The IN location will primarily provide inventory management for Tipmont REMC, a member-owned electric cooperative that serves some 21,800 members. The TN location is a newly renovated 20,000-square-foot warehouse to accommodate the needs of electric utilities in the Knoxville area.
BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
Boeing is looking for a place to build the next-generation 777X commercial airplane after machinist union members in Washington state rejected a proposed contract that sought concessions on pensions and health care costs.
Although EGS serves a wide range of markets, its oil, gas and chemical participation has grown to more than half of total sales. EGS sales and earnings will continue to be consolidated in the Industrial Automation segment.
A gloom has been cast over the markets this week by weak retail sales, which imply that Americans are still unsure about economic stability. Though unemployment is falling, it remains high. Home sales and prices have also slowed in what has been an upward climb this year.
Net sales in November of 2013 were $261,269 (Dollar amounts in thousands), up from $253,493 in the same month of 2012. The daily sales were $13,063, up 8.2% from $12,071 in 2012.
Vorwick has been in the industry more than 30 years and has attended NAED conferences since 1991, becoming a member of the council in 2010. He has participated in the Strategic Planning and Disaster Recovery Planning initiatives and is currently a member of the Selling Services Think Tank.
YRC Freight is a leader in 2-5 day LTL (less-than-truckload) shipping with comprehensive service throughout North America. Tractel, Inc. provides material handling and lifting, load measurement, suspended working platforms and fall arrest safety equipment.
The joint venture will combine Johnson Controls' global reach with Hitachi's technology expertise and will include key products such as variable refrigerant flow (VRF) and inverter technologies supporting both the commercial and residential markets.
Patrick Rego has been promoted to the position of Vice President of Technical Services. Doug Barnhart has accepted the position of Vice President of Operations.
The Fed's stimulus has shored up global stock markets over the past few years. So-called "tapering" of that stimulus could work the opposite way, even though it would be predicated on an improving U.S. economic outlook.
The acquisition of Safety Solutions expands Grainger's offerings in Ohio, while the specialty brands divestiture streamlines the company's marketing operations in order to realign the long-term focus.
With this arrangement, AIM will now offer locally made solder paste, bar solder, wire solder, and liquid flux in Brazil, thus further strengthening its global position and expanding in its overall growing global footprint.
The company said Monday that it expects those deals to happen within the next one to two years. Almost 2,000 workers will be affected by the moves. The businesses generate up to $5 billion of total annual revenue.
Amazon.com is working on a way to get packages to customers in 30 minutes or less — via self-guided drone. CEO Jeff Bezos said in a primetime interview that while the octocopters look like something out of science fiction, there's no reason they can't be used as delivery vehicles.
Motion Industries has entered into a definitive agreement whereby Motion Canada has agreed to acquire all of the issued and outstanding common shares of Commercial Solutions Inc. of Edmonton, Alberta. Motion also closed on the acquisition of the assets of Paragon Service & Supply, Inc., headquartered in Lima, OH.
HD Supply Waterworks hired Paul Dreher to lead its fusible piping systems strategy. Dreher will drive the Company’s growth in fusible piping with overall responsibility for its national market presence.
During the quarter the Group generated revenue of £3,470 million, 7.4% ahead of last year and 3.5% ahead on a like-for-like basis. The impact of inflation on Group revenue was negligible. The gross margin of 27.6% was 20 basis points ahead of last year. Operating costs were tightly controlled, particularly where markets are still declining.
The new, combined company will operate under the name Brand Energy & Infrastructure Services and will be a leading, single-source provider of multi-craft industrial services, forming & shoring, and total access solutions to the global energy and infrastructure sectors.
The company was slow to react to the threat from Amazon.com, which has in recent years vastly increased its assortment of products that shoppers can buy online, selling items such as toys at low prices. It also shortened delivery times.