Lower Commodity Prices Signal Easing of Inflation for Some
Washington, DC, July 6, 2022-A slide in raw-materials prices is building hopes that inflationary pressure might be starting to ease, reports The Wall Street Journal (WSJ).
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.
Dick Eddy Retires from Sergenian's Floor Coverings
Madison, WI, July 6, 2022-Following 37 years with Sergenian's Floor Coverings, headquartered in Madison, Wisconsin, Dick Eddy has retired as vice president of commercial sales.
Mohawk to Acquire Foss Floors
Dalton, GA, July 5, 2022-Mohawk Industries has entered into an agreement to purchase Foss Floors, "which will add new product categories and create tremendous opportunities for our business," according to a recent memo to Mohawk employees.
AHF Products Picks Cain & Bultman as Distributor for Hartco Products In Southeast
Jacksonville, FL, July 5, 2022-AHF has announced that Florida based flooring distributor Cain & Bultman Inc. will become the supplier for all Hartco-branded products in Florida, Georgia, South Carolina and Alabama.
Some U.S. Officials in Favor of Removing Some Chinese Tariffs
Washington, DC, July 5, 2022-U.S. Treasury secretary Janet Yellen and Chinese vice premier Liu He spoke earlier today about the U.S. tariffs on Chinese goods, as well as China’s non-market economic practices.
I4F to License CFL's Patented Lighter Be-Lite SPC
Hamont, Belgium, July 5, 2022–I4F, a group of companies providing patents and technologies to the flooring industry, has entered into a new technology partnership with CFL Flooring (CFL) to deliver a more sustainable SPC panel production process.
Teamsters Ink New Carpet Contract with Largest Wage Package Ever
Las Vegas, NV, July 5, 2022–Members of Teamsters Local 631 who work under the Convention Industry Carpet Agreement with Shepard Expo and GES unanimously ratified a new four-year collective bargaining agreement that includes the largest wage package ever for this contract, the union reports.
New Federal Law Will Impose Greater Transparency on Ocean Carriers
Washington, DC, July 5, 2022-President Joe Biden has signed the Ocean Shipping Reform Act of 2022 (OSRA), aimed at reducing port congestion and related fees in order to keep goods moving throughout the country.
Construction Spending Inched Down 0.1% in May
Washington, DC, July 1, 2022—Construction spending during May 2022 was estimated at a seasonally adjusted annual rate of $1,779.8 billion, 0.1% below the revised April estimate of $1,782.5 billion, according to the U.S. Census Bureau.
Purchasing Managers Index Declines to Lowest Reading Since June 2020
Tempe, AZ, July 1, 2022—The June Manufacturing Purchasing Managers Index (PMI) registered 53%, down 3.1 percentage points from the reading of 56.1% in May, according to the latest Manufacturing ISM Report On Business.