Q1 industrial real estate activity sees continuation of strong market conditions, reports JLL

Data issued today by Chicago-based industrial real estate firm JLL highlighted very strong fundamentals for the U.S.-based industrial real estate market, for the first quarter. In its “U.S. Industrial Outlook: Q1 2022,” JLL observed various takeaways reflecting how competitive market conditions continue to give landlords what JLL Senior Director Mehtab Randhawa called the edge in… Continue reading Q1 industrial real estate activity sees continuation of strong market conditions, reports JLL

April Services PMI is off from March but still is strong, reports ISM

While coming in slightly below March’s levels, services economy activity, for the month of April, remained strong, according to the most recent edition of the Services ISM Report on Business, which was issued today by the Institute for Supply Management (ISM). The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came… Continue reading April Services PMI is off from March but still is strong, reports ISM

Total Q1 2022 intermodal volume sees annual decline, reports IANA

First quarter 2022 intermodal volumes saw some domestic bright spots but were weighed down by significant trailer and ISO (international) container declines, according to the most recent edition of the Intermodal Quarterly report, which was issued by the Intermodal Association of North America (IANA). For the first quarter, IANA reported that total intermodal volume—at 4,312,905—is… Continue reading Total Q1 2022 intermodal volume sees annual decline, reports IANA

April manufacturing output declines but still showing overall growth, reports ISM

While seeing a modest sequential decline, April manufacturing output remained on the right side of growth, according to the most recent edition of the Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM).   The report’s key metric, the PMI, had a reading of 55.4 (a reading of 50… Continue reading April manufacturing output declines but still showing overall growth, reports ISM

Industrial real estate market conditions remain tight, with space in short supply, reports CBRE

The ongoing theme of demand exceeding supply, within the industrial real estate market, remains fully intact, according to data issued this week by Los Angeles-based industrial real estate developer CBRE. CBRE explained that following a record year, in the U.S. industrial real estate market in 2021, market conditions carried over into the first quarter, with… Continue reading Industrial real estate market conditions remain tight, with space in short supply, reports CBRE

March intermodal volumes see annual and year-to-date declines, reports IANA

March intermodal volumes saw declines, according to data provided to LM by the Intermodal Association of North America (IANA). Total March volume—at 1,580,155 units—saw a 5.5% annual decline. Trailers—at 93,981—fell 15.7% annually. All domestic equipment, which is comprised of trailers and domestic containers, was up 3.0%, to 846,405 units. ISO, or international, containers—at 733,750—dropped 13.7%.… Continue reading March intermodal volumes see annual and year-to-date declines, reports IANA

FedEx reports fiscal third quarter earnings gains

Fiscal third quarter earnings for Memphis-based freight transportation and logistics services bellwether FedEx issued yesterday showed gains, amid various challenges. Quarterly revenue—at $23.6 billion—saw a 10% annual increase, and operating income—at $1.33 billion—saw a 32% annual gain. Diluted earnings per share—at $4.20—were up 27% annually, coming up short of Wall Street expectations at $4.65. FedEx… Continue reading FedEx reports fiscal third quarter earnings gains

North American ‘big box’ transactions continue to gain traction, reports CBRE

North American “big box” warehouse transactions by retailers and wholesalers saw significant gains in 2021, setting a record for the second straight year, according to a report recently issued by industrial real estate firm CBRE. CBRE defines “big box” warehouses as being 200,000 square-feet (SF) or larger. In its “North American Overview,” CBRE looked at… Continue reading North American ‘big box’ transactions continue to gain traction, reports CBRE

Freight Transportation Services Index is up for fifth straight month, reports BTS

By LM Staff · March 11, 2022 The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (Freight TSI) saw a slight increase in January, the most recent month for which data is available. According to BTS officials, the Freight TSI measures the month-to-month changes in freight… Continue reading Freight Transportation Services Index is up for fifth straight month, reports BTS

Samsara reports record results for Q4/2022

3rd March 2022 Samsara Inc., the pioneer of the Connected Operations Cloud, reported record financial results for the fourth quarter and fiscal year ended 29th January, 2022. “We achieved significant milestones in the fourth quarter, including becoming a publicly listed company. We ended the year with over half a billion in ARR, while growing 64%… Continue reading Samsara reports record results for Q4/2022