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The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both declined in December.
Like most companies, Applied continued to be impacted by the COVID-19 crisis and saw year-to-date sales fall 11.3% over the same period in 2019.
Year to date, sales increased 2.5% to $9.4 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
United Rentals also reported that sales for the fourth quarter of 2020 fell 10.1% compared to the same period of 2019.
Former Snap-on exec will lead the buying group’s Industrial and Safety–U.S. and Safety Network divisions.
Increase of manufactured durable goods is the eighth in a row since May; this growth period was preceded by two decreases during the height of the coronavirus crisis.
Though revenue was flat, the diversified manufacturer posted double-digit profit growth in a year dominated by COVID-19 and pandemic-related product sales.
Bill Matthews replaces Pete Biocini, “who passed away after a brief illness in November,” the company said in an email.
Industrial automation and digital transformation provider names Scott Genereux and Brian Shepherd to the company’s executive leadership team
Building materials distributor debuts roofing and siding locale in the city of New Castle.
