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.

UPS to Buy Overnite for $1.25B in Cash

Atlanta, GA, May 16--United Parcel Service said it agreed to acquire Overnite Corp. for about $1.25 billion in cash to expand its ground freight services in North America.

Dubai’s Merinos Carpet to Expand Globally

Dubai, United Arab Emeritus, May 16--Merinos Carpet has announced that it would be expanding its presence across the globe with the launch of a comprehensive international franchise program.

Inventories Up 0.4% in March

Washington, DC, May 13—-Business inventories rose 0.4% in March, below expectations and slower than the 0.7% increase in sales.

Consumer Sentiment Off in May

Ann Arbor, MI, May 13--Consumer sentiment as measured by the University of Michigan's preliminary index dropped unexpectedly to 85.3 in May from 87.7 in April.