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Tractor Supply plans big last-mile delivery upgrade [Yahoo! Finance]
Last tractor supply company earnings: 4/23 07:18 am
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US:NASDAQ Investor Relations: ir.tractorsupply.com
Dive Brief: Tractor Supply Co. unveiled a multi-year initiative to make more last-mile deliveries in-house during an investor presentation earlier this month. EVP and Chief Supply Chain Officer Colin Yankee said Tractor Supply aims to set up "hub stores" that bring drivers and inventory from different facilities together for customer deliveries. Deliveries could be completed via a pickup truck and trailer, as sometimes done today, or with vehicles able to handle heavier and multi-pallet shipments. Drivers shouldn't have to go far — out of Tractor Supply's 5 million annual final-mile shipments, 90% are made within 40 miles of a company store, Yankee said. "Our vision is to use our existing network of stores and mixing centers for a highly flexible, asset-light final-mile solution," he added. Dive Insight: Today, Tractor Supply uses a mix of less-than-truckload and parcel carriers like FedEx and UPS, as well as same-day delivery providers Roadie and DoorDash, to meet its fina
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