It dwarfs the 2.1% growth seen in 2023's second quarter.
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While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
While MSC's June-August quarter ended with strong daily sales growth, it flattened to low-single digits in September and October.
3Q Industrial & Safety sales fell nearly 5% year-over-year amid mixed end-market demand and distributors right-sizing inventory levels.
Violations included employing one child to operate a forklift — a hazardous occupation for workers under 18 — and tasking another child to pick orders in the warehouse.
The group hosted 650 distributor and supplier attendees from nearly 310 companies at its 10th Annual Meeting in Denver.
Engine Capital reportedly said the PVF distributor could net $14 to $18 per share in a sale as a premium to its current stock price.
Industrial distributor Vallen was recognized for its "groundbreaking" ESG program, dedicated to building a diverse and inclusive culture.
However, certain markets continue to see strong demand and runway, led by U.S. manufacturing.
The annual sales growth for the 12 months through August 2023 was 5.7%, according to HARDI.
![Federated DPA Graphic[52]](https://www.mdm.com/wp-content/uploads/elementor/thumbs/Federated-DPA-Graphic52-qtx18jucafv2rrwn0tfrk57e3twzg30jba8xf9bjr8.png "Federated DPA Graphic[52]")
DPA Buying Group's alliance with Federated Auto Parts will create new distribution opportunities for DPA’s preferred suppliers.
Michael Krupnicki was appointed President of the American Welding Society to succeed Dennis Eck.
More than 900 AD members attended the 2023 AD North American Meeting — Industrial & Safety — U.S. and Safety Network Divisions in Colorado.
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.
The National Association of Wholesaler-Distributors named Lauren Williams Associate Vice President of Government Relations.
The new categories include seals, linear bearings profile rail, bushings (hub fixing devices), chains and sprockets.
Several states and the federal agency claimed that Amazon's anti-discounting practices punished merchants for offering lower prices elsewhere, in violation of antitrust laws.
The honors were announced at AD's Industrial & Safety North American Meeting Sept. 12-15 outside of Denver.
It's the second power transmission product category added to the platform this year, which has over 25 categories total.
The academy will be available to about 70 students and includes a partnership with schools and several local industrial companies.
