E-commerce buildout supporting logistics space leasing activity
Real estate investment trust Prologis said the need for more e-commerce fulfillment space is growing.
Real estate investment trust Prologis said the need for more e-commerce fulfillment space is growing.
Contoro Robotics announced Tuesday it has raised $12 million in its Series A funding round to scale its AI-powered trailer- and container-unloading robots.
Supply chain managers stockpiled goods again in February in efforts to outrun looming tariffs.
Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.
Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.
Logistics real estate investment trust Prologis announced co-founder Hamid Moghadam will retire at the end of the year and that President Dan Letter will succeed him as CEO.
Ridgefield, Washington, industrial automation company Lab0 announced the launch of the first industrial humanoid-inspired system designed to fully automate inbound warehouse operations.
Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.
ArcBest announced Monday it is piloting a forklift that also acts as a freight dimensioner.
The annual revision to the Bureau of Labor Statistics’ employment report showed a lot fewer jobs in truck transportation than earlier thought.
An annual report from logistics real estate landlord Prologis calls for a slight recovery in market rents during 2025 following the first decline in more than 15 years.
Logistics warehouse operator Prologis sees a positive inflection point nearing.
A stable labor market suggests carriers are less likely to face harsh wage competition, a common concern during periods of labor scarcity.
The Bureau of Labor Statistics reported a slight decline in truck transportation employment in December, wrapping up a down year in the sector.
At the Transportation Research Board annual meeting, intermodalists advise and dissent over developments in the freight sector.
The Logistics Managers’ Index showed a near-term high for transportation pricing in December.
Sankalp Arora, co-founder and CEO of Gather AI, and FreightWaves’ Grace Sharkey discussed during FreightWaves’ Domestic Supply Chain Summit the use of AI technology and drones to automate inventory monitoring and asset tracking in warehousing to improve efficiency and reduce human error.
Bureau of Labor Statistics data on truck transportation jobs showed one of the bigger gains in a long time in November.
The November Logistics Managers’ Index showed a jump in transportation pricing even as capacity stepped higher.
Two incendiary devices bound for delivery by DHL from Europe to North America were discovered this summer, prompting Western officials to investigate their origin.
Lineage Inc. announced quarterly results Wednesday for the first time since becoming a public company.
The number of truck transportation jobs in the U.S., as reported by the Bureau of Labor Statistics, is only slightly off from where it was a year ago.
Despite a first-half lull in domestic network demand for logistics services, the world’s largest forwarder saw overall volume growth in the third quarter.
Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.
Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”
The Bureau of Labor Statistics report showed a small drop in trucking jobs in September but an enormous one at warehouses.
Switzerland-based DSV added to its stable of logistics providers, buying Schenker from the debt-laden German national railway.
There was no change in transportation capacity during September. That, coupled with further growth in pricing, signals the freight market may finally be climbing out of a prolonged downturn, a survey of supply chain executives showed.
California Gov. Gavin Newsom has signed into law AB98, which will impact the growth of warehouses in California.
A Wednesday court filing showed bankrupt Yellow Corp. will begin accepting indications of interest for its remaining terminals next week with the hope of closing the property sales in January.
German railway Deutsche Bahn is selling its Schenker logistics unit to DSV of Denmark in a deal that will create the world’s largest forwarder.
Schenker has been sold, but not to the U.S. private equity group vying for control of the German logistics provider. Transport provider DSV of Denmark has emerged as the winning bidder, Reuters reported, in a deal worth 14 billion euros ($15.43 billion). A consortium of private investors led by CVC Capital Partners of New York […]
UPS said Tuesday it was buying two Germany-based cold chain logistics operators to add to its sprawling health care logistics footprint.
The BLS report for August showed another decline in truck transportation jobs and another increase in warehouse employment.
Opponents of a bill transferring significant authority over California warehouses from local governments to the state are waiting to see whether Gov. Gavin Newsom will sign it.
The August Logistics Managers’ Index showed transportation capacity increased notably while pricing growth slowed.
A New York-based venture capital firm and European transport specialist are vying to acquire Schenker, the logistics unit of German national railway Deutsche Bahn, which could shake up the market for logistics services in the U.S.
ShipHero is separating its warehouse management system from its fulfillment business by launching a subsidiary 3PL, LVK, to better focus on customers. The move is to better position itself in the industry as the freight recession continues and venture capital in the FreightTech community becomes scarcer.
Global warehouse operator Prologis announced its Mexican affiliate has acquired a 77% equity stake in Fibra Terrafina.
The July Logistics Managers’ Index points to a freight market recovery, a Tuesday report showed.
The employment report for July showed truck transportation jobs down for the fourth straight month.
Temperature-controlled real estate investment trust Lineage Inc. announced it will give $100 million in equity awards to its workforce.
Cold storage real estate investment trust Lineage Inc. announced that its initial public offering priced near the high end of the range and will include at least 10 million more shares than expected.
California’s latest environmental logistics rule focuses on forklifts, but clean technology there has been growing already.
FedEx Corp. on Thursday opened its first European Life Science Center, with capabilities to receive, store, kit, pick, pack and ship health care products.
Logistics warehouse operator Prologis said uncertainty around interest rates and the political landscape should be resolved in the coming months, clearing a path for a more constructive 2025.
Logistics real estate landlord Prologis noted “subdued” but “improving” demand in its second-quarter report issued Wednesday.
Real estate investment trust Lineage announced the pricing of its initial public offering on Tuesday.
The BLS jobs report for June recorded a small drop in the number of truck transportation jobs.
The June Logistics Managers’ Index captures no growth in transportation capacity for the first time since March 2022.
Temperature-controlled facility operator Lineage plans a public listing on the Nasdaq.
Federal investigators in California recently ordered three logistics operators to pay more than $840,000 in back wages and penalties to Mexico-based warehouse workers.
Logistics costs for U.S. businesses were lower in 2023, but prices remain higher than they were before the pandemic, much like the situation with consumer price inflation.
Another drop in truck transportation jobs in May means the total stands at the same level as it did in November.
Supply chain managers indicated higher transportation pricing in May but also noted that capacity continues to grow.
Logistics real estate operator Prologis and Maersk subsidiary, Performance Team, launch a 96-truck electric charging station in Southern California.
A monthly supply chain survey shows a reversal in transportation metrics during April but points to improvement on the horizon.
Truck transportation jobs posted a small decline in April after six straight months of relatively minor gains.
Logistics real estate operator Link Logistics continues to see favorable demand for space on the downside of the freight cycle.
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.
Stord’s purchase of ProPack Logistics grows the company’s fulfillment centers to 1.6 million square feet.
Truck transportation jobs in March recorded an increase in the midst of a generally weak trucking market.
ArcBest announced a partnership with Nvidia in which it is swapping out 3D lidar sensors for an AI-based technology.
Newly launched LocusHub lets warehouse managers customize autonomous mobile robots’ workflow routes, forecast staffing and orders with machine learning, and pinpoint bottlenecks.
Truck transportation jobs in the monthly BLS report were slightly down, but that couldn’t be said for plunging warehouse numbers.
The Teamsters and Anheuser-Busch have reached a new five-year contract covering 5,000 workers across operations in the U.S.
GXO’s offer to buy U.K. logistics firm Wincanton bests Ceva Logistics’ bid by 26%.
Zoning changes banning logistics facilities in Deerfield, Illinois, are to take effect Feb. 20.
ArcBest announced Tuesday it can now provide autonomous and remote-controlled forklift technology.
The Logistics Managers’ Index for January showed transportation prices are increasing as retailers take on inventory.
As the Bureau of Labor Statistics signaled in August, the annual revision of employment data shows fewer truck transportation jobs last year than initially reported.
Regulations continue to reshape industries in 2024. For warehousing, new environmental, labor and safety policies will require new strategies and technology adoption.
Link Logistics records another big year of final-mile property additions in 2023.
Slow growth in mega-leases is expected to continue through 2024, CBRE said.
Detention time is one of trucking’s most pernicious issues. Two former retail executives explain why the industry can’t seem to fix it.
Supply chain software providers Manhattan Associates, Blue Yonder and AWS Supply Chain used the National Retail Federation’s annual meeting to tout new offerings and discuss recent challenges.
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.
Seattle-based logistics startup Flexe is laying off 99 workers, its third round of layoffs in two years.
Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.
The monthly BLS report showed a relatively modest gain for truck transportation jobs but another decline in warehouses.
Chattanooga, Tennessee-based 3PL Kenco announced Thursday it has acquired third-party warehousing services provider The Shippers Group.
The Logistics Managers’ Index report showed transportation metrics worsened again in December but noted recent inventory cuts could put the freight cycle back on track in 2024.
Proponents and opponents increasingly are slugging it out over the viability of warehouse developments.
A rule on warehouse emissions that the California Trucking Association viewed as like a zero-emission vehicle mandate has been upheld in court.
A new owner sees air cargo potential for underutilized property at Calgary airport in Alberta, Canada.
BWT Logistics announces it has acquired North Carolina-based regional 3PL International Express Trucking
The anticipated cuts in the fed funds rate will bring institutional capital off the sidelines in the second half of 2024, Prologis predicted.
Community opposition adds complexity to logistics warehouse development, the president of Prologis says.
Technology advancements will make it easy to automate warehousing operations right from your phone.
The small rise in truck transportation jobs in November contrasts with more recent big swings.
Yard automation will bring about significant improvements in how companies manage their transportation hubs, leading to streamlined operations, reduced costs and enhanced visibility.
Cold storage and logistics provider Lineage Logistics is working on an initial public offering that will value the company at more than $30 billion, Bloomberg reported Tuesday.
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.
Embedding existing warehouses with new automation offers great potential as well as some risks, according to experts.
Total employed in the sector now more than 30,000 fewer than at May peak
Shared warehousing, distribution and fulfillment services are making it possible for companies to adapt to fluctuations in demand, providing the same functional benefits of an owned warehouse, distribution or fulfillment center without the upfront investment and risk.
A slowdown will be the pause that refreshes the industrial development segment.