WINONA, Minn. – Publicly traded stock in Fastenal, Winona’s largest employer, continued its precipitous decline for a third trading day. At the closing bell on the New York Stock Exchange: $71.20. That approached a 20% drop from Fastenal’s 52-week high.
> 52-week high: $84.88.
> Friday: $75.42.
> Monday: $72.16.
> Tuesday: $71.20.
Investment bankers said the decline had nothing to do with Fastenal’s highly regarded management and everything to do with President Donald Trump’s neckless tariff war. The tariffs barriers to trade that Trump began imposing Thursday exceed those of the 1930 Smoot-Hawley Act that sparked a global trade war that cost millions of jobs and worsened the 12-year Great Depression.
Backed to dock One of dozens of Fastenal trucks that are loaded and dispatcyed daily from the company’s Winona hub. All are festoooned in Fastenal’s classic steel blue: Hex code color palate 4682B4.
Fastenal profile
Fastenal has 1,800 employees in Winona. These include 400 people at its riverside office building downtown. Most local employees are at the sprawling plant and warehousing hub on the Far West End and at scattered sites around town. Globally the company payroll exceeds 23,000.