July Cutting Tool Orders Down 12.7% from June, Up 4% YoY
Cutting tool consumption totaled $189.6 million, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
News
Advance: Durable Goods Orders Up 0.2% in August
Machinery, up four of the last five months, led the increase at $0.2 billion or 0.5% to $37.8 billion.
Sandvik Coromant Launches New Brand Identity
Metal-cutting tool manufacturer Sandvik Coromant launched a new brand identity as part of a strategic transformation of its operations.
Diablo to Add Large Warehouse/DC in North Carolina
The new Diablo Super Center facility will double its current U.S. storage capacity and feature the most advanced technology.
FedEx, Dexterity AI Team on Robotics Truck Loading
The partnership will allow FedEx to leverage AI-powered robotic technology to load boxes into trucks and trailers.
HVAC Wholesaler Heritage Distribution Acquires AMSCO Supply
AMSCO will continue to operate under its own brand, in both distribution and marketing, according to a news release.
FTC & 17 States Sue Amazon Over Antitrust Laws
Several states and the federal agency claimed that Amazon's anti-discounting practices punished merchants for offering lower prices elsewhere, in violation of antitrust laws.
Holston Gases Makes Promotions
The company distributes industrial, medical and propane gases, in addition to welding, safety and industrial supplies across the U.S.
Seco Tools Rebrands with New Look
The logo is an evolution of the old one, built on the 'iconic colors as being bright and positive is a huge part of Seco,' the company said.
Viega to Build New PVF Press Plant in Ohio
The 180,000-square-foot plant will break ground in November and is expected to be operational in early 2025, the company said.
Formerly Allied Motion, Allient Acquires Sierramotion
Sierramotion specializes in designing and engineering turn-key motion components and mechatronic solutions.
Triad Technologies Grows in Midwest, Acquires Tech-Syn
Tech-Syn is a distributor of seals, O-rings, hoses, fittings and other related products sold to a wide array of industrial customers.
Ferguson Expects Flat 2024 Sales, Details Acquisitions
The company added $780 million in combined revenue from acquisitions during its fiscal 2023, which ended July 31. Find a recap of the distribution giant's financials.
White Cap Announces January CEO Succession Plan
White Cap's current President Alan Sollenberger will succeed CEO John Stegeman, who will retire in late January 2024.
BigCommerce Launches New B2B Edition Invoice Portal
The portal is for large B2B suppliers, manufacturers, distributors and wholesalers to help modernize the invoice payment process.
Henkel Adhesives Develops Internal Sustainability Assessment
Adhesives supplier Henkel Adhesive Technologies developed an assessment to create transparency on the sustainability of its products.
AD Adds Canada Building Supplies Business Dev. Leader
Stephane Gaumond has joined the organization as Director, Business Development for the Building Supplies – Canada division.
Evergreen Supply Network Begins CEO Search
Evergreen Supply Network opened the search for the company's next CEO following the resignation of Bill Ward in August.
Amazon to Invest up to $4B in AI Provider Anthropic
As part of the deal, Anthropic would use Amazon's custom chips to build and deploy its AI software, the WSJ reported.
HD Supply Appoints Company Veteran Marc Brown as CEO
HD Supply named Marc Brown CEO. Brown most recently served as The Home Depot's Senior Vice President of Supply Chain.
