Honeywell International Inc. HON recently announced that it has entered into a collaboration with a major third-party logistics provider – The Apparel Logistics Group. Notably, the company will aid the logistics provider in expanding the e-commerce order output at its 240,000-square-foot distribution center in Dallas.Per the collaboration, Honeywell Intelligrated – part of Honeywell’s Safety and Productivity Solutions operating segment – will provide The Apparel Logistics Group with automated material handling solutions. As a matter of fact, the installation of new material handling solutions will allow The Apparel Logistics Group to more than triple its e-commerce order output on a daily basis at its distribution center. In addition, the company’s technology and technical support services will support the logistics provider in strengthening productivity at shipping dock, boosting its value-added services capability and improving order accuracy.Per the terms of the deal, Honeywell Intelligrated will also implement and support the distribution center’s warehouse control system. This is likely to offer the logistics provider with Honeywell Intelligrated’s advanced technical support services and all-time access to maintenance technicians for maximizing facility uptime.Existing Business ScenarioHoneywell believes that solid demand for its warehouse automation, sensing and IoT businesses will boost revenues of the Safety and Productivity Solutions segment. Also, strength in process solutions business coupled with strong demand for equipment, absorbents and refining catalysts is likely to aid Performance Materials and Technology segment’s revenues. Further, strong demand for commercial fire and security products is expected to drive the Building Technologies segment.Over the past six months, Honeywell’s shares have gained 11.8% compared with the industry’s rally of 0.3%.However, softness in the company’s productivity products business due to inventory destocking, fewer large project rollouts in the mobility space and lower channel sell-through remains a concern. Also, if unchecked, high debt levels can increase the company's financial obligations and prove detrimental to its profitability.Zacks Rank & Key PicksHoneywell currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the same space are Federal Signal Corporation FSS, Carlisle Companies Incorporated CSL and United Technologies Corporation UTX. While Federal Signal sports a Zacks Rank #1 (Strong Buy), Carlisle and United Technologies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Federal Signal surpassed estimates in each of the preceding four quarters, the average positive earnings surprise being 16.48%.Carlisle outpaced estimates thrice in the preceding four quarters, the average earnings surprise being 17.16%.United Technologies outpaced estimates in each of the preceding four quarters, the average positive earnings surprise being 13.19%.Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON): Free Stock Analysis Report Carlisle Companies Incorporated (CSL): Free Stock Analysis Report Federal Signal Corporation (FSS): Free Stock Analysis Report United Technologies Corporation (UTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research