IAMC News Briefs—Week of August 29, 2022
By John Salustri
SUPPLY CHAIN DIVE—French 3PL provider Geodis has shaken hands with Locus Robotics for 1,000 bots to be placed in warehouses worldwide. The autonomous mobile robots—AMRs to those in the know—will roll out over the next two years. Geodis (which joins such names as IAMC member DHL Supply Chain in deals with Locus) plans to increase their e-commerce delivery efficiency.
https://www.supplychaindive.com/news/geodis-deploy-1000-locus-robots-across-its-warehouses/630714/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-08-30%20Supply%20Chain%20Dive%20%5Bissue:44186%5D&utm_term=Supply%20Chain%20Dive
GLOBEST.COM—Supply chain issues aside, the Port of Los Angeles is posting record activity. July hit the port’s fifth all-time high volume in seven months, with a reported 935,345 twenty-foot equivalent units (TEU). This outpaces the previous bellringer set in 2019 by 2.5%. While port officials claim the port is “more fluid” than ever, the increased volume is putting a strain on available warehouse space. “The record volume has caused rental rates for industrial to rise dramatically,” Brad Yates, senior vice president at Stream Realty Partners, told GlobeSt.com. “There isn’t enough warehousing supply to meet the influx of containers and product flooding the Southern California industrial market.”
https://www.globest.com/2022/08/29/record-breaking-volume-taking-toll-on-the-port-of-los-angeles/
COMMERCIAL PROPERTY EXECUTIVE—Lineage Logistics has picked up 40 acres in Lakeview Business Park for a planned $125-million cold storage facility. The $1 billion master planned park, owned by The Romney Group, is located in the Salt Lake City suburb of Grantsville. On 1,700 acres, Lakeview is said to be among the nation’s largest business parks. For Lineage, the plan is to build out a 200,000-square-foot plant that will be home to some 96 workers.
https://www.commercialsearch.com/news/1b-master-planned-utah-industrial-park-signs-build-to-suit-deal/
WEALTH MANAGEMENT REAL ESTATE—Institutional capital is going increasingly to industrial, data center and multifamily acquisitions, according to a recent survey conducted by Wealth Management Real Estate and Yardi. Market performance is clearly the driver of the shift from such traditional favorites as office and retail. Specifically, the survey shows that multifamily was the preferred target for institutional money (for 67%), while industrial (47%) and data centers (36%) also turned in impressive results. For the record, office and retail came in at 14% and 1% respectively.
https://www.wealthmanagement.com/investment-strategies/institutions-have-shifted-multifamily-industrial-and-data-centers-their-real
TRANSPORT DIVE—Goodyear Tire and Rubber plans to increase its focus on smart tires as a reported growth opportunity. The firm unveiled its first smart tire in mid-2021 and recently restated its commitment to the technology. Transport Dive reports that, since electric vehicles weigh more than traditional trucks, their tires are expected to wear out faster. Smart tires, says the report, “use sensors with cloud-based algorithms to monitor tire conditions and communicate with fleet operators in real-time.” Tire intelligence will be featured on all new products within the next five years.
https://www.transportdive.com/news/goodyear-ev-av-tires-growth-opportunity/630472/?utm_source=Sailthru&utm_medium=email&utm_campaign=Newsletter%20Weekly%20Roundup:%20Transport%20Dive:%20Daily%20Dive%2008-27-2022&utm_term=Transport%20Dive%20Weekender