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.”
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.
The modern warehouse needs to accommodate many transportation types, but it also must be equipped with business intelligence to improve real-time performance.
Switching out lighting in warehouses with 25-foot to 35-foot ceilings isn’t simple. But LEDs pack economic, labor and environmental benefits.
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.”
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Exports, production of heavy-duty trucks from Mexico drop in May; Kansas City Southern de Mexico commits $120 million to new projects; Prologis building distribution warehouse in Dallas area; and Amazon opens sixth logistics warehouse in Mexico.
