Amazon to Slash Another 9,000 Jobs
The layoffs will occur within “the next few weeks,” according to Amazon CEO Andy Jassy.
Amazon to Slash Another 9,000 Jobs Read More »
News
Distribution Solutions Group Files Shelf Registration Statement
The move would allow DSG to register one or more future offerings of up to $500 million of equity and debt securities of the company.
Distribution Solutions Group Files Shelf Registration Statement Read More »
Rexel Gets 3-Year USPS Contract for EV Charging Stations
The contract includes a potential maximum of 41,500 stations, which can be ordered during the contracts period of performance.
Rexel Gets 3-Year USPS Contract for EV Charging Stations Read More »
U.S. Industrial Production was Flat in February
The index for industrial production remained unchanged in February after increasing 0.3% in January.
U.S. Industrial Production was Flat in February Read More »
Turtle Marks 100 Years with New Brand Identity
The company has also launched a new cybersecurity consulting business line, addressing key challenges its customers face.
Turtle Marks 100 Years with New Brand Identity Read More »
Coburn Supply Acquires Bay Electric in Texas
Beaumont, Texas-based Coburn Supply is a distributor of HVAC, electrical and plumbing products.
Coburn Supply Acquires Bay Electric in Texas Read More »
Massive ‘World Logistics Center’ to Break Ground in SoCal
The 40.6-million-square-foot warehouse project could create more than 33,000 construction and operations jobs.
Massive ‘World Logistics Center’ to Break Ground in SoCal Read More »
Japanese Manufacturer Nidec Acquires Midori Precisions
Midori Precisions develops, manufactures and sells potentiometers, encoders and other electronic components.
Japanese Manufacturer Nidec Acquires Midori Precisions Read More »
Major U.S. Freight Rail Merger Approved After Two-Year Review
Canadian Pacific’s $31 billion acquisition of Kansas City Southern represents the first major railroad merger in over 20 years.
Major U.S. Freight Rail Merger Approved After Two-Year Review Read More »
February PPI Unexpectedly Falls 0.1%
There was an unexpected drop in producer prices in February, and January’s price rise was not as large as initially anticipated.
February PPI Unexpectedly Falls 0.1% Read More »
Data: Construction Input Prices Expand 0.4% in February
Overall construction input prices are 2.6% higher than a year ago, reports Associated Builders and Contractors.
Data: Construction Input Prices Expand 0.4% in February Read More »
Whelan Machine & Tool Acquired by Holding Firm Ajax Defense
Whelan has been acquired by Ajax Defense, a holding company that invests in small businesses in the aerospace and defense industries.
Whelan Machine & Tool Acquired by Holding Firm Ajax Defense Read More »
January U.S. Manufacturing Sales Tick Up, Inventory Dips
Manufacturers’ and trade inventories for January 2023 were down 0.1% from December 2022 — but up 11.1% from January 2022.
January U.S. Manufacturing Sales Tick Up, Inventory Dips Read More »
Hand Tools Maker Gray Tools Adds Warehouse Near Minneapolis
The strategic location will carry a large inventory from Gray Tools and its Dynamic line, and a selection of Grip-on branded products.
Hand Tools Maker Gray Tools Adds Warehouse Near Minneapolis Read More »
Reece Group Acquires HVAC Distributor Barsco in Texas
Barsco is a distributor of refrigeration and HVAC equipment, parts and supplies throughout 12 locations in Texas.
Reece Group Acquires HVAC Distributor Barsco in Texas Read More »
Stellar Industrial Named supplyFORCE’s ‘22 Member of the Year
This is the third time Stellar Industrial Supply has won the award; the company also was chosen in 2013 and 2016.
Stellar Industrial Named supplyFORCE’s ‘22 Member of the Year Read More »
ABC’s Construction Backlog Indicator Increases in February
Backlog continues to hover around highs not seen since the beginning of the COVID-19 pandemic.
ABC’s Construction Backlog Indicator Increases in February Read More »
Univar Solutions Going Private in $8.1B Deal
The transaction between the chemicals and food ingredients distributor and private equity firm Apollo is expected to close in the second half of 2023.
Univar Solutions Going Private in $8.1B Deal Read More »
Tires & Wheels Supplier OTR to Open Plant in Mexico
The company may add wheel-manufacturing capabilities, enhancing capacity for customers in Mexico and also the U.S. and Canada.
Tires & Wheels Supplier OTR to Open Plant in Mexico Read More »
HARDI, EGIA Partner to Strengthen Both Associations
The two sides said they will explore ways to enhance participation for their membership bases’ involvement in talent and training programs.
HARDI, EGIA Partner to Strengthen Both Associations Read More »
