While overall construction spending rose, nonresidential construction spending decreased for the fist time in nearly a year.
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Following a 28-month period of growth, economic activity in the manufacturing sector contracted in June for the eighth consecutive month.
The home improvement retailer recently agreed to pay more than $72M to workers who were denied wages while they were ‘standing around.’
The company announced net sales of $1 billion in the third quarter of fiscal 2023, which ended May 31.
MDM reported 27 mergers and acquisitions among industrial distributors and manufacturers during June, representing a slight slowdown as 2Q wraps up.
The company is investing about $174 million USD in the new location, which could create about 900 jobs by 2027.
By 2024, the company says it will complete its goal by focusing on reducing fixed costs beyond product and transportation expenses.
The April data was revised lower, however, indicating businesses remained cautious about investing amid economic uncertainty.
The new delivery program has a goal of recruiting approximately 2,500 small business partners by the end of this year.
FPC Distribution, Inc. is a foodservice, dry goods and JanSan distributor serving Maryland and Virginia.
The current owners will continue to lead the company’s 'dedicated' team under the Washoe banner, SRS says.
The new facility is projected to be fully operational in 2025 and is expected to create 350 new jobs, the company said.
For its full fiscal 2023 year, the company reported net sales of more than $5.3 billion, a 15% increase over fiscal 2023.
The ceremony was part of the company’s 100-year anniversary, which is being celebrated throughout 2023.
Scott Schuenke discusses Sonepar North America’s growth, evolution and innovation during his 16 years with the company, which culminate with his retirement this month as VP of Strategic Development.
The two are expected to merge operations sometime in 2024 and will operate on a combined basis as Crawford, Sonepar said.
Nine out of 10 manufacturers say they'll increase prices in the second half of this year, according to a new poll.
More than 230 attendees were welcomed at the 2023 AD Electrical Spring Network Meeting in Nashville.
The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.
