The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, truckload carriers hauling produce are enjoying rates that are abnormally high for December. Plus, construction continues on Nikola’s electric truck assembly plant, and warehouse space remains red-hot.
Produce price shockThis may not be peak produce season, but for produce shippers, you wouldn’t know it. Produce truckload spot rates have reached levels never before seen in the marketplace.
Zach...
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