Distribution Industry News
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Dakota Supply Group Expands in Minnesota
The new location officially opened on July 19, 2023.
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Motion Industries Sales Up 5.9% in Second Quarter 2023
Parent company Genuine Parts Co. reports sales up 7.2% YTD.
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Martin Inc. Taps New Executive Vice President, IT and Operations
Scott Feldbush will be its new Executive Vice President of IT and Operations.
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Housing Starts Down 8% in June 2023
Building permits were also down from May.
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ASA Reports Member Sales Up 5% in May 2023
ASA reported that May sales are up 13% from April 2023.
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Industrial Production Dropped 0.5% in June
Manufacturing output decreased by 0.3% in June.
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May 2023 U.S. Cutting Tool Orders Up 16.1% Year to Date
Year over year, cutting tool orders are up 20%.
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Graybar Acquires Shepherd Electric Supply
Shepherd has 5 locations in Maryland, Virginia and the District of Columbia.
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AZP Multifamily Closes Doors: What Happened?
Fast-growing multifamily MRO distributor was hit with a perfect storm.
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Producer Price Index for Final Demand Increased 0.1% in June
The index for final demand increased by 0.1% for the 12 months ended in June.