Fed Likely to Skip June Rate Hike, but Hints More to Come
Most of the central bank’s committee members expect at least two more rate hikes to come in 2023.
Fed Likely to Skip June Rate Hike, but Hints More to Come Read More »
June 2023
Recapping AD’s 2023 Electrical Spring Network Meeting
More than 230 attendees were welcomed at the 2023 AD Electrical Spring Network Meeting in Nashville.
Recapping AD’s 2023 Electrical Spring Network Meeting Read More »
May Producer Prices Eased Sharply to 1.1%
The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
May Producer Prices Eased Sharply to 1.1% Read More »
Grainger to Lease Large Warehouse Near Charlotte
Grainger will house an industrial supply bulk warehouse facility at a newly developed logistics park in Pineville, North Carolina, by 2024.
Grainger to Lease Large Warehouse Near Charlotte Read More »
Wesco Adds Insight Enterprises CFO to Board
Electrical and industrial products distributor Wesco International elected Glynis Bryan to its Board of Directors.
Wesco Adds Insight Enterprises CFO to Board Read More »
Southwire to Expand Factory in Northwest Alabama
Wire and cable product manufacturer Southwire expects to increase production capacity by 30% with the expansion of its plant in Alabama.
Southwire to Expand Factory in Northwest Alabama Read More »
CPI: Consumer Inflation Cooled to 4% in May
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.
CPI: Consumer Inflation Cooled to 4% in May Read More »
West Coast Port Labor Talks Draw White House Involvement
Despite the dockworkers’ union saying work continues during labor talks, employers are highlighting disruptive actions slowing operations.
West Coast Port Labor Talks Draw White House Involvement Read More »
L&W Supply Acquires Killingly Building Products
L&W Supply is a subsidiary of ABC Supply, which ranked No. 2 on MDM’s Top Distributors List for Building Materials/Construction.
L&W Supply Acquires Killingly Building Products Read More »
Ingersoll Rand to Buy Howden Roots Brand for $300M
The deal enhances capabilities to serve high growth, sustainable end markets including green steel, the company said.
Ingersoll Rand to Buy Howden Roots Brand for $300M Read More »
Turtle Partners with Catalyze to Expand in Renewable Energy
It will expand Turtle’s availability of energy-efficient solutions to commercial and industrial entities and help them achieve ESG goals.
Turtle Partners with Catalyze to Expand in Renewable Energy Read More »
BradyIFS Acquires Foodservice & JanSan Distributor GORM
It’s BradyIFS’ third bolt-on of 2023 after making six acquisitions last year.
BradyIFS Acquires Foodservice & JanSan Distributor GORM Read More »
Data: Wholesale Optimism Grows for Soft Landing
Mike Hockett breaks down the latest economic indicators, wholesale sector data and industry sentiment, which points to improved full-year outlook.
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Data: Wholesale Optimism Grows for Soft Landing Read More »
Beacon Acquires Silver State Building Materials in Nevada
It marks Beacon’s fifth acquisition so far in 2023.
Beacon Acquires Silver State Building Materials in Nevada Read More »
Bosch to Expand NC Power Tools Plant in $130M Investment
The new jobs include minimum average yearly wages of $53,204, which is above the Lincoln County average of $49,332.
Bosch to Expand NC Power Tools Plant in $130M Investment Read More »
Behind the Deal: Global Industrial Finds Strategic Fit in Indoff
Global Industrial CEO Barry Litwin shares what made Indoff the perfect fit to be the industrial distributor’s first acquisition since 2015.
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Behind the Deal: Global Industrial Finds Strategic Fit in Indoff Read More »
Bosch Rexroth CEO to Depart Company July 1
Reinhard Schaefer, current executive board member, will join the North American board to identify the company’s next regional CEO.
Bosch Rexroth CEO to Depart Company July 1 Read More »
Epicor Appoints Chief Product & Technology Leader
The ERP software provider Epicor has appointed Vaibhav Vohra as Chief Product and Technology Officer.
Epicor Appoints Chief Product & Technology Leader Read More »
April Wholesale Revenues, Inventories Dip Month-to-Month
Sales of merchant wholesalers, after adjustment for seasonal variations and trading day differences but not for price changes, were $652.8 billion.
April Wholesale Revenues, Inventories Dip Month-to-Month Read More »
New White House Website Maps Manufacturing, Infrastructure Projects
Distributors keeping a close eye on major projects that could impact product demand may benefit from a new government website mapping investments.
New White House Website Maps Manufacturing, Infrastructure Projects Read More »
