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Motion Sales Up 4% In 1Q

April 22, 2014 | by General Parts Company/Motion Industries | Comments

CEO Gallagher stated, "Automotive sales remained the strongest among our segments, up 23% and driven by a 17% contribution from the GPC Asia Pacific acquisition and underline growth of approximately 7%. Sales at Motion Industries, our Industrial Group, were up 4% and include 3% from acquisitions less a 1% translation effect."

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Today in Distribution

The complete daily resource for distribution professionals

2013 Big 50 List

September 1, 2014 2:46 pm | by Industrial Distribution Staff

The Big 50 list highlights a group of companies who are aggressive and progressive. This year's list shows a significant amount of revenue growth, more than typical amounts of consolidation, and even a notably absent name (Barnes Distribution, now a part of MSC). It’s a tough marketplace, and the strong survive and thrive. If anything in these pages inspires confidence, we hope it’s the leadership of an industry that refuses to slow down.


Olympus Partners To Acquire Pregis Corp. North America

April 22, 2014 11:02 am | by Olympus Partners

In North America, Pregis operates 14 facilities producing a variety of protective packaging products and value added system solutions. Pregis partners with industrial and packaging distributors, fabricators, and specialty suppliers to deliver customer-driven solutions to a wide variety of end use markets.


Evergreen Marketing Group Recognizes Suppliers Of The Year

April 22, 2014 10:57 am | by The Evergreen Marketing Group

The awards were created to recognize the top distributors and manufacturers based on multiple criteria. Distributors and manufacturers were first divided into three tiers based on size. Within each tier, the distributors and manufacturers were then ranked based on a number of criteria including: contribution to the group, growth, participation, and member and supplier input.


Transport & Logistics Company Werner Enterprises Revenue Remains Flat In 1Q

April 22, 2014 10:48 am | by Werner Enterprises, Inc.

While first quarter 2014 freight demand showed the strongest first quarter performance in 10 years, several factors - including fluctuating fuel prices and severe weather - contributed to a somewhat unstable marketpace in the first quarter.    


U.S. Rules Against Turkey, Mexico In Steel Dispute

April 22, 2014 10:31 am | by Hope Yen, Associated Press

President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey unfairly undercuts U.S. prices.   


Fiat And Chrysler Building 3 Jeep Models In China

April 22, 2014 10:23 am | by The Associated Press

Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind their competitors.  

GM To Boost China Production Capacity To 5M

April 21, 2014 11:32 am | by The Associated Press

The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million.                


Higher Costs Pressured Businesses In 1Q

April 21, 2014 11:09 am | by The Associated Press

During the first quarter of the year, 31% of businesses surveyed reported higher material costs, more than double the 15% that saw costs rise in the previous survey.                


Study Says Fuels From Corn Waste Not Better Than Gas

April 21, 2014 11:07 am | by Dina Cappiello, Associated Press

Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change.


Gauge Of U.S. Economy Up For 3rd Straight Month

April 21, 2014 11:04 am | by Josh Boak, AP Economics Writer

The Conference Board said Monday that its index of leading indicators increased 0.8% in March after a 0.5% rise in February and modest 0.2% gain in January. It was the best showing since a 0.9% gain in November.        


Schlumberger 1Q Results Are Mixed; Severe Weather Affected Operations

April 21, 2014 10:57 am | by Schlumberger

Schlumberger CEO Paal Kibsgaard commented, “Growing new technology sales and expanding integration activity drove our first-quarter results despite the severe winter weather that impacted operations in Russia, China, and North America."   


Danaher Announces Record 1Q, New President & CEO

April 21, 2014 10:50 am | by Danaher Corporation

Danaher Corporation announced that Executive Vice President Thomas P. Joyce, Jr. will succeed H. Lawrence Culp, Jr. as President and Chief Executive Officer upon Culp's retirement on March 1, 2015. Culp will continue at Danaher in an advisory role into the first quarter of 2016.


PPG Net Sales Up 17% In 1Q

April 21, 2014 10:41 am | by PPG

As of the first quarter 2014, PPG has adopted a new reportable-segment structure. The three reportable segments and respective businesses for each will be performance coatings, industrial coatings, and glass.             


Green Automotive Company Acquires Blackhawk Manufacturing Inc.

April 21, 2014 10:36 am | by Green Automotive Company

Blackhawk is a manufacturer of specialist composite materials with facilities in Bloomington, CA and Tijuana, Mexico and is generating sales of circa $4.25m per annum and a profit of approximately $407K per annum according Blackhawk’s financial records.


Tennant Company 1Q Sales Rise 9.5%

April 21, 2014 10:30 am | by Tennant Company

Commented Chris Killingstad, Tennant Company's president and chief executive officer: “We are pleased to report record revenues for the first quarter and double-digit organic growth, with higher sales across all of our geographies."    


Unemployment Rates Fall In 21 States

April 21, 2014 10:28 am | by Josh Boak, AP Economics Writer

More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.              


Internet Retailer Amazon To Start Collecting Taxes In FL

April 18, 2014 10:08 am | by The Associated Press

Currently, Floridians are supposed to pay taxes for online purchases, but there's no way to enforce the law. The state can't force companies like Amazon to collect the tax unless it has a physical presence, such as a warehouse or store.


Snap-on 1Q Sales Up 6.2%

April 18, 2014 10:04 am | by Snap-on Industrial

Sales of $787.5 million increased $45.8 million, or 6.2%, from 2013 levels; excluding $15.2 million of acquisition-related sales and $5.9 million of unfavorable foreign currency translation, organic sales increased 5.0%.             


Handheld Strengthens Its U.S. Sales Department, Renews Focus On Developing Partner Networks

April 18, 2014 9:59 am | by The Handheld Group

As Handheld US’s vertical sales manager, Jeff Watkin will be responsible for building and supporting Handheld’s partner network in numerous industries, including utilities, construction, and manufacturing.         


IndustryHuddle Gains 10,000 Users, Enhances Job Search Features

April 18, 2014 9:55 am | by Industry Huddle

Online resources, cost savings promotions, and the “Huddle Savings” program also enable companies to save big on their operational and business expenses.                 



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