U.S. Warehouse, Distribution Kickoffs Hit $1 Billion for Third Quarter
Attachment: US ware-dist 3Q23
August 2, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite an economically rocky few years, consumers across the U.S. continue to spend significantly on everything from big-box retail to at-home medical supplies to automotive parts. Companies that make many of these products increasingly require equipment needed to produce these goods. Hence, Industrial Info is tracking more than $1 billion worth of warehousing and distribution projects that are set to kick off during the current quarter and cater to these booming industries and their customers, as well as government-led projects to address infrastructure and national security.
Companies with warehousing and distribution projects set to begin construction before the end of September include RTX Corporation (NYSE:RTX), AutoZone Incorporated (NYSE:AZO), Target Corporation (NYSE:TGT), FedEx Corporation (NYSE:FDX), United Parcel Service Incorporated (NYSE:UPS), Cardinal Health Incorporated (NYSE:CAH) and Owens & Minor Incorporated (NYSE:OMI).
