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Tag Archives: News

New Tariffs Target Truck Imports

Truck Tariffs

Starting Nov. 1, the U.S. will charge new tariffs on heavy-duty and medium-duty trucks and buses, per an executive order signed by President Donald Trump. Imports of medium- and heavy-duty trucks and associated parts will receive a 25% tariff, with …

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Costello’s Ace Hardware Appoints New Chief Financial Officer

costello's ace new CFO

Costello’s Ace Hardware recently announced the appointment of Michelle R. Grover, CPA, as its new chief financial officer. Bringing over two decades of experience, Grover will oversee the company’s finance department and serve on its executive leadership team. “Michelle’s deep …

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Strong Holiday Spending Expected Despite Economic Uncertainty

NRF Holiday spending 2025

Consumers plan to spend $890.49 per person on average this year on holiday gifts, food, decorations and other seasonal items, according to the National Retail Federation’s (NRF) annual consumer survey conducted by Prosper Insights & Analytics. “Time and again, Americans …

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Koopman Lumber to Acquire Lyon & Billard

Koopman Lumber acquires Lyon & Billard

Koopman Lumber has announced plans to acquire Lyon & Billard, a building materials supplier in central Connecticut. Lyon & Billard currently operates four Connecticut locations, including Berlin, Cheshire, Meriden and East Hampton, and serves customers in parts of Massachusetts, New …

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Builder Confidence Rises in October

Builder confidence October

Builder sentiment levels increased in October as future sales expectations exceeded the 50-point mark for the first time since January 2024, according to the National Association of Home Builders (NAHB). Builder confidence in the market for newly built single-family homes …

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