The world’s largest temperature-controlled real estate investment trust, Lineage Inc., has filed for an initial public offering. Neither an estimated price range for the shares nor the size of the offering was announced. Lineage’s IPO was previously reported to fetch the company a valuation of more than $30 billion. The company plans to list its…
Less-than-truckload carrier Tony’s Express of Fontana, California, has filed for bankruptcy protection, nearly three months after it abruptly ceased operations by notifying around 200 truck drivers, warehouse workers and office personnel via text message that they no longer had jobs. John H. Ohle, president and sole shareholder of Tony’s Express, bought the company in May…
The Department of Labor has ordered three cross-border logistics companies in the San Diego area to pay $840,000 in back wages and fines to warehouse and transportation workers. The wages were recovered from Ruffo de Alba Forwarders LP, SAI Logistics Experts Inc. and Moving Technologies of America Inc. for 32 Mexican nationals, some paid as…
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As energy prices continue to rise and as more companies and individuals become carbon conscious, Link Logistics has developed a utility management model that will leverage its access to real estate capital to cut energy costs for its tenants. Sam Stockdale, senior vice president and head of sustainability at Link Logistics, sat down with Mary…