Prologis names Letter to new capital deployment role

Prologis facility in Coventry, United Kingdom

Logistics real estate titan Prologis Inc. (NYSE:PLD) said Thursday that it has named Dan Letter to the newly created post of global head of capital deployment, a move that reflects the growing complexity of the company’s business and its unconventional organizational reporting style.

Letter, who assumed the role on Jan. 1, takes on a large part of Prologis’ chief investment officer’s responsibilities. Letter will report to Eugene F. Reilly, the company’s current CIO. Reilly and Letter will...

https://s29755.pcdn.co/news/prologis-names-letter-to-new-capital-deployment-role

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

5 warehousing sustainability trends for 2021

Warehousing trends include sustainability and automation.

Warehouse and logistics companies are trying to shore up their sustainability efforts as they struggle to change their inventory strategies from just in time to just in case during the COVID-19 pandemic. Here are five trends in sustainable warehousing to look for when the dust settles.

Automation

As warehouse labor gets progressively tougher to find and the pandemic continues, warehouses are shifting to technology and automation to do some of the work. Wearable devices, such as those provided by...

https://s29755.pcdn.co/news/5-warehousing-sustainability-trends-for-2021

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

The Daily Dash: Strong freight demand to continue flowing into 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, J.B. Hunt is not expecting a slowdown in freight through at least the first quarter of 2021. Plus, Nikola Corp. and General Motors continue talking about a battery agreement, but a deal remains out of reach for now. And some roads are just made for truckers.

No slowdown ahead

In a presentation at Baird’s 2020 Global Industrial Conference on Tuesday, executives from J.B. Hunt Transport Services (NASDAQ...

https://www.freightwaves.com/news/the-daily-dash-strong-freight-demand-to-continue-flowing-into-2021

Prologis looks to give warehouse tenants more than space

One of the more ambitious initiatives in Prologis, Inc.’s (NYSE:PLD) history began with LED lighting.

Several years ago, the San Francisco-based logistics warehousing giant embarked on what turned out to be a successful plan to drive down its warehouse lighting costs. Prologis then realized it could offer its customers LED retrofits at prices they couldn’t obtain on their own. What’s more, Prologis could help customers avoid the inevitable time and resource commitments to search for and vet...

https://s29755.pcdn.co/news/prologis-looks-to-give-warehouse-tenants-more-than-space

To create FreightTech value, know freight pain points (with video)

FreightTech panel

The key to creating value in FreightTech is to not just know tech but to know freight. That goes for founders as well as the venture capital (VC) funds that back them.

Prologis Ventures Managing Partner Will O’Donnell discussed the various aspects of this issue with Assembly Ventures co-founder and partner Jessica Robinson during FreightWaves’ FreightTech Venture Summit on Wednesday.

From the VC perspective, the freight industry “is complicated so it requires an understanding of the nuances,”...

https://www.freightwaves.com/news/to-create-freighttech-value-know-freight-pain-points-with-video

The Daily Dash: Listening to shippers; Schneider’s special dividend

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a Federal Motor Carrier Safety Administration listening session on a possible broker transparency rule saw shippers questioning how this would impact their confidentiality agreements. Plus, Schneider plans a special dividend, Werner’s earnings top expectations and carriers weigh in on the election.

What about the shippers?

In an online listening session Wednesday, FMCSA leaders heard industry views...

https://www.freightwaves.com/news/the-daily-dash-listening-to-shippers-schneiders-special-dividend

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

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