 |
Lock in savings now before June 1 rate increase! |
 |
The sale allows Timken to increase its level of service to industrial distributors while benefiting
from CoLinx' comprehensive warehousing and logistical ...
The sale allows Timken to increase its level of service to industrial distributors while benefiting
from CoLinx' comprehensive warehousing and logistical capabilities. Specifically, savings and efficiencies will be realized
by using pooled shipping lanes, aggregating shipping freight, and leveraging common operations. The asset purchase agreement
includes the transfer of warehouse equipment and also provides employment within the CoLinx organization for current full-time
Timken associates.
"Initial analysis conducted last year as part of the CoLinx project indicated that 85 percent
of our shipping regions were common among the CoLinx founding members," noted Kari Groh, general manager - global logistics
and customer service for Timken's industrial distribution business. "This provided compelling evidence for us to launch an
initiative that would capitalize on synergies between our respective shipping and warehouse operations. We consider this to
be a win-win in logistics -- just as it has been with our CoLinx e-business launch of PTplace.com in the U.S. and Canada."
"We
are delighted to have the opportunity to serve Timken in its efforts to decrease costs and deliver product faster," said Don
Louis, CEO of CoLinx. "This acquisition clearly increases the strength of the CoLinx shared services organization. CoLinx
member manufacturers will immediately benefit from the transfer of outstanding people, proven quality systems, and significant
shipment volume."
The Timken Company is an international manufacturer of highly engineered bearings, alloy and specialty
steels and components, as well as related products and services. With operations in 24 countries, the company employs about
18,700 people worldwide and recorded 2001 sales of U.S. $2.4 billion.
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Critical Profit Driversin Distribution Al Bates, Profit Planning Group, speaks frankly about the most important factors to driving profit. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Bell Electrical Supply CEO Burt Schraga discusses the importance of building a strong culture in his organization. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment