KKR & Co Inc announced the sale of over 5 million square feet of industrial warehouse and distribution assets for more than $560 million. The divestiture was completed through five separate transactions with five buyers. The assets sold include over 50 industrial buildings in high-growth markets. KKR has sold a

The Global Bio-Pharmaceutical Logistics Market report analyzes market participants' strategies in the Bio-Pharmaceutical Logistics market. It discusses the value chain and expected changes in the forecast period. The report provides research on sales and prices in the market and their anticipated changes. It includes financial attributes, competitive landscape, and

A council in the East of England has purchased a new headquarters as part of a project spanning 2.1 million sq ft. The UK government is also looking to establish a civil service hub of over 200,000 sq ft. Meanwhile, confusion arises at the Tory conference as reports

Austin-based Arrive Logistics has partnered with Descartes Systems Group to offer shipper customers real-time visibility into freight across its national network. Utilizing Descartes MacroPoint, Arrive Logistics aims to enhance automation in freight tracking processes and carrier compliance. This collaboration allows Arrive Logistics to better serve its shippers and carriers. By

The Global Cold Chain Market is set to expand significantly by 2027 due to increasing demand for ready-to-eat food, growing export volumes, and the adoption of advanced technologies. However, challenges such as low automation and rising costs may hinder growth. The market is highly competitive, with major players including Agro

A group of logistics companies, including Convoy, Uber Freight, and J.B. Hunt, formed the Scheduling Standards Consortium (SSC) in 2022 to address the lack of API standards among freight providers. They have now published a Technical Standard for developing APIs for transportation management systems, aimed at simplifying scheduling and

AltaBird Investments and Stonemont Financial Group have announced the completion of the Brown Thrasher Logistics Center in the Savannah Metropolitan Area. The development consists of 281,067 square feet of speculative, Class A industrial space and is located close to the Port of Savannah. The building is fully leased to

The International Longshore and Warehouse Union is at risk of financial trouble as they try to avoid paying $19 million in damages to a Portland terminal operator. Meanwhile, there is no agreement on green fuels and propulsion systems for new MPV ships, despite efforts to improve cargo intake and efficiency.

Teleport, a logistics venture, and SF Airlines, China's largest air cargo carrier, have signed a partnership agreement to enhance their air networks and improve customer service. The deal allows Teleport to expand its reach into Southeast Asia and SF Airlines to extend its market presence in Europe and

In preparation for Maritime Training Activity Sama Sama 2023, crews from the US Navy fleet replenishment oiler USNS Yukon and the Philippine Navy guided missile frigate BRP Antonio Luna conducted familiarization training in Subic Bay, Philippines. The training will include a replenishment-at-sea event to highlight PN-USN interoperability. Last year, the

Scan Global Logistics (SGL) has acquired Portuguese logistics company FLS (Freight & Logistics Solutions), further strengthening its position in government and defence. SGL has been on an acquisition spree, adding several companies to its portfolio, and plans to continue acquiring more. Additionally, SGL emphasizes its commitment to organic growth by

Bloomington-based company, Warrant Technologies, has been awarded a $21 million task order to provide product support and logistics expertise for the US Navy Maritime Electronic Warfare. The contract was awarded by the Crane Division of the Naval Surface Warfare Center and will last for 5 years. Warrant Technologies, a Service-Disabled

This year's fourth quarter is expected to be slow for retail and logistics providers as excess inventories from the pandemic are still being cleared and freight rates remain low. In addition, factors such as automotive labor strikes, rising fuel prices, the Russia-Ukraine war, and cyber attacks pose further

Defense Logistics Agency Energy (DLA Energy) has fueled two space missions this month, contributing to the US Space Force's efforts to deter threats in space. DLA Energy supplied high purity hydrazine, nitrogen, and helium for the launch of a Space Force vehicle from Vandenberg Space Force Base. Another

Link Logistics, the largest U.S.-only owner and operator of last-mile industrial real estate, has released its 2022 Environmental, Social and Governance (ESG) Report. The company's sustainability efforts are aligned with Blackstone's focus on maximizing returns for investors. Link Logistics aims to achieve carbon neutral

The Defense Health Agency's Medical Logistics Division plays a crucial role in providing medical supplies and equipment to support healthcare providers worldwide. With an $11 billion annual investment, this division supports combatant commands, the Military Health System, and patient care for millions of service members. Kadena Air Base

Radiant Logistics has acquired the operations of Daleray Corporation, a freight forwarding company based in Fort Lauderdale, Florida. The company will transition to operate as Radiant Global Logistics and will anchor the company's cruise logistics service offerings in south Florida. Dale Kloss will continue with the company as

Logistics company DP World is expanding its supply chain services by being involved in the Ryder Cup. DP World's Ryder Cup involvement aligns with its customer profile and values as a company. The company sees golf and cricket as sports synonymous with its market and values. DP World

Need help signing in? Issues with signing in? Click here. Don't have an account? Register now. Stonepeak's James Wyper discusses encouraging transport and logistics investing in North America due to economic fundamentals and government policies. Sign in once, not repeatedly. Register now to read this article

Advances in logistics technology have allowed for a decentralization of production and freight, opening up opportunities for U.S. importers to shift their supply chains closer to home. By building relationships with logistics providers in Mexico, importers can reduce dependence on goods from China and mitigate disruptions and increased costs.

The latest Logistics Automation System Integration Market Research Report provides a detailed overview of market size, trends, growth, and forecasts for 2023-2029. It focuses on key industry players and offers insights into historical progress, current status, and future trends. The report analyzes consumer behaviors and utilizes research techniques to highlight

Virginia's Attorney General opposes planned toll hike on Dulles Greenway. Equus seals a $38.2M deal as Virginia Inland Port Logistics Center finds a new owner. Warren County Traffic Alert issued by VDOT for October 2-5, 2023. Front Royal's Town Council candidates share visions on housing

A fund manager has purchased a 20,600 sq m property in Solrød. Property company Bonava plans to cut 300 jobs in Germany. Shoppers Park Plus is set to launch an IPO in Budapest. Real estate company JM has acquired a €21m residential development in Norway. Genesta has acquired a

The global contract logistics market is projected to grow at a CAGR of 4.66% from 2023 to 2028. The market is segmented by end users (aerospace, automotive, high-tech, pharma & healthcare, retail, others) and types (outsourcing, insourcing). The report provides insights on business tactics, customer acquisition, and collaborations. It