News
Breaking news in Wholesale Distribution
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.
US LBM Expands in Connecticut with New Roofing and Siding Location
Building materials distributor US LBM grows product offering and reach in New England with new branch in Manchester, Connecticut.
Distributor Bolts & Nuts Rebrands as Stock’d Supply
The new Stock’d Supply brand offers an entire suite of services from custom precision machined components to MRO to safety products.
Manufacturing and Trade Shipments Down in July
The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for July was down 1.2% from last year.
Industrial Production Rises 0.4% in August
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 7.3% below its pre-pandemic February level.
3M’s August Sales Up 2%
3M reports that sales increased 4% in the Americas and 7% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
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