IAMC News Briefs—Week of September 26, 2022
By John Salustri
TRANSPORT DIVE—Throw preconceived notions of what a driver looks like out the window if you want to hire. National Transportation Institute CEO and President Leah Shaver says new approaches to age, gender and racial differences have to be embraced if trucking employers want to reduce turnover. In a largely nomadic industry, more candidates seek such perks as decent salary, more respect and the ability to return home. “Driver turnover doesn’t have to be something that … continues to be part of the culture in the trucking industry,” she told Transport Dive. “We have to make decisions to interact with folks.”
https://www.transportdive.com/news/ftr-annual-conference-nti-jbhunt-panel/632264/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-09-22%20Transport%20Dive%20%5Bissue:44725%5D&utm_term=Transport%20Dive
BISNOW—Logistics provider DCG Fulfillment has inked a deal for 306,000 square feet of industrial space in Lathrop, CA. Near the Port of Oakland, the space brings the firm’s Golden State holding to more than 3.7 million feet. Situated within the multiphase industrial park Phelan Lathrop Gateway, the building offers 3400 square feet of office space, parking for 130 tractor trailers and a 36-foot clear height. Newmark spoke for DCG in the negotiations.
https://www.bisnow.com/san-francisco/news/industrial/dcg-fulfillment-leases-300k-sf-industrial-space-outside-of-oakland-california-115563
THE REGISTRY—TA Realty has added Green Valley Corporate Park in Fairfield, CA to its industrial portfolio, thanks in part to a deal negotiated by JLL. Panattoni shed the park, consisting of three class A assets, for $90.5 million. Pacing out to 415,107 square feet, the park is 75% pre-leased to beverage distributor Southern Glazer and packager Landsberg Orora.
https://news.theregistrysf.com/ta-realty-pays-90-5mm-for-three-industrial-buildings-in-fairfield%EF%BF%BC/
COMMERCIAL OBSERVER—2253 Apparel Inc. has taken ownership of a new distribution asset in Southern California’s Inland Empire, a deal fueled by $97.4 million in funding. The seller, Dedeaux Properties, built the 205,830-foot warehouse, nestled among warehouse/distribution centers housing such names as Amazon, Home Depot, Lowe’s and Hanes. Funding was provided jointly by Israel Discount Bank of New York and Valley National Bank. Avison Young repped for the seller in the deal.
https://commercialobserver.com/2022/09/california-clothing-company-finance-97m-loans-distribution-center/?utm_campaign=daily-roundup&utm_content=2022-23-09-29142144&utm_source=Sailthru&utm_medium=email&utm_term=CO%20Daily%20Newsletter
SUPPLY CHAIN DIVE—Citing the “Inflationary backdrop,” FedEx is planning a January rate increase of 6.9% for its Express, Ground and Home Delivery services. The industry-wide slowdown in manufacturing, consumer activity and (not surprisingly) supply chain issues have contributed to this proactive strategy. Also not surprisingly, FedEx is not alone. UPS is rumored to be contemplating a similar hike, although no announcement has been made.
https://www.supplychaindive.com/news/fedex-2023-shipping-rate-increase-after-turbulent-quarter/632357/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-09-23%20Supply%20Chain%20Dive%20%5Bissue:44759%5D&utm_term=Supply%20Chain%20Dive