The company reduced its total global workforce by 10% this year as 'demand for consumer electronics waned,' Reuters reported.
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A tentative 5-year deal has been reached with UPS's 340,000-member union, likely averting a nationwide strike. See our full recap of the deal and the contingency plans several distributors had prepared.
Under the terms of the agreement, KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash.
Lowe's says the new option will improve customers' omnichannel experience, with fast and convenient delivery in 'a matter of hours.'
Mark Garboski will continue to report to Kodiak CEO Steve Swinney, and will develop long-term strategic plans.
This facility is designed to help manufacturers, retailers and warranty administrators dramatically extend product lifecycle and value.
Inconsistent, sluggish revenue numbers dogged some distributors during the second quarter, according to the latest Baird-MDM survey.
Federal investigators also found the company made workers use their personal vehicles for deliveries and did not pay them when they did.
Billows Electric joins Sonepar with 19 branch locations and over 285 associates, according to a Sonepar news release.
EDSCO serves the North American market from four manufacturing plants located in Texas, Utah, Tennessee and North Carolina.
The program is designed to prevent hazards in warehouses, processing facilities distribution centers and high-risk retail establishments.
Mid-Coast was acquired by The Reynolds Company, a subsidiary of McNaughton-McKay Electric Company, in 2021.
Kimball Midwest is No. 19 on Selling Power magazine’s 50 Best Companies to Sell For in 2023.
TEXA Industries provides advanced cooling technologies with innovative industrial air conditioners and chillers, nVent said.
Economists polled by the Wall Street Journal had predicted a 0.2% increase in the producer price index, MarketWatch said.
The new Northwest Distribution Center is expected to house more than 135,000 industrial supply items, Grainger said.
The core June inflation index was up 4.8%, down from May’s 5.3%, and was a bigger decrease than expected.
Beacon has expanded its branch footprint through the completion of five acquisitions and the opening of 14 new greenfield locations in 2023.
The bill would change the compliance deadline for regional HVAC standards from the date of installation to the date of manufacture.
We recap the myriad guests and topics from the first six months of the year.
