Business

Prologis to Buy Liberty Property in $9.7 Billion Stock Deal

Prologis warehouse near Seattle 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.

Meghan Genovese | Bloomberg News
October 28, 2019
Business, Logistics, Top 100

Retailers, Logistics Firms Establish Warehouses Closer to Cities

Prologis warehouse near Seattle 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.

B. Cameron Gain | Special to Transport Topics
October 15, 2019
Business, Logistics

Blackstone Extending Warehouse Bet in $5.9 Billion Deal

Warehouse 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.

Patrick Clark | Bloomberg News
September 30, 2019
Business, Logistics

Amazon Opens Oklahoma Fulfillment Center

Amazon Warehouse 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.

David Dishman | The Oklahoman (Oklahoma City, Okla.)
August 27, 2019
Business, Logistics

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, 2019
Business, Technology, Logistics

Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal

Amazon 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
Business, Technology, Equipment, Autonomous, TCA

Robots Taking on More Georgia Warehouse Jobs as Industry Grows

Robot An Amazon warehouse robot. (Bess Adler/Bloomberg News)

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.

Christopher Quinn | The Atlanta Journal Constitution
May 29, 2019
Business, Logistics

Nestle US Unit to Cut 4,000 Jobs by Stopping Direct-to-Store Delivery

Nestle Adrian Moser/Associated Press

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.

Deena Shanker | Bloomberg News
May 7, 2019
Business, Technology, Logistics

Investors Pour More Money Into Warehouse Tech Startups

warehouse Flowspace X ShipHawk Testimonial via YouTube

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.

Daniel P. Bearth | Staff Writer
April 18, 2019
Business, Technology

Warehouse Tech Startup Stord Receives $12.4 Million Investment

Stord Stord CEO Sean Henry (left) and CTO Jacob Boudreau founded the company in 2015. (Stord Inc.)

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, 2019

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