News regarding the latest fiscal reports for Big 50 distributors Grainger and Fastenal were top items this past week as expected, while the latest active U.S. oil rig count and news of increased spending among oil companies were also of high interest.
Here's this week's Top 5
Grainger Ends 2016 With Best Month In 2 years: Grainger posted flat Q4 sales while its profits were hurt by an impairment charge, while the company posted its best month for daily sales growth since November of 2014.
U.S. Oil Rig Count Makes Biggest Jump In Nearly 4 Years: One week earlier, the U.S. oil rig count snapped an 11-week streak of gains, but rebounded in a big way last Friday with its biggest one-week spike since April 2013.
Report - U.S. Oil Companies Plan Big Spending Increases: The Wall Street Journal reports that more than a dozen prominent U.S. oil producers released 2017 budgets that, on average, called for a 60 percent increase in capital expenditures.
Recapping Fastenal's 2016 - A Year Of Growth: Fastenal grew consistently throughout 2016 while downsizing its stores and headcount, all while further enhancing its vending business. See all the facts and figures here, as well as executive input.
Report - Amazon Jumps Into Auto Supply Market: Amazon executives reportedly hope to dramatically expand the e-retailer's reach into the retail auto parts market with a slew of recent agreements with top manufacturers.