To view more FreightWaves infographics, click here
The post FreightWaves Infographics: Maersk opens logistics warehouse in El Paso appeared first on FreightWaves.
industrial warehouses
Prologis says demand ‘improving’ in ‘uncertain macroeconomic environment’
Logistics warehouse operator Prologis beat second-quarter estimates Wednesday, reporting core funds from operations (FFO) of $1.34 per share, which was 1 cent ahead of the consensus expectation. The company said demand is improving in what it categorized as an “uncertain macroeconomic environment.”
Rental revenue increased 12% year over year to $1.85 billion while consolidated revenue fell 18% year over year to $2 billion. The decline in consolidated revenue was attributable to an 80% drop in...
Daily Infographic: Logistics warehousing construction starts plunge to near 10-year low
To view more FreightWaves infographics, click here
The post Daily Infographic: Logistics warehousing construction starts plunge to near 10-year low appeared first on FreightWaves.
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