Real Estate Prices Soaring for Warehouses Near Ports, Intermodal Ramps
Real estate prices to build distribution centers near major marine ports and intermodal ramps jumped double-digits in 2017, according to commercial real estate firm CBRE, as demand outstrips supply due to a retail supply chain increasingly tied to e-commerce and speed.
St. George Logistics Acquires Channel Distribution
St. George Logistics has acquired Channel Distribution Corp., a warehousing and final-mile company based in Bensenville, Ill.
December 28, 2017Fetch Robotics Garners $25 Million in Funding
Fetch Robotics has raised $25 million in Series B funding, led by Sway Ventures. In total, the San Jose, Calif., firm has raised $48 million.
December 11, 2017Pac-Van Purchases Expand Storage, Warehousing Capabilities
Pac-Van has expanded its storage and warehousing operations with two recent acquisitions in the South and Southwest.
December 11, 2017Warehouses Are Getting Bigger, Taller, Faster
Those boxes piling up on your doorstep over the holidays don’t ship from Santa’s workshop. As Americans spend more money shopping online, real estate developers are sinking record amounts of money into new warehouse space, building bigger, taller structures to meet the needs of e-commerce — and the robots that help it along.
Blackstone Acquires Stake in Cloverleaf
Warehousing and distribution firms are beginning to attract more interest from investors as demand for storage space nationwide heats up and competition intensifies among smaller players.
November 28, 2017Warehouse Operators Look to Automation to Boost Capabilities, Ease Shortage of Labor
Warehouse operators are looking for ways to automate their operations to meet increasing demands for e-commerce fulfillment services and to compensate for what appears to be a growing shortage of workers.
November 13, 2017How Many Warehouse Robots Does It Take to Fill a Grocery Order?
The U.K.’s biggest online grocer hit a milestone this year: Ocado Group put together an order of 50 items, including produce, meat and dairy, in five minutes.
CenterPoint Properties Purchases 14-Acre Distribution Center in New Jersey
CenterPoint Properties announced it purchased a 14-acre distribution center in northern New Jersey that is fully leased to a large delivery company serving North America.
October 20, 2017Amazon Is Testing Its Own Delivery Service to Rival FedEx and UPS
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan, which will push the online retailer deeper into functions handled by longtime partners UPS Inc. and FedEx Corp