March 8, 2009 - Modern Distribution Management

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March 8, 2009

Machine Tool Consumption Down in January

January U.S. manufacturing technology consumption totaled $94.95 million, according to the American Machine Tool Distributors' Association and the Association for Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 59.2% from December and down 71.9% from the total of $338.00 million reported for January 2008.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

There's no way or reason to try to sugar coat these numbers - they are the lowest since the program began in 1996, said Peter Borden, AMTDA president.  "While a few small pockets of activity have continued, most everyone ...

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Lewis-Goetz Buys Transport Parts

Industrial distributor Lewis-Goetz and Company, Inc., Pittsburgh, PA, has acquired Transport Parts Incorporated, a Minneapolis-based distributor of industrial hose and accessories serving the transportation and industrial markets of Minnesota.
 
Our company continues to execute its long-term goal of consolidating the fragmented industrial rubber distribution channel in an effort to provide consistent products and services to customers throughout North America, said Jeff Crane, president and CEO of Lewis-Goetz. "This acquisition further extends the company's footprint into the northern Midwest markets of Wisconsin, Minnesota, Iowa and the Dakotas and will help us better serve existing customers in those ...

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Conference Board Employment Trends Index Falls Sharply

The Conference Board Employment Trends Index fell sharply in February. The index now stands at 91.0, decreasing 3.2% from the January revised figure of 94.0, and down 21.7% from a year ago.
 
Over the past year, the Employment Trends Index has declined faster than at any other time in its 35-year history, with the most severe decreases taking place since the Fall, said Gad Levanon, senior economist at The Conference Board. "As job losses persist, the drop in overall earnings makes a rebound in consumer spending unlikely for the next few months. The decline in employment will only moderate once companies anticipate some revival in domestic and global economic activity."
 
The 19-month-long decline in the Employment Trends Index is seen in all ...

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