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Grainger Q2 Sales Up, Net Profit Down

July 17, 2014 | by PRNewswire | Comments

Grainger has reported results for the 2014 second quarter which ended June 30, 2014.                            

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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.


Facebook Testing 'Buy' Button

July 21, 2014 10:58 am | by The Associated Press

The company said in a statement last week that the button will let people buy products directly from businesses without leaving Facebook.                  


Russia's Severstal Selling U.S. Steel Plants

July 21, 2014 10:52 am | by The Associated Press

Russian steel company Severstal is exiting the U.S. market by selling two plants to AK Steel and Steel Dynamics for a combined $2.33 billion.                  


N.Y. Proposes Regulations for Bitcoin Virtual Currency

July 21, 2014 10:25 am | by The Associated Press

The proposal would require a license for those who buy and sell virtual currency, but not for those merchants and consumers who use it solely to buy and sell goods and services.                


Walmart Invests $103M in Indian Wholesale Business

July 21, 2014 10:04 am | by Industrial Distribution staff

The world's largest retailer has given its Indian unit a capital infusion to help boost its B2B business. It's also ramping up its online operations to give wholesale customers 24-7 access to anything they order online.       


U.S. Companies Report Increase in Sales, Employment

July 21, 2014 9:49 am | by The Associated Press

Fifty-seven percent of respondents to the quarterly survey said sales at their companies rose in the April-June period. That was up from 35 percent in the same period a year ago. Respondents also said the outlook for the July-October period is strong.


Oil Prices Ease but Remain Elevated

July 21, 2014 9:22 am | by The Associated Press

Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.                      


Sales Up at GPC, Motion Industries

July 21, 2014 9:13 am | by Genuine Parts Company

Thomas C. Gallagher, Chairman and Chief Executive Officer of GPC, announced that record sales totaling $3.9 billion were up six percent compared to the second quarter of 2013, and that Motion Industries's sales were up seven percent.


Acklands-Grainger Announces Agreement to Acquire WFS Enterprises Inc.

July 21, 2014 8:45 am | by Acklands-Grainger

Acklands-Grainger, Canada’s largest distributor of industrial, safety and fastener products, today announced its agreement to acquire WFS Enterprises Inc., a leading distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations.


Oil Slips After Steep Climb On Ukraine Crisis

July 18, 2014 11:20 am | by Pablo Gorondi, Associated Press

The price of oil retreated slightly Friday after climbing to near $104 a barrel amid growing geopolitical concerns following the crash of a Malaysian jetliner in Ukraine and another round of U.S. sanctions on Russia.      


Gauge Of U.S. Economy Rises In June

July 18, 2014 11:16 am | by Martin Crutsinger, AP Economics Writer

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.         


Higher Gas Costs Push Up Producer Prices

July 18, 2014 11:14 am | by Josh Boak, AP Economics Writer

Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.                   


GE Q2 Profit Jumps 13 Percent

July 18, 2014 11:08 am | by Jonathan Fahey, AP Energy Writer

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions.                    


Honeywell Q2 Profit Climbs 7.6 Percent

July 18, 2014 11:03 am

Honeywell International Inc. (HON) on Friday reported profit that climbed by 7.6 percent in its second quarter, and topped analysts' expectations.                  


Schlumberger Announces Q2 2014 Results

July 18, 2014 10:59 am | by Business Wire

Schlumberger Limited has reported second quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013.            


Quality Products Announces Appointment Of President

July 18, 2014 10:52 am | by Business Wire

Quality Products, Inc., a manufacturer and distributor of aircraft ground support equipment and hydraulic machine tools, is pleased to announce the appointment of David Somers to the position of president of the company.     


United Stationers Industrial Supplies Business President Departs

July 18, 2014 10:03 am | by PRNewswire

United Stationers Inc. has announced that Larry D. Davis, president of ORS Nasco, the company's industrial supplies division, will be leaving the company.                


Obama Aims To Stop Corporate Overseas Tax Moves

July 18, 2014 9:58 am | by Tom Murphy, AP Business Writer

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.         


Unemployment Aid Applications Drop To 302K

July 17, 2014 11:17 am | by Josh Boak, AP Economics Writer

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.                    


Amada Machine Tools America Joins IBC As A Preferred Supplier

July 17, 2014 11:14 am

IBC has announced the addition of Amada Machine Tools America, Inc., to its buying group as a Preferred Supplier of band saw machines, along with complementary band saw blades, milling machines, grinders, and turning centers.    



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