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GHX Industrial Acquires Fugitt Rubber And Supply

March 3, 2015 | by Mike Hockett, Associate Editor | Comments

GHX gains Fugitt’s in-house hose assembly and gasket fabrication capabilities, broadening the company's core product and service offerings.

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Mayor To NYC Business Leaders: Start Pay At $13 An Hour

March 5, 2015 12:03 pm | by Jonathan Lemire, The Associated Press

De Blasio urged the business group to do more to uplift the city's struggling residents, and encouraged its members to back his overhaul of New York's workforce-training program.

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U.S. Productivity Falls At Faster Pace, Labor Costs Rise

March 5, 2015 10:00 am | by Martin Crutsinger, AP Economics Writer

Weaker productivity and higher labor costs could spell inflation troubles for the economy, but analysts say that the changes in the fourth quarter are temporary.

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Wajax Q4, Full Year Profits Drop

March 4, 2015 9:55 am | by Mike Hockett, Associate Editor

Weak sales in the power systems segment hurt profit margins for 2014, while decreased equipment sales highlighted an overall revenue dip in Q4.

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Bossard Shows Modest 2014 Sales, Profit Gains

March 4, 2015 9:28 am | by Mike Hockett, Associate Editor

The company had disappointing sales in the U.S., but gains in Europe and Asia turned in a positive profit gain.

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ISM: Manufacturing Takes Slight Hit From West Coast Port Dispute, Weather

March 3, 2015 11:35 am | by Jon Minnick, Associate Editor

The backlog of goods at West Coast Ports cut down new orders, while the rising strength of the U.S. dollar also impacted exports.

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Survey: Retail Industry Ripe For M&A In 2015

March 3, 2015 9:58 am | by BDO USA

Survey publisher BDO USA says many traditional brick-and-mortar retailers have fewer opportunities for growth, and are turning to M&A to gain market share through consolidation or enter new markets to extend their brand and reach.

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DXP's Q4 And 2014 Sales Up, Profit Down

March 2, 2015 4:59 pm | by Mike Hockett, Associate Editor

DXP reported healthy sales increases across the board, but a large impairment charge in Q4 gave the company a net loss.

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Sonepar USA Names New VP Of E-Commerce, Digital Marketing

March 2, 2015 2:40 pm | by Sonepar USA

Mark Lidner, formerly of HD Supply Facilities Maintenance Division, will be responsible for all aspects of Sonepar USA's e-commerce initiative.

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Feds List Manufacturing Jobs Among Best That 'Don’t Need A Degree'

March 2, 2015 2:21 pm | by Andy Szal, Digital Reporter

The list comes amid questions about the value of a four-year college degree, particularly as the level of student-loan debt skyrockets and manufacturers warn of a lingering talent shortage.

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U.S. Manufacturing Slows In February As Output, Hiring Weaken

March 2, 2015 12:54 pm | by Christopher S. Rugaber, AP Economics Writer

Though February's manufacturing index still indicated expansion, it was the fourth straight drop and the lowest reading since January 2014.

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Affiliated Distributors Announces Power Transmission Division

March 2, 2015 12:43 pm | by Mike Hockett, Associate Editor

The new division includes eight charter suppliers, led by managing director Bill Childers.

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Gas Prices Soar In California As Supply Shrinks

March 2, 2015 10:52 am | by Gillian Flaccus, Associated Press

Exxon Mobil gas production has been reduced after an explosion at one refinery and labor unrest at another, resulting in a 25 cent-per-gallon increase in less than a week.

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Honeywell To Close Rhode Island Plant By End Of Year

March 2, 2015 10:45 am | by Associated Press

Manufacturing and distribution employees will be laid off, but non-production employees will be moved to Honeywell's nearby site in Smithfield.

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Wolseley Acquires U.K. B2B Bathroom Retailer

March 2, 2015 10:39 am | by Wolseley plc

This acquisition gives Wolseley a strong position in the U.K. B2C online bathroom market and a scalable platform to support future growth.

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Reliance Steel Announces Executive Leadership Succession Plan

March 2, 2015 10:31 am | by Reliance Steel & Aluminum Co.

Reliance's succession plan includes a new CEO, CFO, and executive vice president.

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By The Numbers: Manufacturing Group Says EPA Ozone Proposal Still Too Costly

February 27, 2015 3:23 pm | by Andy Szal, Digital Reporter

A look at the need-to-know numbers associated with the ozone standard.

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FedEx Plans Massive Distribution Center For NE Pennslyvania

February 27, 2015 9:35 am | by Mike Hockett, Associate Editor

The new DC would be more than triple the size of FedEx Ground's existing location in Pittston.

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Noble Gas Solutions Named Among Top 100 Small Businesses In America

February 26, 2015 4:28 pm | by Independent Welding Distributors Cooperative

The industrial gases and products supplier was a winner in Blue Ribbon Small Business Awards, a program that recognizes the top 100 companies nationwide for their success, innovation, and contributions to economic growth and free enterprise.

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Orders For U.S. Durable Goods Up 2.8 Percent In January

February 26, 2015 1:41 pm | by Martin Crustinger, AP Economics Writer

The rebound is a key indicator that business investment plans showed an increase.

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Interline Brands Posts Q4 & Full Year Sales Gains, Profit Losses

February 26, 2015 9:28 am | by Mike Hockett, Associate Editor

Interline's sales increased across all segments both quarterly and yearly, but increased SG&A costs related to expansion initiatives and litigation charges hurt its bottom line.

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