A quiet week on the distributor acquisition front saw familiar headliners Fastenal and Timken drive news content.
Here's this week's Top 5
Fastenal's Roll Continues As April Daily Sales Jump Nearly 9% Year-Over-Year: Fastenal's year-over-year daily sales growth topped eight percent for a second-straight month, while its recent acquisition of Manufacturer's Supply Company provided a major boost to fastener sales.
Timken Expands Industrial Clutches, Brakes Offering With PT Tech Acquisition: Based in Sharon Center, OH, PT Tech is a manufacturer of engineered clutches, brakes, hydraulic power take-off units and other torque management devices used in mining, aggregate, wood recycling and metals industries.
U.S. Oil Rig Count Tops 700 For First Time Since April 2015; Price Falls Further: The U.S. oil rig count grew last week for the 26th time in the past 27 weeks, while the price of oil declined nearly $3 throughout the week.
Viking Electric Supply Announces July 1 Leadership Transition: After 42 years at Minneapolis-based Sonepar USA subsidiary Viking Electric Supply, Greg Hames will retire as president and CEO on July 1, to be succeeded as president by current COO Stacy Stanslaski.
5 Trends Impacting Modern Warehouse Operations: Traditionally labor intensive and manually-operated, warehousing is now becoming automated, collaborative and cloud-based with advancements in technology. Let's look at some trends and technologies that will greatly impact your warehouse operations in the coming years.