Prologis names Letter to new capital deployment role

Prologis facility in Coventry, United Kingdom

Logistics real estate titan Prologis Inc. (NYSE:PLD) said Thursday that it has named Dan Letter to the newly created post of global head of capital deployment, a move that reflects the growing complexity of the company’s business and its unconventional organizational reporting style.

Letter, who assumed the role on Jan. 1, takes on a large part of Prologis’ chief investment officer’s responsibilities. Letter will report to Eugene F. Reilly, the company’s current CIO. Reilly and Letter will...

Logistics real estate activity breaks records in Q4

Logistics real estate stays hot in Q4

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 demand

The 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...

Amware sees opportunity in Moulton Logistics acquisition

As Americans hunkered down at home and repeatedly hit the “buy” button on their computers and phones, the need for warehouse space heated up. Online buying has continued into 2021 and looks to no longer be a gradual upward trend that was altering retail but rather a rocket ship that has quickly and dramatically changed shopping forever.

You can thank COVID-19 for that.

“The difference between 2021 and 2020 is the surprise factor,” Harry Drajpuch, CEO of Amware Fulfillment, told FreightWaves. “On...

Lineage, Turvo collaborating to eliminate supply chain barriers

Lineage Logistics LLC, an industrial REIT and logistics solutions provider in the temperature-controlled segment, said Tuesday it has partnered with logistics software provider Turvo to launch Lineage Link, a platform that will connect the Lineage global network and all participants.

Novi, Michigan-based Lineage said it will deploy Turvo’s technology in more than 200 facilities during 2021. Eventually, it will connect most of Lineage’s global network of 330 facilities in 15 countries.


US Steel sells Pa. logistics complex to NorthPoint

United States Steel Corp. (NYSE:X) has sold its Keystone Industrial Port Complex near Philadelphia to industrial and multifamily housing developer NorthPoint Development, which eventually plans to build a 10 million-square-foot industrial site, it was announced Friday.

The sale, which fetched $160 million, according to people familiar with the matter, ends US Steel’s 67 years of ownership at the site, which is located in Fairless Hills, Pennsylvania, about 26 miles from Philadelphia and roughly...

PINC, Lazer Spot partner on digital yard management

A partnership between Lazer Spot, a provider of outsourced yard management services, and PINC, a digital yard management solutions company, spotlights the role of trailer yards in the booming e-commerce enterprise that is reshaping 21st century consumer and business purchasing.

Founded in 1996, Lazer Spot provides yard spotting, shuttling, trailer rentals and other services in more than 400 locations in North America. 

Spotters help transfer trailers from one truck to another and direct drivers...

Nucor deploys PowerFleet telematics for safer steel-manufacturing warehouses

Fork truck operator inside warehouse

Nucor Tubular Products and PowerFleet on Tuesday announced a partnership ⁠— one that will help Nucor achieve its goal of becoming the world’s safest steel company. 

A rigorous pilot program gave Nucor the confidence to fully deploy PowerFleet’s Enterprise telematics solutions in all its lift-trucks and instrument cranes during the first half of 2021. To improve visibility, safety and accuracy of records, Nucor Tubular Products will also deploy PowerFleet Forewarner MAXI Crane Safety lights and...

Americold closes on $1.74B bid for Agro

Agro deal adds 46 facilities to Americold network

Temperature-controlled warehouse owner Americold Realty Trust (NYSE: COLD) announced the closing of its acquisition of Agro Merchants Group, the world’s fourth-largest cold storage operator. The $1.74 billion transaction was previously announced in mid-October.

The deal adds 46 facilities and 236 million cubic feet of refrigerated space to Americold’s network, which now includes 239 facilities with 1.41 billion cubic feet of cold storage.

Founded in 2013, the Netherlands-based Agro built a...

Chuck helps 6 River Systems land in FreightTech 25

6 River Systems ranked No. 23 in the FreightTech 25 this year.

Warehouse automation provider 6 River Systems’ first product, Chuck, is a collaborative mobile robot built to improve picking speed and accuracy. That innovation helped 6 River Systems garner the No. 23 spot in FreightWaves’ FreightTech 25

6 River Systems has since expanded its range of products, now offering wall-to-wall fulfillment solutions for warehouses.

In the middle of the year, amid lockdowns due to the pandemic, 6 River Systems gained customers that needed its technology solutions in...

Warehouse automation: What’s in store for 2021

Among the select group of people who had a banner year in 2020 are founders of warehouse robotics startups, who saw venture capital investment in warehouse automation shoot up more than 50%. 

The money flow coincided with a massive surge in e-commerce orders and a shift toward smaller batch items (people ordering one pair of socks or a six-pack of baby formula).

These trends are sending manufacturers and brands on a frantic hunt for ways to bring down the costs associated with warehouse tasks —...

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.