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https://www.freightwaves.com/news/daily-infographic-3pls-top-player-in-warehouse-leasing-last-year
Freight market downturn turns 1 year old
It has been just over a year since Craig Fuller, CEO and founder of FreightWaves, wrote an article titled “Why I believe a freight recession is imminent,” published March 31, 2022, in which he predicted the U.S. trucking market was heading toward a significant downturn.
Fuller noted the reaction in a follow-up article published Monday: “At first, there was a great deal of vitriol aimed at the FreightWaves analysis and also...
https://www.freightwaves.com/news/loaded-and-rolling-freight-market-downturn-turns-1-year-old
Warehouse space is tough to come by at the moment, and it will likely stay that way through 2023. But this Amazon competitor remains unfazed.
Cart.com, an e-commerce firm focused on growing brands through omnichannel sales and fulfillment, on Friday announced that it added 1.6 million square feet of warehouse capacity by expanding its fulfillment centers in Memphis, Tennessee; Columbus, Ohio; Salt Lake City; and North Texas. That nearly doubles the firm’s total warehouse space in the U.S.
The...
https://www.freightwaves.com/news/e-commerce-platform-cartcom-grows-us-fulfillment-footprint
After spending billions doubling the size of its fulfillment network during the pandemic, Amazon finds itself in a perilous position.
In the first quarter of 2022, the e-commerce giant reported a $3.8 billion net loss after raking in an $8.1 billion profit in Q1 2021. That includes $6 billion in added costs — the bulk of which can be traced back to that same fulfillment network.
Amazon (NASDAQ: AMZN) CFO Brian Olsavsky said the company chose to expand its warehouse network based on “the high end...
A Tuesday report showed activity across the supply chain was near record levels again in February. A sizable amount of inventory in the system was met by a lack of capacity to either move it or store it, a trend that continued from January.
The Logistics Managers’ Index (LMI), a survey measuring supply chain conditions, came in at 75.2 during the month, 3.3 points higher than January and the second-highest level recorded in the dataset’s five-year history. This was the 13th consecutive month the...
https://www.freightwaves.com/news/inventories-clog-supply-chain-again-in-february
A survey measuring supply chain activity, the Logistics Managers’ Index (LMI), logged a 12th straight month with a reading above 70, a level classified as “significant expansion.” An accumulation of inventory throughout the supply chain and not enough transportation capacity to turn it quickly drove the increase.
The LMI increased 1.8 percentage points in January to 71.9. A reading above 50% indicates expansion while a reading below 50% indicates contraction.
The subindex for inventory levels...
https://www.freightwaves.com/news/lack-of-transportation-capacity-swells-inventories-survey-finds
Stop us if you’ve heard this one before — a real estate investment firm is buying warehouses.
Elion Partners, a Miami-based vertically integrated private equity real estate firm and partner of industry leader Brookfield Asset Management, on Monday announced the expansion of its last-mile delivery portfolio, adding 10 facilities that total 1.2 million square feet of warehouse space.
The assets, which span several large U.S. markets including Los Angeles, Miami, Seattle, San Diego and New Jersey,...
Even as the historic growth rate of e-commerce sales has slowed in three of the past five quarters, the need for industrial warehouse space has not.
According to a new report from logistics real estate firm Commercial Edge, transactions closed in the first 11 months of 2021 totaled $61.6 billion across its markets, setting a new all-time high for sales volume. Sales prices averaged $111 per square foot in November, up 27.4% on a year-over-year basis.
“Despite being the 15th-largest market in the...
https://www.freightwaves.com/news/historic-year-continues-for-commercial-real-estate-sales
A key supply chain report published Tuesday showed further growth and tightening during November. The Logistics Managers’ Index (LMI), a survey measuring activity throughout the transportation, logistics and warehousing sectors, expanded 80 basis points from October to 73.4%.
The LMI is a diffusion index, wherein a reading above 50% indicates expansion and a reading below 50% indicates contraction.
“Overall growth has now been over 70.0 — a level we would classify as significant expansion — 10...
https://www.freightwaves.com/news/transportation-warehouse-capacity-lacking-costs-soar-in-november
Much has been written about the backlog of container ships off the U.S. West Coast, but even when that situation eases, the supply chain bottleneck that it created will still be felt well into next year.
It is the price a global economy pays for building ultra-efficient networks in which just-in-time inventory practices dominate the manufacturing and retail worlds. When it works correctly, just-in-time allows manufacturers and retailers to reduce inventory costs and still operate at optimum...
https://www.freightwaves.com/news/just-in-case-port-crisis-could-alter-logistics-landscape-forever