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Grainger Q4 Profit Down, Cuts 2015 Outlook

January 26, 2015 | by Mike Hockett, Associate Editor | Comments

Citing weakening Canadian and Japanese currencies and broader economic softness in Canada, the company lowered its 2015 outlook after a disappointing Q4.                           

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Today in Distribution

The complete daily resource for distribution professionals

ID's Top 5 Of The Week

January 22, 2015 4:32 pm | by Mike Hockett, Associate Editor

While merger & acquisition activity involving Big 50 companies headlined the previous two weeks, this week it was a wealth of thought leadership content that dominated our top items.                 


Praxair Awarded NASA Supplier Contract

January 22, 2015 12:11 pm | by Praxair

Projected as a $53 million contract over five years, Praxair will supply hydrogen to four NASA sites.                                           


ISA Index Ends Year On Strong Note

January 22, 2015 10:37 am | by Industrial Supply Association

The ISA Distributor Index rose three points, indicating continued expansion to end 2014.                                               


Johnson Controls Reports Q1 Sales, Partners With Hitachi, Plans New HQ

January 22, 2015 10:08 am | by Mike Hockett, Associate Editor

Along with healthy sales growth, a report is out that the company plans to build a new 50-story headquarters in downtown Milwaukee.                                  


Avnet Q2 Earnings Beat Forecasts

January 22, 2015 9:31 am | by Mike Hockett, Associate Editor

Strong growth in Asia powered Avnet's revenue increase, especially in its Electronics Marketing segment.                                         


Parker Hannifin Elects New CEO, President

January 21, 2015 5:02 pm | by Mike Hockett, Associate Editor

Thomas Williams and Lee Banks, both company operating officers since 2006, move into executive roles effective Feb. 1.                                     


Sonepar Adds Italy's Gruppo Matel Spa

January 21, 2015 12:27 pm | by Mike Hockett, Associate Editor

The acquisition of the electrical supplier will give Sonepar better coverage of Italy's Northeast region.                                         


U.S. Home Construction Up In December

January 21, 2015 11:22 am | by Martin Crutsinger, AP Economics Writer

Housing construction topping the 1-million mark for the first time since 2005 adds to signs that the world's largest economy is on solid footing.                              


Obama Calls for Additional Regulation, Investment In SOTU

January 21, 2015 11:01 am | by Andy Szal, Digital Reporter, Industrial Distribution

The President's address included calls to action on paid sick leave, equal pay for women, lowering taxes on the middle class, and a plan to make community colleges tuition-free.                     


CRP Industrial Names Supply Partner For Industrial Distributor Co-op

January 21, 2015 9:58 am | by Mike Hockett, Associate Editor

CRP Industrial will provide IDCO members with a full-line of Reinflex brand high-pressure thermoplastic hoses, and Tudertechnica brand specialty fluid transfer hoses.                        


Wolseley Launches Commercial Vehicle Apprenticeship

January 21, 2015 9:44 am | by Mike Hockett, Associate Editor

The program is part of a Wolseley investment initiative in its drivers, aiming to add training to all existing fleet drivers, along with new apprentices.                           


Barcoding Inc. Hires Supply Chain Architect

January 20, 2015 3:50 pm | by Barcoding, Inc.

A Six Sigma Black Belt with more than 20 years of experience, Chase Sowden will help Barcoding create and deliver holistic, end-to-end solutions that add value to clients’ supply chains.                   


All-West Fasteners Announces New President, Internal Promotions

January 20, 2015 12:43 pm | by Industrial Distribution Staff

Two All-West managers have achieved Certified Fastener Specialist designation, while the company also named a new president and vice president of sales.                            


Eaton Acquires U.K. Safety Tech. Manufacturer Oxalis Group

January 20, 2015 12:14 pm | by Eaton

The addition expands Eaton's offering of electrical products for hazardous area, marine, and industrial communications markets.                                   


Tech Air Acquires McGinnis Welding Supply

January 20, 2015 9:33 am | by Tech Air

McGinnis is Tech Air's ninth add-on acquisition since CI Capital acquired the company in partnership with Tech Air's management in 2010.                                 


Collins Pipe & Supply Acquires Power House Supply

January 20, 2015 9:24 am | by Industrial Distribution Staff

The acquisition expands Collins' distribution and engineering services into the largest industrial marketplace in the New England region.                                 


ID's Top 5 Of The Week (Jan. 12-16)

January 16, 2015 3:24 pm | by Mike Hockett, Associate Editor

The week was highlighted Roll-Kraft's installation of a Fastenal vending system at its headquarters, along with another busy period of M&A activity.                            


BlackHawk Acquires Packaging Inc.

January 16, 2015 2:38 pm | by BlackHawk Industrial

The acquisition broadens BlackHawk Industrial's geographical footprint and sales penetration in the Minnesota, Wisconsin, and Iowa marketplaces.                               


Morse Cutting Tools Names New VP

January 16, 2015 1:27 pm | by Industrial Distribution Staff

Mark Higgins joins the team after a 14-year career at Affiliated Distributors' Industrial Supply division.                                         


We Burn 2.7 Million Gallons A Minute, So Why Is Oil So Cheap?

January 16, 2015 1:10 pm | by Jonathan Fahey, AP Energy Writer

Global consumption has never been higher, yet the price of a barrel of oil has fallen by more than half over the past six months due to an abundant supply. So where did all this oil come from?               



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