“If only you or only a terminal goes to 24/7, that’s interesting,” Stephen Lyons told Port of Long Beach Executive Mario Cordero in an interview Tuesday. “But if everybody -- including the warehousing community, all the other modes of transport -...
The pandemic caused many institutional investors to switch their focus to industrial properties. Now that interest rates are rising, they are changing course again.
Lonestar Airport Holdings says it spent smore than $32.5 million after signing a contract six years ago to revive a largely abandoned auxiliary terminal at Austin-Bergstrom International Airport. But the city now wants to end the lease 34 years...
The Atlanta-based company is working with a financial adviser on the potential sale. Other logistics firms and investment funds have expressed preliminary interest in acquiring the business.
How one private equity real estate firm is trying to bring flexible industrial facilities to the market in U.S. cities with its Portal Warehousing offering.
Paring costs is increasingly important as e-commerce becomes more popular and accounts for a larger part of revenue.
The rapid delivery company plans to close 76 warehouses across the U.S., representing roughly 12 percent of its network, as it consolidates in some cities.
“We’re seeing a slowdown in our order intake in the construction sector, and those customers are typically the fastest to react,” said Rob Van Gils, CEO of Hammerer Aluminum Industries.
The country’s ports are experiencing a reduction in backlogs. But global instability is leading companies to hoard warehouse space.