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It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.
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.
The company has added like foodservice distributors that serve the greater Nashville area and central California.
The industrial LED lighting manufacturer also reported that its 2023 annual revenue fell 12%.
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
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.”
