Logistics real estate landlord Prologis noted “subdued” but “improving” demand in its second-quarter report issued Wednesday.
Logistics real estate operator Prologis and Maersk subsidiary, Performance Team, launch a 96-truck electric charging station in Southern California.
Prologis modestly reeled in 2024 expectations on Wednesday as it believes the recent demand weakness is tied to near-term uncertainties.
Logistics warehouse landlord Prologis modestly lowered expectations for 2024 on Wednesday.
The company last announced its Series C raise in 2022, led by SoftBank Vision Fund 2 for $115 million, valuing the company at $575 million. Platform Science has raised $309 million since 2017.
Cross-Dock Terminal in Los Angeles
The mismatch between electric truck availability and charging infrastructure prompted Daimler, Volvo and Navistar to make a PACT.
Logistics real estate operator Prologis’ 2024 outlook calls for relative softness in the market during the first half of the year before rebounding.
Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.
Proponents and opponents increasingly are slugging it out over the viability of warehouse developments.
Community opposition adds complexity to logistics warehouse development, the president of Prologis says.
Carter Andrus has been named COO at Prologis, effective Jan. 1. Current COO Gary Anderson will become senior adviser and retire on June 30.
The industrial outdoor storage industry is catching a fresh bid from new players.
Five years after the first multistory warehouse was delivered, questions still remain about the model’s viability in the U.S.
Logistics warehouse owner Prologis on Tuesday noted some cracks in demand, which it attributed to interest-rate policy and geopolitical fears.
Logistics warehouse landlord Prologis beat expectations for the third quarter on Tuesday.
The logistics industry continues to be a strong area of focus for government leaders hoping to reduce greenhouse gas emissions and slow the progression of transportation-related climate change. As a result, legislators are driving emission-cutting regulations forward at breakneck speeds.
Supply chains are one crisis away from seizing up again, say the CEOs of Prologis and Home Depot.
“One of the key requests that we hear from our customers is an ability to reduce charging times, and that requires both improvement of vehicle technology as well as charging technology,” Prologis’ Henrik Holland said at FreightWaves’ Net-Zero Carbon Summit.
Just as scaling McDonald’s was more about real estate than hamburgers, electric truck charging is as much about land as it is about the grid.
