Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
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The tentative agreement omits a traditional pension plan while Boeing contends with workforce reductions and financial restructuring.
The company also announced a cost reduction program that includes cutting 1,800 jobs.
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Port operators and the union dockworkers at U.S. East and Gulf Coast reached a tentative labor deal, but the underlying issues remain. NAW's CEO joins the MDM Podcast to talk distribution's response.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
Get a complete breakdown of the distributor's September and 3Q financials, which point to a demand uptick for the industrial supply sector.
The company is evaluating a potential sale after receiving takeover interest, sparking an 8.3% surge in its stock amid market challenges.
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The company refinanced its debt with a Senior Secured Term Loan B, securing $105 million to support future growth initiatives.
A company memo says the policy will help corporate staff understand the challenges and opportunities that store workers face every day.
The survey reveals rising costs and tightening profit margins, highlighting trends in warehouse pricing and labor expenses from 2022 to 2024.
Allowing Honeywell to focus on three core trend areas, the sale will create a publicly traded company aiming to capitalize on demand for specialty chemicals and technologies.
Accurate forecasting is a persistent challenge, and a lot stands in the way of improving visibility. This piece addresses how distributors are making headway on that front.
Assembly Bill 98 requires specific standards for California’s industrial warehouses, facing criticism from environmentalists and businesses.
CEO Chris Kempa emphasized the company's commitment to minimizing the disruption to associates, retailers and vendor partners.
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The agreement likely averts any major consumer-level impact on prices and delivery timelines.
The company strengthens its market position and geographic reach with the combined $135 million additions of APSCO, Blutek and UT Pumps.
The Grenada location will produce Milwaukee Tool’s line of accessories, including SAWZALL blades.
