MSC’s March-May Sales Down 7.1%, Profit Falls 25%
Metalworking and MRO supplies distributor MSC Industrial Supply reported its 2024 fiscal third quarter results on July 2, affirming the declines that the company detailed in its preliminary results...
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U.S. Construction Spending Has 1st Decline in 19 Months
U.S. construction spending unexpectedly fell in May, marking its first month-to-month decline since October 2022. Spending in May was estimated at a seasonally-adjusted annual rate of $2.134 trillion,...
View ArticleOSHA Proposes Federal Rule to Guard Workers from Extreme Heat
The Occupational Safety and Health Administration proposed a rule that would hold distributors, manufacturers and other general industry and construction employers to new standards to address excessive...
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NAW Launches Legal Policy Center
The National Association of Wholesaler-Distributors has launched the NAW Legal Policy Center (LPC) in an initiative that the group said will empower distributors to contest federal regulations. Led by...
View ArticleNo MDM Update Newsletter Thursday or Friday
Hey, MDM readers, MDM won’t deploy an Update newsletter on Thursday, July 4 or Friday, July 5. It will be back in action on Monday, July 7. You can find all the latest MDM content on MDM.com. We wish...
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MCE Acquires Romanoff Industries
Zelienople, PA-based industrial and fluid power distributor Motion & Control Enterprises (MCE) acquired electric motor distributor Romanoff Industries to expand its offering. This deal follows the...
View ArticleAir Hydro Power Acquires Baker Bohnert in Louisville
Louisville, KY-based hydraulics, pneumatics, automation and hosing distributor Air Hydro Power acquired the assets of industrial distribution Baker Bohnert. Also based in Louisville, Baker Bohnert has...
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