In the latest episode of "The Freight Caviar Podcast", we sit down with Andy Hedrick, CEO of Green Path Tech. He shares insights on how your business can be more sustainable, and talks about their fuel-saving technology.
Prologis Expands Logistics Property Portfolio with $3.1B Deal
Prologis, the world's leading industrial property company, acquires nearly 14 million square feet of logistics real estate from Blackstone, further strengthening its market position.
Prologis, a global leader in industrial real estate, is set to acquire nearly 14 million square feet of logistics property from Blackstone for $3.1 billion. This acquisition, consisting of around 70 sites across key US markets, further bolsters Prologis's position as the world's largest industrial property company and enhances its significant influence in the logistics sector.
This transaction underscores the booming demand for industrial space driven by the rise of e-commerce and the subsequent evolution of supply chains. Most of the properties being acquired are strategically located in or near cities, facilitating proximity to consumers. This deal not only expands Prologis' presence in pivotal markets such as Atlanta, Dallas, and New York but also broadens its relationships with 50 existing customers and introduces 77 new ones.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In an uncertain economy, transportation and logistics businesses reduce costs with Stealth Monitoring's live video monitoring, combining AI, machine learning, and human intelligence for proactive security solutions.
Keep up with the freight broker world in 5 minutes.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
