Industrial

Paring costs is increasingly important as e-commerce becomes more popular and accounts for a larger part of revenue.

The rapid delivery company plans to close 76 warehouses across the U.S., representing roughly 12 percent of its network, as it consolidates in some cities.

“We’re seeing a slowdown in our order intake in the construction sector, and those customers are typically the fastest to react,” said Rob Van Gils, CEO of Hammerer Aluminum Industries.

The country’s ports are experiencing a reduction in backlogs. But global instability is leading companies to hoard warehouse space.

Multifamily and industrial continue to be in demand among commercial real estate investors, in spite of the new challenges. But the investment environment is changing and with it the calculus for which assets to invest in.

The country’s busiest port complex is still battling bottlenecks across the board, with an influx of goods for holiday sales and the easing of lockdowns in China.

Doug Herrington joined Amazon in 2005 and launched the Amazon Fresh grocery delivery service in 2007.

The dynamics in the cold storage sector are complicated, but the outlook remains strong.

Ocado’s main focus is selling robotic warehouse technology, maintaining partnerships with retailers worldwide.

The REIT boosted its bid for Duke Realty Corp. to an all-stock offer of $26 billion from $24 billion.