The MRO products distributor's project will create at least 250 full-time jobs by the facility's sixth year of operation.
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Amazon is already using AI to sort damaged goods, while Walmart uses ChatGPT to negotiate contracts with some suppliers.
It's just CD&R's latest major investment in the B2B distribution space.
The additions for the plumbing and industrial supplies distribution giant are across three different industries.
The industrial distribution giant's results seemed to outperform the rest of the sector, with a sequential revenue growth slowdown more subdued than what others have reported in this earnings cycle.
The increase follows a one-month pause in June and despite recent sharp declines in wholesale and consumer inflation rates.
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.
A 10-day union strike would reportedly be the nation’s most expensive walk-out in at least 25 years, costing the economy more than $7 billion
In 2022, U.S. business logistics costs represented the highest percentage of the national gross domestic product ever.
Distributors keeping a close eye on major projects that could impact product demand may benefit from a new government website mapping investments.
Manufacturing and retailer associations have called on the White House to step in on the labor dispute between 22,000 dockworkers and their employers.
Known as Wesco Aircraft until 2020, the company looks to right-size its debt amid reduced demand and ongoing litigation.
Global Industrial says the acquisition expands the industrial distributor’s one-to-one sales reach to new customers and markets.
DSG will pay $269 million at closing for Hisco, which was No. 39 on MDM's 2022 Top Industrial Distributors list.
Changes also will include U.S. site expansions, site transformations into manufacturing centers of excellence and site consolidation.
The layoffs will occur within “the next few weeks,” according to Amazon CEO Andy Jassy.
The Occupational Safety and Health Administration says investigations are ongoing in Colorado, Florida, Idaho, Illinois and New York.
Fastenal's daily sales growth this past month was slower than October but still outpaced Baird's projected output.
The rare, bipartisan legislation heads to President Biden's desk, where his expected signature would avert what NAW calls a catastrophic labor strike.
US Foods announced the CEO appointment of Dave Flitman one week after Builders FirstSource announced his departure.
