Distribution Industry News
NAM releases annual Labor Day report
The National Association of Manufacturers (NAM) released its annual economic report entitled "Labor Day 2010: The Impact of Anti-Labor Policies on Working Men and Women."
Manufacturing employment falls
Factory workers started the Labor Day weekend with the grim news that the manufacturing industry lost 27,000 jobs in August.
Durable goods orders increased in July
New orders for manufactured durable goods increased $0.6 billion or 0.3 percent in July to $193.0 billion, the U.S. Census Bureau announced today.
Manufacturing productivity rises
Manufacturing sector productivity grew 4.1 percent in the second quarter of 2010, the U.S. Bureau of Labor Statistics reported today.
Regal Beloit acquires Dutch motor maker
Regal Beloit Corporation has acquired Rotor B.V. headquartered in Eibergen, the Netherlands.
Simpson completes Dura-Vent sale
Simpson Manufacturing Co., completed the sale of substantially all of the assets of its subsidiary, Simpson Dura-Vent Company to M&G Dura-Vent Inc.
Lawson Products sells Assembly Component Systems
Lawson Products announced the sale of its Assembly Component Systems Inc. subsidiary to Supply Technologies LLC, a wholly owned company of Park-Ohio Holdings Corp.
Construction spending fell in July
Construction spending fell by 1 percent in July compared to June, according to the Department of Commerce.
ISM: Manufacturing expanded in August
Economic activity in the manufacturing sector expanded in August for the 13th consecutive month according to the Institute for Supply Management.
Smidler takes reins at Kaman Industrial Technologies
Steven J. Smidler has assumed the role of president of Kaman Industrial Technologies Corporation (KIT).
Manufacturers wary about hiring
Business leaders in the manufacturing space are pessimistic, with only a third (33%) expecting the U.S. economy to improve in the next six months, according to Grant Thornton's quarterly survey of U.S. business leaders.
Texas manufacturing stalls
Texas factory activity weakened during the month of August, according to the Dallas Federal Reserve.
