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Meritor Opens New North American Distribution Hub in Canada
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Meritor, Inc. reported opening of the Eastern Canada Regional Distribution Center in Mississauga, Ontario. This marks the company’s fourth distribution facility in the North American aftermarket. The new facility will cater to dealers and warehouse distributors of seven provinces.
Per management, the addition of Mississauga center shows Meritor’s commitment to simplify business transactions and enhance customer satisfaction. This addition is expected to help east Canadian customers to receive their orders in shorter lead times, with mostly unchanged ordering and processing practices. Orders, which will be placed before 4 p.m. ET, will be shipped on the same day. Further, customers can opt for a product-pickup option.
The newly-added hub stocks Meritor’s Aftermarket brand portfolio to cater its customers in Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec.
The company’s three other North American distribution facilities are situated at Edmonton, Alberta, Florence, KY and Santa Fe Springs, CA. The Edmonton hub serves the western Canada aftermarket. Florence and Santa Fe Springs facilities offer services to the Eastern United States, and the U.S. warehouse distributors & dealers, respectively.
Price Performance
In a year’s time, Meritor’s stock has moved up 36.9%, outperforming 26.7% increase of the industry it belongs to.
Daimler has an expected long-term growth rate of 5%. Shares of the company have risen 9.2% over the past year.
Fox Factory has an expected long-term growth rate of 11.5%. Shares of the company have risen 16% over the past year.
Magna International has an expected long-term growth rate of 8.5%. In a year’s time, shares of the company have gained 48%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Meritor Opens New North American Distribution Hub in Canada
Meritor, Inc. reported opening of the Eastern Canada Regional Distribution Center in Mississauga, Ontario. This marks the company’s fourth distribution facility in the North American aftermarket. The new facility will cater to dealers and warehouse distributors of seven provinces.
Per management, the addition of Mississauga center shows Meritor’s commitment to simplify business transactions and enhance customer satisfaction. This addition is expected to help east Canadian customers to receive their orders in shorter lead times, with mostly unchanged ordering and processing practices. Orders, which will be placed before 4 p.m. ET, will be shipped on the same day. Further, customers can opt for a product-pickup option.
The newly-added hub stocks Meritor’s Aftermarket brand portfolio to cater its customers in Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec.
Meritor, Inc. Price and Consensus
Meritor, Inc. Price and Consensus | Meritor, Inc. Quote
The company’s three other North American distribution facilities are situated at Edmonton, Alberta, Florence, KY and Santa Fe Springs, CA. The Edmonton hub serves the western Canada aftermarket. Florence and Santa Fe Springs facilities offer services to the Eastern United States, and the U.S. warehouse distributors & dealers, respectively.
Price Performance
In a year’s time, Meritor’s stock has moved up 36.9%, outperforming 26.7% increase of the industry it belongs to.
Zacks Rank & Other Stocks to Consider
Meritor currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the auto space are Daimler AG , Fox Factory Holding Corporation (FOXF - Free Report) and Magna International Inc. (MGA - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Daimler has an expected long-term growth rate of 5%. Shares of the company have risen 9.2% over the past year.
Fox Factory has an expected long-term growth rate of 11.5%. Shares of the company have risen 16% over the past year.
Magna International has an expected long-term growth rate of 8.5%. In a year’s time, shares of the company have gained 48%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>