Bluejay Capital Partners has acquired Atlanta-based 3PL Best Warehousing and Transportation for an undisclosed amount.
Contract logistics giant GXO posts a better-than-expected earnings per share and affirms its full-year targets.
October hiring in the truck transportation sector took a surprising turn upward in October, according to BLS data.
Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.
Transportation capacity grew during October at the fastest pace captured in the history of a 6-year-old data set.
The city’s industrial real estate market is experiencing an acute supply shortage with little space to be found, according to a Colliers International report.
A new survey of warehouse labor employment reveals tons of job openings, higher pay and better work-life flexibility.
Two driver/warehouse worker strikes against Sysco are either over or likely to end soon.
Logistics warehouse operator Prologis lowered expectations for 2022 but remains confident that any macro-induced decline in fundamentals won’t keep rents from growing again next year.
Prologis posted record results during the third quarter but reeled in guidance given “an uncertain economic backdrop.”
An Amazon warehouse in Upstate New York will not become the second to unionize after workers vote no.
Higher interest rates and a cautious macro outlook have curbed logistics warehouse growth but have hardly stomped it out.
Industrial developer Logistics Property Co. plans to open a two-story, 1.2 million-square-foot warehouse in summer 2024 — the first of its kind in Chicago.
Air cargo is a premium shipping mode. Companies that want fast, reliable transfers are also seeing lease rates shoot up for logistics facilities near airports.
NFI Industries acquires container drayage and warehousing provider MCO Transport.
Warehouses are turning loss to profits with CartonCloud’s WMS.
Truck transportation jobs in September dropped by an amount exceeded in the last 10 years only by the start of the pandemic.
Logistics real estate operator Prologis said Wednesday that its planned acquisition of Duke Realty has received shareholder approval.
Prologis has named Dan Letter president to run global operations, and Gene Reilly will take on a new role as senior adviser to CEO Hamad Moghadam.
Associations have come together on supply chain issues in California to form the Goods Movement Alliance.
Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.
Lineage Logistics announced the expansion of its European transportation and distribution network through acquisition Thursday.
Middle-market private equity firm Red Arts Capital announces its latest investment in the supply chain.
Leases of mega-warehouse facilities rose 50% in the first half of 2022, CBRE study says. But leasing by e-commerce companies declined dramatically.
This year’s performance will not be as explosive as last year’s. But it will still be very good, a 3PL industry expert says.
Switching out lighting in warehouses with 25-foot to 35-foot ceilings isn’t simple. But LEDs pack economic, labor and environmental benefits.
The South Carolina cold chain facility opening next year will handle Port of Charleston imports and exports of proteins, fruits and vegetables.
Jobs in the truck transportation sector have risen every month post-pandemic except one, but the pace of growth is slowing.
Transportation data showed further loosening during July, according to a supply chain survey released Tuesday.
Logistics warehouse capacity utilization remains extremely tight, with an additional 800 million square feet needed to ease the pressure, a Prologis report says.
Logistics real estate investment trust Prologis on Monday pointed to some moderation in demand trends but pushed its full-year financial expectations higher.
Logistics warehouse owner Prologis reported in-line second-quarter financials Monday but full-year expectations were increased on “healthy demand.”
The supply side is in a “pencils down” mode as higher rates change ROI calculations.
Industrial outdoor storage sites continue to attract the attention of transportation providers and investors with deep pockets.
Truck transportation jobs recorded another increase in June, but the rate of growth was slower than recent months, according to the latest Bureau of Labor Statistics report.
A supply chain survey released Tuesday showed market fundamentals continued to cool during June.
In the third in a series of podcasts on the providers of supply chain solutions, Craig Moore of Korbel talks about the needs of the warehouse sector.
Burris Logistics expands cold chain service map for subsidiary Honor Foods in its latest acquisition.
Red Arts Capital makes another acquisition in the supply chain, adding contract packaging provider Coregistics to its portfolio.
Real estate logistics provider Prologis set a net-zero emissions target for 2040 along with other targets in its environmental, social and governance report.
Lineage Logistics will go directly to consumers as it beefs up its warehousing capabilities.
Logistics warehouse operators Prologis and Duke Realty have come to terms in a $26 billion deal.
Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and finally storage, fulfillment distribution and inland transportation through Performance Team.
The company expands its Atlanta site to 20,000 cubic feet and doubles on-hand inventory to 1 million items.
Temperature-controlled warehouse operator Lineage Logistics and Bay Grove acquire supply chain visibility platform Turvo for an undisclosed amount.
Executives from Cherre and Faropoint, two firms that analyze industrial real estate data, break down what to look for in a warehouse.
Baird analyst Garrett Holland says HG Vora’s offer to acquire Ryder System doesn’t fairly value a projected increase in earnings.
Prologis’ research arm released several data points Wednesday pointing to prolonged tightness in warehouse markets.
Logistics real estate investment trust Prologis makes a $24 billion all-stock offer for competitor Duke Realty.
The aging of warehouse stock makes life difficult for tenants.
Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.
The monthly BLS report on employment showed that truck transportation jobs were up sharply in April after an unexpected decline in March.
The company will pursue smaller rivals that lack scale to meet increasingly demanding requirements, GXO’s CFO says.
Echo Global Logistics announced its first acquisition since being taken private last year. It signed an agreement to acquire temperature-controlled services provider Roadtex Transportation.
Revenue seen growing by 11% to 15%, up from 8% to 12%; CEO sees growth across all verticals.
Capacity tightness was fueled by a massive demand spike along the I-55 corridor.
Transportation capacity grew for the first time since May 2020, according to a monthly supply chain survey.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
Amazon has lifted its long-standing policy of restricting warehouse employees from using their cellphones on the job.
CEO Brad Wright explains how Chunker’s short-term container storage model reduces risk for shippers.
FreightWaves founder and CEO Craig Fuller writes about the impact of Chinese lockdowns on global supply chains and the U.S. trucking industry.
Finding skilled associates for your distribution center is challenging, so why not leave it to the professionals?
Logistics real estate operator Prologis beat first-quarter estimates and raised its outlook for the year. The company sees no near-term loosening in warehousing markets.
Logistics real estate heavyweight Prologis beat first-quarter expectations and raised full-year 2022 guidance on Tuesday.
Operators have endless options when choosing a warehouse robot — but how can they pick the right one?
Rising costs prompt Amazon to impose its first-ever fuel and inflation surcharge on sellers.
Lineage Logistics has acquired Canadian cold chain provider VersaCold, adding 24 facilities to its network.
Got bots? How about a robot with that subscription?
Amazon has historically been a prolific union crusher, but it may be facing its biggest test yet at facilities in New York and Alabama.
Amazon Labor Union pulls off a stunning victory in New York; a ratification vote in Alabama remains in limbo.
The decline in truck transportation jobs is the first in almost two years, but it comes after upward revisions in the two prior months.
More inventory requires more space. Real estate services firm JLL sees space in short supply alongside heightened rents through 2023.
Old Dominion said Tuesday it has already added capacity at seven locations in its network. The recent expansions trend ahead of its 2022 guidance, which called for growth at eight to 10 terminals.
Reports link Prologis as a suitor of Blackstone’s last-mile network in Europe.
Cold storage operator Lineage Logistics announced the acquisition of MTC Logistics and its four facilities Thursday.
A report from logistics real estate operator Prologis downplays the number of office buildings that can be repurposed to industrial use.
The cost of truck transportation, measured in the PPI, continues to climb.
Growing e-commerce demand is likely to require higher inventories for timely fulfillment. That means a congested supply chain could become the new norm.
Contract logistics giant GXO announced Monday it has officially made a bid for Clipper Logistics.
Contract logistics giant GXO sees numerous growth opportunities for years to come.
Management from cold storage warehouse operator Americold addresses concerns about decelerating trends and a soft 2022 outlook.
GXO Logistics announced it has worked out the details of a $1.3 billion acquisition of Clipper Logistics.
Truckload rates have plateaued and may head down in the second half, Miller says. There is more runway for LTL increases, however.
One-year agreement will allow for at least 20,000 boxes to be stored off-site, state says.
Tight warehouse supply t o last through 2024, Bjorsen says.
Logistics real estate owner and operator Prologis Inc. announced the retirement of its CFO effective April 1.
A Thursday report from logistics real estate investment trust Prologis shows market rents grew at the fastest pace recorded during 2021.
Warehouse demand begins to ripple through the so-called tertiary real estate markets.
Michigan State’s Miller says the figures are undercutting any argument that the transportation industry is having trouble attracting adequate workers.
The LTL carrier has ambitious plans for growing its footprint over the next two years.
The seasonally adjusted jobs number for truck transportation has now been more than the previous high level for two consecutive months.
Capacity must expand by 15% just to keep up with normal inventory levels and build resilient operations, the company’s research arm says.
RLS Logistics builds out its national cold storage network with two acquisitions.
Bottlenecks and a lack of transportation capacity led many retailers to order extra merchandise in the fall. Inventories are now piling up at points along the supply chain for some companies because they still can’t find the transportation to move the goods, a supply chain survey finds.
The move underscores the REIT titan’s commitment to logistics warehousing.
The DHL unit is the first commercial customer of Boston Dynamics’ Stretch robots.
Chicago leads all markets, while Greenville-Spartanburg makes the top 10 list for the first time.
David Weil would have a key role in determining the federal definition of an independent contractor.
Prologis provided better-than-expected 2022 guidance on Wednesday, citing the expectation that demand will continue to outpace logistics real estate additions during the year.
Logistics real estate investment trust Prologis issued 2022 guidance ahead of expectations on Wednesday.
