Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
Prologis raised its profit outlook some 14% this week, after recording a 14% spike in second-quarter net income. The strong results were announced alongside news that it was lining up a $4bn acquisition of US industrial properties. Reuters reports that the company is about to buy Black Creek Group’s Industrial Property Trust (IPT), which would add 37.5m sq ft of industrial space, comprising 236 properties across Southern California, San Francisco Bay, Chicago, Atlanta, Dallas, Seattle and New Jersey. The deal is expected to close by the end of the year.
FAK rate hikes holding, with strong demand into peak season predicted
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Rising costs of port congestion force surcharge by Asian feeder operators
Trade growth getting stronger, but ocean freight rates stay flattish
Indian trade disrupted as port congestion forces liner services to skip calls
Global airfreight volumes blooming as flower shipments take off
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