December 4, 2007 - Modern Distribution Management

December 4, 2007

October Construction Spending 0.8% Below September

Construction spending during October 2007 was estimated at a seasonally adjusted annual rate of $1,158.3 billion, 0.8 percent below the revised September estimate of $1,168.0 billion, according to&nbsp ; the U.S. Census Bureau of the Department of Commerce.
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The October figure is 0.6 percent below the October 2006 estimate of $1,164.9 billion. During the first 10 months of this year, construction spending amounted to $977.0 billion, 2.8 percent below the $1,005.3 billion for the same period in 2006.
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Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $863.2 billion, 1.4 percent below the revised September estimate of $875.2 billion. Residential construction was at a seasonally adjusted annual rate of ...

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WESCO Acquires Monti Electric Supply

WESCO International, Inc., Pittsburgh, PA, provider of electrical MRO products and construction materials, has acquired Monti Electric Supply Inc., Waveland, MS. Monti Electric has three branch locations and annual sales of $20 million.

The addition of Monti Electric will provide WESCO with a broader market position to benefit from the long-term hurricane-related reconstruction of the Gulf Coast region," Stephen A. Van Oss, WESCO's Senior Vice President and Chief Financial and Administrative Officer said.

WESCO's primary operating entity is WESCO Distribution Inc. WESCO Distribution is a distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies, and is a provider of integrated supply ...

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Plumbing/HVAC Distributor Noland Cuts Jobs

Noland Company, Newport News, VA, has cut 45 jobs across the company over the past month due to the national housing downturn, according to the local paper, the Daily Press.
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Noland, bought by WinWholesale, Dayton, OH, in 2005, sells plumbing and HVAC supplies to construction end-markets. According to the article, Noland's advantage over rival Ferguson is that it is focused in the Southeast, which is generally doing better than the U.S. average.

Noland has about 1,300 employees, and WinWholesale has ...

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Transport/Logistics M& A Deals On Pace to Beat 2006

Total transportation and logistics deal volume for 2007 is on pace to exceed 2006 levels, according to Intersections, PricewaterhouseCoopers' quarterly report on M & A in the global transportation and logistics industry. This may be due in part to the effects of the decline in debt market liquidity and stock market volatility felt by financial investors.

Total deal value during the first three quarters of 2007 exceeded the total deal value announced during the comparable period in 2006 ($39 billion versus $27 billion, respectively).

The pace of M & A activity in the transportation and logistics industry has not abated, and we anticipate that it is going to continue as a result of the current global environment," said Ken Evans, U.S. transportation and logistics ...

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