warehouse logistics

Global logistics real estate specialist GLP eyes US IPO

Logistics real estate specialist GLP eyes US IPO

In a transformational move for the company, GLP Pte. Ltd., the global real estate logistics provider and investment manager, reportedly is on track to go public in the U.S. 

A source familiar with the matter told The Wall Street Journal that the company is planning an IPO for its investment business, which recently merged with U.S.-based GLP Capital Partners LP, or GCP, as part of a reorganization. According to the source, GLP has hired underwriters and could file confidentially for an IPO soon...

https://www.freightwaves.com/news/global-logistics-real-estate-specialist-glp-eyes-us-ipo

Just in case: Port crisis could alter logistics landscape forever

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

Blackstone group acquires 17.4 million square feet of warehouse space

Blackstone Group buys 124 logistics properties with 17.4 million square feet of space worth $2.8 billion

Blackstone Group, the New York City-based investment management company, is widening its logistics portfolio. The firm, which invests in everything from real estate to health care to IT, on Tuesday bought up a $2.8 billion portfolio of warehouse space from Cabot Properties in two separate transactions. The portfolio consists of 124 logistics properties in the United States and Europe.

The U.S. side of the Cabot portfolio was acquired by Blackstone Real Estate Income Trust, which owns properties...

https://www.freightwaves.com/news/blackstone-group-acquires-17-4-million-square-feet-of-warehouse-space

Warehousing, 3PL provider WSI acquires Total Logistics

Deal bolsters WSI's Midwest footprint

Warehousing and third-party logistics provider Warehouse Services Inc. (WSI) has acquired Total Logistics Inc. (TLI).

TLI provides final-mile logistics, brokerage and value-added warehousing throughout the Midwest and mid-Atlantic. The Oakdale, Minnesota-based company serves the automotive aftermarket, retail and construction industries, operating high-touch distribution and return networks.

The deal is expected to bring $150 million in revenue to the WSI network in 2022.

Financial terms of the...

https://www.freightwaves.com/news/warehousing-3pl-provider-wsi-acquires-total-logistics

ShipHero acquires Florida-based Cargo Cove Fulfillment

ShipHero acquires Florida fulfillment service Cargo Cove Fulfillment

In a bid to tap into Florida’s retail supply chain, e-commerce fulfillment platform ShipHero announced on Friday the acquisition of Jacksonville-based Cargo Cove Fulfillment, a full-service logistics company with over 50 partnering e-commerce brands. Those companies will now be integrated into ShipHero’s network of 5,000-plus partnering brands.

For ShipHero, the move is all about growth. The company now has a presence in the most populous city in one of the most populous states, bolstering the...

https://www.freightwaves.com/news/shiphero-acquires-florida-based-cargo-cove-fulfillment

Transportation capacity declines accelerate in September

Some LMI metrics hit new highs in September

The rate at which transportation capacity contracted increased in September, according to a supply chain survey released Tuesday.

For 16 consecutive months, capacity has been on the decline. The latest reading of the Logistics Managers’ Index (LMI) showed the capacity component of the dataset fell 330 basis points from August to 37.2% in the month.

“The Transportation Capacity Index remains historically low, indicating continued downward pressure,” the report read. “Further, our data indicates...

https://www.freightwaves.com/news/transportation-capacity-declines-accelerate-in-september

Honeywell launches robot to reduce warehouse injuries, boost efficiency

Honeywell launches a new robot to automate case pickind and reduce warehouse injuries while boosting efficiency

One of the unfortunate realities of the warehousing industry is that it isn’t particularly safe. Of the 2.8 million nonfatal workplace injuries and illnesses in 2019, approximately 8% came from the warehousing industry, with injuries occurring at a rate of 4.8 for every 100 full-time workers. According to a report from Liberty Mutual, nonfatal industries in warehousing and transportation cost companies more than $84 billion per week in 2018 – that’s around $240,000 per year for each of the...

https://www.freightwaves.com/news/honeywell-launches-robot-to-reduce-warehouse-injuries-boost-efficiency

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