June 7, 2009 - Modern Distribution Management

Log In

Search

June 7, 2009

Grainger May Sales Fall 10%

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Free, Facilities Maintenance (MRO), Companies /

Grainger, Chicago, IL, reported daily sales in May 2009 declined 10% versus May 2008, primarily the result of weak demand across all customer end-markets and geographies. Foreign exchange negatively affected sales by approximately two percentage points.
 
Sales from pandemic related product as a result of the H1N1 virus outbreak positively affected sales by one percentage point.
 
U.S. sales were down 9%; Canadian sales were down 14% (down 1% in local currency). Sales from Other Businesses were down ...

Grainger May Sales Fall 10% Read More »

Watsco, Carrier Corp. Joint Venture Moves Forward

Leave a Comment / Top Distributor Sectors, Subscriber Only, Plumbing Products & PVF Distribution, News, Mergers & Acquisitions, HVACR, Free, Finance, Companies /

HVAC distributor Watsco Inc. and manufacturer Carrier Corp., a unit of United Technologies Corp., are moving forward with their plans to form a joint venture that will distribute Carrier, Bryant and Payne products throughout the U.S. Sunbelt, Latin America and the Caribbean.
 
The U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 related to the joint venture.
 
Watsco and Carrier's joint venture will be named Carrier Enterprises LLC. The venture will operate 110 locations in 20 states and Puerto Rico, the Caribbean and Latin America and serve more than 19,000 air conditioning and heating contractors.
 
Carrier will contribute 95 locations in the U.S. Sunbelt and ...

Watsco, Carrier Corp. Joint Venture Moves Forward Read More »

April Machine Tool Consumption Down 70.7% YTD

Leave a Comment / Subscriber Only, Research & Analytics, News, Free, Economic Trends /

April U.S. manufacturing technology consumption totaled $97.04 million, according to the Association For Manufacturing Technology and the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was down 41.5% from March and down 77.7% from the total of $435.34 million reported for April 2008. With a year-to-date total of $497.40 million, 2009 is down 70.7% compared with 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.

Industry executives have speculated whether we have reached the bottom of this current economic downturn, said Douglas K. Woods, AMT president. "The 41% drop in ...

April Machine Tool Consumption Down 70.7% YTD Read More »

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!