Xpress Global Systems Names Silva to CFO Role
Chattanooga, TN, May 15, 2023—Xpress Global Systems (XGS), which focuses on nationwide transportation of floorcoverings, has named Roger Silva as its new chief financial officer (CFO).
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
RFCI Adds Two New Members at Spring Meeting
La Grange, GA, May 15, 2023—At its 2023 spring board of directors and associate member meeting at Montage Palmetto Bluff, South Carolina, the Resilient Floor Covering Institute (RFCI) welcomed two new members: Amorim Cork Composites and AM Stabilizers.
Cyncly, Owner of RFMS, Appoints New CRO & COO
London, UK, May 15, 2023—Cyncly, a global provider of software and content solutions and owner of RFMS, named Matthew Blosl chief revenue officer (CRO) and James Hamilton chief operating officer (COO).
Consumer Sentiment Slid 9.1% in Early May, Driven by Debt Crisis Standoff
Ann Arbor, MI, May 12, 2023-Consumer sentiment slid 9.1% in early May, according to preliminary results from the University of Michigan Survey of Consumers.
Fuse Alliance Adds Three New Network Members
Laguna Niguel, May 12, 2023-Fuse Alliance, an organization of professional commercial flooring contractors, has expanded its network with the addition of Commercial Flooring Professionals, Native Flooring, and Sprague Floor Covering.
NAR's Yun Expects Fed to Stop Raising Interest Rates
Washington, DC, May 12, 2023-National Association of Realtors chief economist Lawrence Yun said the Federal Reserve's most recent rate hike was unnecessary, and he expects the Fed will stop raising interest rates further, during the "Residential Economic Issues & Trends Forum" at NAR's 2023 Realtors Legislative Meetings.
Import Prices Rose 0.4% in April, Export Prices Rose 0.2%
Washington, DC, May 12, 2023—Prices for U.S. imports increased 0.4% in April following a 0.8% decline in March, the U.S. Bureau of Labor Statistics reported.
NAHB Explores Highest Paying Occupations in Construction
Washington, DC, May 12, 2023—Half of payroll workers in construction earn more than $54,540 and the top quartile (top 25%) make at least $77,030, according to the latest Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by NAHB.
Alliance Flooring Forms Partnership with Mobile Marketing
Chattanooga, TN, May 12, 2023—Alliance Flooring has formed a new partnership with Mobile Marketing.
Producer Prices Rose 0.2% in April
Washington, DC, May 11, 2023—The Producer Price Index for final demand advanced 0.2% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.