Prologis

Supply Chain Council adds new executive, looks beyond California

Bringing together different elements of the supply chain in one group – shippers, carriers, brokers, customers and labor unions – may seem like the ultimate exercise in herding cats.

But the words of Benjamin Franklin come to mind when considering whether such an effort is necessary.

“We must indeed all hang together, or most assuredly, we shall all hang separately,” said the “First American,” referring to the assumed fates of the signers of the Declaration of Independence should the British...

https://www.freightwaves.com/news/supply-chain-council-adds-new-executive-looks-beyond-california

Prologis acquires ownership stake in Mexican REIT Fibra Terrafina

Logistics real estate operator Prologis Inc. announced its affiliate Fibra Prologis has acquired a majority stake in Mexican real estate investment trust Fibra Terrafina. The company now has a 77.14% stake in Fibra Terrafina, which is listed on Mexico’s primary stock exchange with a $1.5 billion market capitalization.

Fibra Terrafina (TERRA13.MX) manages 42.2 million square feet of space – 288 warehouses and four land bank properties – in Mexico.

“This investment comes at a unique moment for...

https://www.freightwaves.com/news/prologis-acquires-ownership-stake-in-mexican-reit-fibra-terrafina

Building an electrification business in reverse

When most fleets think about the electric grid, it’s about how much power they can get and when. Seed-stage startup Synop has another idea – making money by helping return unneeded power to utilities.

Seed-stage startup Synop found its niche in bidirectional charging. (Image: Synop)
Giving back (electricity) as a business

When Gagan Dhillon worked for Volvo Trucks North America, he saw an opportunity to create a TMS for electric trucks. No one was interested. Then he and longtime friend Andrew...

https://www.freightwaves.com/news/building-an-electrification-business-in-reverse

Backed by big companies and labor, Supply Chain Council debuts

JERSEY CITY, N.J. – Against a backdrop of New York Harbor and cranes looming over the Port of Newark, the Supply Chain Council announced its formation Wednesday, boasting that it will fill a void among logistics-focused associations by casting a wider membership net.

At a press briefing at Liberty State Park, the type of “big tent” the Supply Chain Council seeks to build was most evident in the fact that its chairman, Prologis Senior Vice President Steven Hussain, and Josh LaFarga, director of...

https://www.freightwaves.com/news/backed-by-big-companies-and-labor-supply-chain-council-debuts

California’s forklifts were going zero-emission even before latest mandate

California is rolling out new rules to move toward a zero-emission fleet of forklifts, against the backdrop of an industry that is already moving in that direction.

The California Air Resources Board last month passed a final rule designed to phase out the use of large spark-ignited (LSI) forklifts. An LSI engine is one in which a spark is utilized to ignite a fuel, which in a large portion of the forklift world means propane. Propane has long been the preferred fuel for indoor forklifts given...

https://www.freightwaves.com/news/californias-forklifts-were-going-zero-emission-even-before-latest-mandate

Prologis sees improving logistics real estate market in 2025

Logistics real estate investment trust Prologis said fewer development starts, a shrinking construction pipeline and “subdued” but “improving” demand will keep industry vacancies from stepping materially higher.

Prologis (NYSE: PLD) reported core funds from operations (FFO) of $1.34 per share on Wednesday, which was 1 cent better than the consensus estimate but 49 cents lower year over year.

Management from the company told analysts on a Wednesday call that an increase in container volumes at the...

https://www.freightwaves.com/news/prologis-sees-improving-logistics-real-estate-market-in-2025

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...

https://www.freightwaves.com/news/prologis-says-demand-improving-in-uncertain-macroeconomic-environment

Prologis, Maersk launch heavy-truck charging hub near SoCal ports

Logistics real estate investment trust Prologis announced the opening of Southern California’s largest electric charging depot for heavy-duty trucks through a partnership with Performance Team, a warehousing and distribution subsidiary of Maersk.

The station is located near the ports of Los Angeles and Long Beach. With nine megawatts of capacity, the depot can charge up to 96 heavy-duty trucks at the same time.  

The facility was built in just five months and boasts the nation’s biggest electric...

https://www.freightwaves.com/news/prologis-maersk-launch-heavy-truck-charging-hub-near-socal-ports

Prologis and Maersk open largest heavy-duty EV charging depot in California

In a significant advancement for California’s clean transportation infrastructure, Prologis, a global leader in logistics real estate and Performance Team – A Maersk Company, announced the launch of Southern California’s largest heavy-duty electric vehicle (EV) charging depot.

Located near the Ports of Los Angeles and Long Beach, this facility is powered by the nation’s largest EV truck microgrid.

Situated directly off the Harbor (110) Freeway in Los Angeles on Denker Avenue, and within five...

https://container-news.com/prologis-and-maersk-open-largest-heavy-duty-ev-charging-depot-in-california/

Prologis sees market tightening again once interest rate cuts begin

Management from logistics real estate investment trust Prologis said Wednesday that uncertainty around the timing of interest rate cuts has slowed leasing demand in the near term but that its favorable longer-term outlook remains unchanged.

Prologis (NYSE: PLD) reported first-quarter core funds from operations (FFO) of $1.28 per share, in line with the consensus estimate. However, it lowered its full-year guidance by 1% to a new range of $5.37 to $5.47 compared to analysts’ expectations of $5.50...

https://www.freightwaves.com/news/prologis-sees-market-tightening-again-once-interest-rate-cuts-begin

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