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Today in Distribution

The complete daily resource for distribution professionals

Strong Communication Between CFO & Supply Chain Produces Stronger Results

October 22, 2013 10:32 am | by Ernst & Young

Of those participating in more engaged relationships, 48% report EBITDA growth increases of more than 5% in their company over the past year, compared with just 22% of those with a more traditional relationship.       

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Anixter OEM Sales Up 9.3% In 3Q

October 22, 2013 10:21 am | by Anixter International, Inc.

OEM Supply sales of $224.7 million increased by 9.3% from the prior year quarter, reflecting the ramp up of a contract in Europe and an improvement in North America heavy truck production levels versus the downturn in the same quarter of last year.

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China's Economic Growth Rebounds To 7.8%

October 21, 2013 10:43 am | by Joe McDonald, AP Business Writer

The world's second-largest economy grew by 7.8% over a year earlier in the three months ending in September, boosted by higher government spending, data showed Friday. That was up from a two-decade low of 7.5% the previous quarter.    

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ERIKS Acquires Leader Global Technologies

October 21, 2013 10:40 am | by ERIKS

Leader Global Technologies is a manufacturer and provider of spiral wound and metal gaskets for a variety of industrial applications worldwide and is headquartered in Houston, TX.                     

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PTDA 2013 Summit Provided A Support Net

October 21, 2013 10:37 am | by PTDA

Over 530 power transmission and motion control industry representatives from nearly 230 PTDA member companies attended the PTDA 2013 Industry Summit. Top executives convened on October 3-5, 2013 in Palm Desert, CA.           

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IDS Industries To Acquire Charge! Energy Storage

October 21, 2013 10:32 am | by IDS Industries, Inc.

Charge! Energy Storage, formerly known as Installing Dealer Supply, Inc., is a California manufacturer and distributor based in Lake Elsinore, CA with a 24-year history in the construction materials business.             

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Carlisle Selling Transportation Unit For $375M

October 21, 2013 10:27 am | by AP

Carlisle Transportation Products makes and distributes bias-ply and radial tires, stamped and roll-formed steel wheels, and tire and wheel assemblies to non-automotive customers.            

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Survey: U.S. Economists Upbeat On Economic Growth

October 21, 2013 10:21 am | by AP

Despite uncertainty in Washington and rising oil prices and interest rates, companies are upbeat on the prospects for economic growth in the next year, according to a quarterly survey of business economists.          

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Honeywell Reports 3% Sales Increase In 3Q

October 18, 2013 10:10 am

CEO Dave Cote commented: "Looking ahead to 2014, we are planning for a continued slow growth macro environment, but see a path to strong earnings growth driven by our relentless seed planting in new products and technologies, continued penetration of high growth regions, and growing traction on key process initiatives."

Ingersoll Rand Revenue Up 4%

October 18, 2013 10:01 am | by Ingersoll Rand

The company’s reported revenues increased by 4% to $3,749 million, compared with revenues of $3,593 million for the 2012 third quarter. Total U.S. revenues were up by 5% compared to 2012, and revenues from international operations increased by 3%.

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Federal Shutdown Affected U.S. In Ways Unseen

October 18, 2013 9:57 am | by Don Babwin, Associated Press

So how did the shutdown alter our daily routines? Here's a look at a day in the life of the 2013 government shutdown.                       

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Parker Reports 5% Increase In Orders

October 18, 2013 9:53 am | by Parker

CEO Washkewicz comments: "We are increasing our fiscal 2014 guidance to reflect higher than anticipated earnings in the first quarter and a larger than expected gain related to the GE Aviation joint venture, which will be recorded in our second quarter."

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Schlumberger Oilfield Services Up 11% Year-Over-Year

October 18, 2013 9:47 am | by Schlumberger

Results were led by North America with a new high in overall revenue, supported by solid offshore activity and the seasonal rebound of activity in Western Canada. US land operations showed impressive resilience through improved efficiency, new technology penetration, and market share gains in a highly competitive market with largely constant rig count.

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GE Revenue, Profit Slip In 3Q

October 18, 2013 9:44 am | by GE

General Electric says net income fell 9% in the third quarter as the company struggles to increase profit after shedding media and banking assets. The company said orders rose 19% in the quarter.          

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Praxair Starts Up Air Separation Plant In Brazil

October 18, 2013 9:41 am | by Praxair, Inc.

Under a long-term contract, Praxair’s new plant will supply industrial gases to ArcelorMittal, a leading integrated steel and mining company. The energy-efficient air separation plant will enable ArcelorMittal to serve customers across all major steel-consuming industries, including automotive, mining, construction, and household appliances and packaging.

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Genuine Parts Company Sales Up 9% In 3Q

October 18, 2013 9:39 am | by Genuine Parts Company

Sales totaling $3.69 billion were up 9% compared to the third quarter of 2012. Net income for the quarter was $173.7 million, up slightly from $172.9 million recorded in the same period of the previous year.        

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EU, Canada Reach Landmark Free Trade Deal

October 18, 2013 9:37 am | by Juergen Baetz, Associated Press

The agreement would make it easier for Canadian companies to invest in and sell to the 28-member EU and its 500 million consumers, and vice versa. The deal will lower tariffs, streamline regulation, and cut red tape that hampers trade.    

GE Launches 14 New Industrial Internet Predictivity Technologies

October 17, 2013 10:36 am | by GE

Industrial Internet Predictivity technologies will enable global industries to achieve outcomes such as minimal unplanned downtime, increased productivity, preventive maintenance, lower fuel costs, and reduced emissions.           

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Camfil Names Magnus Yngen President & CEO

October 17, 2013 10:21 am | by Camfil Farr

Yngen has been a member of the Camfil board for the last year and brings to his new position a solid international business background from several industries. Prior to joining Camfil, he worked for the Electrolux Group, with management responsibility for its European operations, and was later appointed CEO of the Husqvarna Group.

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Deal Lifts Markets But Does Little For U.S. Economy

October 17, 2013 10:15 am | by Christopher S. Rugaber, AP Economics Writer

The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession. Yet the temporary nature of the deal means a cloud will remain over a sluggish U.S. economy that was further slowed by the government's partial shutdown.

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