The average age of warehouses in the United States is 34 years, making them ill-suited for the demands of e-commerce, according to an analysis by commercial real estate firm CBRE.
April 9, 2018BusinessEquipment
First-Ever Forklift Summit Planned for October
The forklift industry is launching its first-ever Forklift Industry Summit as growth in their deployment accelerates at distribution centers and warehouses nationwide. The summit, hosted by UniCarriers Americas Corp., is scheduled for Oct. 10-12 at the Intercontinental Hotel Miami.
April 6, 2018Business
Americold Reports Pre-IPO Results
The owner and operator of temperature-controlled warehouses Americold Realty Trust reported fourth-quarter and full-year 2017 results, reflecting the company prior to its initial public offering that was conducted this January.
March 30, 2018BusinessLogistics
Warehouses Are Now Worth More Than Offices, Thanks to Amazon
While China slams the brakes on buying trophy properties and the retail apocalypse draws nigh, something less sexy but striking is going on in real estate.
March 28, 2018Business
Online Grocers to Need More Cold Storage Space
The rise in online grocery sales could bring a need for more industrial cold storage space by the food industry, according to CBRE Research, a commercial real estate services firm.
March 19, 2018BusinessLogistics
Peoples Services Buys B&M Storage
Peoples Services expanded its warehouse footprint in the Southeast with the purchase of the assets of Winston-Salem, N.C.-based B&M Storage & Distribution.
January 16, 2018BusinessLogistics
Amazon Rival JD.com Built the Equivalent of Monaco in Warehouse Space in Three Months
JD.com Inc. added so much warehouse space in three months that the new construction could cover just about every inch of Monaco, a pace of expansion that rivals growth at Amazon.com Inc.
January 9, 2018Business
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.
January 8, 2018BusinessLogistics
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, 2017BusinessTechnologyEquipment
Fetch 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, 2017