Wholesale Trade’s Record Year: Sales Increase 22% to $7.1 Trillion
The increase in revenues is well above 2019 and 2020 as U.S. inflation rises to its highest level since 1982.
February 10, 2022
BLS: Inflation Reaches 40-Year High
Over the past year, the Consumer Price Index for All Urban Consumers increased 7.5% before seasonal adjustment, the highest since 1982.
JGB Enterprises Adds 2 Execs
The company added VP of Industrial Sales Benjamin Judd and VP of Government Services Michael Hawn to its senior leadership team.
RBC 3Q Sales Jump 83%
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
NAHB: Soaring Costs Lower Housing Affordability
Just 54% of new and existing homes sold between October and December were affordable to families earning the U.S. median income.
Descartes Acquires NetCHB
SaaS provider Descartes Systems Group announced it acquired NetCHB, a U.S. provider of customs filing solutions.
