Results for: logistics

Prologis’ first-quarter 2024 results show a slight decrease in its 2024 guidance due to competitive leasing activities in certain markets. Despite a rise in rental revenue, occupancy and net operating income are anticipated to fall. Although operating conditions are favorable, customers are prioritizing cost control, affecting leasing decisions and pace. The average occupancy rate for 2024 is projected to be between 95.75% and 96.75%, indicating a 75-basis point reduction. Despite a challenging environment, Prologis remains optimistic about its business fundamentals.

Continuing its robotics implementation, Walmart will deploy 19 fully autonomous FoxBot Class 1 electric forklifts at four distribution centers. The FoxBots are designed to alleviate manual labor requirements at loading docks and have processed over 3 million pallet pulls since their introduction in 2021.

Snap-Loc Cargo Control Systems is introducing a range of cargo-securing innovations, including ratchet tie-downs, heavy-duty dolly E-Track carts, and more, designed to transform supply chain logistics and enhance safety and efficiency. The company’s E-Track Dolly and E-Track Singles are at the forefront of cargo-securing technology, offering ease of use and reliability for businesses across the nation.