GXO hammers out details on possible $1.3 billion bid for Clipper Logistics
GXO Logistics announced it has worked out the details of a $1.3 billion acquisition of Clipper Logistics.
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.
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.
An NLRB judge appears mostly critical of the trucking company’s behavior but ruled in its favor on the key legal question.
The December report closes out a year with a gain of more than 44,000 jobs in truck transportation.
The REIT has raised $6 billion in the past two years.
December supply chain numbers again show “significant expansion.” The Logistics Managers’ Index report questions whether retailers ordered too much for the holidays.
The unit of the financial services titan becomes a big player in U.S. logistics real estate.
Gatego’s platform has an interface for both shippers and carriers that allows both parties to keep track of check-ins and yard inventory across multiple yards.
RLS Logistics continues to roll up the cold storage market, adding one family operator at a time.
Growth throughout the supply chain accelerated in November with costs reaching all-time highs, according to the Logistics Managers’ Index.
Desperate occupiers undeterred by “sticker shock” will lease first and ask questions later, a CBRE report says.
If the rise in truck transportation costs between September and October continued for 12 months, it would translate to an increase of more than 40%.
Small facilities are seeing big jumps in demand as e-commerce puts urban logistics in the spotlight, a JLL report says.
The union that failed to organize workers at Amazon’s Bessemer, Alabama, warehouse will get a second bite at the apple, it said.
Blackstone’s logistics real estate unit boosted its U.S. portfolio to 440 million square feet.
Air and ocean asset-light logistics provider STG has acquired International Warehouse Services.
CalTrans is boosting the weight limit for port truckers. The regulatory change was made with good intentions, but can it work?
Warehouse and third-party logistics operator Warehouse Services Inc. has acquired Total Logistics Inc.
Boehler is terminated without cause; George Chappelle is named interim CEO.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
Available space at the country’s most important warehousing complex drops to unimaginable levels.
Moghadam said the company will need to increase its facility footprint at the same pace.
Used vehicle sales at the company were strong again.
The end of the supply chain as we know it? Not even close, an economist believes.
Barbara Melvin will succeed Jim Newsome at the helm of South Carolina Ports next summer and will become the first woman to lead a top-10 U.S. container port.
Online growth, higher inventory levels are trends that will likely last, Moghadam says.
With business booming, the logistics warehouse titan reports better-than-expected results and raises full-year estimates.
The Bureau of Labor Statistics reported that distribution and logistics employment from 2019 to 2022 is expected to grow almost 30%.
The company is so new that there isn’t any earnings history to discuss yet, but that will change in a few weeks.
With upward adjustments in July and August figures, the gains recorded in September were already coming from a higher base than what earlier had been recorded.
Transportation capacity continues to contract at a record pace with rates climbing to historical levels, according to the September Logistics Managers’ Index.
Shot in the dark, but a $5,000 timeout for $230,000 in pay withheld from workers making as little as $3.38 an hour could prove a suboptimal deterrent.
Temperature-controlled warehouse operator RLS Logistics adds another regional partner as it builds out a national footprint.
Opponents of the legislation were particularly focused on a law known as PAGA.
Industrial warehouse operator Prologis Inc. said Thursday it was expanding a training program aimed at bringing 25,000 new workers to the logistics industry.
MacGregor Partners will double in size over the next couple years, pushing its value to the $50 million mark.
The supply chain continues to be stretched as the peak shipping season bears down. Capacity declines further while rates soar, according to an August survey.
One major concern for the opposition is a possible explosion of lawsuits under the state’s PAGA provision.
Dale Young of World Distribution Services talks to FreightWaves’ Andrew Cox about how the company is responding to meet the warehousing demands of shippers as they contend with unprecedented demand alongside disruptions and congestion in the supply chain.
Low vacancy rate amid surges in development is unprecedented for the market
According to a Newmark Group study of high unemployment levels among warehouse labor, many workers left the industry and have stayed gone.
The chain that brings us Hardee’s and Carl’s Jr. faced several challenges
Temperature-controlled warehouse operator Americold pulled in its 2021 outlook, citing labor-related food manufacturing limitations within its customer base.
The acquisition of Hanson Logistics gives Lineage its first-ever facility in Michigan and expands its foothold in Indiana.
ENERGY’s customers now have access to a personalized web portal, which provides real-time data on inventory levels.
Shipping and fulfillment costs continue to escalate at double-digit levels.
More than one-quarter of survey respondents expect a 20% annual increase in warehouse demand over the next three years.
Prologis’ second-quarter results exceeded analysts’ expectations, and guidance moved higher as property rents are increasing at a record pace.
Logistics real estate investment trust Prologis announced Monday that demand for space remains robust and that operations are the healthiest in its 38-year history. The company modestly beat expectations for the second quarter and raised its outlook for the rest of 2021.
“We’re investing in our supply chain at an unprecedented scale in order to optimize that process end-to-end.”
The pandemic is still creating big swings in data, according to the Council of Economic Advisers, which urges caution in making big interpretations.
Federal funding and private investments lend support to the supply chain infrastructure surrounding the Port of Savannah.
Innovation is key to addressing the labor shortage at warehouses to keep up with surging consumer demands on the supply chain, says Kristi Montgomery, VP of innovation, research and development at Kenco Logistics Services.
The union’s declaration establishes the `Amazon Project,’ with the long-term goal of creating a division to organize company workers.
South Carolina Ports is touting two new export facilities projects that will have access to the Port of Charleston: a production facility and distribution center for winemaker Gallo and an agricultural transload facility run by Northwest Grains.
A Prologis Research report says new logistics real estate completions coming online will fall short of demand over the next decade.
Spartacus will acquire the company in a valuation of more than $1B; more than $400M will be plowed back into the business for growth.
Growth rates throughout the supply chain cooled in May from recent record highs. However, the latest reading on transportation capacity stepped lower again.
Industrial and logistics real estate investment trust Prologis brings in an industry veteran to manage relationships with multimarket customers and expand broker relationships.
The Kansas City region, with its centralized location, is becoming a prime area for commercial warehouse space, with KC Smartport expecting 15 million square feet to become available in 2021.
Steel costs and availability could delay projects for the rest of the year, expert says.
The staffing will be weighted toward the fulfillment and delivery centers, Amazon says.
Prologis announced it has partnered with the Association for Supply Chain Management to launch a certification program for logistics workers.
The facility will be located about 8 miles from the Georgia Ports Authority’s Garden City Terminal.
By either the standard of seasonal or not seasonal jobs, gains in employment are slow given the demand for drivers.
Cold storage facility operator Americold said food manufacturers are “failing to meet the needs of retailers” as COVID-related production shutdowns have drawn down food stocks. The impacts from lower inventories and throughput were seen in the company’s first-quarter report.
Kenco opens a facility in Perris, California, while Lineage acquires Spanish firm Frinvarra.
A Prologis Research report points to strong retail sales and inventory restocking as the catalysts behind further tightening in logistics real estate markets.
The first-ever deal with Apple is part of $4 billion in logistics contracts for XPO since the year began.
Company boosts its full-year EBITDA range, and discloses 11-year, $1.8 billion logistics contract with unidentified customer.
The New Jersey Senate majority leader’s proposal would require communities near a proposed warehouse to have input but no veto power.
Olsavsky says the one-day delivery service needs to get on top of burgeoning demand and warehouse space shortages.
Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.
Warehouse violence is an outlier that no one talks about. But it’s always a present danger.
Logistics warehouse provider Prologis sees the real estate market tightening further in 2021. Rents are expected to step higher by mid-single digits even as more capacity comes online.
Logistics warehouse provider Prologis reports a beat-and-raise quarter. The company is forecasting occupancy to continue to tick higher even as new properties come online.
The author of “Fulfillment: Winning and Losing in One-Click America” talks about Amazon’s push for complete dominance and what it may mean for all of us.
Amazon took a page from FedEx’s anti-union playbook, and the message of union irrelevance hit home with the warehouse workers.
Entertainment fulfillment company Gnarlywood will deploy inVia Robotics AI-powered warehouse software and autonomous robots as part of a warehouse automation strategy.
The growing number of warehouse workers could be fertile ground for unions’ organizing efforts. But the needle hasn’t moved much.
The March report may be the last for a while in which a comparison to last year is meaningful.
Other highlights from the monthly report: Soaring employment in warehouses is starting to moderate.