Prologis Archives - Page 4 of 12 - Maritime Shipping News

Prologis promotes pair to president, vice chairman

27 September 2022

Logistics real estate giant Prologis Inc. said Tuesday that it has named Dan Letter, the company’s global head of deployment, as its next president and that Gene Reilly, the chief investment officer, will take on the newly created role of vice chairman.

Letter, who has been with Prologis (NYSE: PLD) since 2004, will be responsible for the company’s vast global real estate operations and its capital deployment activities. Reilly, who joined Prologis in 2003, will become senior adviser to Hamid R....

https://www.freightwaves.com/news/prologis-promotes-pair-to-president-vice-chairmannbsp

A dumb box no more: Warehouses are built with intelligence in mind

9 September 2022

PHILADELPHIA — The basic warehouse is made up of four walls. What makes a facility effective is what is built inside those four walls. In 2022, that means building facilities with the future in mind, yet one capable of leveraging robotics and business intelligence today.

The warehouse is no longer just a dumb box.

With estimates of just between 5% and 10% of all global warehouses having some form of automation, and the need to improve efficiency, especially in e-commerce warehouse operations, the...

https://www.freightwaves.com/news/building-the-modern-warehouse-with-technology-in-mind

Installing LEDs gives warehouses cheaper, cleaner lighting, experts say

10 August 2022

Inside a warehouse, aisles and bright lighting are visible.

Many people have switched to LED lights in their homes because they know how much money and energy it saves. So why haven’t companies with huge warehouses around the world done the same?

It’s not as simple as it may seem. “An LED retrofit is a disruptive retrofit,” Sam Stockdale, senior vice president and head of sustainability at last-mile logistics real estate company Link Logistics, told FreightWaves.

It often requires coordination between tenants and landlords, changes to leases or contracts,...

https://www.freightwaves.com/news/installing-leds-gives-warehouses-cheaper-cleaner-lighting-experts-say

Prologis report sees modest uptick in logistics warehouse vacancies

21 July 2022

Prologis Research's outlook on logistics real estate supply

The U.S. logistics warehouse system will experience relatively modest upticks in vacancy rates through the balance of the year and into 2023 as demand cools and supply chain bottlenecks ease, allowing more capacity to come online, the research unit of Prologis Inc. said Thursday.

In a report that mostly focused on second-quarter activity, Prologis (NYSE: PLD) said vacancy rates, which remained at an all-time nationwide low of 3.1% in the quarter, are expected to rise to 3.2% by the end of 2022...

https://www.freightwaves.com/news/prologis-report-sees-modest-uptick-in-logistics-warehouse-vacancies

Prologis sees ‘normalization’ in warehouse demand off all-time highs

18 July 2022

On a Monday call with analysts, management from logistics warehouse operator Prologis Inc. noted some moderation in demand for logistics space but with the caveat that the change represents only a modest step lower from the recent all-time highs.

“Let’s call the peak in terms of strength of market on the demand side as a 10, on a 1-to-10 scale,” said Hamid Moghadam, co-founder and CEO. “I think the last quarter and the quarter before were like on 12 or 13 — they were just crazy good. I think...

https://www.freightwaves.com/news/prologis-sees-normalization-in-warehouse-demand-off-all-time-highs

Logistics warehouse giant Prologis ups guidance again

18 July 2022

Logistics real estate investment trust Prologis Inc. raised its full-year 2022 guidance Monday, noting the market indicators it follows “remain strong.”

“The pandemic drove record demand for the past two years, which translated into all-time low vacancies and unprecedented rent growth,” Hamid Moghadam, co-founder and CEO, said in a news release. “As conditions normalize, we are still seeing healthy demand that rivals past peak cycles and, informed by our proprietary data insights, we expect...

https://www.freightwaves.com/news/logistics-warehouse-giant-prologis-ups-guidance-again

Borderlands: Exports, production of heavy-duty trucks from Mexico drop in May

26 June 2022

Exports, production of heavy-duty trucks from Mexico drop in May

Mexico’s truck production and exports continue to be affected by global supply chain issues and parts shortages, officials said.

Exports of Mexican-made heavy-duty cargo trucks fell 24% year-over-year in May to 6,021 units, while production fell 20% year-over-year to 7,179 units.

Both export and production figures for May represent the lowest totals so far in 2022 for Mexico’s truck production and export industry.

“One day you’re...

https://www.freightwaves.com/news/exports-of-heavy-duty-trucks-from-mexico-drop-in-may

Prologis includes supply chain emissions in net-zero by 2040 target

23 June 2022

Green trees surround a Prologis sign in front of a warehouse.

Real estate logistics provider Prologis has committed to reaching net-zero emissions by 2040 across its entire supply chain, including scope 1 (direct), scope 2 (indirect) and scope 3 (supply chain) emissions.

Wednesday’s announcement came with the release of the San Francisco-based company’s 2021-22 environmental, social and governance report.

“Prologis has always been ambitious in our sustainability efforts and our new net-zero goal is no exception,” Hamid Moghadam, co-founder, CEO and...

https://www.freightwaves.com/news/prologis-includes-supply-chain-emissions-in-net-zero-by-2040-target

Prologis adquiere Duke Realty en una operación de 26.000 millones de dólares

13 June 2022

Prologis anunció el lunes que ha llegado a un acuerdo para adquirir a su competidor Duke Realty en una operación de 26.000 millones de dólares en acciones.

Tras meses de rechazar sus ofertas, Duke Realty (NYSE: DRE) finalmente se sentó a la mesa y aceptó la oferta edulcorada del operador de bodegas logísticas Prologis. A principios de mayo, Prologis (NYSE: PLD) dijo que había hecho un “último intento de compromiso privado”, ofreciendo una prima del 34% por los 165 millones de pies cuadrados de...

https://www.freightwaves.com/news/prologis-adquiere-duke-realty-en-una-operacion-de-26-000-millones-de-dolares-2

Prologis acquiring Duke Realty in $26B transaction

13 June 2022

Prologis announced Monday it entered into an agreement to acquire competitor Duke Realty in a $26 billion all-stock transaction.

After months of rejecting its offers, Duke Realty (NYSE: DRE) finally came to the table and agreed to logistics warehouse operator Prologis’ sweetened bid. In early May, Prologis (NYSE: PLD) said it made a “final attempt to engage privately,” offering a 34% premium for Duke’s 165 million square feet of space. The $24 billion offer was rejected by Duke on the same day...

https://www.freightwaves.com/news/prologis-acquiring-duke-realty-in-26b-transaction

+ More