Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
ProLogis Torrance Centre 5, California
US inventory levels are set to rise more than previously anticipated, driven by shippers’ change in supply chain strategy.
Warehouse capacity, already under strain, will be under further pressure as a result and is unlikely to abate until 2023, according to new predictions.
Logistics real estate giant Prologis has raised its projections of inventory levels in the US to 10%-15% above last April, when it expected them to rise 5%-10%.
This means Prologis will need to match this growth by expanding its facility ...
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