If finalized, the OSHA rule would hold distributors to standards to address extreme heat, including mandatory paid work breaks in some cases.
The company updated corrective actions it’s taken in the wake of complexities in MSC’s web pricing realignment rollout from earlier this year, which directly weakened sales and profits.
Missing economists’ expectations of an increase, the latest PMI reading indicated contraction for the 19th time in 20 months.
The company also acquired a Canada-based JanSan distributor earlier in June.
PMA said its members report a general sense of uncertainty over industrial demand, the election outcome, and whether tariffs will increase.
It marks the 17th branch location for Mobile, AL-based TFI.
The two companies had combined revenue of just over $20 million in 2023 and have 58 employees.
Industrial distributors Global Industrial, Grainger, Lawson and MSC joined an eCommerce platform for the nonprofit and public sectors.
As Ameripipe’s ninth U.S. location, the branch will provide fire protection contractors in Miami with Victualic products and fabricated pipe.
Honeywell says CAES will enhance its defense tech solutions across land, sea, air and space, including new electromagnetic defense solutions.
They include the B2B marketplace’s App Center, a bulk order quote feature and more.
The distributor saw sequential improvement in 4Q as volume growth across major product lines was partially offset by steel price deflation.
