Industry News Archive

ICP Ambassadors Make Face-to-Face Connections with Future Industrial Distributors

The future is upon us. Millennial employees now outnumber Baby Boomers in the workforce. And, those numbers will only increase with the passage of time as Baby Boomers continue to retire at a rate of four million per year. For industrial distributors, that means a massive shift...

PTDA Welcomes Three New Distributor Members

Chicago, Ill.—April 13, 2015—The Power Transmission Distributors Association (PTDA), the preeminent association for the industrial power transmission/motion control (PT/MC) distribution channel, recently welcomed three new distributor member companies. BK Industrial Solutions, LLC (Beaumont, Texas) is a distributor of motors, material handling/conveyor systems and components, bearings and mechanical...

Motion Industries releases video on proper bearing handling and storage

Motion Industries, a distributor of industrial maintenance, repair, and operation (MRO) replacement parts, has released a new Tom’s Toolbox video that highlights the importance of proper handling and storage of bearings.

Development of “Grease Lubrication Type High Speed Deep Groove Ball Bearing” for EV/HEV

NTN Corporation (hereafter, NTN) has developed the “Grease Lubrication Type High Speed Deep Groove Ball Bearing” with double the rotational speed compared to conventional products and the industry’s highest level high-speed rotation for use in motors mounted in electric vehicles (EV) and hybrid vehicles (HEV). There is...

SKF signs strategic partnership agreement with Chinese wind power gearbox manufacturer

“We are welcoming the strategic partnership agreement since it will invigorate our already existing cooperation further. We hope for a close collaboration where we can combine our skills with goal to develop competitive solutions for the wind energy market,” says Sunny Chan, SKF Sales Director, Energy and...

Predictive Analytics Let Manufacturers See More Clearly into their Supply Chains

Not that long ago, supply chain visibility tended to be an internally-focused process, one that allowed manufacturers to know when exactly they could expect to receive inbound goods and materials from their suppliers so they could plan and adjust their production schedules. While that’s still an important...

PTDA releases digital Power Transmission Handbook

The PTDA has released the Power Transmission Handbook eBook. This digital version of the new and improved fifth edition of the Power Transmission Handbook is a highly regarded comprehensive primer on the products, technology and concepts in the power transmission industry. The handbook is an excellent primer...

Anderson-Crane brings 71 years expertise to IDC-USA

IDC-USA welcomes their newest distributor, Anderson-Crane Rubber Company, Inc. Co-founded in 1944 by RW Crane I and Guy Anderson, Anderson-Crane is a third and fourth generation family owned and operated business. Headquartered in Minneapolis with branch stocking centers in MN, ND and SD, Anderson-Crane is a total...

Industrial Production for February Inches Up, Misses Estimate

Factory production edged up in February by 0.1% after a revised down 0.3% fall in January. The numbers still fell short of analysts’ 0.2% predicted rise. Despite the slight gain, the report from the Federal Reserve showed manufacturing production dropped 0.2% while the mining industry fell by...

Industrial Distributors Should Look To Grow Through Oil & Gas Market

According to the U.S. Energy Information Administration, the U.S. ranks second in the world in both oil consumption and total oil production. Information and analytics firm IHS Global Inc. also projects that “an average of greater than $80 billion will be invested annually in U.S. midstream and...