Economics & Market Data

The latest BLS figures do not indicate an across-the-board manufacturing contraction. They do show that displacement has accelerated among manufacturers, particularly durable goods producers.

Titan’s agriculture business, its largest segment, reported second-quarter sales of $310.2 million, down 10.3% from $345.8 million a year earlier. The company attributed the decline to softer equipment demand as farmers continued to face pressure on profitability.

In its court-supervised restructuring, RNDC said it intends to pursue potential sales while carrying out an orderly wind-down of its remaining operations.

U.S. net sales increased 9.33% from the previous fiscal year, while Canadian net sales rose 14.04%, according to CES. The privately held company did not disclose total sales in dollars.

Several categories closely tied to industrial distribution also posted gains. Primary metals orders increased 1.5%, while machinery orders rose 1.2%. Overall capital goods orders increased 1.3%.

Walmart is building something different in distribution: a network connecting commerce, fulfillment, supplier logistics, local delivery, business purchasing and now commercial facilities maintenance.

The closure ends eight decades for a regional distributor that supplied specialty building materials across a multistate territory.