Logistics real estate operator Prologis lowered its 2023 rent growth forecast as it expects vacancies to tick higher in the near term. Prologis (NYSE: PLD) on Tuesday reported core funds from operations (FFO) of $1.83 per share for the second quarter, 16 cents higher than the consensus estimate and 72 cents higher year over year…
No matter what is happening in the freight market, shippers value predictability, efficiency and on-time delivery. They are driven by these values to ensure their routing guides are iron-clad, as failures lead to unexpected delays and expenses. Some types of freight, however, are more likely to fall through the cracks than others. A low-volume contract…
WASHINGTON — Regulators have denied a New Hampshire prison inmate an exemption from certain training requirements that he had sought on behalf of himself and fellow inmates seeking truck driver jobs after they are released. Robert Towle, an inmate at the New Hampshire State Prison for Men in Concord, requested that people graduating from the…
The past few years have seen container shortages, soaring freight rates and unprecedented geopolitical events intensify market volatility, creating massive challenges for global shippers. These obstacles have persuaded FreightTech entrepreneur Graham Parker to reenter the global logistics space. He launched container rate platform Ship Angel on Monday after successfully exiting the industry when his digital…
Yellow Corp. (NASDAQ: YELL) has failed to make its required pension contributions for June and is planning to withhold payments for July. The pension funds, pension accruals and health care coverage for workers will suspend on Sunday, according to a statement by the Teamsters. The Teamsters union has threatened to strike by Monday if this…