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Internet Retailer Amazon To Start Collecting Taxes In FL

April 18, 2014 10:08 am | by The Associated Press | News | Comments

Currently, Floridians are supposed to pay taxes for online purchases, but there's no way to enforce the law. The state can't force companies like Amazon to collect the tax unless it has a physical presence, such as a warehouse or store.

Snap-on 1Q Sales Up 6.2%

April 18, 2014 10:04 am | by Snap-on Industrial | News | Comments

Sales of $787.5 million increased $45.8 million, or 6.2%, from 2013 levels; excluding $15.2...

PwC: Manufacturer Optimism On Domestic Outlook Rises To Highest Level In Eight Years

April 18, 2014 9:47 am | by PwC | News | Comments

The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the...

Watsco Achieves Record 1Q Results, Revenues Up 7%

April 17, 2014 9:44 am | by Watsco, Inc. | News | Comments

Albert H. Nahmad, Watsco’s President & CEO stated: “Watsco delivered another solid quarter...

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ISA Members Are In Growth Mode

April 17, 2014 9:38 am | by Industrial Supply Association | News | Comments

The ISA Manufacturer Index rose from 63.2% in February to 66.0% in March, while the Distributor Index increased from 59.2% in February to 65.0% this month. The Indexes have been above 50% since December 2012.        

Bunzl Announces Sales Data, Acquisitions In Chile; The U.S.; New Zealand

April 16, 2014 9:53 am | by Bunzl plc | News | Comments

Overall trading has been consistent with expectations at the time of the annual results announcement in February. Acquisition growth continues to be a key part of the company’s strategy and Bunzl announced that it has completed three further acquisitions in Chile, the US and New Zealand.

Grainger 1Q Sales Up 5%

April 16, 2014 9:48 am | by W.W. Grainger, Inc. | News | Comments

Sales of $2.4 billion increased 5% versus $2.3 billion in the first quarter of 2013. Net earnings for the quarter increased 2% to $217 million versus $212 million in 2013. Earnings per share of $3.07 increased 4% versus $2.94 in 2013.    

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MSC Sees Improvement In Manufacturing, Government Sales

April 16, 2014 9:36 am | by Jack Keough, Contributing Editor | Blogs | Comments

Jack Keough weighs in on MSC Industrial Direct's second quarter earnings, including MSC's President and CEO Erik Gershwind's comments to financial analysts that manufacturing, particularly the metalworking sector, has “improved considerably” from what had been occurring during the past 18 months.

SKF 1Q Sales Rise 10.4%

April 15, 2014 1:20 pm | by SKF | News | Comments

The company's sales in the first quarter in local currencies increased by 4.4% in Europe, by 2.9% in North America, by 4.1% in Latin America, by 10.6% in Asia and by 21.4% in Middle East and Africa.         

Manufacturing Technology Orders Down in February

April 15, 2014 10:10 am | by AMT - The Association For Manufacturing Technology | News | Comments

February U.S. manufacturing technology orders totaled $354.40 million according to AMT - The Association For Manufacturing Technology. This was down 6.6% from January and down 6.2% when compared with the total of $377.82 million reported for February 2013.

Fastenal Sales Rise 8.7% In Q1

April 11, 2014 10:50 am | by Fastenal Company | News | Comments

"With expanded investment, comes expanded expectations - in July 2013 we grew average daily sales over the same month in the preceding year in the low single digits, in March 2014 we grew average daily sales over the same month in the preceding year by 11.6%," says Will Oberton, CEO.

U.S. Cutting Tool Consumption Down 1.2% In February

April 11, 2014 10:29 am | by AMT & USCTI | News | Comments

This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 1.2% from January’s total and down 6.8% from February 2013.              

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Oshkosh Corp. Laying Off 760 From Defense Division

April 11, 2014 10:24 am | by Dinesh Ramde, Associated Press | News | Comments

About 700 hourly positions will be cut beginning in June, and 60 salaried positions will be eliminated starting in July, the Wisconsin-based company said. Oshkosh Defense will be left with about 1,850 employees.              

Bill To Spur Manufacturing Innovation Clears Senate Committee

April 10, 2014 10:57 am | by The Office of Senator Coons | News | Comments

The bipartisan Revitalize American Manufacturing and Innovation Act of 2013 would establish specialized manufacturing innovation ‘hubs’ around the country, creating thousands of high-paying, high-tech manufacturing jobs while enhancing the United States’ role as the world’s leader in advanced manufacturing.

Wholesale Stockpiles Up 0.5% In February

April 10, 2014 10:47 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. wholesale businesses increased their stockpiles for an eighth consecutive month in February as their sales rose at the fastest clip since November, good signs for future economic growth.          

MMI Releases Manufacturing Trends For 2014-2015

April 10, 2014 10:29 am | by Michigan Manufacturing International | News | Comments

Jacob Prak, CEO of Michigan Manufacturing International (MMI), provides an overview of manufacturing trends for the coming twelve months.                    

Barnes Acquisition Helps Boost MSC 2Q Sales 16.2%

April 10, 2014 10:23 am | by MSC Industrial Direct Co., Inc. | News | Comments

Net sales for the fiscal second quarter 2014 were $661.5 million, an increase of 16.2% over net sales of $569.5 million in the same quarter a year ago. The acquired Barnes Distribution North America business contributed $69.8 million to net sales in the fiscal second quarter 2014.

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Employers Advertise More Jobs In February

April 9, 2014 10:16 am | by The Associated Press | News | Comments

The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 % from January. That's the highest number of postings since January 2008.               

IMF: World Economy Is Stronger But Faces Threats

April 9, 2014 10:13 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The lending organization expects the global economy to grow 3.6% this year and 3.9% in 2015, up from 3% last year. Those figures are one-tenth of a percentage point below the IMF's previous forecasts in January.            

America's Infrastructure Problems, Part 2: Why We Should Invest

April 9, 2014 10:09 am | by Mike Collins, Saving American Manufacturing | Blogs | Comments

The infrastructure problems are increasing business costs and it will only get worse. Whether it is missing a delivery promise because of a freeway jam, losing water pressure in a food plant, loss of electricity during a blackout, or being fined by a government agency, infrastructure problems will continue to increase business costs and make business less competitive.

Oil Rises To Near $103 A Barrel On Ukraine Unrest

April 9, 2014 9:53 am | by Pablo Gorondi, Associated Press | News | Comments

The price of oil edged up closer to $103 a barrel Wednesday amid unrest in eastern Ukraine, even as a report showed a large rise in U.S. crude stockpiles.                 

White House Targets Gender Pay Gap

April 9, 2014 9:45 am | by Alan Fram & Jim Kuhnhenn, Associated Press | News | Comments

Obama's actions focused exclusively on federal contractors but they dovetailed with the start of Senate debate on broader legislation to make it easier for workers to sue any company for paying women less because of their gender.      

Bossard Sees American Sales Decline, European Performance Up

April 8, 2014 5:38 pm | by Bossard | News | Comments

In Europe, the positive trend in demand has continued, extending from the second half of 2013 into the new year. Sales increased in local currency by 8.4%, with Bossard reporting growth in virtually all of the company's sales regions.  

KY Governor Forms Automotive Industry Trade Group

April 8, 2014 9:47 am | by The Associated Press | News | Comments

Gov. Steve Beshear said Monday he wants Kentucky to be as synonymous with the auto industry as Detroit. The Democratic governor announced the formation of the Kentucky Automotive Industry Association to promote Kentucky as an automotive hub.  

Obama Says Students Need Help Getting 'In-Demand Jobs'

April 8, 2014 9:36 am | by Jim Kuhnhenn, Associated Press | News | Comments

President Barack Obama on Monday announced more than $100 million in grants for two dozen schools across the country that are helping students gain work experience for what he called the "in-demand jobs of the future."              

Rise of the Machines: Industrial Machinery Market Growth To Double In 2014

April 7, 2014 10:34 am | by IHS | News | Comments

As economic conditions continue to improve worldwide, the demand for machines in sectors such as agriculture, packaging, materials handling and machine tools will push revenues to $1.6 trillion this year, up from $1.5 trillion in 2013. This represents annual growth of 6.3%.

Bipartisan Bill To Offer Tax Credit To Help Innovative Startups Create Jobs

April 3, 2014 4:13 pm | by The Office of Senator Coons | News | Comments

The Senate Finance Committee on Thursday passed bipartisan legislation to allow startup companies and small businesses to access the successful Research and Development Tax Credit.             

Survey: More Business Owners Ready To Hire

April 3, 2014 11:50 am | by The Associated Press | News | Comments

Small businesses have gotten a surge of optimism, one that may lead to more hiring in the coming months.                          

Mid-Sized Manufacturers Continue Growth Expectations In 2014

April 3, 2014 11:14 am | by Prime Advantage | News | Comments

Respondents of the sixth annual Group CFO Survey remain optimistic about financial prospects and are focused on growth, as indicated by increased hiring, capital, and R&D investments.             

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