Distribution Industry News

Manufacturing and construction job gains in January

With gains in manufacturing and construction jobs, the unemployment level inched downward last month.

Productivity increased in Q4

Nonfarm business sector labor productivity increased at a 0.7 percent annual rate during the fourth quarter of 2011, the U.S. Bureau of Labor Statistics reported today.

Sandvik earnings fall

Despite a 9% increase in sales for the fourth quarter, Sandvik AB reported that its earnings fell for the period.

Snap-on sales rise 5.7%

Snap-on reported fourth quarter sales increased 5.7% to $736.6 million.

DXPE acquires Mid-Continent Safety

DXP Enterprises Inc. announced the completion of the acquisition of Mid-Continent Safety LLC, a distributor of safety products in the Midwest.

Manufacturing expansion into 30th month

Manufacturing continued its growth in January, according to the nation's supply executives in the latest Manufacturing ISM Report On Business.

Applied Industrial acquires Quebec distributors

Applied Industrial Technologies has acquired Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey.