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In The News:

Breaking News in Wholesale Distribution

Fastenal’s Sales Up 7.9% in Fiscal 2Q

June sales increased 1.9% over the year-ago period.
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GPC Acquires PartsPoint Group

PartsPoint is a distributor of automotive aftermarket parts and accessories in the Netherlands.
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MSC’s Sales Up 4.6% in Fiscal 3Q

Sales were up 6.6% in the first nine months.
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WESCO International Partners with Descartes Systems Group to Enhances North American Distribution Operations

WESCO International is using the cloud-based Descartes Route Planner On-demand solution to help customers enhance delivery services and supply chain performance.
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Core & Main Completes Acquisition of Long Island Pipe

The acquisition, Core & Main’s seventh since becoming an independent company in August 2017, adds more than 20 fire protection locations to Core & Main’s footprint.
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Amazon Warehouse Staff Plan Strike Over Working Conditions

Workers in Minnesota are planning to strike during Prime Day on July 15, one of the company’s biggest sales events.
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84 Lumber Names CPO

Troy Dally previously served as a senior vice president at Lowe’s.
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ITT Acquires Matrix Composites

Matrix Composites will expand ITT Connect and Control Technologies’ core aerospace product and technology capabilities.
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Manufacturing Employment Adds 17,000 jobs in June

The unemployment rate was little changed at 3.7% during the month.
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The Goods and Services Deficit Increased in May

Year-to-date, the goods and services deficit increased 6.4% from the same period in 2018.
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