The Daily Dash: Is Walmart the great supply chain innovator?

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Walmart CEO Doug McMillon detailed some of the retailer’s goals for innovation. Plus, the Federal Motor Carrier Safety Administration has added members to a 16-member committee focused on motor carrier safety, and Navistar plans to close an engine plant.

Supply chain innovator?

Walmart (NYSE: WMT) CEO Doug McMillon delivered a far-reaching keynote address at CES2021, painting in broad strokes the...

https://s29755.pcdn.co/news/the-daily-dash-is-walmart-the-great-supply-chain-innovator

Logistics real estate activity breaks records in Q4

Logistics real estate stays hot in Q4

Logistics activity continues to dominate the industrial real estate markets, according to global commercial real estate services firm Cushman & Wakefield (NYSE: CWK). The firm’s fourth-quarter outlook report highlighted the impact e-commerce is having on demand for logistics space.

Warehousing, distribution space in high demand

The report said the fourth quarter was the strongest on record for positive net absorption, the amount of space leased over that vacated, at 90 million square feet. The...

https://www.freightwaves.com/news/logistics-real-estate-activity-breaks-records-in-q4

Prologis Research says automation offsets only part of warehouse shortage

Prologis Research sees warehouse automation as partial offset to growing need for logistics space

The second installment in a two-part series on the benefits of automated logistics warehouses was published Wednesday by the world’s top logistics real estate investment trust, San Francisco-based Prologis Inc. (NYSE: PLD).

The company’s research team said the key hurdles facing the logistics real estate sector have been finding skilled labor and desirable locations for new sites. Additionally, limited last-mile delivery capacity is presenting further headwinds as parcel companies are turning...

https://s29755.pcdn.co/news/prologis-research-says-automation-offsets-only-part-of-warehouse-shortage

Joint venture will nab $2B logistics real estate portfolio

Stockbridge Capital expands logistics real estate portfolio

Stockbridge Capital and the world’s third-largest pension fund have entered into a joint venture to acquire 23 logistics warehouses valued at $2 billion, sources have confirmed to The Wall Street Journal.

The press release from Stockbridge Capital shows plans to acquire “core logistics properties” through a newly formed joint venture with the National Pension Service of Korea and an unnamed institutional investor. The group has committed to purchase 14.3 million square feet in Class A logistics...

https://www.freightwaves.com/news/joint-venture-will-nab-2b-logistics-real-estate-portfolio

Prologis Research points to automation as key to logistics operations

Prologis Research sees warehouse automation as easing e-commerce growing pains

A new research report from the world’s leading logistics real estate investment trust, Prologis Inc. (NYSE: PLD), highlights the benefits of automated logistics warehouses.

The first installment of a two-part series on automation in logistics real estate from the San Francisco-based company’s research team notes a rapid increase in warehouse automation as e-commerce growth accelerates and labor issues remain a headwind.

The report shows e-commerce logistics operations are leading the adoption of...

https://www.freightwaves.com/news/prologis-research-points-to-automation-as-key-to-logistics-operations

Prologis completes largest-ever sale of logistics warehouses in the UK

Prologis facility in Coventry, United Kingdom

San Francisco-based Prologis Inc. (NYSE: PLD) announced that it has completed the largest-ever portfolio sale of logistics warehouses in the U.K.

In a Wednesday evening press release, the world’s leading logistics real estate investment trust reported the sale of 22 stand-alone buildings totaling 4.3 million square feet to real estate funds managed by New York-based The Blackstone Group (NYSE: BX).

The price tag was 473 million pounds (U.S. $618 million).

The properties were acquired by Prologis...

https://www.freightwaves.com/news/prologis-completes-largest-ever-sale-of-logistics-warehouses-in-the-uk

Prologis sees logistics space in short supply by early 2021

Prologis facility at night

A tightening logistics warehouse market could lead to a shortage of space as soon as early 2021, according to a new logistics real estate report from Prologis Inc. (NYSE: PLD)

The San Francisco-based real estate investment trust’s research team concluded the uptick in demand for logistics space was centered on three primary catalysts: Increased confidence has boosted demand for leasing; the macro data suggests consumer consumption and COVID-19 can coexist; and there is improved visibility on the...

https://s29755.pcdn.co/news/prologis-sees-logistics-space-in-short-supply-by-early-2021

Prologis earnings ahead of pre-COVID levels as demand for logistics space grows

Prologis facility

Logistics real estate investment trust (REIT) Prologis Inc. (NYSE: PLD) reported “robust” activity within its portfolio as more sectors come back on line.

On the Tuesday third-quarter earnings call, CFO Tom Olinger said operating conditions are “meaningfully better than they were 90 days ago,” with utilization at its properties “returning to near-peak capacity,” which has driven earnings above pre-COVID levels.

The increase in logistics real estate demand is in part being driven by robust...

https://s29755.pcdn.co/news/prologis-earnings-ahead-of-pre-covid-levels-as-demand-for-logistics-space-grows

Logistics REIT Prologis sees modest beat and raise in Q3

Truck at Prologis facility

The world’s leading logistics real estate investment trust (REIT) Prologis Inc. (NYSE: PLD) noted in its third-quarter earnings report that demand is improving across several sectors of the economy. On Tuesday, the San Francisco-based company posted core funds from operations (FFO) of 90 cents per share, 2 cents ahead of the consensus estimate.

“Activity in our portfolio is robust and broadening — a reflection of increased demand in the quarter across multiple sectors, the adoption of e-commerce...

https://www.freightwaves.com/news/logistics-reit-prologis-sees-modest-beat-and-raise-in-q3

Conversion of retail space to logistics use ‘will be small’ – Prologis

Prologis facility in Jackson, Georgia

In a research report, San Francisco-based real estate investment trust Prologis Inc. (NYSE: PLD) says there are significant headwinds involved in converting retail space to logistics throughput centers.

COVID-19 has forced many traditional brick-and-mortar retailers to further adopt e-commerce solutions, with many looking to transform existing retail stores with low foot traffic into digital fulfillment centers.

However, the report suggests that retail conversions “will be small, amounting to...

https://s29755.pcdn.co/news/conversion-of-retail-space-to-logistics-use-will-be-small-prologis

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