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IAMC News Briefs—Week of July 3, 2023

By John Salustri

Maersk Advocates for AI in the Drive to Sustainability

MAERSK NEWSROOM—Can Artificial Intelligence (AI) make supply chains more sustainable? That’s the question Maersk asks in “7 Ways AI Technology Can Boost Sustainable Logistics” before providing some answers. “The concept of sustainable AI will soon claim a big role in the plethora of initiatives to address environmental sustainability challenges previously considered impossible,” says the shipping giant. In terms of the supply chain alone, “Carbon tracking in upstream activities is an upcoming trend, and AI can help with powering platforms that are used for identifying opportunities and [measuring] risk in ESG ratings.” Through supply chain screenings and mapping, such solutions can help with “the full spectrum of sustainability and performance-management recommendations.” But this is only the tip of the iceberg. Click the link for more.


Shareholders Approve Knight-Swift’s Acquisition of U.S. Xpress

TRANSPORT DIVE—The proposed $800-million purchase of U.S. Xpress Enterprises by Knight-Swift Transportation Holdings has gotten the thumbs up by the latter firm’s shareholders. Described as representing “a seismic shift” in the full-truckload (TL) market, the purchase was approved in a landslide vote and creates an operation of some 25,000 tractors and 93,000 trailers.


Goodyear Completes $68M SoCal Sale/Leaseback

COMMERCIAL OBSERVER—Goodyear Tire is now leasing its 829,000-square-foot distribution center in the Inland Empire town of Victorville, the result of a $67.5-milllon sale/leaseback. A CIRE Equity unit picked up the 40-acre asset. Umpqua Bank provided funding to the tune of $40.5 million to seal the deal. The Inland Empire boasts the largest rent gains in the nation—17% year-over-year, according to data firm CommercialEdge.


As Nearshoring Gains Popularity, So Does Mexico

COMMERCIAL PROPERTY EXECUTIVE—It’s no surprise anymore that nearshoring is gaining steam as an alternative to the traditional reliance on offshore sources. But a CommercialEdge report reveals that Mexico has actually surpassed China as the most active importer into the country this year. “The demand for nearshoring has fueled significant activity along the U.S.-Mexico border, particularly in the Laredo, Texas, border gateway,” says the database firm. “This surge in trade has also driven industrial demand in cities along the central Texas corridor.”


JLL: Negotiate Renewals for Efficiency, Savings

JLL NEWSROOM—With market conditions changing, landlords are more willing to talk. So now may be an opportune time to renegotiate your lease. So says JLL in “Three Tips for Renewing Your Warehouse Lease.” These three tips, designed to “save you money, increase flexibility and improve your bottom line,” are: 1) Get Ahead of the Market by monitoring market conditions, starting the process early and securing professional representation; 2) Understand Your Landlord’s Motivation by doing your homework and asking a lot of questions to fully comprehend your value to them and their overall financial situation; and 3) Maximize Operational Efficiency by looking “at your current space and ask yourself, ‘What does our business need to improve efficiencies and create the ideal work environment?’” For details, cut and paste the link below:


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