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The 2.25-million-square-foot warehouse is scheduled to open in 2025.
The change is part of Allied's strategy to 'transform from a products-based business in motion control to a solutions-oriented company.'
As a result of the consolidation, about 500 Republic Steel employees will be furloughed indefinitely.
Amazon is already using AI to sort damaged goods, while Walmart uses ChatGPT to negotiate contracts with some suppliers.
New orders of manufacturing technology totaled $411.3M in June, according to the latest U.S. Manufacturing Technology Orders Report.
The company says the acquisition expands its beverage packaging capabilities and strengthens its position in North America.
The distributor also announced a new leader for its Industrial Parts and Engineered Repair Services segments.
It adds 18 locations and 220 employees to Border States as its first acquisition in 18 months.
July's PPI increased at a faster pace in July vs. June, with core CPI posting its biggest one-month increase since February.
Net sales for the quarter were down 3% from 2022, while net income attributable to Masonite dropped 18%.
