Corvus Robotics Raises $18M: Revolutionizing Warehouse Automation with Autonomous Drones

Corvus Robotics, a provider of autonomous inventory management systems, has announced an updated version of its Corvus One system that brings, for the first time, the ability to fly its drone-powered system in a distribution center without any added infrastructure like reflectors, stickers, or beacons. The newest generation product is supported by an $18 million … Read more

Hub Group announces joint venture with EASO, with a focus on expanding Mexico-based intermodal and cross-border service offerings

Oak Brook, Ill.-based freight transportation and logistics services provider Hub Group announced today that it has entered into a joint venture with Mexico City-based EASO, the largest intermodal and trucking logistics services provider in Mexico. Founded in 1972, family-led EASO offers a range of services, including intermodal, dedicated trucking, truckload, and freight brokerage. The company … Read more

Strong U.S.-bound import volumes are expected to continue, following brief East and Gulf Coast ports’ strike, reports Port Tracker

While the expected East and Gulf Coasts’ port strike came to fruition at the end of September and subsequently ended after roughly three days, that is not expected to dint the ongoing stretch of high levels of United States-bound imports, , according to the Port Tracker report, which was issued today by the National Retail … Read more

Amid tentative East and Gulf Coast ports labor agreement, industry stakeholders focus on working through backups and focus on supply chain resiliency

While there is a sense of relief sweeping over the United States supply chain and, by extension, the economy, following a tentative agreement struck late yesterday by the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX), port operations will not immediately return to normal. However, the situation did not fully escalate to … Read more

New report from Colliers examines key industrial real estate findings, with a focus on the 25 largest U.S. markets by inventory

Data recently released by industrial real estate firm Colliers, in its report titled “The Markets that Move America – Q2 2024,” highlighted key findings related to vacancy, new supply, demand, and rent growth, focusing on the 25 largest U.S.-based industrial markets by inventory. Colliers observed that these 25 largest markets account for 76% of the … Read more