Texas A&M University will offer one STAFDA member a scholarship towards earning their master's degree in industrial distribution.
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CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
After a strong start to 2023, shipments of cutting tools weakened in the last quarter of the year, falling 7.3% in December year-over-year.
Research from Colliers found that lease rates reached $9.72 per square foot last year despite supply far outpacing occupancy.
Producer prices rose at their fastest clip in five months, tampering hopes that inflation will cool to the Fed's 2% target anytime soon.
We're off Monday in observance of Presidents' Day in the U.S., so Update will be back in action Tuesday morning.
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
The year started with a slight deceleration in industrial production following a flat December.
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
Though it repeated December’s monthly figure, the overall CPI topped economics’ expectations.
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
It further expands DXP’s offering and capabilities in the water and wastewater markets.
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
Company veteran Jean-Marie Maayoufi now leads sales efforts for WALTER's Allegro Industries brand.
A report from A3 shows that annual 2023 sales were near equal for automotive and non-automotive industries.
Full-year 2023 total sales were $4.73 billion, up 5.3% from 2022.
