Prologis

Will there be logistics demand for all that dirt?

The co-founder and CEO of Zenith IOS, Ben Atkins, has an ambitious and a somewhat unorthodox goal for his company. “We want to be,” he said, “the Prologis of dirt.”

Given its massive size — more than 1 billion square feet of logistics warehousing across the globe — being known as the Prologis of anything is aspirational for most real estate developers. That’s especially true for Zenith, less than 3 years old and looking to redefine the industrial outdoor storage (IOS) industry, a legacy business...

https://www.freightwaves.com/news/will-there-be-logistics-demand-for-all-that-dirt

The slow climb of multistory warehouses

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-4’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-4’); });

Earlier this month, real estate services firm JLL Inc. published a report marking the fifth...

https://www.freightwaves.com/news/the-slow-climb-of-multistory-warehouses

Prologis sees demand uncertainty, posts Q3 beat

Logistics real estate investment trust Prologis pointed to geopolitical unrest and rising interest rates as factors weighing on customer decisions around investment in warehousing space.

Prologis (NYSE: PLD) beat third-quarter expectations Tuesday, posting core funds from operations (FFO) of $1.30, which was 5 cents ahead of the consensus estimate but 43 cents lower year over year (y/y).

The company expects project completions to outpace net absorptions by 150 million to 250 million square feet...

https://www.freightwaves.com/news/prologis-sees-demand-uncertainty-posts-q3-beat

Prologis beats Q3 expectations

Logistics real estate operator Prologis beat third-quarter estimates Tuesday before the market opened but noted softened demand.

The San Francisco-based company reported core funds from operations (FFO) of $1.30, 5 cents ahead of analysts’ expectations but 43 cents lower year over year (y/y).

“Our results reflect strong execution by our team and the quality of our global portfolio,” said co-founder and CEO Hamid Moghadam. “That said, until there is more stability in the economy, negative customer...

https://www.freightwaves.com/news/prologis-beats-q3-expectations

Big leap forward for fleet electrification: Prologis launches accessible EV charging infrastructure

The logistics industry continues to be a strong area of focus for government leaders hoping to reduce greenhouse gas emissions and slow the progression of transportation-related climate change. As a result, legislators are driving emission-cutting regulations forward at breakneck speeds. 

In California, for example, the Advanced Clean Fleet rule requires a large percentage of fleets to stop purchasing trucks with internal combustion engines after 2023. The state’s zero-emissions regulations are...

https://www.freightwaves.com/news/big-leap-forward-for-fleet-electrification-prologis-launches-accessible-ev-charging-infrastructure

Prologis chief urges Federal Reserve to rethink rate policy

The head of Prologis Inc. (NYSE: PLD), the world’s largest logistics real estate company, urged the Federal Reserve Wednesday to throttle back on its aggressive policy of interest rate increases and the hawkish rhetoric supporting it, warning that the Fed’s actions may “spook this market into places that they don’t want to go.”

Hamid R. Moghadam, co-founder, chairman and CEO, was not specific about what market he was referring to. Co-keynoting his company’s annual Groundbreakers event in San...

https://www.freightwaves.com/news/prologis-chief-urges-federal-reserve-to-rethink-rate-policy

Prologis looks to lead on commercial EV charging infrastructure

This fireside chat recap is from FreightWaves’ Net-Zero Carbon Summit on Thursday.

FIRESIDE CHAT TOPIC: Empowering Electric Futures: Navigating Challenges in Scaling Commerical Electric Vehicle Charging Infrastructure

DETAILS: Henrik Holland, the global head of electric vehicle charging at Prologis, provides insight into strategic placement, sustainability integration, user experience and regulatory advocacy in the expansion of commercial EV charging networks, offering a holistic approach to the...

https://www.freightwaves.com/news/prologis-looks-to-lead-on-commercial-ev-charging-infrastructure

Real estate investors surge into electric truck charging

Somewhere around the middle of the Netflix movie “The Founder,” actor Michael Keaton’s Ray Kroc character is told that his franchise success turns on real estate, not flipping hamburgers.

The same could be said of the nascent electric truck charging business. Every electric charging depot needs land. As part of a multiprong strategy, the biggest real estate developers and a host of well-funded startups are gobbling up acreage for future sites.

The opportunity is enormous. The California Energy...

https://www.freightwaves.com/news/real-estate-investors-surge-into-electric-truck-charging

Terminal Industries departs stealth mode with $17M for AI yard operations

Significant attention has been given to advancing warehouse management systems (WMS) in the FreightTech landscape, revolutionizing operations within physical buildings for enhanced transparency and optimization. 

However, yard management systems (YMS) have received less investment, and their innovations have been relatively dormant compared to WMS. YMS has traditionally relied on manual processes with limited technological support.

Related: FreightWaves opens 2024 FreightTech nominations

To...

https://www.freightwaves.com/news/terminal-industries-departs-stealth-mode-with-17m-for-ai-yard-operations

Prologis beats Q2 expectations, lowers rent growth forecast

Logistics real estate operator Prologis lowered its 2023 rent growth forecast as it expects vacancies to tick higher in the near term.

Prologis (NYSE: PLD) on Tuesday reported core funds from operations (FFO) of $1.83 per share for the second quarter, 16 cents higher than the consensus estimate and 72 cents higher year over year (y/y). Consolidated revenue increased 96% y/y to $2.45 billion given higher rents and previous acquisitions.

Management from the company said it believes vacancies will...

https://www.freightwaves.com/news/prologis-beats-q2-expectations-lowers-rent-growth-forecast

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.