July 20, 2023

ICDO Adds Charter Industrial Supply as New Member

Charter Industrial Supply has garnered recognition as an Aeroquip Premier Select Distributor, IDCO said.

Crawford opened a branch in Denton, Texas, the company’s seventh location in the Dallas-Fort Worth Metropolitan Area.

Inconsistent, sluggish revenue numbers dogged some distributors during the second quarter, according to the latest Baird-MDM survey.

The 2023 NAFCD + NBMDA Annual Convention will be held in Colorado Springs, Colorado, from Nov. 14-16.

Operating margin improved year-over-year across all three key business units, while the pace of organic sales declined.

Lon Jennings will succeed David Parks as Hydradyne President. Parks will retire after 44 years with the company.

UPS and the union representing over 340,000 UPS delivery and warehouse logistics workers will resume labor negotiations after being stalled.

The industrial parts distributor’s profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.