66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
Freight brokers are measuring their inboxes wrong. Most inbound email is monitoring, not work. And the longtail categories that look like noise are costing real margin. Here's how to audit what's actually in your inbox, and why it matters in 2026's margin-first market.
Southern California’s once-tight industrial real estate market is cooling with a rise in vacancy rates, driven by soaring rents and reduced imports, reports Savills.
Southern California’s previously red-hot warehousing market is beginning to cool down. Notable for being one of the tightest industrial real-estate markets in the U.S., a recent influx of vacancies is drawing industry attention. According to Savills, a real estate services firm:
For the first time in two decades, more warehouse space became available than was leased in this region. The rise in vacancies is attributed to soaring rents, dwindling imports due to a 4% decline in U.S. imports in the first half of this year, and increased operational costs, prompting companies to explore alternative regions for warehousing.
For instance, the Port of Los Angeles and Long Beach reported handling 1.3 million fewer containers in H1 2023 compared to H1 2022. Even with rising vacancy rates, Prologis, a leading logistics property builder, stated that its Southern California warehouses were 97% occupied in Q2, down from 99% last year.
Source: The Wall Street Journal
Vacancy Rate Spikes To 3.8% Y/Y In This Normally Busy Industrial #Property Area Of Cali, As Signs Point To #Economy Already In #Recession As Imports Dry Up With Spending Drop - SoCal Warehouse Slump: A Potential Warning Sign For Broader Economy https://t.co/T4U1kTWCzq pic.twitter.com/uKwQMwY3DG
— Crush The Market (@crushthemarket) August 12, 2023
U.S. warehouse vacancy rates hit 11-year high as trade uncertainty and shifting import patterns reshape logistics strategies
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Lineage, the cold chain logistics leader, plans a massive $3.85 billion IPO, offering 47 million shares priced between $70 to $82 each.
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