Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.
The move underscores the REIT titan’s commitment to logistics warehousing.
In its latest logistics bid, Blackstone Group is buying 124 logistics properties in the U.S. and Europe.
Blackstone’s logistics real estate unit boosted its U.S. portfolio to 440 million square feet.
JD Logistics’ network has the ability to deliver 90% of orders within the same or next day to 99% of mainland China.
“Ethnic communities have been overlooked in the online and retail space. We believe the opportunity to provide these fast-growing communities access to exciting and affordable groceries is tremendous,” said founder and CEO of Weee!
The Japanese company is leveraging its logistics facility hardware, like security cameras and bar code readers, with Blue Yonder’s artificial intelligence software that can predict product demand and audit supply chains for inefficiencies.
Prologis Inc. announces the completion of the largest-ever portfolio sale of logistics warehouses in the U.K.
The Wall Street Journal is reporting that U.S. Class I railroad Kansas City Southern is in play again. Blackstone and Global Infrastructure Partners are reported to have made an offer.
A Wall Street Journal article suggested Global Infrastructure Partners and the Blackstone Group’s infrastructure segment are considering acquiring KCS.
Nuveen Real Estate acquires 100-property US logistics portfolio from Blackstone
Convoy has rolled out a free transportation management system for shippers. Also, USPS is interested in drone operators, Rivian wants people to subscribe to its trucks, and Virgin Atlantic pushes for more air cargo marketshare in London.
Blackstone puts money where mouth is by buying US last-mile assets of Colony Industrial
Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.
Prologis and Blackstone Group are both trying to acquire the U.S. warehousing portfolio of GLP.
