Airgas has acquired Industrial Welding Supplies of Hattiesburg, a Mississippi-based supplier of industrial and medical gases that operates as Nordan Smith. The acquisition is expected to expand Airgas' distribution chain in Mississippi, Arkansas and Alabama.
Transportation and logistics companies are headed for a labor shortage, and the industry is having a tough time appealing to younger workers, according to a study by PricewaterhouseCoopers. Among the issues facing the industry are a negative image, an aging workforce and a lack of gender diversity, according to PwC.
Economic forces affecting the trucking industry make it vital for shippers to add value in their relationships with carriers, Mark B. Solomon writes. Trucking companies are looking for shippers that provide a lot of data, treat drivers well and keep the lines of communication open, experts say.
Companies that undervalued their human capital during the recession may run into trouble during the recovery, employment experts say. The rush to add employees could also backfire if companies don't make the necessary investments to train and onboard recruits. You have to believe "that helping your human capital be more knowledgeable and better trained is going to produce better results down the road," Aquaspy Chief Financial Officer Cynthia Jamison says.
Avnet has announced the purchases of Round2 Technologies and Nexicore Services. Avnet expects to finalize the Round2 deal next month. Meanwhile, Nexicore filed for Chapter 11 bankruptcy as part of the asset sale to Avnet.