Cold chain 3PL RLS Logistics sees big expansion in 2022

Cold storage M&A to remain hot in 2022

One of the most active consolidators of cold chain facilities is a relatively new venture with old roots.

Founded in 1968, RLS Logistics started as a family-owned mushroom farm. It added a cold storage facility and then grew to include multiple facilities over time. Through a joint venture RLS Partners was formed with outside industry veterans a year and a half ago. The group has been actively rolling up family-owned cold chain warehouse and logistics providers since.

The need for...

https://www.freightwaves.com/news/cold-chain-3pl-rls-logistics-sees-big-expansion-in-2022

Avatour puts logistics pros in the room during virtual meetings

Technology is slowly emerging to take the COVID-19 business meeting to new heights. The introduction of 360-degree cameras allows remote participants to fully engage with the meeting, whether it takes place in an office setting, warehouse or some other remote location.

Avatour is at the forefront of this change, having brought to market the Avatour Real-Time 360-degree camera and meeting technology. Global logistics operator DB Schenker is one of the early adopters of the technology.

“The...

https://www.freightwaves.com/news/avatour-puts-logistics-pros-in-the-room-during-virtual-meetings

FreightWaves Classics: A. Duie Pyle has been delivering service for nearly 100 years

An A. Duie Pyle moving truck from early in the company's history. (Photo: aduiepyle.com)
Alexander Duie Pyle and his wife Mary Ellen. (Photo: aduiepyle.com)Alexander Duie Pyle and his wife Mary Ellen. (Photo: aduiepyle.com)

In 1924, Alexander Duie Pyle worked for Lukens Steel in Coatesville, Pennsylvania. But he wanted to own his own business, so he purchased two trucks and began A. Duie Pyle, a trucking company. Lukens Steel (now part of ArcelorMittal), his former employer, became Pyle’s first customer (a relationship that lasted more than 90 years). 

Nearly 100 years later, A. Duie Pyle, Inc. is one of the largest trucking companies in the...

https://www.freightwaves.com/news/freightwaves-classics-a-duie-pyle-has-been-delivering-service-for-nearly-100-years

Transportation, warehouse capacity lacking, costs soar in November

Lack of space, capacity sends supply chain costs higher in November

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

Rents on warehouse lease renewals at nosebleed levels, CBRE says

It’s been dubbed “sticker shock” for logistics warehousing lessees, but given the extreme tightness of industrial real estate and the bullish demand trends seen for the rest of the decade, the prospect of soaring renewal rates on multiyear warehouse leases shouldn’t come as a surprise.

That said, the magnitude of the projected increases, at least those published on Monday by CBRE Services (NYSE:CBRE), is eye-popping. For example, the average five-year rent on renewals in the Philadelphia market...

https://www.freightwaves.com/news/rents-on-warehouse-lease-renewals-at-nosebleed-levels-cbre-says

Truck jobs rose in November seasonally but fell without adjustment

Truck transportation jobs went up in November on a seasonally adjusted basis but declined on the less-watched not seasonally adjusted totals.

With the overall economy adding just 210,000 jobs, significantly below forecasts, truck transportation jobs performed relatively well in adding 5,100 jobs on a seasonally adjusted basis. Combined with revisions for October and September, it means that truck transportation jobs on a seasonally adjusted basis are now up almost 14,000 jobs in two months,...

https://www.freightwaves.com/news/truck-jobs-rose-in-november-seasonally-but-fell-without-adjustment

GXO expands relationship with MYXfitness, opening Atlanta DC

Continuing a string of wins for GXO Logistics, the company on Thursday announced it would open an e-commerce distribution center for MYXfitness, the at-home connected fitness brand under parent company The Beachbody Company, in Atlanta.

The facility is an expansion of an existing agreement between the companies and brings the total warehouse space GXO will manage for the fitness brand to a little more than 86,000 square feet.

“MYXfitness is a leader in home exercise equipment, and we’re proud to...

https://www.freightwaves.com/news/gxo-expands-relationship-with-myxfitness-opening-atlanta-dc

In logistics real estate, smaller is getting bigger

Ecommerce causes last-mile networks to creep closer to consumers (Photo: Shutterstock)

In the white-hot world of logistics real estate, small is the current big thing.

Facilities with less than 100,000 square feet accounted for more than half of logistics real estate leasing activity in the third quarter, according to data published Tuesday by real estate services giant JLL Inc. (NYSE:JLL). Demand was even more pronounced for facilities of between 10,000 and 50,000 square feet, according to the company. During the first nine months, about 2,400 leases were signed for the smaller...

https://www.freightwaves.com/news/in-logistics-real-estate-smaller-is-getting-bigger

NLRB orders new representation vote at Amazon warehouse, union says

A brown Amazon warehouse with sign on front.

The National Labor Relations Board (NLRB) has ordered that workers at Amazon.com Inc.’s warehouse in Bessemer, Alabama be granted a second vote at union representation, according to the union that tried unsuccessfully to organize the workers in April.

In a statement on Monday, the Retail, Wholesale and Department Store Union (RWDSU) disclosed that an NLRB regional director formally directed a new election at Amazon’s Bessemer facility. The union, which is a party to the case, did not share a...

https://www.freightwaves.com/news/nlrb-orders-new-representation-vote-at-amazon-warehouse-union-says

Link Logistics hits quarterly record with Q3 activity

Link Logistics Real Estate, formed less than three years ago by financial titan Blackstone Inc. (NYSE:BX) to focus on last-mile logistics real estate, reported on Tuesday its best quarter ever, signing more than 550 new and renewal leases for a record 23 million square feet and boosting its development pipeline by $1.6 billion over second-quarter totals.

In a third-quarter update, New York-based Link said it invested $5.6 billion during the period to support a pipeline of 30 million square feet....

https://www.freightwaves.com/news/link-logistics-hits-quarterly-record-with-q3-activity

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