Electrical distributor Sonepar has partnered with an U.S. Army program that connects soldiers with employers.
Legal & Regulatory Issues
Article
Report: FTC Prepping Major Suit Against Amazon’s Marketplace
The FTC plans to file a lawsuit alleging Amazon disadvantages sellers who don’t use Amazon’s logistics services, Bloomberg reports.
Earnings
Article
MSC Raises Outlook After 3Q Daily Sales Uptick
MRO and metalworking supplies distributor MSC Industrial Supply reported double-digit sales growth for the fifth consecutive quarter.
Earnings
Article
Acuity Brands 3Q Margins Expand Despite Sales Slide
The company announced net sales of $1 billion in the third quarter of fiscal 2023, which ended May 31.
Mergers & Acquisitions
Article
June M&A Recap: Pace Cools Despite High-Dollar Deals
MDM reported 27 mergers and acquisitions among industrial distributors and manufacturers during June, representing a slight slowdown as 2Q wraps up.
Operations
Article
Canada West Coast Port Workers to Begin Strike July 1
More than 7,000 dockworkers at West Coast ports in Canada plan to strike on July 1 after “running out of options at the bargaining table.”
HVACR
Article
Marcone Earns HVAC Industry Awards
The honors reflect Marcone’s dedication to partnering with leading OEMs and dealers to ensure efficient distribution, the company said.
The annual awards were announced at the 2023 Clean Team Exhibit & Conference held at the Sandestin Golf and Beach Resort in Florida.
Operations
Article
Bosch Rexroth Opens Pumps, Motors & Valves Plant in Mexico
The company is investing about $174 million USD in the new location, which could create about 900 jobs by 2027.
Operations
Article
Home Depot Initiative Aims for $500M in Supply Chain Savings
By 2024, the company says it will complete its goal by focusing on reducing fixed costs beyond product and transportation expenses.
Economic Trends
Article
Core U.S. Capital Goods Surprisingly Rise Again in May
The April data was revised lower, however, indicating businesses remained cautious about investing amid economic uncertainty.
Operations
Article
Amazon Taps Small Businesses for Last Mile Delivery Network
The new delivery program has a goal of recruiting approximately 2,500 small business partners by the end of this year.

