'Fortress' Prologis – tariffs hurt; stalemate drags; but 'better-than-feared'
‘Execution, execution, execution’
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 ...
Predatory rivals circle as the ripples from DSV's Schenker buy widen
MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on
Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz
DHL Express facilities in Canada forced to shut down by strike
Industry concerns rise after yet another box ship on fire off Indian coast
'It's driving us mad', say forwarders as US court fails to end tariff turmoil
European port congestion easing – for now
More legal trouble in India for MSC: feeder vessel detained after box ship disasters
Comment on this article