Lowe’s announces plans to make leadership changes and close 34 stores in Canada. The home improvement retailer increased earnings guidance for fiscal 2019.
The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary spending remains steady.
Rates and rejections into the Southeast are elevated as trailers and tractors are staged for disaster relief.
Big box retailers rush pre-positioned goods to stores in Southeast to help customers cope with Hurricane Dorian.
Soren Skou said biggest ocean carrier is more customer-centric than ever, but vessel reliability and detention fees still a pain for customers.
Home Depot, a Roadie customer, takes financial stake in delivery firm.
Upcoming summit could provide surprise deal, but acrimony and lack of consensus puts deal in doubt.
Outbound tender volumes have shot up 26% out of the Savannah market as the Southeast deals with hurricane Michael
Home Depot is Uberizing same and next-day last mile delivery with two startups backed by UPS. It’s part of Home Depot’s $1.2B investment to makes its supply chains faster and more efficient.
Higher trucking and freight costs cut into second quarter results for Home Depot.
In December 2017, XPO was considered an acquisition target by Amazon and Home Depot. We argue that there is a much better fit with this massive and storied trucking operation.
Morgan Stanley says that shippers with low gross margins, bulky merchandise, and relatively low cost of goods sold who outsource their transportation needs are at the mercy of rising freight costs and will face EPS headwinds in 2018.
Stifel presented reasons why it doesn’t make sense for Home Depot to buy XPO Logistics, but they still think there’s a 31% upside on XPO Stock over twelve months.
XPO Logistics stock shot up to ~$90 on a rumored acquisition by Home Depot, and some analysts think the price will rise much, much higher.
Even as the industry steps up to help, dedicating thousands of trucks and millions of cubic feet of capacity to relief efforts, an analysis from FTR says that approximately 7% of the industry has been affected already and some of that will be affected for weeks.
