News
Breaking news in Wholesale Distribution
Winsupply Breaks Ground on Richard W. Schwartz Center for Innovation
Winsupply Inc., Dayton, Ohio, broke ground Wednesday on the future home of the Richard W. Schwartz Center for Innovation, a facility that will also be the new home of Winsupply of Dayton.
Pandemic Revenue Index Shows Nice Gain in Non-Holiday Week
Indian River Consulting Group’s weekly PRI for the work week of Sept. 14-18 indicated a sales increase of 4.9% versus the same week in 2019, which is the largest increase outside of a week distorted by a holiday.
SKF Invests in North America Manufacturing Footprint
Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.
Veritiv Names Salvatore Abbate CEO
Other C-suite moves at Veritiv include the retirement of Mary A. Laschinger, current chairman and CEO, and the appointment of Stephen E. Macadam as chairman of the board.
United Rentals Announces Departure of Chief Commercial Officer
Paul McDonnell will step down from United Rentals; his duties will be handled by COO Dale Asplund.
Chicago Fed National Activity Index Declines to +0.79 in August
Latest Chicago Fed National Activity Index (CFNAI) shows that two of four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from July.
Hammond Lumber Company Announces New Senior Leadership Team
Fourth-generation, family-owned Maine company makes internal promotions within senior leadership team and adds several new roles.
U.S. Cutting Tool Consumption Drops 30.6% in July
Latest report shows U.S. cutting tool consumption down 8.5% from previous month of June, while year-to-date total is down 21.2% from same period of 2019.
EPTDA AGM Appoints Board of Directors, President for 2021/22
EPTDA — the executive association for industrial distribution distributors and manufacturers across Europe, the Middle East and Africa — this week announced the appointment of its new 2021/22 board of directors and president, effective 1 October 2020.
Tough Labor Day Comp Sinks Latest Pandemic Revenue Index
Distributor sales drop 12.7% for the week of Sept. 7-11 due to the Labor Day holiday falling within that time frame, according to the latest Indian River Consulting Group PRI.
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