warehouse logistics

Cold chain provider FreezPak Logistics announces Port Elizabeth site

New FreezPak Logistics facility near Port Elizabeth

Third-party food logistics company FreezPak Logistics has announced plans to build a 140,000-square-foot facility near Port Elizabeth in New Jersey.

The Carteret, New Jersey-based company said its fifth location, located approximately five miles from the Port Newark–Elizabeth Marine Terminal, will be its first with an automated storage and retrieval system. The plans announced in a press release Monday call for the location to be outfitted with 12 robots, which can automatically store and...

https://s29755.pcdn.co/news/cold-chain-provider-freezpak-logistics-announces-port-elizabeth-site

Augmented reality could solve unskilled labor problem in warehouses

Augmented reality could solve unskilled labor problem in warehouses (Photo: Kinemagic)

Over the last decade, technology disruption within the warehousing industry has been telling. The need for expediting supply chains, compounded by the rise of e-commerce, has led warehouses to embrace workflow digitalization and process automation to a significant extent. That aside, there have been technologies that have not yet gained mainstream adoption but have great potential — like virtual reality (VR) and augmented reality (AR). 

Though AR and VR are technologies that have been around for...

https://s29755.pcdn.co/news/augmented-reality-could-solve-unskilled-labor-problem-in-warehouses

COVID-19’s opportunity for global supply chains (with video)

Roughly a decade ago, in anticipation of changes in the supply chain and logistics sector, investment firm Saybrook Management started buying companies in that space – not so much because they were great opportunities, which they were, but because the firm wanted to understand how the various pieces of the supply chain worked.

Then came COVID-19.

“There’s nothing that compares to this from a logistics perspective,” Saybrook CEO Jonathan Rosenthal told FreightWaves technology reporter Vishnu...

https://www.freightwaves.com/news/covid-19s-opportunity-for-global-supply-chains-with-video

Cold storage gets $1.6 billion richer

Lineage's Sunnyvale facility in Dallas, Texas

The world’s largest temperature-controlled logistics provider, Lineage Logistics, announced it has raised $1.6 billion in fresh equity from several different investors. The Wednesday press release said the company plans to use the funds for further acquisitions as well as investments in tech and automation.

“This significant investment — from both new and existing investors — is validation of our business model, our innovative strategy and our plans to continue expanding our footprint as the...

https://s29755.pcdn.co/news/cold-storage-gets-16-billion-richer

E-commerce logistics, airfreight fuel Kerry Logistics’ 1H profit

Kerry Logistics

Kerry Logistics (HKSE: 0636.HK) scored a first-half-year net profit of HK$845 million (US$109 million), up 26% over the same period last year, despite a significant downturn in warehouse business caused by the coronavirus pandemic.

A decline in logistics revenue from operating fewer warehouses in Hong Kong was offset by strong growth in last-mile fulfillment and e-commerce logistics.

Demand for general warehousing and regional distribution centers plummeted this year across Asia with the...

https://s29755.pcdn.co/news/e-commerce-logistics-airfreight-fuel-kerry-logistics-1h-profit

Warehouse picking robot startup XYZ raises $17 million

Warehouse picking robot startup raises $17 million (Photo: XYZ Robotics)

Massachusetts-based logistics robot startup XYZ Robotics has raised a Series A+ round of $17 million, led by Source Code Capital, Gaorong Capital and Morningside Capital. XYZ, which develops picking robots for warehouses, said the financing would help scale up research and development and bolster its operational capabilities. This funding round brings the company’s total investment to $27 million.

E-commerce has steadily risen in prominence within the retail market, eating into the market share...

https://s29755.pcdn.co/news/warehouse-picking-robot-startup-xyz-raises-17-million

Prologis to train 25,000 workers to bridge logistics ‘hiring gap’

Ambassador Row facility in Dallas

San Francisco-based real estate investment trust Prologis Inc. (NYSE: PLD) announced plans to prepare 25,000 people for a career in transportation, distribution and logistics through its Prologis Community Workforce Initiative (CWI), which was launched in 2018.

The plan seeks to improve career pathways and create economic opportunity throughout the communities where it operates, according to the Wednesday press release. Prologis CWI has teamed up with national workforce nonprofit JFF to build a...

https://www.freightwaves.com/news/prologis-to-train-25000-workers-to-bridge-logistics-hiring-gap

Equivalent of 2.5% of world GDP moves through Prologis facilities — report

Truck at Prologis facility

The total value of goods passing through a Prologis Inc. (NYSE: PLD) facility is estimated at $2.2 trillion annually, up 69% from the company’s 2017 throughput. That equates to 2.5% of world GDP and 4.4% of global household consumption.

In the U.S., $1.4 trillion of throughput, or 6.3% of GDP, resides in a Prologis warehouse at some point during the year.

These were a couple of highlights in a report performed by advisory firm Oxford Economics on the economic impact of the world’s leading...

https://s29755.pcdn.co/news/equivalent-of-25-of-world-gdp-moves-through-prologis-facilities-report

DHL injects $1.6M into new Indianapolis life sciences facility

DHL Global Forwarding

DHL Global Forwarding (OTCMKTS: DPSGY) has opened a 20,000-square-foot, temperature-controlled facility in Indianapolis that will cater to pharmaceutical and medical product shippers.

The $1.6 million facility has variable temperature capabilities to process all types of pharmaceutical, biotech or medical products that require strict temperature control, the company said.

The Indianapolis facility is one of eight “Certified Life Sciences Stations” that support DHL’s Thermonet service for...

https://www.freightwaves.com/news/dhl-injects-16m-into-new-indianapolis-life-sciences-facility

Prologis sees market for logistics space turn corner from pandemic

Prologis facility

The world’s leading logistics real estate investment trust (REIT), Prologis Inc. (NYSE: PLD), said demand for logistics real estate has held up well through COVID-19, accelerating further during June. Lease proposals are up 21% over the recent 30-day period given the scarcity of logistics space.

The San Francisco-based company reported better-than-expected second-quarter 2020 financial results Tuesday, with core funds from operations (FFO) coming in at $1.11 per share, 12 cents better than the...

https://www.freightwaves.com/news/prologis-sees-market-for-logistics-space-turn-corner-from-pandemic

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