El proveedor de transporte y logística ArcBest anunció el lunes que ha desarrollado una carretilla elevadora que puede capturar las dimensiones de un envío. Actualmente, la compañía está utilizando la tecnología en un piloto de prueba. También anunció que ha abierto sus ofertas de tecnología Vaux a...
Industrial Real Estate
ArcBest deploying freight-dimensioning forklifts
Transportation and logistics provider ArcBest announced Monday it has developed a forklift that can capture the dimensions of a shipment. The company is currently using the technology in a test pilot. It also announced it has opened its Vaux technology offerings to other industries.
“Accurate freight dimensions have become increasingly important, but standard static dimensioners can be cost-prohibitive and inefficient for many businesses,” said Dennis Anderson, ArcBest’s chief innovation...
https://www.freightwaves.com/news/arcbest-deploying-freight-dimensioning-forklifts
Private firm strikes $262M deal for 25-building logistics portfolio in South Florida
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });
Longpoint has acquired a cluster of industrial-logistics properties totaling 1.4 million square feet...
JLL, Quiet Platforms pioneer flexible rent model, scale fulfillment network
In the first half of 2022, heightened e-commerce demand and limited warehouse supply were the prevailing trends.
Then, in October, Prologis further validated that narrative, reporting that occupancy tightened, more leases commenced, and utilization of space was at the 95th percentile historically during the third quarter. Currently, nationwide industrial vacancy rates are sitting at all-time lows.
All of that activity means tenants have been forced to pay more for space. As of October, Prologis...
Warehouse rents near cargo airports skyrocket, report says
Rising expectations for fast delivery of high-value products has fueled demand for near-airport warehouses and forced tenants to pay substantial rent premiums compared to other industrial spaces in large metropolitan areas, according to a new report from CBRE.
The Dallas-based commercial real estate services and investment firm found that average rents for warehouses within a 5-mile radius of major airports are 18.8% higher than the average for the region. The analysis covered the 20 busiest...
https://www.freightwaves.com/news/warehouse-rents-near-cargo-airports-skyrocket-report-says
Spanish billionaire just bet big on US logistics
U.S. logistics just got its next big investor from abroad.
Spanish billionaire textile tycoon Amancio Ortega, the founder of clothing brands Inditex and Zara, revealed on Tuesday that his family investment company Pontegadea had purchased five logistics warehouses in the U.S. totaling about $722 million, Bloomberg reported.
Spanish newspaper El Pais reported that the properties are strategically located in five states — Tennessee, South Carolina, Virginia, Pennsylvania and Texas — and rented...
https://www.freightwaves.com/news/spanish-billionaire-just-bet-big-on-us-logistics
Industrial outdoor storage garners more attention, investment
A surge in e-commerce activity during the pandemic sent fulfillment providers scrambling to find additional space to meet the need. Warehouse acquisition and build costs have soared alongside rents, which appear poised to see major hikes again this year. While the need for finished space remains high, so does the need for lesser-improved real estate.
Demand for industrial outdoor storage (IOS) is at an all-time high. This subset of the commercial real estate market consists of lots and yards,...
https://www.freightwaves.com/news/industrial-outdoor-storage-garners-more-attention-investment
Prologis taps new chief financial officer
Logistics real estate investment trust Prologis Inc. announced Tuesday the retirement of CFO Tom Olinger. The company’s treasurer, Tim Arndt, will succeed Olinger on April 1.
Olinger joined Prologis (NYSE: PLD) in 2011 following the company’s merger with AMB Property Corp., where he was serving as CFO. In his time with Prologis, the company has grown its portfolio from less than 150 million square feet of space to 1 billion. Prologis is now one of the top 100 companies in the S&P 500.
“Tom’s...
https://www.freightwaves.com/news/prologis-taps-new-chief-financial-officer
CBRE Investment snaps up $4.9B global logistics real estate portfolio
In one of the largest industrial real estate transactions in history, CBRE Investment Management, the investment arm of CBRE Group, the world’s biggest commercial real estate company, is buying up a $4.9 billion portfolio of logistics properties from Hillwood Investment Properties, a real estate business founded by Ross Perot Jr.
The portfolio, which includes more than 57 real estate assets, comprises over 28 million square feet of warehouse space — about 19 million of them are in the U.S., with...
Prologis expands training program for logistics workers
Logistics real estate investment trust Prologis Inc. announced Thursday it was expanding its training program aimed at tackling the growing need for logistics workers.
Through its Community Workforce Initiative (CWI), the San Francisco-based industrial warehouse operator is adding six locations to the training program – Dallas, Chicago, Las Vegas, Atlanta, and Tracy and Long Beach, California.
Through a partnership with JFF, a workforce and educational systems nonprofit, the expansion will allow...
https://www.freightwaves.com/news/prologis-expands-training-program-for-logistics-workers