warehouse and logistics Archives - Maritime Shipping News

Alibaba moves into Japan with third-party logistics offering

11 November 2020

Stacks of boxes on robot sleds in warehouse.

Cainiao, the logistics arm of Chinese e-commerce powerhouse Alibaba (NYSE: BABA), has opened for business in Japan to provide comprehensive logistics service to importers and exporters there.

The latest step in Alibaba Group’s global logistics expansion follows last month’s launch of third-party logistics services in South Korea and an air charter service to South America. Alibaba is racing rival Amazon (NASDQ: AMZN) to extend end-to-end logistics services beyond its own delivery needs to other...

https://s29755.pcdn.co/news/alibaba-moves-into-japan-with-third-party-logistics-offering

Prologis shakes off COVID headwinds to 2Q beat and raise

21 July 2020

Prologis Inc. (NYSE: PLD), the world’s leading logistics real estate investment trust (REIT), reported second quarter 2020 core funds from operations (FFO) of $1.11 per share, $0.12 per share better than the consensus estimate.

“Our results for the quarter were excellent, driven by strong operating performance and record promote income. I’m proud of our team members who have worked tirelessly to navigate the current environment. While e-commerce is clearly a tailwind, demand is broad-based...

https://www.freightwaves.com/news/prologis-shakes-off-covid-headwinds-to-2q-beat-and-raise

Prologis sees ‘accelerated’ demand for logistics real estate

18 June 2020

Leading global logistics real estate provider Prologis Inc. (NYSE: PLD) believes the pandemic has “accelerated the retail evolution” and is “pulling forward several years of adoption.”

The comments referred to the growing trend of retailers seeking to bolster their online presence and commitment to ecommerce fulfillment. These were some of the highlights from the real estate investment trust’s (REIT) sixth installment of a special reporting series on the impacts COVID-19 is having on demand for...

https://www.freightwaves.com/news/prologis-sees-accelerated-demand-for-logistics-real-estate

PINC closes on growth equity investment from Accel-KKR

16 June 2020

Will history repeat itself?

In 2017, Accel-KKR, a technology-focused private equity firm, sold HighJump Software, a supply chain software management provider, to German technology provider Körber AG for an undisclosed amount.

Accel-KKR earned about a 6x return on the sale of the Minneapolis-based provider, PE News reported at the time, with HighJump increasing its revenue by more than four times under Accel-KKR, which had owned the company since 2012.

Three years later, digital yard solutions...

https://s29755.pcdn.co/news/pinc-closes-on-growth-equity-investment-from-accel-kkr