3PL

CBRE reported that the largest 100 industrial lease transactions in 2023 included 43 deals for 1 million square-feet or more, which the firm describes as “megawarehouses.” This fell short of 2022’s record-high 63 deals and 2021’s strong 57 deals tally.  The average size of the top 100 leases came in at 986,744 square-feet, down from 2023’s record 1.07 MSF and the previous record set in 2021, at 1.05 MSF.

CBRE reported that the largest 100 industrial lease transactions in 2023 included 43 deals for 1 million square-feet (MSF) or more, which the firm describes as “megawarehouses.” This fell short of 2022’s record-high 63 deals and 2021’s strong 57 deals tally.  The average size of the top 100 leases came in at 986,744 square-feet, down from 2023’s record 1.07 MSF and the previous record set in 2021, at 1.05 MSF.

Battle-tested logisticians need help to cope with growing freight levels as the nation rebuilds its infrastructure amid an economic boom, one of America’s top third-party professionals told Congress last week.

Upgrade your shipping strategies with insights from over 1,400 shippers to stay ahead in the ever-changing world of logistics.

The 3PL’s new facility in Asheville, Ohio, is a showcase for next-generation technologies, including robotics and automated packaging.

Kenco officials said that this deal augments the company’s service portfolio in various ways, including: increased capacity, broader geographic reach, and an expanded suite of services for the benefit of customers.

Yes, warehouse robotics are the biggest thing in automation, but they’re not the only tech to drive efficiencies. Orchestration software, better robot/human collaboration, and the application of computer vision to inventory accuracy all play a role in operational gains.

Event featured an impressive lineup of keynote and session speakers who hit on all of the topics that are driving supply chain growth right now.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on various logistics and supply chain trends and themes, including: freight economic conditions, near shoring, and brokerages, among others.

When Sunriise Business Solutions’ business process and project management experts embedded at a high-end yoga apparel brand were asked to bring the company’s shipping operation from a 3PL in house, they began by deploying Reveel’s Shipping Intelligence™ Platform - a decision that delivered more than $1.8 million in initial savings.

As demand for North American warehouse space soars, third-party logistics providers find new ways to serve their growing customer bases.

A key takeaway of the report highlighted how the GDP Goods Transport Sector reading saw a 6.5% increase, from the second quarter to the third quarter, which snapped a five-quarter stretch of negative or nearly negative sequential quarter growth. And TIA noted that this was in line with the U.S. third quarter advance estimate reading of 4.9%.

As demand for North American warehouse space soars, third-party logistics providers find new ways to serve their growing customer bases.

The Federal Motor Carrier Safety Administration (FMCSA) late last month published a final rule titled "Broker and Freight Forwarder Financial Responsibility," which establishes procedures and requirements for the immediate suspension of broker and freight forwarder operating authority registration if the available financial security falls below $75,000.

Years of geopolitical uncertainty and high US tariffs are driving manufacturing out of China and into new destinations.