The U.S. economy added 162,000 in August as hiring was unexpectedly up during the month, according to the U.S. Bureau of Labor Statistics’ latest report. The unemployment rate was unchanged at 4.1%, and the number of unemployed people changed little …
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Hancock Lumber Begins Construction on New Oxford Facility and Appoints Facility General Manager
Hancock Lumber recently hosted a ceremonial groundbreaking event for the company’s 44,000-square-foot Oxford facility and celebrated the official hiring of Brian Mills as the facility’s general manager. Once complete, the Oxford facility will feature advanced automation and the latest technology …
Read More »ECI Software Solutions Launches Ambassador Community to Drive Industry Evolution and Support Customer Growth
ECI Software Solutions Inc. recently announced the upcoming launch of the ECI Ambassador Community, a network of forward-thinking professionals dedicated to excellence, leadership and driving industry evolution. The community will serve as a platform for professional growth, providing members with …
Read More »Hillman Solutions Acquires Campbell Chain & Fittings
Hillman Solutions Corp. announced it has acquired the Campbell Chain & Fittings (“Campbell”) business, a premier manufacturer and supplier of industrial chain-related products, from Apex Tool Group, LLC. This acquisition expands Hillman’s position within the industrial MRO sector of the …
Read More »New U.S. Tariffs Expected to Impact Supply Chains and Prices
President Donald Trump announced tariffs on nearly all U.S. trading partners on April 2. These measures include a universal 10% tariff on all imported goods, effective April 5, 2025, with additional country-specific tariffs commencing April 9, 2025. Notable increases involve …
Read More »STIHL Celebrates 50 Years of U.S. Manufacturing
STIHL is celebrating its 50th anniversary of U.S. manufacturing operations. Since establishing its U.S. operations in Virginia Beach in 1974, the company has grown from assembling a single chainsaw model in a 20,000-square-foot facility into a major manufacturer of both …
Read More »True Value Acquires Yenkin-Majestic Consumer Paint Business
True Value Co. and The Yenkin-Majestic Paint Corp., an Ohio-based manufacturer of coatings and coatings resins, announced they have entered into a definitive agreement under which True Value Co. will acquire Yenkin-Majestic’s consumer paint business, producing architectural coatings for home, …
Read More »Retail and Manufacturing Lead 2018 Hiring Boom
Heading into 2018, economists expected hiring to slow due to a tight labor market, as a below-4 percent unemployment rate would make finding workers difficult for businesses. According to The Wall Street Journal, “the opposite has occurred, largely due to …
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