SPRING 2024
Distributor's Link Magazine Spring 2024 / Vol 47 No 2
Distributor's Link Magazine Spring 2024 / Vol 47 No 2
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154<br />
THE DISTRIBUTOR’S LINK<br />
GLOBALFASTENERNEWS.COM SECTION 301 TARIFF REVIEW CONTINUES from page 124<br />
¤ Performing more work on airplanes at their<br />
assigned positions.<br />
¤ Dedicating multiple days for our 737 teams to<br />
focus on and implement quality improvements.<br />
¤ Launching an independent assessment to bolster<br />
the quality management system at Boeing Commercial<br />
Airplanes by a highly experienced safety expert.<br />
In addition, Boeing will open its factory to 737<br />
customers to conduct their own additional reviews.<br />
That’s not the only quality issue Boeing is dealing<br />
with.<br />
Recently, Boeing supplier Spirit AeroSystems, which<br />
makes the fuselages of the 737 Max jets, notified<br />
the plane maker that two holes on 50 undelivered<br />
airplanes may not have been drilled exactly to Boeing’s<br />
requirements.<br />
The news comes one month after a catastrophic<br />
failure occurred when a door plug blew off a new Alaska<br />
Airlines Boeing 737 Max 9 at 16,000 feet, imperiling<br />
171 passengers and 6 crew members.<br />
The explosive accident caused the Federal Aviation<br />
Administration to increase oversight of Boeing and audit<br />
production of the 737 Max 9 jetliner. The agency also<br />
said it’s reconsidering its longstanding practice of relying<br />
on aircraft manufacturer employees to perform some<br />
safety analysis of planes.<br />
Boeing has dealt with misdrilled holes before.<br />
In August 2023, Boeing found fastener holes on<br />
some 737s in the aft pressure bulkhead — the heavy<br />
metal dome capping the back end of the passenger<br />
cabin that is essential to maintaining cabin pressure —<br />
had been improperly drilled by fuselage manufacturer<br />
Spirit Aerosystems.<br />
Called “snowmen” due to their elongated shape of<br />
two overlapping holes of differing size, these holes were<br />
filled with fasteners and passed quality inspections at<br />
Spirit before being shipped by rail to Boeing.<br />
Fastenal Fastener Sales Slide Steepens<br />
Fastenal Co. reported fastener sales declined for<br />
a fourth straight month in January, falling 6% to $99.6<br />
million (31.2% of overall sales). A year earlier, first-month<br />
fasteners sales increased 11.6%.<br />
Consolidated January sales gained 6.4% to $639.9<br />
million. Daily sales improved 1.6% to $29.1 million.<br />
Sales in the U.S. grew 11.2% to $531.7 million, while<br />
sales in Canada and Mexico increased 17.3% to $87<br />
million.<br />
By end market, sales to heavy manufacturing<br />
customers rose 3.3%, with sales to non-residential<br />
construction customers falling 8.6% during January.<br />
Fastenal’s full time workforce increased 2.7%<br />
during the month to 23,380 employees. Distribution/<br />
transportation personnel grew 3.7% to 3,072, while<br />
manufacturing personnel increased 1.9% to 710 workers.<br />
In the final quarter of 2023, Fastenal sales declined<br />
2.3% to $546.9 million (31.1% of of total sales). The<br />
results included a 1.9% drop in December, with pricing<br />
for fasteners decelerating at a faster pace than nonfastener<br />
products. Web: www.fastenal.com.<br />
GLOBALFASTENERNEWS.COM