Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

Company to build Mississippi logistics, business park

Desoto 55 logistics center to have 2.5 million square feet at full build out.

DC Velocity Staff
By DC Velocity StaffMar 31, 2017
DC Velocity Staff
See Full Bio

An Atlanta-based industrial real estate developer said it has acquired 173 acres in Mississippi to construct a 2.5-million-square-foot logistics and business park, named "Desoto 55" after the county where the complex will be built.

The developer, Core5 Industrial Partners LLC, said it would immediately begin construction on two buildings that will comprise nearly 884,000 square feet of warehouse/office space. One is a 583,000-square-foot facility that is expandable to 1.5 million square feet. The other is a 301,000-square-foot "rear load" building, where the dock doors are located at the back of the building. Both buildings will offer speculative space for delivery this fall, Core5 said.

At full build out by the end of 2019, the logistics center will be made up of five buildings totaling 2.5 million square feet, Core5 said. The company made the announcement last week.

ArticleSC Services
core5 industrial partners
ArticleSC Services
core5 industrial partners

The Latest

logo images of ILA union and USMX dockworkers ports
Article

Strike ends: East Coast dockworkers return to work

More Stories

ships and containers at port of savannah

54 container ships now wait in waters off East and Gulf coast ports

The number of container ships waiting outside U.S. East and Gulf Coast ports has swelled from just three vessels on Sunday to 54 on Thursday as a dockworker strike has swiftly halted bustling container traffic at some of the nation’s business facilities, according to analysis by Everstream Analytics.

As of Thursday morning, the two ports with the biggest traffic jams are Savannah (15 ships) and New York (14), followed by single-digit numbers at Mobile, Charleston, Houston, Philadelphia, Norfolk, Baltimore, and Miami, Everstream said.

Keep ReadingShow less

Featured

Survey: In-store shopping sentiment up 21%
Featured

Survey: In-store shopping sentiment up 21%

Three steps toward safer loading docks
Article

Three steps toward safer loading docks

NOAA weather map of hurricane helene
Article

Florida braces for impact of Hurricane Helene

PMA Screen Shot 2023-04-07 at 4.41.00 PM.png
Article

Ports of Los Angeles and Long Beach close in flashback to 2015 dockworker strike

express parcel delivery worker on moped
Shipping Software

Shipsi plans to expand its express delivery reach after acquisition

dexory robot counting warehouse inventory

Dexory raises $80 million for inventory-counting robots

The British logistics robot vendor Dexory this week said it has raised $80 million in venture funding to support an expansion of its artificial intelligence (AI) powered features, grow its global team, and accelerate the deployment of its autonomous robots.

A “significant focus” continues to be on expanding across the U.S. market, where Dexory is live with customers in seven states and last month opened a U.S. headquarters in Nashville. The Series B will also enhance development and production facilities at its UK headquarters, the firm said.

Keep ReadingShow less
container cranes and trucks at DB Schenker yard

Deutsche Bahn says sale of DB Schenker will cut debt, improve rail

German rail giant Deutsche Bahn AG yesterday said it will cut its debt and boost its focus on improving rail infrastructure thanks to its formal approval of the deal to sell its logistics subsidiary DB Schenker to the Danish transport and logistics group DSV for a total price of $16.3 billion.

Originally announced in September, the move will allow Deutsche Bahn to “fully focus on restructuring the rail infrastructure in Germany and providing climate-friendly passenger and freight transport operations in Germany and Europe,” Werner Gatzer, Chairman of the DB Supervisory Board, said in a release.

Keep ReadingShow less
containers stacked in a yard

Reinke moves from TIA to IANA in top office

Transportation industry veteran Anne Reinke will become president & CEO of trade group the Intermodal Association of North America (IANA) at the end of the year, stepping into the position from her previous post leading third party logistics (3PL) trade group the Transportation Intermediaries Association (TIA), both organizations said today.

Reinke will take her new job upon the retirement of Joni Casey at the end of the year. Casey had announced in July that she would step down after 27 years at the helm of IANA.

Keep ReadingShow less
Dock strike: Shippers seek ways to minimize the damage

Dock strike: Shippers seek ways to minimize the damage

As the hours tick down toward a “seemingly imminent” strike by East Coast and Gulf Coast dockworkers, experts are warning that the impacts of that move would mushroom well-beyond the actual strike locations, causing prevalent shipping delays, container ship congestion, port congestion on West coast ports, and stranded freight.

However, a strike now seems “nearly unavoidable,” as no bargaining sessions are scheduled prior to the September 30 contract expiration between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) in their negotiations over wages and automation, according to the transportation law firm Scopelitis, Garvin, Light, Hanson & Feary.

Keep ReadingShow less
Copyright ©2024.