Warehouses

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

Supply chain shifts from China boost US Southeast, Gulf ports — CBRE

U.S. Southeast and Gulf Coast seaports and industrial distribution hubs will be the prime beneficiaries of U.S. firms shifting supply chains from China due to disruptions from the coronavirus pandemic and higher tariffs from the U.S-China trade war, according to a report published Thursday by real estate and logistics services giant CBRE Inc. (NYSE:CBRE)

Markets from Virginia to Texas and ringing much of the Southeast will gain as U.S. supply sources increasingly shift to European origination...

https://s29755.pcdn.co/news/supply-chain-shifts-from-china-boost-us-southeast-gulf-ports-cbre

Prologis confirms it’s selling UK’s ‘largest’ warehouse portfolio ever

Prologis facility

Prologis Inc. (NYSE: PLD), the world’s leading logistics real estate investment trust (REIT) is reported to be selling 22 warehouses in the U.K. with initial guide prices totaling 435 million pounds (U.S. $536 million).

The Times report said the properties being sold were acquired as part of the company’s $13 billion acquisition of Liberty Property Trust and do not fit Prologis’ investment strategy.

In a statement to FreightWaves, Prologis’ Director of Corporate Communications Paul​ Frankle said,...

https://s29755.pcdn.co/news/prologis-confirms-its-selling-uks-largest-warehouse-portfolio-ever

Amazon’s real estate arm reportedly involved in several deals this week

Amazon fulfillment

Amazon (NASDAQ: AMZN) appears to have had a busy week on the real estate front as it has been tied to several large transactions.

Amazon spending spree?

On June 23, Business Insider reported that the company had signed a deal in New York City to lease its biggest facility ever. The one million square foot, multi-story facility will replace a currently vacant paper factory in Queens. The report also said Amazon was negotiating a lease on a 620,000-square foot facility that is under construction in...

https://s29755.pcdn.co/news/amazons-real-estate-arm-reportedly-involved-in-several-deals-this-week

Americold moving forward with New Zealand expansion

Americold facility

Cold storage facility owner and operator Americold Realty Trust (NYSE: COLD) announced it has resumed construction on its New Zealand expansion project.

The company plans to spend approximately 65 million New Zealand dollars (U.S. $41.9 million) on the Auckland infrastructure project, which will add 4.6 million cubic feet and 27,000 pallet positions to the facility.

“We are excited to move forward on this opportunity to grow with our customers in this dynamic market. With this expansion,...

https://www.freightwaves.com/news/americold-moving-forward-with-new-zealand-expansion

Largest East Coast retail grocery group taps Americold for new frozen facilities

Temperature-controlled warehouse owner and operator Americold Realty Trust (NYSE: COLD) has been chosen to build two new facilities.

The largest retail grocery group on the East Coast with brands like Food Lion, Giant Food and Hannaford, Ahold Delhaize USA (Koninklijke Ahold Delhaize OTCUS: ADRNY), will partner with Americold to build two new fully automated frozen warehouses in Plainville, Connecticut and Lancaster, Pennsylvania. The two facilities will expand Ahold Delhaize USA’s cold-storage...

https://www.freightwaves.com/news/largest-east-coast-retail-grocery-group-taps-americold-for-new-frozen-facilities

COVID-19 expected to accelerate warehouse automation

COVID-19 expected to accelerate warehouse automation (Photo: Shutterstock)

Of the many structural changes that have happened within the logistics industry during the COVID-19 pandemic, strict adherence to social distancing has become one of crucial significance. Social distancing is easier said than done within supply chains, however, as logistics workers tend to work in crowded spaces. But with isolated working conditions becoming necessary, businesses are looking to introduce a variety of measures, including staggered work schedules and greater automation.

Over the...

https://s29755.pcdn.co/news/covid-19-expected-to-accelerate-warehouse-automation

Flexport opens container freight station in Vietnam as supply chains shift

Flexport has partnered with Vietnam’s Indo Trans Logistics (ITL) to open a new container freight station (CFS) outside Ho Chi Minh City.
Located in Thu Dau Mot City, around 30km from the southern commercial capital, the cross-dock facility will serve as a vital hub for Flexport’s South-east Asia operations, the company said.
“As more businesses move to diversify supply chains, they are seeking strategic locations to better serve them,” Flexport noted.
“One ripple …

The post Flexport opens...

https://theloadstar.com/flexport-opens-container-freight-station-in-vietnam-as-supply-chains-shift/

Midland Pallet Trucks urges retailers to prep their warehouses for online sales boom

Midland Pallet Trucks urges retailers to prep their warehouses for online sales boom

Pallet truck specialists, Midland Pallet Trucks are urging the UK’s retailers to adapt their warehouses in accordance with changing demand as shopping moves away from traditional bricks and mortar locations.

Online sales have been transforming the landscape for retailers this summer, with a major boost taking place throughout July 2019 – contradicting earlier predictions from economists. While a decline was...

http://www.allaboutshipping.co.uk/2019/08/19/midland-pallet-trucks-urges-retailers-to-prep-their-warehouses-for-online-sales-boom/

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