Over the past 12 months, the all-items index increased 3.7% before seasonal adjustment, according data from the federal government.
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The decision comes amid the company's push for increased efficiency. However, less than 1% of volume is expected to be impacted.
Some global companies have looked to restructure supply chains in an effort to avoid potential dangers caused by the Israel-Hamas conflict.
Ford said the company couldn't offer more without harming its future prospects after union employees recently expanded UAW's strike.
More than 40% of the September increase in prices for final demand goods can be traced to a 5.4% rise in the index for gasoline.
The $8.2B deal increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment.
The Board of Directors elected Heidi G. Petz to serve as the next Chief Executive Officer, effective Jan. 1, 2024.
The company appointed Anthony P. Broersma as the Executive Vice President-Operations, effective on October 11.
For the third quarter, the company reported more than $1.84 billion in net sales, a 2.4% increase over the same period in 2022.
James Curran will be responsible for providing leadership and growth for the Datacom and Enterprise business.
Sonepar celebrated the milestone at their four U.S. Sonepar corporate offices by participating in local philanthropic activities.
The company also said it will soon open a new 90,000-square-foot regional distribution center in Lower Burrell, Pennsylvania.
Year-to-date, however, orders have reached $2.23 billion, 12.6% lower than the first eight months of 2022.
The company said the new facility will complement existing plants and continue its near-shoring efforts to minimize supply chain risk.
According to the union president, leadership decided not to strike at a General Motors factory in Texas, but 25,000 workers remain on the picket line.
Acme is a specialized abrasives manufacturer and provider based in Michigan, and is now Tyrolit's 7th manufacturing plant in the U.S.
The rideshare company says it will charge a flat fee of $5 for the service or $3 for its Uber One members.
Following the closing of the transaction, FW Murphy will become part of the Dover Precision Components operating unit.
Don’s Appliances will continue to operate independently under the Kodiak umbrella, maintaining its brand identity and leadership team.
