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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
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
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.
Source: Supply Chain Dive
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.”
— Mostly Borrowed Ideas (@borrowed_ideas) September 19, 2023
Buffett: … pic.twitter.com/6j16vwZKmk
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