The fastener industry reports booming business, while the world at large seems poised for something else. What gives? Tough guys Jake “Valdez” Davis of BTM Manufacturing and John “Cool Hand” Butler of the Olander Company attempt to solve this riddle as they take on the obstacle course that is the screw biz (1:36:35). Case in […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 1/8/21 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) for December came in at 62.6, showing nice m/m improvement and signaling a strong end to the year. The sales index saw similar strength with about two thirds of respondents seeing better-than-seasonally […]
The huge congestion in overseas freight is primarily attributed to peak season congestion and a container shortage and isresulting in rate hikes along with surcharges, as well as delays and all the accompanying cascading issues. The surcharges vary per carrier, but are generally anywhere from $200 to $500 per container charge. It is recommended that […]
