For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel’s financials.
The restructuring includes a voluntary retirement offer and “rationalization and optimization” of certain DCs, stores and other facilities.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Meanwhile, gross margin at Resideo’s manufacturing business unit saw solid improvement during 4Q23.
Watsco’s 2023 follows two years of record-setting performances and faces softer comparative market conditions.
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
The figures reflected a broader industrial supply demand slowdown, though Grainger’s 4Q growth deceleration was less than most public firms that have reported so far. Get our full breakdown here.
SBD’s Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
UPS plans to cut 12,000 jobs this year to realize $1 billion in cost savings after both domestic and international volumes have suffered.
While distributors compete with other market distributors on sales, they compete with everyone for talent. Bharani Nagarathnam details three focus areas in which distributors can improve to attract more talent.
