Business, Freight News, Logistics

Lowe’s to Establish Coastal Holding Facility in Suffolk, VA

[ October 17, 2022   //   ]

Lowe’s Companies, Inc. will establish a coastal holding facility in the City of Suffolk, which will create 100 new jobs. The company’s first distribution operation located in the Virginia Port Logistics Park will receive imported goods through The Port of Virginia to supply regional distribution facilities.

“As we work to enhance Lowe’s supply chain capabilities, which includes expanding our coastal holding facility network, this new facility in Suffolk will complement the 69 stores Lowe’s operates across Virginia by enabling us to better manage imported product flow,” said Don Frieson, Executive Vice President of Supply Chain at Lowe’s. “We selected Virginia and the City of Suffolk because of its proximity to The Port of Virginia, as well as the uniquely skilled workforce in the local area. This coastal holding facility is part of an ongoing investment in Lowe’s supply chain to better serve our stores and customers.”

“This is a strategic decision by Lowe’s to build a coastal holding facility within minutes of the East Coast’s most modern port,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “We’re going to work with the Lowe’s team to help it leverage our assets and operating model to better ensure predictability and reliability in the company’s supply chain. The return for the region is significant when measured in terms of jobs, economic investment, and having a FORTUNE® 50 company as a member of the region’s business community. We are excited about the opportunities of having Lowe’s as a neighbor and look forward to a very collaborative and beneficial relationship.”