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IAMC News Briefs—Week of September 25, 2023

By John Salustri

Maersk, Amazon Enter Green Biofuel Deal

MAERSK NEWSROOM—A.P. Moller-Maersk and Amazon have shaken hands on a deal centered on the use of biofuel and the shipper’s “ECO Delivery” ocean strategy. The 2023-24 agreement calls for the transport of 20,000 FFE containers using green biofuel, which will contribute to an estimated 44,600 metric tons of CO2e reduction. “We share a common goal with Amazon to reduce our total GHG [greenhouse gas] emissions to net zero by 2040,” said Narin Phol, president of North America for A.P. Moller–Maersk. For the record, Co2e is a measure of total GHG emissions, while CO2 refers only to carbon emissions. 


CA Governor Vetoes Driverless Restrictions

TRUCKING DIVE—California Assembly Bill 316 is no more. Governor Gavin Newsom vetoed the bill, which would have imposed restrictions on driverless vehicles. These include the presence of a safety operator on trucks greater than 10,001 pounds. In his veto statement, Newsom called the bill unnecessary since an “existing law provides sufficient authority to create the appropriate regulatory framework.”


Dermody Starts 2.4M-SF Logistics Campus in WI

REBUSINESS ONLINE—Dermody Properties has begun a 232-acre, 2.4-million-square-foot logistics campus in the Milwaukee suburb of Pleasant Prairie. The plans for LogistiCenter at Pleasant Prairie include three build-to-suit assets with “abundant” backup power (the site formerly served as a We Energies power plant) and freshwater service from nearby Lake Michigan.


Starwood Buys NYC Industrial Pack for $146M

COMMERCIAL PROPERTY EXECUTIVE—Ten light industrial facilities near JFK Airport are now in the hands of Starwood, in partnership with Onyx Acquisition IV. The $146-million deal delivers one- and two-story assets from LLCs controlled by the Elias family. The properties total 500,708 square feet. CBRE engineered the deal.


Cushman Report: US Needs More Mfg. Assets

IAMC CORNERSTONE—That manufacturers and other drivers of the global supply chain are focused on reshoring and near shoring is a reality. But, as Cushman & Wakefield indicates, in a tight inventory market, manufacturers “need to be thoughtful about where to invest and expand operations to maximize the chances of success, with a focus on location analysis, supply chain optimization and scenario planning.” Such thought is key, especially since vacant manufacturing space makes up only 10.3% of national availability.  But, says the firm, “With only 59.9 msf of space currently under construction, of which 36% will be owner-occupied and 35% is non-owner-occupied build-to-suit, this is not likely to improve anytime soon.”

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