Join us as we chat with Phil Shook, who managed the intermodal division at C.H. Robinson for almost a decade, about the future of transport, industry insights, and key acquisitions.
Dollar General to Boost Private Fleet to 2,000 Trucks by Year-End
Dollar General plans to expand its private fleet to over 2,000 tractors by the end of 2023, aiming to reduce transportation costs and enhance supply chain control.
Dollar General sets its sights on enlarging its private fleet, aiming to zoom past 2,000 tractors by 2023's close.
Owning the Roads
With over 1,800 tractors under its banner, nearly half of Dollar General's outbound transport runs on its own wheels.
CEO Jeff Owen highlights a notable 5% jump just from last quarter.
Cost-Cutting Strategy
Dollar General seeks to streamline its transportation processes and cut costs through this expansion. Replacing third-party carriers with its own tractors saves the company approximately 20% in associated costs.
The retailer has been steadily growing its private fleet since its 2016 launch. During Q1, they operated more than 1,700 tractors, which is more than double from the year prior.
Financial Impact
Q2 shone with a 24.2% YoY operating profit spike, hitting $692.3 million.
Despite some immediate supply chain investments, Dollar General eyes a prosperous future through better supply chain management and automation.
An Automated Future
Beyond trucks, there is talk of automating the company's distribution centers. These initiatives highlight Dollar General's quest for streamlined operations and future growth.
Todd: “Warren, I have a new company that likely clears our hurdle. We used to own it back in 2011. We made a quick 50% on the stock. It’s Dollar General.”
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
