warehouse
Ryder Steps in as Amazon Restricts Third-Party Sellers
A Ryder worker inspects inventory at its e-commerce fulfillment facility near Los Angeles. (Business Wire)
Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers.
July 30, 2020Odyssey Logistics & Technology Acquires RPM Consolidated Services
Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.
January 31, 2020Blackstone Nears Deal to Invest in Warehousing in India
Victor J. Blue/Bloomberg News
Blackstone Group Inc. has agreed to buy a stake in the warehousing unit of India’s Allcargo Logistics Ltd. for $54 million (3.8 billion rupees) as the U.S. firm seeks to capture the demand in the world’s fastest growing e-commerce market.
January 13, 2020Perspective: New Year, New Logistics Efficiencies
As the year comes to a close, it’s a natural time for companies to look at what worked in 2019 and what didn’t, and make plans for the year ahead. For some companies, taking a hard look at their order fulfillment workflow — and ways it might be streamlined in 2020 — is a New Year’s resolution to consider.
December 10, 2019Prologis to Buy Liberty Property in $9.7 Billion Stock Deal
Prologis opened this multistory warehouse near Seattle in September, with Amazon and The Home Depot as customers. (Woody Welch)
Prologis Inc., one of the world’s largest warehouse owners, has agreed to buy Liberty Property Trust in an all-stock transaction valued at $9.7 billion, extending its reach in markets such as Chicago, Houston and Southern California.
October 28, 2019Retailers, Logistics Firms Establish Warehouses Closer to Cities
Prologis opened this multistory warehouse near Seattle in September, with Amazon and The Home Depot as customers. (Woody Welch)
Retailers and logistics firms are establishing warehouses closer to large urban centers to keep up with rising consumer demand for faster delivery of products ordered online, industry experts said.
October 15, 2019Blackstone Extending Warehouse Bet in $5.9 Billion Deal
Getty Images
Blackstone Group Inc. has acquired more than 1 billion square feet of logistics space since 2010 as part of the firm’s global bet that the rise of e-commerce is driving demand for final-mile real estate.
September 30, 2019Amazon Opens Oklahoma Fulfillment Center
Krisztian Bocsi/Bloomberg News
Amazon’s newest facility, in Oklahoma City, received its first package Aug. 25. The Amazon fulfillment center is the first of its kind in Oklahoma. It functions as a hub for storage and delivery of products shipped through Amazon and works in conjunction with existing Amazon delivery and sortation centers in the metro area.
August 27, 2019Pival 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
An Amazon warehouse (Simon Dawson/Bloomberg News)
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, 2019