warehouse News Updates

Business, Logistics

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.

November 1, 2021
Government, Business, Logistics, TCA

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.

September 27, 2021
Government, Business, Logistics

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.

September 23, 2021
Business, Logistics, TCA

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.

August 6, 2021
Business, Technology, Logistics, Autonomous

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, 2021
Business, Technology, Equipment, Logistics, Autonomous

Forklift 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.

May 13, 2021
Business, Logistics

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.

May 7, 2021
Business, Logistics

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.

May 5, 2021
Government, Business, Logistics

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.

April 14, 2021
Business, Equipment, Logistics

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.

April 9, 2021