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Motion Industries, EIS Post Q1 Financials

April 21, 2015 | by Mike Hockett, Associate Editor | Comments

Both Motion Industries and EIS had modest year-over-year sales increases, while Motion Industries posted a solid profit gain.

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Today in Distribution

The complete daily resource for distribution professionals

Top U.S. Exports Still Generate $67B Trade Deficit

April 21, 2015 12:28 pm | by Andy Szal, Digital Reporter

Analysis shows that the country's top 30 export categories combined for a trade deficit of more than $67 billion in 2013.

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SupplyCore Secures $1 Billion In New Business

April 20, 2015 3:27 pm | by SupplyCore

A $225 million defense contract announced earlier this month pushes SupplyCore's guaranteed MRO supply business over the $1 billion mark over the next 5 years.

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Continued Growth For ISA Distributors In March

April 20, 2015 12:28 pm | by Industrial Supply Association

Ahead of ISA's annual convention April 25-27 in Cleveland, its Distributor Index showed a third straight month of growth, while the Manufacturing Index slipped.

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Abrasive Power Tools Deal: Dynabrade Acquires National Detroit

April 20, 2015 12:16 pm | by Mike Hockett, Associate Editor

The deal is to strengthen Dynablade's product line of abrasive power tools for global distribution.

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Shiloh Industries Announces Planned Aluminum Casting Plant In China

April 20, 2015 11:30 am | by Shiloh Industries

The plant will manufacture the company's family of aluminum CastLight products, utilizing Shiloh's high-pressure die casting and proprietary squeeze casting expertise. 

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US LBM Holdings Up For Sale

April 20, 2015 9:40 am | by Mike Hockett, Associate Editor

More big news comes out of the building materials market following last week's announcement of Builders FirstSource purchasing ProBuild.

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IBC Advanced Alloys Receives $1.3M Order From Asian Precision Mfg. Multinational

April 20, 2015 9:18 am | by IBC Advanced Alloys

Choosing to have its identity remain undisclosed, IBC's new customer has contracted for specialized engineered copper alloy products to improve their production line efficiency, operating margins, and yields.

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SKF Names New CFO As Q1 Sales Jump, Profit Falls

April 17, 2015 1:15 pm | by Mike Hockett, Associate Editor

The Swedish bearing manufacturer had a sales increase in all three of its business areas, while Christian Johansson takes over an executive role.

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Lawmakers Announce Trade Authority Deal

April 17, 2015 12:00 pm | by Andy Szal, Digital Reporter

The policy, known as Trade Promotion Authority, allows Congress to establish priorities for trade talks but prevents lawmakers from altering agreed-upon deals when they come up for approval votes.

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Anixter Debuts Levels For Industrial Environments

April 17, 2015 10:05 am | by Anixter

The program builds on the history around the original Anixter Levels program for twisted-pair cabling by simplifying the selection of the correct products in a market where there is a void in adopted standards.

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United Stationers Appoints New COO, CIO

April 17, 2015 9:57 am | by Mike Hockett, Associate Editor

Ahead of the company's June rebranding as Essendant, both the new COO and CIO have been with the company at least nine years.

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Graybar Names VP Of Strategic Accounts

April 17, 2015 9:41 am | by Graybar

In her new assignment, Tammy Livers will lead Graybar’s strategic accounts organization, which focuses on business development, service, and support for large, multi-site, and global customers.

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Minimum Wage Campaigns Meet Resistance From Some Union Members

April 16, 2015 3:49 pm | by Andy Szal, Digital Reporter

Recent reports, however, suggested the unions that helped bankroll the ongoing wage campaign may be turning away from efforts to organize union elections for low-wage workers.

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Verizon Releases 2015 Data Breach Investigation Report

April 16, 2015 1:07 pm | by Verizon

According to this year’s report, the bulk of the cyberattacks (70 percent) use a combination of both sophisticated and old techniques and involve a secondary victim, adding complexity to a breach.

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Global Power Technologies Signs Distribution Deal With Digi-Key

April 16, 2015 12:50 pm | by Digi-Key Electronics

As part of the agreement, GPTG’s product line of silicon carbide semiconductors will be extended to Digi-Key’s global customer base of 550,000 design engineers.

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Wearables Gaining Popularity In Business

April 16, 2015 12:19 pm | by Megan Crouse, Digital Reporter

Along with industrial warehouses already testing and implementing smart glasses, other wearable technology like smartwatches and fitness bands are making their way into plant floors as well.

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Manufacturing Groups Call For Corporate Tax Overhaul

April 16, 2015 12:12 pm | by Andy Szal, Digital Reporter

The National Association of Manufacturers and the MAPI Foundation argue that exempting their companies' foreign earnings from corporate taxes would allow corporations to return them to U.S. shores.

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Grainger Cuts Outlook After Q1 Profit Decrease

April 16, 2015 11:10 am | by Mike Hockett, Associate Editor

Along with a disappointing quarterly earnings report, Grainger announced plans to extensively hire more sales reps and buy back $1 billion of stock in 2015.

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WestAir Names New CFO

April 16, 2015 10:20 am | by Mike Hockett, Associate Editor

Tim Van Linge takes over the leadership position for the U.S. southwest independent distributor of industrial gases and equipment.

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Horizon Solutions Announces Leadership Change

April 16, 2015 10:07 am | by Horizon Solutions

The CEO/president transition represents next step in the execution of Horizon’s long-term strategic plan, with internal promotions setting the stage for streamlined growth. 

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