ADVFN - Advanced Financial Network.
HOME» NYSE » L » LOW Stock Price » LOW Stock News

Lowes Companies Share News

 Lowes Companies Stock Price
LOW Stock Price
 Lowes Companies Stock Chart
LOW Stock Chart
 Lowes Companies Stock News
LOW Stock News
 Lowes Companies Company Information
LOW Company Information
 Lowes Companies Stock Trades
LOW Stock Trades

Home Depot, Penske Truck Leasing In Pilot Truck-Rental Test

By Maxwell Murphy Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Home Depot Inc. (HD) and Penske Truck Rental are in the preliminary stages of a pilot program to rent Penske's large, yellow moving trucks at four Home Depot stores in the Richmond, Va., area, representatives of both companies confirmed Friday. If successful, offering Penske trucks could help Home Depot better serve its home-improvement customers who happen to also be moving, providing a one-stop shop for consumers to both buy their moving supplies and rent the 12-foot to 26-foot moving trucks they'll need to get to their new abodes. Under the test program, Penske Truck Rental can rent trucks to both consumer and commercial customers, a Penske spokesman said. However, the pilot is only about three weeks old, and it is too early to tell if any larger roll-out of the truck-rental service will materialize, according to a Penske spokesman. Home Depot is no stranger to pilot programs, many of which never come to fruition, like on-site gas stations, Caterpillar Inc. (CAT) construction-equipment rentals and in-store Dunkin' Donuts shops. Spokesmen for Home Depot and Penske declined to discuss further details, like future test markets or how the arrangement would work in terms of revenue and cost sharing. Atlanta's Home Depot is the nation's largest home-improvement chain ahead of Lowe's Cos. (LOW), and Penske Truck Leasing Co., of Reading, Pa., which runs Penske Truck Rental, is a joint venture 50.1% owned by closely held Penske Corp. and public automobile dealership Penske Automotive Group Inc. (PAG), and 49.9% owned by General Electric Co. (GE). Penske Truck Rental rivals in the consumer moving-truck-rental business include Amerco's (UHAL) market-leading U-Haul and Avis Budget Group Inc.'s (CAR) Budget Truck Rental, and on the commercial side it competes with Ryder System Inc. (R). The arrangement allows Penske to rent both commercial and consumer trucks from its Home Depot locations, the Penske spokesman said. -By Maxwell Murphy, Dow Jones Newswires; 212-416-2171; maxwell.murphy@dowjones.com

Stock News for Lowes Companies (LOW)
DateTimeHeadline
09/02/201406:30:09MARKET SNAPSHOT: Why September May Slow Further S&P Records
08/20/201416:50:24MARKET SNAPSHOT: U.S. Stocks End Higher, Recover From Post-Fed...
08/20/201415:52:06MARKET SNAPSHOT: S&P 500 Tries For Record Close, Recovers From...
08/20/201415:14:23MARKET SNAPSHOT: U.S. Stocks Edge Up, Recover From Post-Fed Dip
08/20/201414:40:16MARKET SNAPSHOT: U.S. Stocks: S&P Turns Flat After Fed Minutes
08/20/201414:14:22MARKET SNAPSHOT: Stocks Edge Up Ahead Of Fed Minutes; S&P Eyes...
08/20/201413:36:20MARKET SNAPSHOT: Stocks Flat But Off Day's Lows Ahead Of Fed...
08/20/201410:58:13MARKET SNAPSHOT: Stocks Flat Pre-Fed Minutes, But Apple Hits...
08/20/201410:12:43MARKET SNAPSHOT: U.S. Stocks Dip Pre-Fed Minutes; Apple Hits...
08/20/201409:52:56MARKET SNAPSHOT: U.S. Stocks: S&P, Dow Edge Lower Pre-Fed Minutes;...
08/20/201409:45:40U.S. Hot Stocks: Hot Stocks to Watch
08/20/201409:32:03MARKET SNAPSHOT: U.S. Stocks: Futures Edge Lower Pre-Fed Minutes;...
08/20/201407:58:13MARKET SNAPSHOT: U.S. Stocks: Futures Flat Pre-Fed Minutes, Hertz...
08/20/201407:05:09MARKET SNAPSHOT: U.S. Stocks: Futures Dip Ahead Of Fed Minutes
08/12/201408:00:26Quarto 1st Half Pretax Profit Falls After US Distributor Collapses
08/11/201420:16:12Woolworths Sees Losses Widening in DIY Venture
07/18/201418:59:09GE Seeks to Raise $3.1 Billion in Synchrony Financial IPO...
05/21/201416:43:46MARKET SNAPSHOT: U.S. Stocks Rally; Dow Gains Most In 5 Weeks
05/21/201415:07:08MARKET SNAPSHOT: U.S. Stocks Rise; No Swings After Fed Minutes
05/21/201414:00:53MARKET SNAPSHOT: U.S. Stocks Rally Ahead Of Fed Minutes

Lowes Companies and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad