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In The News:

Breaking News in Wholesale Distribution

Health Insurance Premiums Continue Rise

Premiums for employer-sponsored health insurance continue to dramatically outpace the rate of wage increases, and families are now contributing about $1,000 more per year out-of-pocket for health insurance premiums than they did in 2000, according ...
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Kaman Industrial Technologies opens Ontario branch, names exec

Kaman Industrial Technologies opened a new branch inMississauga, Ontario, and also named a new director of strategic process development. The 7,000-square-foot facility will be positioned to serve the needs of the food and beverage, automotive, ...
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Airgas Reports Strong Sales and Earnings Momentum in Second Quarter

Airgas, Inc., Radnor, PA, the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products, reported net earnings for the quarter grew 19% to $22.8 million for its second quarter ended ...
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Machine Tool Consumption up 38.4% in 2004

color=#1c1c1a>August U.S. machine tool consumption totaled $225.52 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 ...
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August Wholesale Sales, Inventories Up

SalesAugust 2004 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $275.8 billion, up 1.2 percent from the revised July level, and were up 15.0 percent ...
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Grainger Details Technology Investments

W.W. Grainger, Chicago, IL, expects to continue installing SAP across the U.S. branch-based organization by the middle of 2005. To date, the company has completed the design and is currently refining the system to maximize capabilities. ...
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Standard Electric Supply buys Industrial Engineering & Equipment

Standard Electric Supply Co., Milwaukee, WI, an electrical and automation equipment distributor, purchased Industrial Engineering & Equipment Co., Wood Dale, IL. It will combine operations with DynaTech LLC, Elk Grove Village, IL, which Standard acquired ...
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DXP Enterprises Beefs Up Supply Chain Focus

DXP Enterprises, Inc., Houston, is putting more of a focus on continuous supply chain management improvements. The company has appointed Vincent Esposito Vice President of Supply Chain Management, where he will immediately assume the management ...
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Prophet 21 Acquires Trade Service Systems

Prophet 21,Yardley, PA, a provider of technology solutions for durable goods distributors, has acquired Trade Service Systems, Inc., a division of TradePower, a technology provider of enterprise software solutions for electrical distributors. Founded in 1969, ...
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Strong Q4 Lifts Applied Annual Financials

Applied Industrial Technologies, Cleveland, OH, reported sales for the full fiscal 2004 increased 3.6% to $1,517.0 million from $1,464.4 million in fiscal 2003. Net income increased 58.7% for the year to $31.5 million compared to ...
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