Chicago industrial real estate vacancy rate falls to record low
Capacity tightness was fueled by a massive demand spike along the I-55 corridor.
Capacity tightness was fueled by a massive demand spike along the I-55 corridor.
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Canadian Pacific is launching an international intermodal service between Mexico and Chicago, while state DOTs and Amtrak say a $31 million federal grant will add to existing passenger rail service and improve freight efficiency.
Eight Chicago-area communities say a merger between Canadian Pacific and Kansas City Southern would result in more freight traffic and an increased likelihood of blocked crossings stemming from longer trains.
The market set records across the board in 2021, with all-time vacancy lows expected to be set by the end of the first quarter, Colliers says.
The pilot program in Chicago and Kansas City aims to encourage trucks to come — and go — with a shipping container.
AxleHire has expanded its final-mile delivery services for DTC shipper X Delivery with a Chicago service.
Freight railroads are committed to delivering the best possible service product for customers and consumers
With no previous experience in the trucking and logistics industries, Mohammad Banibaker struck out on his own during the COVID-19 pandemic and founded Azmi Freight.
“At Uber, we get to build on the shoulders of giants,” said Val Marchevsky, Uber Freight’s new head of logistics tech.
U.S. rail terminals that handle imports are still grappling with chassis shortages, although efforts are being made to address overflow at the terminals.
The facility at CP’s Bensenville, Illinois, rail yard, which is already in operation, will support the construction industry’s supply chain.
Low vacancy rate amid surges in development is unprecedented for the market
APM Terminals on the U.S. Gulf Coast wants potential importing customers to know it has access to the Midwest via five Class I railroads.
The ocean carrier said Monday that BNSF is reducing import traffic at the ports of LA and Long Beach, while inbound trains from New York area ocean terminals to three Midwestern destinations are also being monitored.
The seven-day suspension of service, starting on Sunday, is aimed at helping ocean carriers, UP and other stakeholders to catch up and relieve the congestion at West Coast ports and busy inland terminals, especially Chicago.
The U.S. Department of Transportation is awarding $905 million to 24 infrastructure projects. Among those are a handful of projects that involve making freight rail movements more efficient.
Last-mile delivery firm AxleHire has added a sortation center in Chicago, where it will start making deliveries using its expanding transportation network.
Cargo handling companies at Chicago O’Hare International Airport are crying, “No mas.” They’re investing in warehouses outside the airport because cargo volumes are causing gridlock at airport terminals.
Union Pacific is constructing a grain transload facility at its intermodal terminal near Chicago, while two U.S. senators introduce bipartisan legislation to form a grant program that aims to reduce highway-rail grade crossings.