A gloom has been cast over the markets this week by weak retail sales, which imply that...
YRC Freight is a leader in 2-5 day LTL (less-than-truckload) shipping with comprehensive service...
The joint venture will combine Johnson Controls' global reach with Hitachi's technology...
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.
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.
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.
Acquisitions in Thailand, Singapore, and France further position the electrical company for a strong 2014, placing the company as the number three player in the Asian market and assisting with their oil & gas offerings.
Founded in 1987, BarrierSafe has sales of approximately US$290 million per annum. With the acquisition, Ansell further expands its position in the hand protection market in North America and continues to implement its strategy to create shareholder value through organic and acquisition driven growth.
Total sales increased 9.6% to a record $2.24 billion in 2013 from $2.04 billion in 2012. Existing market sales increased 1.2% (0.4% based on the same number of business days). In existing markets, residential and complementary product sales increased 1.3% and 5.2%, respectively, while non-residential roofing product sales declined 0.4%.
Amazon.com, Inc. announced plans to open a 1 million-square-foot fulfillment center in Windsor, Conn. Amazon will create more than 300 full-time jobs at the fulfillment center when it opens.
Illinois Tool Works announced in September it was initiating a process to sell the industrial packaging unit, as the conglomerate continues to streamline its diversified business lines.
The one-day warning strike Monday at Amazon's distribution centers in Bad Hersfeld and Leipzig were the latest of several as the ver.di union pushes for wage agreements similar to those governing retail and mail-order workers.
Commenting on the special dividend payment, President and CEO Robert Eck said, “Our continued strong cash flow generation of nearly $500 million over the past three years has resulted in a debt to total capital ratio of 43 percent at the end of the third quarter, which falls below our target range of 45–50 percent."