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https://s29755.pcdn.co/news/daily-infographic-warehouse-management-software
The research arm of San Francisco-based real estate investment trust Prologis Inc. (NYSE: PLD) said in a report issued Wednesday the pandemic has “forever altered” the landscape for logistics real estate.
“The long-term structural growth rate of logistics real estate has risen” as “economic growth now requires more logistics real estate than in the past,” Prologis Research asserts. Not surprisingly, the surge in e-commerce fulfillment is driving the change.
E-commerce fulfillment requires more...https://s29755.pcdn.co/news/pandemic-has-forever-altered-need-for-logistics-space-—-prologis
On its fourth-quarter earnings call Tuesday, management from logistics real estate giant Prologis Inc. (NYSE: PLD) said strong demand from the second half of 2020 has continued into the new year. “We entered 2021 with optimism and confidence,” commented CFO Tom Olinger.
The positivity stems from broad demand from the bulk of its customer base, with only hospitality suppliers struggling. Verticals touching consumer products, food and beverage, electronics, and health care are thriving. Management...
https://www.freightwaves.com/news/need-for-logistics-space-remains-high-says-prologis
Logistics activity continues to dominate the industrial real estate markets, according to global commercial real estate services firm Cushman & Wakefield (NYSE: CWK). The firm’s fourth-quarter outlook report highlighted the impact e-commerce is having on demand for logistics space.
Warehousing, distribution space in high demandThe report said the fourth quarter was the strongest on record for positive net absorption, the amount of space leased over that vacated, at 90 million square feet. The...
https://www.freightwaves.com/news/logistics-real-estate-activity-breaks-records-in-q4
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
Cold chain provider RLS Logistics announced Wednesday plans to build an 83,000-square-foot temperature-controlled facility in central Massachusetts.
The Mount Laurel, New Jersey-based company plans to build the facility through its affiliate RLS Partners. The announcement is the latest in the company’s efforts to build out a national network of family-operated cold storage facilities, or its Partnering Regional Operator (PRO) network. RLS is working with real estate funds and banks to acquire...
https://s29755.pcdn.co/news/rls-logistics-expands-into-new-england
Warehouse and logistics companies are trying to shore up their sustainability efforts as they struggle to change their inventory strategies from just in time to just in case during the COVID-19 pandemic. Here are five trends in sustainable warehousing to look for when the dust settles.
Automation
As warehouse labor gets progressively tougher to find and the pandemic continues, warehouses are shifting to technology and automation to do some of the work. Wearable devices, such as those provided by...
https://s29755.pcdn.co/news/5-warehousing-sustainability-trends-for-2021
A tightening logistics warehouse market could lead to a shortage of space as soon as early 2021, according to a new logistics real estate report from Prologis Inc. (NYSE: PLD)
The San Francisco-based real estate investment trust’s research team concluded the uptick in demand for logistics space was centered on three primary catalysts: Increased confidence has boosted demand for leasing; the macro data suggests consumer consumption and COVID-19 can coexist; and there is improved visibility on the...
https://s29755.pcdn.co/news/prologis-sees-logistics-space-in-short-supply-by-early-2021
The world’s leading logistics real estate investment trust (REIT) Prologis Inc. (NYSE: PLD) noted in its third-quarter earnings report that demand is improving across several sectors of the economy. On Tuesday, the San Francisco-based company posted core funds from operations (FFO) of 90 cents per share, 2 cents ahead of the consensus estimate.
“Activity in our portfolio is robust and broadening — a reflection of increased demand in the quarter across multiple sectors, the adoption of e-commerce...
https://www.freightwaves.com/news/logistics-reit-prologis-sees-modest-beat-and-raise-in-q3
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a pair of emails sent to Prime Inc. drivers last week created some confusion about their involvement in a class-action lawsuit settlement. Plus, a Texas trucking company has become the latest to shut down, and Workhorse has received another $200 million to build electric trucks.
Should I click that link?Prime Inc. drivers potentially eligible for a settlement from a class-action lawsuit received...