IAMC News Briefs—Week of October 3, 2022
By John Salustri
TRANSPORT DIVE—Werner Enterprises keeps making news. The firm has just closed on its acquisition of Baylor Trucking. While pricing was not revealed, the deal swells Werner’s numbers by $81.5 million in annual revenue, 234 drivers, 200 trucks and 980 trailers. That additional fleet includes one-way and expedited dry vans, as well as refrigerated trucking. Baylor will remain a standalone business under the Werner umbrella.
https://www.transportdive.com/news/werner-acquires-baylor-trucking-2022/633144/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-10-03%20Transport%20Dive%20%5Bissue:44974%5D&utm_term=Transport%20Dive
COMMERCIAL OBSERVER—It’s called “the Inflation Reduction Act,” but in reality, the legislation signed into law by President Joseph Biden this past August is a tech-innovation play. The goal of the act is to reduce the nation’s carbon footprint by 2030 to 40% of 2005 levels and do so through innovation and adoption of energy sources. The bulk of the $379 billion set aside for the strategy will go for manufacturing cleaner energy. Major capital will also go to real estate and construction since, as the report states, those industries are two of “the biggest emitters of greenhouse gases,” accounting for 39% of all CO2 emissions, according to Gensler co-CEO Diane Hoskins.
https://commercialobserver.com/2022/09/bidens-inflation-reduction-act-whats-in-it-for-commercial-real-estate/?utm_campaign=daily-roundup&utm_content=2022-30-09-29219833&utm_source=Sailthru&utm_medium=email&utm_term=CO%20Daily%20Newsletter
SUPPLY CHAIN DIVE—With the holidays near-to upon us, DHL Supply Chain is already making it’s Christmas list. It includes hiring 12,000 warehouse workers to handle the seasonal rush. Some 9,000 of those jobs will be assigned to ecommerce and retail customer-focused facilities. The recruits will be working alongside more robots since the firm plans to deploy 2,00 collaborative robots, a boost of 500 from its last peak season.
https://www.supplychaindive.com/news/DHL-Supply-Chain-to-hire-12K-seasonal-warehouse-associates/633311/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-10-05%20Supply%20Chain%20Dive%20%5Bissue:45027%5D&utm_term=Supply%20Chain%20Dive
COMMERCIAL OBSERVER—Tensions in China, Ukraine as well as climate change threats are all coming to light as drivers of reshoring. It is a major focus for the Biden Administration, and the President’s above-mentioned Inflation Reduction Act also incentivizes stateside production of renewable energy products. Yardi Matrix predicts that reshoring will continue to grow over the next decades “and be a driver of industrial real estate demand for years to come.”
https://commercialobserver.com/2022/10/us-industrial-reshoring-report/?utm_campaign=daily-roundup&utm_content=2022-04-10-29255363&utm_source=Sailthru&utm_medium=email&utm_term=CO%20Daily%20Newsletter
SIOR—The cold storage segment is as hot as the broader industrial marketplace, according to the Society of Industrial and Office Realtors. Thanks to the explosive growth of ghost kitchens, grocery delivery options and the COVID-driven need for pharmaceuticals, the global cold storage market, valued at $112 billion in 2021, is set to top $330 billion by 2030. Asset requirements, though, are markedly different from the broader market, with demands for interiors that must be kept at temperatures below ambient—down to negative 10 degrees F. Pharma goods can be even lower.
https://www.sior.com/education-and-insights/insights/magazine/sior-report-article/fall-2022/what-s-so-hot-about-cold-storage