One-third of firms polled said they'll give smaller pay raises this year, and the portion that plan to maintain or give larger raises trails the national average.
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Industrial manufacturing conglomerate 3MÂ appointed outsider William Brown to succeed Michael Roman as CEO in May.
A new four-year contract between Teamsters Local 688 and Graybar in St. Louis includes an hourly wage increase.
WALTER said the addition helps its customers be more productive and confidently approach robotics and automation for their material removal process.
25-year company veteran Veronica Messersmith will spearhead the company's strategic growth initiatives across North and South America.
Business groups have long opposed a joint employer rule, which hold companies liable for labor law violations by contractors.
Union members in St. Louis reject Graybar's labor contract, seeking pay raises, changes to health care coverage and more.
Full-year operating and net profit jumped more than 40% vs. 2022.
Acquisitions drove nearly all of DSG's growth in 2023, which marked its first full calendar year since forming in early 2022.
Respondents indicated staffing remains their top challenge — though weakening — and that new recent regulations will take significant time and costs to understand and comply with.Â
ELA + Synergy will serve lighting, design and electrical communities in New York, New Jersey, Pennsylvania and Delaware.Â
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
4Q revenues for that segment dipped 1.4% year-over-year.
The strategic partnership will enable material handling equipment and automation distributor Wolter to accelerate its expansion plans.
The plumbing and HVACR distribution giant also updated its plans to ‘domicile’ its ultimate parent company in the U.S. to reflect operations and leadership.
The distributor saw healthy 4Q organic growth, too, with comparable sales up 5.1% excluding GIC's May 2023 acqusition of Indoff.
Wisconsin-based Jorgenson Conveyor and Filtration Solutions will join Innovance's lineup of industrial machine manufacturers.
The specialty building products distributor saw gross margin improve 40 bps year-over-year, though EBITDA fell by a larger margin.
The addition of Fort Worth, TX-based ePicker will boost Big Lift's lithium-powered material handling and forklift offering.Â
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
