Lowes

2023 Shipper of Choice profile: Lowe’s

The Shipper of Choice award, presented by FreightWaves in partnership with TriumphPay, recognizes the manufacturers, distributors and retailers that do the best job of keeping the American economy moving by fighting driver detention, providing accessible facilities and understanding what it takes to remove inefficiencies from the supply chain.

Among the top 25 Shippers of Choice for 2023 is … Lowe’s. 

Lowe’s is the second-largest home-improvement retailer in America, with over 1,700 stores and...

https://www.freightwaves.com/news/2023-shipper-of-choice-profile-lowes

2021 Shipper of Choice profile: Lowe’s

Lowe's ranks seventh and receives FreightWaves' Shipper of Choice award.

The FreightWaves Shipper of Choice award is presented in partnership with ArcBest and recognizes retailers, distributors and manufacturers that are keeping the U.S. economy moving by improving efficiency along the supply chain, providing accessible facilities and fighting driver detention.

Among the top 25 Shippers of Choice for 2021 is … Lowe’s Companies Inc., which ranked seventh.

“Our philosophy is that true partnership is the only way to succeed. We’re successful when we’re driving value and...

https://www.freightwaves.com/news/2021-shipper-of-choice-profile-lowes

FedEx Freight reverses service suspensions after outcry from big retailers

A FedEx tractor-trailer on left and a Lowe's store on the right.

FedEx Freight (NYSE: FDX) is walking back its recent abrupt suspension of service to a portion of its customer base after ruffling feathers of key stakeholders that made known their displeasure, according to communications from the company and logistics industry executives.

The measure, aimed at shippers with more costly freight in high-density shipping zones, was intended to provide the nation’s largest less-than-truckload carrier a respite from the enormous wave of shipments pouring into its...

https://www.freightwaves.com/news/fedex-freight-reverses-service-suspensions-after-outcry-from-big-retailers

‘Improved’ inventories still lagging sales growth; tailwind for trucking

Retail inventories still challenged

The nation’s largest retailers are painting a more constructive picture on inventories. On a sequential comparison, merchandise levels have continued to recover from the widespread stockouts seen in the early days of the pandemic. But record demand throughout the summer, fall and holiday buying season have inventories still in need of significant replenishment, which is a favorable catalyst for trucking demand.

A look at the retail sector’s recent earnings reports showed that sales outpaced...

https://s29755.pcdn.co/news/improved-inventories-still-lagging-sales-growth;-tailwind-for-trucking

Online retailers pay almost double in logistics costs

This is an excerpt from Thursday’s Point of Sale retail supply chain newsletter.

(Chart: Gartner)

Retailers with more than 50% of revenue from the online channel have logistics costs as a percentage of sales that are almost double those of their store-focused counterparts, according to Gartner. 

2020 was a year spent primarily expanding online fulfillment capabilities, but now retail supply chain leaders are now looking for opportunities to control, contain and, where possible, reduce their...

https://www.freightwaves.com/news/online-retailers-pay-almost-double-in-logistics-costs

As e-commerce soars, logistics real estate in Texas is hot

Across Texas, distribution centers and logistics facilities are hot commodities, fueled by a surge in online shopping. 

Amazon, FedEx and Lowe’s are three of the companies that have all either opened or announced new distribution and logistics facilities aimed at e-commerce in the Lone Star State since May.

The coronavirus pandemic and shelter-in-place restrictions that followed accelerated e-commerce growth and the need for warehouse space, said Kris Bjorson, head of retail e-commerce...

https://s29755.pcdn.co/news/as-online-shopping-soars-logistics-centers-are-booming-in-texas