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The complete daily resource for distribution professionals

Ford Plans 23 New Cars, 11,000 New Jobs In 2014

December 13, 2013 10:15 am | by Dee-Ann Durbin, AP Auto Writer

Hinrichs said 2014 will be the busiest product year in Ford's 111-year history, with 23 new vehicles being introduced around the world. Of those, 16 will be sold in the U.S., including a new Mustang sports car, Transit Connect van, and Lincoln MKC small utility.


B&D Industrial Announces New Division: B&D Technologies

December 13, 2013 9:57 am | by B&D Industrial

The division was created from the merger of two former divisions, Bearings and Drives and Simco Technologies. The formerly named Bearings and Drives division was the company’s legacy division serving industry since 1947, and represents over 300 manufacturers of a large array of products.


Crescent Electric Supply Moves St. Louis Distribution Center

December 12, 2013 4:15 pm | by Crescent Electric Supply

The larger, 23,337-square-foot facility offers increased inventory for same-day pickup and delivery, convenient access, and more.                     


NPB Named Distributor Of McGill and Rollway Aerospace & Specialty Bearings

December 12, 2013 4:13 pm | by Emerson

The company will focus on providing custom-made bearings to OEMs that supply pumps, gearboxes, rotors, generators, and other components to the aerospace and defense industries, among others.          


Stanley Black & Decker Provides 2014 Outlook; Expects ~4% Organic Growth

December 12, 2013 9:51 am | by Stanley Black & Decker

Stanley Black & Decker’s Chairman and CEO, John F. Lundgren, commented, “We made significant progress driving organic growth during 2013 and expect momentum to continue during 2014. The investments we made this year will help us achieve overall organic growth of approximately 4% in 2014 driven by year over year gains within the majority of our businesses despite a persistent low growth macro environment."


U.S. Unemployment Aid Applications Surge To 368,000

December 12, 2013 9:51 am | by Josh Boak, AP Economics Writer

The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year. The surge in first-time applications could be a troubling sign if it lasts. But it likely reflects the difficulty adjusting for delays after the Thanksgiving holiday.


Grainger November Sales Increase 7%

December 12, 2013 9:28 am | by W.W. Grainger, Inc.

Daily sales increased 5% versus November 2012. Results for the month included 4% points from acquisitions and a 2 percentage points decline from unfavorable foreign exchange.               


U.S. Cutting Tool Consumption Up 13.1% In October

December 11, 2013 3:59 pm | by AMT & USCTI

October U.S. cutting tool consumption totaled $176 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology, up 13.1% from September’s total but down 5.8% from October 2012.       


Airgas To Expand Atmospheric Gas Production Capacity In New England

December 11, 2013 3:53 pm | by Airgas, Inc.

The company will build a second air separation unit (ASU) in Bozrah, CT in order to meet the expected increase in demand for merchant gases across its diverse customer base in the region.           


Honeywell Announces Major Investments To Increase HFO-1234yf Production In U.S.

December 11, 2013 3:50 pm

Honeywell announced investments of approximately $300 million will be made by the company and key suppliers to increase production capacity for HFO-1234yf, a new refrigerant for automobiles with a global-warming potential of less than 1.


MAPI Economic Forecast: Moderate Growth From A Deep Recession

December 11, 2013 3:33 pm | by MAPI: Manufacturers Alliance for Productivity and Innovation

The Manufacturers Alliance for Productivity and Innovation (MAPI) Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product will expand 2.6% in 2014 and 3.2% in 2015, the former down from 2.8% and the latter down from 3.4% from MAPI’s September 2013 report.


Union County College Schedules 'Manufacturing Skills Day'

December 11, 2013 10:07 am | by Union County College

“We are inviting all local manufacturers, state workforce professionals, and local organizations concerned about the industrial skills shortage in our area,” states Dr. Lisa Hiscano, Union’s Director of Continuing and Professional Education. “Union County College is very excited about these new capabilities and we look forward to introducing the programs to those most impacted by the manufacturing skills shortage.”


GOP, Obama Line Up Behind Modest Budget Deal

December 11, 2013 9:50 am | by Andrew Taylor, Associated Press

The deal to ease those cuts for two years is aimed less at chipping away at the nation's $17 trillion national debt than it is at trying to help a dysfunctional Capitol stop lurching from crisis to crisis.           


Pay Gains For Young Women; Inequality Still Seen

December 11, 2013 9:48 am | by Hope Yen, Associated Press

About 75% of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds, despite a narrowing pay gap and steady employment gains for women at higher levels of business and government.    


Graybar Moves Madison, WI Branch To Larger Facility

December 11, 2013 9:28 am | by Graybar

The new 30,000 sq. ft. facility will offer increased inventory for same-day pickup and delivery, convenient access, and project staging, kitting, and customizable consolidated packaging capabilities.                 


"Internet Of Things" Licensing Agreement Launched Between ioBridge & Schneider Electric

December 11, 2013 9:20 am | by ioBridge, Inc.

ioBridge, which helps companies simply and cost-effectively connect products to the web, sees the agreement as a major step for the "Internet of Things" - networked connections among people, products, and data-market as a whole.         


One Step Closer To Clean Coal?

December 11, 2013 9:15 am | by GSE Systems, Inc.

GSE Systems, Inc. is currently working on Phase II of a multi-phase project to supply an engineering simulator for the first-of-a-kind power plant design, FutureGen 2.0 project. The FutureGen 2.0 will be a near-zero emissions coal-fueled power plant using oxy-combustion technology.


KMG Chemicals 1Q Net Sales Up 43.3%

December 11, 2013 9:11 am | by KMG Metals

Net sales were $93.6 million, an increase of 43.3% from the comparable quarter in fiscal 2013. The sales increase reflected the addition of OM Group’s Ultra Pure Chemicals (UPC) business, acquired in May 2013.              


U.S. Wholesale Stockpiles Grow 1.4% In October

December 10, 2013 11:23 am | by Martin Crutsigner, AP Economics Writer

Wholesale stockpiles grew 1.4% in October, the Commerce Department reported Tuesday. That's nearly triple the 0.5% gain in September. Sales at the wholesale level increased 1 percent in October after a 0.8% gain in September.        


Honeywell To Build New Plant In Geismar, LA

December 10, 2013 11:01 am | by The Associated Press

The plant, whose size has not been determined, is part of $300 million the company and key suppliers are investing to increase production of HFO-1234yf, a new refrigerant for automobiles with a global-warming potential of less than 1.   



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