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.
Amazon Fuels Canada’s Severe Warehouse Shortage
With the pandemic driving a belated embrace of online shopping in Canada, Amazon .com Inc. has been gobbling up warehouses. That has pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.
Historic Golf Course Closer to Becoming Trucking and Warehouse Facility
A historic golf course in the Chicago suburbs is one step closer to becoming a trucking and logistics and warenhouse complex.
Shipping Pallets Stage Pandemic-Era Rally
After carrying the weight of the global economy since World War II with little fanfare, the lowly shipping pallet is finally commanding some respect.
Canada May Run Out of Warehouse Space This Year
Canada is in danger of running out of warehouse space by the end of the year, thanks to the boom in e-commerce sparked by the pandemic.
Fight Over Chicago Golf Course Slated to Become Logistics Center Heating Up
A once-thriving country club near major interstate highways in Chicago was set to be the new home of an 800,000-square-foot distribution and warehouse facility, Now it is at the center of a legal battle involving a part of the city critical to trucking.
East Coast Warehouse Acquires Temp-Distribution of Maryland
Temperature-controlled logistics provider East Coast Warehouse & Distribution has acquired Temp-Distribution of Maryland Inc.
January 14, 2021