Warehouse

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.

STORD, which describes itself as a cloud supply chain company, has secured a $65 million funding round as it seeks to expand upon its logistics capabilities.

The loan size shrinking across the board but the amount of money going to transportation and warehousing sector grew more than $1 billion last week.

Strong e-commerce demand, tight supply and higher construction materials costs are a challenging brew for occupiers, CBRE says.

Major Canadian trucking and warehousing company Groupe Robert is making a large investment to build Quebec’s first 3PL automated distribution center for fresh and frozen foods.

Investigators are searching for a motive after a warehouse employee fatally shot two co-workers at a Roundy’s distribution center in Wisconsin.

The fragmented industrial service facilities segment could become the apple of the eyes of big-money investors.

The lending given out so far in the third version of the Paycheck Protection Program is not on track to exhaust the funds that have been authorized.

Cold storage provider Lineage Logistics announced Thursday that it completed a $1.9 billion equity raise to fund new developments, M&A and technology initiatives.

Prologis Research sees the need for modern logistics space climbing by at least 3 billion to 4 billion square feet over the next cycle.

“We are solving meaningful business challenges with innovation and passion,” says GreyOrange Chief People Officer Ramya Sampath Sharma.

February generally shows an increase in the number of trucking jobs, but not in 2021

Perks, not just higher wages, may be the price for retaining qualified and high-demand warehouse labor.

The asset-light warehouse startup will use the capital to expand its network, co-founder says.

Growth in the supply chain came at a faster pace in February, with transportation capacity falling and prices climbing at accelerated rates.

Revolution Acceleration Acquisition, a special purpose acquisition company, combines with Berkshire Grey to tap into the red-hot industrial robotics market.

Ernie Manansala Jr., chief marketing officer at BRÈINFÚEL, talks about the obstacles facing startup CPG brands and the need for flexible warehousing space with Grant Langston, CEO of Warehouse Exchange.

Brian Devine, senior vice president at ProLogistix, discusses the future of warehouse labor.

Warehousing has changed more in the past five years than in the previous 70 years. Chris Riemann, managing director of Deloitte Consulting, and A.K. Schultz, co-founder and CEO of SVT Robotics, discuss the role of automation in this warehousing revolution and how organizations must move their supply chains forward to compete during the e-commerce boom and the spike in online ordering because of the COVID pandemic.

Greater Philadelphia’s near-invisible vacancy rates paced the logistics real estate market’s 2020 gains.

After a successful pilot program, Walmart associate groups are funding an MIT course on supply chain management.

A $250 million e-commerce- and transportation-focused SPAC was filed Friday. Logistics industry veteran Dick Metzler is behind the deal.

Cold storage operator Americold saw occupancy dip year-over-year during the fourth quarter as food manufacturers struggled to keep proteins in stock.

Walmart shares drop hard as investors focus on lower-than-expected fiscal year 2021 fourth-quarter results and uninspiring FY 22 guidance.

The warehouse robot maker sees strong growth as more businesses automate their fulfillment operations.

CenterPoint acquires Houston-area distribution facility while Genesee & Wyoming reports industrial development results for 2020.

Canadian cross-border trucking and logistics company Titanium Transportation Group gains global access to key freight networks in Chicago with the latest U.S. brokerage office.

Smart loading dock startup Kargo announced the close of its $6 million seed round on Thursday. The company eyes further expansion and product development.

The startup will use proceeds to more than double its staff as it prepares for growth in the industrial warehousing sector.

Rents on U.S. logistics real estate advance amid pandemic-related headwinds during 2020. The annual Prologis Logistics Rent Index puts a bow on the year and takes a look at what 2021 has in store.

Supply chain technology provider Manhattan Associates bests fourth-quarter forecast and raises 2021 guidance. Management sees “robust” global demand for cloud solutions.

The January Logistics Managers’ Index moves higher as more firms take on inventory and delays throughout the supply chain further deplete transportation and warehouse capacity.

SONAR is the leading freight forecasting platform. Two recently added SONAR indices are proving very useful to SONAR subscribers. Learn more.

Prologis enters the new year with “optimism and confidence” as logistics real estate remains in high demand. Fourth-quarter financial results and 2021 guidance come in ahead of forecasts.

Logistics real estate operator Prologis reports better-than-expected fourth-quarter results as the “pandemic has pushed global supply chains to their limits.”

The Inland Empire continued a record streak of warehouse development, with over 50 million square feet of transactions in 2020.

The position is seen as a nod to the growing complexity of Prologis’ business.

Surging activity around logistics properties dominated the headlines in a fourth-quarter industrial real estate report. The strong trends are expected to advance into 2021 with some moderation seen as more supply comes online.

The partnership will help “transform” the food supply chain with better, faster data, Lineage says.

The deal with NorthPoint, believed to be valued at $160 million, ends US Steel’s 67-year ownership of the complex.

Digital yard management solutions company PINC partners with Lazer Spot to improve efficiency and visibility in trailer yards.

Nucor Tubular Products and PowerFleet on Tuesday announced a partnership.

Americold announced that it has closed on a 46-facility deal valued at $1.74 billion.

Warehouse solutions provider 6 River Systems ranks No. 23 in the FreightTech 25. The company rapidly expanded its customer base and wall-to-wall fulfillment solutions this year.

Warehouse robotics executives discuss industrial automation trends.

Team McKesson is implementing Phase 2 of Operation Warp Speed on Sunday, delivering the first Moderna COVID vaccines across the nation.

When most supply chain practitioners think of eBOL, they focus on the outputs. At MacGregor Partners, eBOL is viewed as a continuum.

TorQuest Partners buys VersaCold Logistics Services, a major Canadian cold storage provider with a large cross-border trucking operation.

Clutter was created to provide a smooth experience for customers with its process of door-to-door storage.

Whiz-bang systems and equipment will be glimpsed from afar this time around.

Logistics real estate operator Prologis highlights ways automated warehouse solutions can help offset part of the growing need for logistics space.

“We’re able to reach virtually 100% of our customers in Florida overnight from Jacksonville, which was a real selling point for us,” says aftermarket auto parts retailer.

GreyOrange’s Ranger autonomous robots work with employees in an e-fulfillment center in the Netherlands.

CEO Jim Newsome calls Walmart’s $220 million investment a signal that SCPA is “prepared to be a force in retail distribution.”

Increase in reverse logistics demand spawned by the continued growth of e-commerce activity.

A recently formed venture between Stockbridge Capital and a Korean pension fund will acquire 23 logistics properties valued at $2 billion.

The GEODIS Women’s Network “is also intended to improve the reputation of the logistics and transport industry, a field traditionally dominated by men.”

Helping small businesses compete with the Amazon (NASDAQ: AMZN) e-commerce juggernaut has become more than a cottage industry, as dozens of technology companies create platforms aimed at helping retailers and […]