As automation becomes more accessible the market will grow, says ABI Research. Both the increased acessibiilty and maturing warehouse automation market is allowing companies, regardless of size, to adopt a variety of technologies. According to ABI Research, the global installed base of autonomous mobile robots (AMRs) in warehouses will surpass 500,000 by 2030. “There are… Continue reading Warehouse Robot Market to Increase 25% by 2030
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Subleases are surging as companies pare back storage capacity they built up during the pandemic
Warehousing demand is starting to shrink
Retailers and their suppliers have been slashing their inventories. Now they’re turning to cutting back storage space.
A once-booming U.S. warehousing market is coping with signs of contraction as businesses consolidate warehouses and in some cases upgrade existing sites rather than add facilities. The shift comes as retailers have turned the corner on a big drawdown of inventories and are aligning their supply chains for more normal, prepandemic stocking and consumer spending patterns.
Consumer-goods maker Newell Brands, retail-pharmacy chain Rite Aid and sports-apparel retailer Fanatics are among the merchants closing warehouses or upgrading existing facilities rather than opening new sites this year.
Other companies are unloading storage capacity by subleasing space. The amount of U.S. warehouse space listed for sublease reached a record high of more than 156 million square feet in the fourth quarter of 2023, more than three times the amount available in the fourth quarter of 2021, according to real-estate services firm Savills.
Trucking authority correction accelerates
Truckload operating authorities declining 12% faster this winter Since the start of November, net active truckload operating authorities have dropped by 9,000 — an approximately 12% increase over the same period last year, according to Carrier Details’ analysis of Federal Motor Carrier Safety Administration data. The operating authorities measured here are Motor Carrier of Property… Continue reading Trucking authority correction accelerates