Geert De Lombaerde

Nashville

Senior Editor at Endeavor Business Media

Senior Editor-at-Large at IndustryWeek

Transatlantic transplant born in Belgium's oldest town. Need to make it back to Vienna more often. Covering public companies and business trends @EndeavorMedia

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Articles

Fastenal Executives Detail Early Tariff-Related Moves

1 month ago | industryweek.com | Geert De Lombaerde

Leaders of industrial and construction supplies distributor Fastenal Co. say recent price hikes on many of the company’s products in response to steel and China-focused tariffs will add 3% to 4% to the company’s top line this quarter and added that that figure could double in the second half of the year.
Industrial Executives’ Sentiment Was Slipping Even Before Tariffs [Tales From the Transcript]

1 month ago | industryweek.com | Geert De Lombaerde

This is an unusual edition of Tales From the Transcript and it’s not at all surprising why. The economy and the business climate have taken on a decidedly before-and-after vibe since President Trump’s April 2 event detailing the tariffs he and his team devised for most of the United States’ trading partners.
Survey: More Than 60% of Firms Expect Double-Digit Cost Increases From Tariffs

1 month ago | industryweek.com | Geert De Lombaerde

Nearly half of business leaders say President Donald Trump’s newly imposed tariffs will drive up their operating costs by at least 15% and more than half of all companies plan to pass along a majority of their cost increases to customers. Those are some of the major findings from a new poll by Endeavor Business Intelligence, the research arm of IndustryWeek parent company Endeavor Business Media.
Ring Energy CEO aims to be continued consolidator in Central Basin Platform

1 month ago | ogj.com | Geert De Lombaerde

General InterestCompaniesRing Energy aims to be continued consolidator in Central Basin PlatformThe company missed out on some deals last year because of high asset prices but is still looking. “We’ll get our elbows up,” chief executive Paul McKinney said of new competitors in the area.
Sempra Plans Mexico, Infrastructure Divestments

1 month ago | tdworld.com | Geert De Lombaerde

Utility BusinessSempra Plans Mexico, Infrastructure DivestmentsProceeds from the planned sales will primarily go to growth investments at the company’s Texas and California electric utilities. The leaders of energy and infrastructure holding company Sempra plan to sell the company’s natural gas business in Mexico and a stake of its infrastructure group so they can funnel more cash to their Texas and California electric utilities’ growth plans.
Proficient Auto Logistics acquires Brothers Auto Transport, expands capacity 13%

1 month ago | fleetowner.com | Geert De Lombaerde

Proficient Auto Logistics has acquired a Pennsylvania automobile hauler, which could increase its capacity by 13% in a market that remains in flux following the demise of Jack Cooper Transport Co.Terms of Proficient’s purchase of Brothers Auto Transport were not immediately disclosed. Based in Wind Gap near Allentown, Brothers was founded in 1996 and runs a fleet of about 110 transporters. The company has terminals in Pennsylvania, New York, Maryland, Ohio, and Virginia.
Mullen preps more layoffs, lease terminations

1 month ago | fleetowner.com | Geert De Lombaerde

At the end of September, Mullen employed 388 people full-time, with 243 at its Mullen operations and 145 at Bollinger. But Michery and his team soon after that date announced they were cutting about 70 jobs as they ended Mullen’s three-model passenger vehicle development work to focus only on commercial vehicles. Mullen incurred lease costs of $1.2 million in the quarter ended December 31, which was essentially unchanged from the same period a year earlier.
Infinity Natural Resources plans capex ramp, greater gas emphasis

1 month ago | ogj.com | Geert De Lombaerde

General InterestCompaniesInfinity Natural Resources plans capex ramp, greater gas emphasisThe midpoint of the newly public company’s production guidance for 2025 is up nearly 40% from last year’s average. Map from Infinity Natural Resources Inc. Leaders of Infinity Natural Resources Inc., Morgantown, W.Va., plan to ramp up capital spending this year across their Appalachian holdings and tilt their development work more toward natural gas.
Dallas Fed survey shows capex plans holding up despite uncertainty

1 month ago | ogj.com | Geert De Lombaerde

General InterestCompaniesDallas Fed survey shows capex plans holding up despite uncertaintyRespondents to the quarterly poll aren’t on the same page as the Energy Secretary about growing production with WTI at $50/bbl. Oil-and-gas companies in Texas and adjacent areas aren’t pulling back on capital spending, the latest quarterly Dallas Fed Energy Survey shows.
Cleveland-Cliffs Idling Steel Plant, Mining Sites as Auto Orders Slow

1 month ago | industryweek.com | Geert De Lombaerde

Facing a slowdown among their large automotive clients, the leaders of Cleveland-Cliffs Inc. have in recent days said they will idle two plants in Minnesota and another in Michigan and lay off roughly 1,200 workers. Set to be temporarily closed are Cliffs’ steel plant in Dearborn, near Detroit, as well as facilities in Hibbing and Virginia in northern Minnesota that make pellets.