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ISA Index Ends Year On Strong Note

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

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 | News | Comments

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

Avnet Q2 Earnings Beat Forecasts

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

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

U.S. Home Construction Up In December

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

Housing construction topping the 1-million mark...

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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 | News | Comments

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?               

U.S. Factory Production Rises In December

January 16, 2015 10:19 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The increase comes after total output finally passed its pre-recession peak in November, though overall industrial production had a slight dip.                               

H.B. Fuller Reports Q4 Results

January 15, 2015 1:14 pm | by Industrial Distribution Staff | News | Comments

Organizational restructuring and business integration projects brought down income significantly, while sales and organic revenue increased.                               

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Despite Low Gas Prices, Gas Tax Hike Appears Unlikely

January 15, 2015 10:54 am | by Joan Lowy, Associated Press | News | Comments

The gas tax, now 18.4 cents a gallon, and the diesel fuel tax, now 24.4 cents a gallon, were last increased in 1993.                                       

U.S. Wholesale Prices Drop In December

January 15, 2015 10:41 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Labor Department said Thursday that its producer price index declined 0.3 percent last month, the biggest decline since a similar drop in October 2011.                           

Fastenal Boosts Q4, 2014 Sales

January 15, 2015 9:46 am | by Mike Hockett, Associate Editor | News | Comments

An aggressive company hiring push helped sales numbers throughout the year, while its rise in FAST vending machines installed helped offset a decrease of 50 stores.                         

U.S. Cutting Tool Consumption Drops 19 Percent November

January 14, 2015 3:26 pm | by United States Cutting Tool Institute and Association For Manufacturing Technology | News | Comments

Though the monthly volume was the lowest since 2013, the Association For Manufacturing Technology says it is partly due to record breaking sales in October.                           

Fuel Prices Drive Import Index Further Down In December

January 14, 2015 10:22 am | by U.S. Bureau Of Labor Statistics | News | Comments

December's imports price decline was the biggest 1-month drop since December 2008, and was the sixth straight monthly decline overall.                                 

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Digi-Key Reports Double Digit 2014 Sales Increase

January 13, 2015 4:52 pm | by Digi-Key | News | Comments

Crediting an innovation spike in emerging technologies, the electrical distributor's sales growth rate was more than three times the industry average.                             

Why U.S. Inflation Stays Low While Job Growth Surges

January 12, 2015 5:21 pm | by Christopher Rugaber, AP Economics Writer | News | Comments

Month after month, U.S. hiring keeps rising, and unemployment keeps falling. Eventually, pay and inflation are supposed to start surging in response. They're not happening.                     

Manufacturing Job Growth Up In 2014

January 12, 2015 9:16 am | by Andy Szal, Real Time Digial Reporter, Manufacturing.net | News | Comments

The latest manufacturing jobs report comes on the heels of President Obama's visit to Michigan last week as his administration touted more than 764,000 manufacturing jobs gained since the end of the recession.      

U.S. Wholesalers Boost Stockpiles In November

January 9, 2015 10:15 am | by Associated Press | News | Comments

The figure was the biggest uptick in stockpiles since a 1 percent jump in April, while wholesale sales dropped.                                       

Predicting AmazonSupply In 2015

January 8, 2015 3:25 pm | by Mike Hockett, Associate Editor | Blogs | Comments

Nearing 3 years since its debut, 2015 could be the year AmazonSupply becomes a juggernaut in the B2B marketplace.                                       

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WD-40 Reports Q1 Sales

January 8, 2015 12:22 pm | by Industrial Distribution Staff | News | Comments

Year-over-year sales rose slightly for the quarter, though net income had a considerable drop.                                             

GasBuddy Releases Fuel Price Outlook For 2015

January 7, 2015 3:44 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | News | Comments

Among the things influencing prices include OPEC’s recent shift in production output, refinery maintenance schedules, hurricane season, and gasoline taxes being elevated in several states.                 

MSC Industrial Reports Fiscal Q1 Results

January 7, 2015 10:12 am | by MSC Industrial Supply Co. | News | Comments

Sales and gross margin were slightly below expectations, while operating expenses met MSC's forecasts.                                           

Anixter Puts Fasteners Unit Up For Sale

January 6, 2015 10:47 am | by Mike Hockett, Associate Editor | Blogs | Comments

Anixter is likely to gain more than $500 million in the sale, which comes after a failed attempt to sell the company last August.                                   

Construction Spending Drops In November

January 2, 2015 5:12 pm | by Associated General Contractors Of America | News | Comments

Associated General Contractors of America officials said the new spending figures come as the group's members prepare a new push for action on a series of federal infrastructure programs.                  

U.S. Factories Grow At Slowest Pace In 6 Months

January 2, 2015 4:11 pm | by Christopher Rugaber, AP Economics Writer | News | Comments

Growth was slowed by weakened by declines in orders and production, yet still healthy, a sign manufacturing may help drive the economy's expansion in 2015 as it did last year.                     

Construction Employment Up In 224 Of 339 Metro Areas YOY

January 2, 2015 10:02 am | by Associated General Contractors Of America | News | Comments

Contractors cautioned that if labor conditions get even tighter, contractors will have to pass on new projects, and possibly delay existing ones, because of a lack of workers.                     

Why The U.S. Will Power The World Economy In 2015

December 30, 2014 9:09 am | by Martin Crutsinger, The Associated Press | News | Comments

After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite so bright in other major countries.     

2014 U.S. Economy Began Shaky, Finished Strong

December 29, 2014 10:33 am | by Josh Boak, AP Economics Writer | News | Comments

Consumers, businesses, and investors, after enduring a brutal winter, showed renewed vigor as the year wore on and set the United States apart from much of the world.                        

Manufacturing Outlook For 2015: Q&A With Matthew B. Elliott

December 23, 2014 2:11 pm | by Jeff Reinke, Editorial Director, Manufacturing.net | Articles | Comments

Matthew B. Elliott, Michigan State President, Global Commercial Banking, Bank of America Merrill Lynch discusses upcoming trends, the skilled labor shortage, and domestic expansion of manufacturing.               

U.S. Orders For Durable Goods Drop In November

December 23, 2014 12:59 pm | by Josh Boak, AP Economics Writer | News | Comments

Much of the decrease came from a steep 8.1 percent plunge in demand for defense-related items, while orders for metal products and electronics also slid.                           

Global Oil Impact: Who's Hurting, Happy, Hopeful

December 19, 2014 3:17 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Whether the price plunge ultimately helps or harms the global economy depends on how low oil prices fall, how long they stay low, and whether they trigger political upheaval that interrupts trade or spooks investors.         

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