U.S. cutting tool consumption declined in December as economic uncertainties and a stagnating aerospace market shape a slower recovery in 2025.
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GPC’s 2024 results show overall sales growth driven by acquisitions and favorable currency impacts, while its industrial parts subsidiary, Motion, continues to face sales declines.
The company reported growth in its eCommerce and mobile apps for both the full year and 4Q, with additional initiatives planned for 2025.
AFC Industries opened a new facility in Mexico to enhance its supply chain solutions and strengthen its presence in the country’s industrial corridor.
SprayEZ is a manufacturer, assembler and distributor of spray foam insulation rigs and supplies, operating from two locations in Oklahoma and Florida.
Industrial production increased in January, driven by gains in utilities and business equipment despite declines in manufacturing and mining.
The companies said that the merger enhances its distribution capabilities and broadens its product portfolio.
Sonepar said its subsidiaries are combining to enhance operations in Michigan and northern Indiana.
Two industry veterans join R.S. Hughes to strengthen its supply chain and marketing strategy.
We're off Monday in observance of Presidents' Day in the U.S., so Update will be back in action Tuesday morning.
DNOW’s earnings show strong U.S. and Canada sales growth, but a decline in international performance, with the company projecting flat-to-modest growth for 2025.
AD’s Independent Electrical Supply Division gave an update on its membership following the integration of former IMARK Electrical members.
Rexel reported that positive momentum in North America slightly offset the softer conditions in Europe, notably in the company’s electrification segment.
Wholesale prices remained particularly elevated in January, driven by increases in both final demand and core prices.
California-based Thompson Industrial Supply is a distributor of bearings, gear reducers, motors, hydraulics and more, catering to large and small businesses.
The new facility features temperature control, diverse storage options and enhanced operational efficiency to better serve its customers.
The Consumer Price Index rose month-to-month and year-over-year, both surpassing expectations with increases in shelter, food and core inflation.
Founder of Fastenal and former Minnesota State Senator Bob Kierlon spearheaded the company’s growth and contributed to community development and philanthropy.
It's set to form a leading material handling and motion control supplier with annual revenues of about $2.1 billion.
The new president brings over 27 years of executive leadership experience and is expected to drive growth while strengthening the company’s commitment to its customers.
