Warehousing

Lineage to share $100M from IPO proceeds with employees

Cold storage warehouse operator Lineage Inc. said it plans to share $100 million from the proceeds of its successful initial public offering with employees.

The Novi, Michigan-based real estate investment trust said Thursday that many of its 16,000 U.S. workers will receive one-time stock awards or restricted stock units (RSUs) following its July 25 debut on Nasdaq.

Shares of Lineage (NASDAQ: LINE) opened last week at $82 per share, the top end of the initial price range ($70 to $82) after...

https://www.freightwaves.com/news/lineage-to-share-100m-from-ipo-proceeds-with-employees

Cold storage REIT Lineage IPO hauls in $4.4B

This story has been updated.

Temperature-controlled logistics real estate investment trust Lineage Inc. said nearly 57 million shares of its common stock were priced at $78 per share ahead of its initial public offering on Thursday. The deal will haul in roughly $4.4 billion in proceeds, better than the $3.4 billion to $3.9 billion range previously expected.

A 30-day option for a 15% allotment (a little more than 8.5 million shares) has been granted to underwriters. The company said it will use...

https://www.freightwaves.com/news/cold-storage-reit-lineage-ipo-hauls-in-4-4b

Have inventories found their sweet spot?

Chart of the Week: Logitics Mangers’ Index – Inventory Levels, Total Business Invetory to Sales Ratio – USA  SONAR: LMI.INVL, TBIS.USA

Inventories appear to have stabilized after years of volatility. The Logistics Managers’ Index (LMI) Inventory Levels component hovered in slight contraction territory last year while the Census Bureau’s Business Inventory to Sales (TBIS) fell into a more stable pattern.

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https://www.freightwaves.com/news/have-inventories-found-their-sweet-spot

People remain key to success of logistics

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

In today’s dynamic business landscape, talent is scarce and the competition is fierce. We are faced with an aging work population, so organizations are prioritizing human capital like never before.

It’s no longer enough to simply hire bodies, whether that means a driver, a warehouse worker or an office worker. Hiring workers for warehouse...

https://www.freightwaves.com/news/people-remain-key-to-success-of-logistics

AI will level the playing field for SMB warehouses

This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.

FIRESIDE CHAT TOPIC: The future of warehousing.

DETAILS: FreightWaves’Anthony Smith and  Henrik Bergsager, Powerhouse AI’s director of strategic partnerships, operations and revenue growth, dive into the future of warehousing and how AI will level the playing field for small and midsize players.

KEY QUOTES FROM BERGSAGER:

“Where we see a main change [in warehousing automation] happening next year and the next...

https://www.freightwaves.com/news/ai-will-level-the-playing-field-for-smb-warehouses

The next frontier in supply chains: Yard vision and automation

Bart

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By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily...

https://www.freightwaves.com/news/the-next-frontier-in-supply-chains-yard-vision-and-automation

Scaling strategically with shared warehousing and fulfillment

Business growth can happen unexpectedly these days due to the rise of ecommerce, the sudden popularity of “viral” products and busier-than-usual peak seasons. To keep up with demand and build customer trust, a company needs to easily scale its warehousing, distribution and fulfillment capabilities. The right logistics partner can help businesses do just that.

While best-in-class third-party fulfillment services were previously only accessible to large enterprises, shared warehousing and...

https://www.freightwaves.com/news/scaling-strategically-with-shared-warehousing-and-fulfillment

Running on Ice: A new player enters the game

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Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on...

https://www.freightwaves.com/news/running-on-ice-a-new-player-enters-the-game

Running on Ice: Warehousing moves are the future

Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on warehouse news, tech developments and all things reefer madness-related. I’m your controller of the thermostat, Mary O’Connell. Thanks for having me!

All thawed out 

(Photo: Jim Allen/FreightWaves)

Lineage Logistics is making a play for e-commerce. Through the acquisition of eight cold storage facilities of Burris Logistics, Lineage has increased its cold chain e-commerce presence, as Burris is a...

https://www.freightwaves.com/news/running-on-ice-warehousing-moves-are-the-future

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