.2% to approximately $1,241.5 million from $1,097.1 million for 2012.
Hutton brings 43 years of diverse industry experience to the interim position, having managed associations for over 25 years, including a prior position at ISA.
After growing in 2010 and 2011, world machine tool consumption has contracted for two consecutive years. However, based on several leading indicators, world consumption in 2014 should reach approximately $58,300 million, an increase of 6.2%.
According to a recent PwC report, industrial manufacturing (IM) CEOs are more optimistic this year compared to last, but energy costs are still a question mark.
Abilene, TX-based McCarty Equipment Company has acquired the assets and operations of the Bakersfield, CA location of Alternative Hose.
Since the beginning of its fiscal year, Airgas has acquired 11 businesses with aggregate annual revenues of nearly $82 million.
U.S. manufacturing expanded more quickly last month as companies received more orders and boosted their stockpiles. But a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.
Over the past five years, used commercial vehicle registrations have outperformed new commercial vehicle registrations, even while used registrations have declined from their peak.
Texas Rubber, with locations in Dallas and Ft. Worth, will become part of the growing Singer presence in the state of Texas and will operate along with their National Hose and Accessory affiliate headquartered in Houston managed by Mike Johnson, VP/General Manager.
Unified designs, manufacturers, and markets overhead light rail workstations primarily used in automotive and other industrial applications.
Monthly trade data show the value of crude and petroleum products net imports was roughly equal to the value of electronics net imports in November 2013, and close to the value of net imports of both machinery and vehicles and parts.