West Coast Dockworkers Decline Contract Extension, Seek Talks
The union representing about 15,000 dockworkers at the largest U.S. ports declined an offer by employers to extend existing labor contracts for a year, setting the stage for heated negotiations.
Snarled Supply Chain Makes Warehouse Shortage Worse
Record numbers of cargo ships bob in the waters off Southern California, unable to unload. A late shipment of patio furniture gets moved — three times — before finding a home for the winter. With no warehouse space, a crew assembles holiday displays in a parking lot in an effort to get them to clients on time.
C&S Wholesale Services to lay off 175 in Connecticut
C&S Wholesale Services Inc. plans to permanently lay off 175 employees at its warehouse facility here, according to a notice filed with the state.
New Arcapita Venture to Invest $2 Billion in US Warehouses
A new joint venture between alternative investment firm Arcapita Group Holdings and Arden Group plans to acquire $2 billion worth of industrial property assets in the U.S. as capital pours into niche real estate sectors amid the global pandemic.
Pandemic, Amazon Driving Growth of Minnesota Mega-Business Centers
An enormous new kind of trucking center is rolling into the Twin Cities — thanks in part to the pandemic and the home-delivery giant Amazon.com Inc.
New California Law Protects Warehouse Workers’ Breaks
California on Sept. 23 became the first state to bar mega-retailers from firing warehouse workers for missing quotas that interfere with bathroom and rest breaks under a new law signed by Gov. Gavin Newsom.
Prologis Buys Lot Near Philadelphia Airport for $45 Million
PHILADELPHIA — A popular parking lot near Philadelphia International Airport has been snapped up for $45 million by Prologis, a real estate giant that specializes in leasing space to retail, e-commerce and logistics businesses, according to the firm that brokered the deal.
Robotics Firm AutoStore Plans IPO at $10 Billion Value
AutoStore is weighing an initial public offering that could value the Norwegian warehouse robotics company at more than $10 billion, according to people familiar with the matter.
June 29, 2021Forklift Driving Becomes Desk Job in Phantom-Mitsubishi Deal
Phantom Auto, a California-based startup focusing on remote vehicle operation, has struck a deal to provide logistics equipment heavyweight Mitsubishi Logisnext Co. with software that enables forklifts to be operated remotely from thousands of miles away.
Americold Reports Q1 Loss, Citing Costs Related to Acquisitions
Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.