Sliding new orders, employment, supplier deliveries and prices all factored into the latest reading, which showed further deceleration in expansion.
Mergers & Acquisitions
Article
Imperial Dade Acquires Distributors in Alabama & Quebec
They mark the 54th and 55th bolt-ons for Imperial-Dade under the leadership of Robert and Jason Tillis.
Leadership
Article
Sonepar Appoints 2 SVPs to Lead Digital Transformation
The positions are for SVP of digital enterprise and SVP of business relationship management and data insights.
Plumbing Products & PVF Distribution
Article
ProSource Supply Sold from One PE Firm to Another
ProSource operates seven plumbing, lighting and residential hardware showrooms across North and South Carolina.
Trends Report
Article
Breaking Down Amazon Business’ New eProcurement Report
Amazon Business’s second annual Procurement Report shed some light on the state of the distribution industry and where it might be headed.
Electrical
Article
Sonepar USA to Acquire Electrical Distributors PEPCO, Basin-River
PEPCO adds 10 branch locations and an expected $300 million in 2022 revenue to Sonepar, while Basin River adds a single branch.
Human Resources
Article
Grainger Named a Best Workplace for Women by Fortune
The MRO products giant outlined numerous initiatives it sponsors to support women in the workplace.
Operations
Article
LeadSmart, Moblico Announce Strategic Partnership
The two companies on Sept. 23 jointly announced a strategic partnership and technology integration plan.
Economic Trends
Article
CFNAI Index: Growth Moderated in August
Led by declines in production-related indicators, the Chicago Fed National ActivityIndex decreased to a neutral value in August from +0.29 in July.
Earnings
Article
FedEx Raising Shipping Rates by 6.9% Outlines Cost Cuts
The company’s June-August revenue increased slightly on higher fees, while profits fell considerably.
Earnings
Article
Grainger Expects Sales to Near $20B by 2025
The MRO products giant’s annual Investor Day event outlined the company’s three-year performance projections, which include continued strong sales growth.
Featured Breaking News
Article
FedEx to Slash Costs Over Dim Earnings Forecast
Among other cuts, the company says it is reducing flights and closing 90 office locations after projecting major revenue shortfalls.

