According to a report by Cushman & Wakefield, the U.S. industrial real estate sector demonstrated stability in Q2 2023, with net absorption remaining consistent with Q1 levels and an increase in demand for logistics products. However, the western markets are facing challenges, leading to gradual changes in overall rents and construction activity.
The Logistics Managers' Index (LMI) reached 60.7 in June, an increase of 1.3% from May, marking the first time it has surpassed 60 since July 2022. This reflects strong signs of recovery in the logistics industry.
The Logistics Manager's Index (LMI) for June highlights a recovery in the logistics sector, reaching 60.7 after two consecutive months of growth. Rising inventory levels and costs are key driving factors. Additionally, warehousing capacity has entered contraction territory for the first time, indicating a landscape where challenges and opportunities coexist.
A. Duie Pyle has opened its first logistics and warehousing center in Gastonia, North Carolina, covering 186,000 square feet to meet the needs of local manufacturing. This center has created 20 job opportunities, with an anticipated additional 15 jobs by the end of the year.
Cargo insurance brokers are important professionals who assist clients in obtaining appropriate insurance. They provide comprehensive coverage for businesses and individuals during cargo transportation by understanding client needs, offering market resources, and supporting claims.
High cube containers (HC), being one foot taller than standard containers, enhance cargo loading density and are an ideal transportation choice in modern logistics. They effectively reduce costs and improve transportation efficiency.
This article provides a detailed analysis of truck wait fees and their impact on transportation costs. Understanding truck wait fees can help businesses better estimate transportation expenses and avoid unnecessary additional spending. Flexport offers market updates to help you stay informed about port dynamics and optimize logistics solutions.
The HS code series 94 covers a variety of furniture products, including children's car seats and medical chairs, highlighting the potential and trade opportunities in niche markets. The export tax rebate rates for different products provide market guidance, creating conditions for businesses to assess and choose accordingly.
As Norway's second largest port, Bergen Port actively promotes sustainable development and aims to become a zero-emission port. The port authority integrates green infrastructure and low-carbon transportation solutions, alongside community engagement, to harmonize environmental measures with economic growth, setting an example for green shipping in Northern Europe.
Douala Port, the largest port in Cameroon, serves as a significant maritime logistics center in Africa and a pioneer in port security and management. The administration enhances the port's international competitiveness and economic development potential by implementing stringent safety standards and modern management practices, facilitating regional cargo flow.
