Recent estimates on the current level of employment in the transportation and warehousing sector by the BLS are probably too high.
The Bureau of Labor Statistics’ latest report shows truck transportation jobs at a level in July less than last October.
Transportation prices fell sharply again in July, but the rate of decline is slowing.
The latest data from WarehouseQuote indicates retailers have ho-hum expectations for the holiday season.
Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.
Big-box facility leasing dropped 36% year over year, CBRE says.
Logistics real estate giant Prologis beat second-quarter estimates Tuesday but lowered its rent growth forecast for 2023 as the market cools from peak activity.
The industrial real estate market is beginning to revert back to solid pre-pandemic levels, a Cushman & Wakefield report says.
The BLS report on truck transportation in June showed a slight decline from May, but revisions mean job levels are higher than April.
The Occupational Safety and Health Administration says non-vessel operating common carrier W8 Shipping exposed workers to deadly safety hazards at one of its auto export facilities.
Logistics warehouse owner Prologis announced Monday the $3.1 billion acquisition of an industrial real estate portfolio owned by Blackstone.
PalletTrader is an online marketplace specifically designed for buying and selling pallets and pallets only. Since its launch in October, it has reached 1 million transactions and is rolling out an expanded service. But why is PalletTrader growing so fast and why do we need a marketplace just for pallets?
About $2.3 trillion was spent to keep the nation’s logistics system operating in 2022, according to the 34th State of Logistics Report.
GXO is starting its multiyear German expansion plan through the use of warehouse in Dormagen.
Prologis said the recent interest in logistics space in Mexico is just the beginning of what could be decades of demand.
Two new Saddle Creek facilities have opened. Another will open next month, followed by a fourth in 2024.
Ikea announced it has acquired cloud-based supply chain and warehouse management software provider Made4net.
MWCold operates 545,000 square feet of warehouses.
Gains in industrial real estate markets were reported in eastern and central Pennsylvania as well as greater Philadelphia.
GXO plans to run a new facility for consumer giant Kellogg in Belgium.
Users need to plan for rapidly tightening logistics real estate markets next year, a Prologis report says.
Truck transportation jobs rose in April, defying the worst forecasts from the freight recession.
Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.
Link Logistics maintained high occupancy and rent growth in the first quarter.
Lineage Logistics has opened a facility in Georgia designed to ease chokepoints for imports of produce at mid-Atlantic ports.
Logistics real estate operator Prologis believes headwinds facing the supply side will prop up occupancy and rents into 2024.
Warehouse operator Prologis reported first-quarter results in line with expectations Tuesday.
In 2022, 4,000 fulfillment centers were added to the global building stock. Interact Analysis forecasts that number to be cut in half this year.
Rents in the Chicago logistics market rose 15.7% compared to a year ago. Some in-demand submarkets saw rent increases of 20% or greater in Q1, according to Colliers data.
The truck transportation sector increased jobs in March, reversing a one-month decline in February.
This is the first time that 3PLs have been the top player in the warehouse leasing market since CBRE began compiling data in 2012.
The XPO contract logistics spinoff GXO is expanding its shared warehousing solution globally, starting with the European market.
Working in a co-warehousing environment is the next opportunity for merchants to hit customer targets while keeping warehouse and distribution costs under control, an expert says.
Federal investigators in California recently ordered two separate logistics operators to pay more than $1 million in back wages to Mexico-based warehouse workers.
Temperature-controlled warehouse operator RLS Logistics has planted a flag in the Midwest.
Warehouse robotics firm Locus Robotics announced a major automation solution for AMR fleets, LocusOne.
“We have been here over a decade and have deployed thousands of systems using this technology. We are bringing this level of experience with robotics that is just unmatched in this market,” said Mujin Director of Sales Josh Cloer.
Supply chain and logistics firms are making their solutions known at the industry’s largest event. Here’s the most notable news.
Abundant land, population growth and access to reasonably priced labor are just several factors that make the Dallas/Fort Worth market different from the rest, says David Eseke of Cushman & Wakefield.
ArcBest said Wednesday it has launched freight movement technology, allowing the contents of an entire trailer to be unloaded at once.
Short-term WALT leases present enticing returns for logistics real estate investors, according to latest research from commercial real estate firm Newmark.
The Colliers report highlights resilient demand through the year-end, with some cooling in 2023 as macro conditions weaken.
Supply chain veteran and patent holder Julian Van Erlach explains how FabFitFun continues to ship “more gross profit dollars per package.”
This week, FreightWaves will host Global Supply Chain Week, a three-day virtual experience featuring dozens of leaders in global trade.
There were ‘no surprises’ in GXO’s quarterly report, according to CFO Baris Oran.
A whopping 35 big-box warehouse facilities were built on “spec” construction, 46% above the previous record, Colliers says.
Transaction volume fell 35% in the fourth quarter as investors reassessed the industrial real estate market in the wake of interest rate hikes, a JLL report showed.
The annual revision to the BLS employment model showed a lot more workers in truck transportation last year than originally estimated.
A CBRE report indicates that mega-warehouse leasing activity stayed strong in 2022 and will remain that way in 2023.
Logistics warehouse operator Link Logistics reports high occupancy and rents during the fourth quarter.
The CFO of contract logistics firm GXO Logistics says labor costs are cooling but U.S. warehouse space remains tight.
Prologis says warehouse rents will step higher again in 2023.
The remarkably buoyant Chicago industrial real estate market faces supply shortages and elevated rents as big investors step back, Colliers says.
The number of truck transportation jobs rose in December, but following revisions of the earlier months, the fourth-quarter gain was minimal.
Ryder rolls out warehouse automation that fits your profile.
The Fed’s actions will not cool off rent growth, which is a byproduct of the supply-demand scale.
Lineage’s second big equity raise this year will support a 7% increase in the company’s global real estate capacity.
Lazer Logistics said Tuesday it has acquired the yard shuttling operations from Colorado-based Preferred Cartage Trucking Services.
Higher borrowing costs will cut all real estate asset values by 5% to 7%, according to CBRE’s 2023 outlook.
Prologis 2023 forecast says Texas will overtake California in warehouse demand, Mexico activity will surge due to nearshoring growth, and U.S. e-commerce will rebound to enjoy its second-best year on record.
It wasn’t a large gain, but truck transportation jobs in November continued an almost unbroke upward trend of gains since the worst of the pandemic.
Sales of industrial properties in the U.S. have dropped by double digits, even as prices continued to rise.
Bluejay Capital Partners has acquired Atlanta-based 3PL Best Warehousing and Transportation for an undisclosed amount.
Contract logistics giant GXO posts a better-than-expected earnings per share and affirms its full-year targets.
October hiring in the truck transportation sector took a surprising turn upward in October, according to BLS data.
Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.
Transportation capacity grew during October at the fastest pace captured in the history of a 6-year-old data set.
The city’s industrial real estate market is experiencing an acute supply shortage with little space to be found, according to a Colliers International report.
A new survey of warehouse labor employment reveals tons of job openings, higher pay and better work-life flexibility.
Two driver/warehouse worker strikes against Sysco are either over or likely to end soon.
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.”
An Amazon warehouse in Upstate New York will not become the second to unionize after workers vote no.
Higher interest rates and a cautious macro outlook have curbed logistics warehouse growth but have hardly stomped it out.
Industrial developer Logistics Property Co. plans to open a two-story, 1.2 million-square-foot warehouse in summer 2024 — the first of its kind in Chicago.
Air cargo is a premium shipping mode. Companies that want fast, reliable transfers are also seeing lease rates shoot up for logistics facilities near airports.
NFI Industries acquires container drayage and warehousing provider MCO Transport.
Warehouses are turning loss to profits with CartonCloud’s WMS.
Truck transportation jobs in September dropped by an amount exceeded in the last 10 years only by the start of the pandemic.
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.
Associations have come together on supply chain issues in California to form the Goods Movement Alliance.
Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.
Lineage Logistics announced the expansion of its European transportation and distribution network through acquisition Thursday.
Middle-market private equity firm Red Arts Capital announces its latest investment in the supply chain.
Leases of mega-warehouse facilities rose 50% in the first half of 2022, CBRE study says. But leasing by e-commerce companies declined dramatically.
This year’s performance will not be as explosive as last year’s. But it will still be very good, a 3PL industry expert says.
Switching out lighting in warehouses with 25-foot to 35-foot ceilings isn’t simple. But LEDs pack economic, labor and environmental benefits.
The South Carolina cold chain facility opening next year will handle Port of Charleston imports and exports of proteins, fruits and vegetables.
Jobs in the truck transportation sector have risen every month post-pandemic except one, but the pace of growth is slowing.
Transportation data showed further loosening during July, according to a supply chain survey released Tuesday.
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.”
The supply side is in a “pencils down” mode as higher rates change ROI calculations.
Industrial outdoor storage sites continue to attract the attention of transportation providers and investors with deep pockets.
Truck transportation jobs recorded another increase in June, but the rate of growth was slower than recent months, according to the latest Bureau of Labor Statistics report.
A supply chain survey released Tuesday showed market fundamentals continued to cool during June.
In the third in a series of podcasts on the providers of supply chain solutions, Craig Moore of Korbel talks about the needs of the warehouse sector.
Burris Logistics expands cold chain service map for subsidiary Honor Foods in its latest acquisition.
