Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
US freight companies are bemoaning overstocked inventories, as volumes recorded by the CASS Freight Index fell 4.8% in June, year-on-year. Despite higher consumer spending, retailers are continuing to sell existing stocks after over-ordering. Both retail and freight companies are concerned about the peak season, with “tepid” demand. There is one bright spot, however. Temperature-controlled shipping is a “very good placed to be”, the WSJ reports.
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