Pival Opens Two New Warehouses in Canada
Pival International Inc. announced on Aug. 21 the opening of two distribution centers, which the company said was part of a plan to become the largest warehousing and logistics company in Canada.
August 26, 2019Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal
The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon and other retailers to fulfill orders from online shoppers.
June 3, 2019Robots Taking on More Georgia Warehouse Jobs as Industry Grows
E-commerce, growing at 15% a year, is driving a second boom in Georgia’s robust warehousing and logistics industry, which employs about 118,000 packers and material handlers across the state.
Nestle US Unit to Cut 4,000 Jobs by Stopping Direct-to-Store Delivery
Nestle SA’s U.S. unit will lay off about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and instead transitions to a warehouse model that’s becoming an industry standard for major food companies looking to trim costs.
Investors Pour More Money Into Warehouse Tech Startups
Flowspace, a technology firm that helps businesses manage warehousing and fulfillment services, received $12 million in funding from an investment group led by Canvas Ventures.
Warehouse Tech Startup Stord Receives $12.4 Million Investment
Stord Inc., an Atlanta-based startup that offers a technology platform for warehouse operators to market unused space, has received $12.4 million in funding from a group of investors that includes Tom Noonan and Chris Klaus, Dynamo, Rise of the Rest Fund and Engage Ventures.
April 11, 2019Symbia Logistics Acquires iD Commerce + Logistics
Symbia Logistics, a Colorado-based warehousing and logistics company, has acquired third-party logistics firm iD Commerce + Logistics to expand its e-commerce fulfillment footprint, according to a Symbia statement.
March 25, 2019Kane Is Able Receives Equity Investment From Harkness Capital Partners
Kane Is Able Inc., a warehousing and distribution business in operation since 1930, announced that Harkness Capital Partners agreed to make an unspecified equity investment in the firm as part of a strategy to expand the company’s services and national presence.
Smart Warehousing Expands to North Texas Site
A Kansas City, Mo.-based logistics firm with operations across the United States has leased its first North Texas location.
Newest Startup in On-Demand Warehousing Is a Trucking Company
The newest entrant in the nascent market for on-demand warehousing is the owner of a Chicago-based trucking company who said he wants to use technology to help reduce the time that drivers spend waiting for freight to be loaded and unloaded. Vlad Gasnikov, CEO of Business Lines of America Corp., is currently beta testing an online platform called OLIMP.