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The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for March increased 18.5% from the same month in 2020.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.4% during the month.
Amazon is offering potential employees $100 if they’ve already been vaccinated and signing bonuses of up to $1,000.
Despite the year-over-year increase, Alibaba Group posted a net loss in 4Q due to a $2.8 billion antitrust fine last month.
Supply chain issues and rising cost of materials slow cutting tool industry’s rebound from COVID.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
Atlas Copco’s newest asset, MidState Air Compressor, has 15 employees and covers markets in Connecticut, Rhode Island and Massachusetts.
Miami-based Watsco has added Acme Refrigeration, whose 2020 revenues were $60 million, to its portfolio.
SiteOne Landscape Supply, the Georgia-based distributor of landscape supplies, has added California-based distributor Rock & Black Hardscape Supply to its portfolio.
Air Supply’s second quarter results negatively impacted by COVID-19 and severe winter storm on Gulf Coast.
