The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, according to a new report.
Operations
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Ferguson Fiscal 1Q Sales Up 26.6%
The company reported 2022 fiscal first-quarter net sales of more than $6.8 billion, a 26.6% increase over the company’s fiscal 1Q in 2021
Operations
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Fastenal November Sales Rise
Winona, Minnesota-based Fastenal Co. reported last-month sales of more than $524 million, an 18.9% increase over the same month in 2020.
Operations
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Cardinal and Zipline Strike Delivery Deal
Cardinal Health and the instant logistics company joined forces to offer on-demand, autonomous aircraft delivery to pharmacies.
Operations
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Ace Opens Store in Mexico
Ace Hardware International Holdings says the company opened its first store in Monterrey, Mexico, under a new franchise model.
Research
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Nonresidential Construction Employment Rises
The industry added 31,000 net jobs in November, according to an Associated Builders and Contractors analysis of U.S. labor data.
Research
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ISM: Manufacturing Grew in November
The overall economy grew again as the manufacturing PMI registered 61.1%, according to the Manufacturing ISM Report on Business.
Operations
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Beacon Sells Off Solar Products
The roofing material and building products distributor completed a divestiture of its solar products business in a sale to BayWa r.e.
Research
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Oct. Construction Spending Up
Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
Operations
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Platform Raises $16M to ‘Enhance’ Ordering
The e-commerce platform secured funding to improve ordering experiences for distributors servicing restaurants and grocery stores.
Operations
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AllPoints Partners with Dormont
The foodservice supplies provider has agreed to a master distributor relationship with a stainless-steel gas connector manufacturer.
Operations
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Forbes: WESCO Among Best Employers
WESCO International Inc. is one of the World’s Best Employers and one of America’s Best Employers for Women, magazine says.

