IDI Logistics’ Post

#Industrial Service Facilities (ISF) are crucial to the supply chain, ensuring the efficient transportation of raw materials and goods across the U.S. 🚛 Examples of ISF include truck terminals, maintenance facilities, container storage, and transload yards. As part of our Industrial Fund I, Black Salmon deployed capital for the #development of three truck parking lots, totaling 1,053 spaces on 35.3 acres, to serve the eastern and southeastern submarkets of Atlanta. 📍 These facilities, strategically located near major highways, railways, industrial centers, and Hartsfield-Jackson Atlanta International Airport, address the high demand for tractor trailer container parking in the area.

The 70s corridor boasts a high concentration of businesses – with more than 39,000 located within a 10-minute drive of the corridor – and is home to 75% of the St. Louis region’s industrial occupiers that have more than 500,000 square feet of space and employ more than 1,000 workers. Among the region’s largest occupiers and employers located along the corridor is Boeing, which has a $1.8 billion expansion project in the works at St. Louis Lambert International Airport that will create 500 jobs. The airport is also preparing to invest $2.8 billion in a new, consolidated, single terminal that will contribute to additional growth in the region.   With plenty of real estate space available, the corridor’s accessibility to the St. Louis region and key markets around the country is a reason why developers, site selectors and businesses are recognizing it as an asset and are actively seeking to position their facilities in close proximity to the corridor.   Click the video below to hear firsthand from the researchers and real estate professionals taking a closer look at this major logistics corridor and learn why it is home to a wealth of national manufacturers, suppliers, and distributors, with room to welcome more. https://lnkd.in/gqFdFdWq

Word is getting out about the efficiency of America's Most Modern Gateway! 👉 "The port’s performance during the last few years explains much of the momentum." 👉"Offering arguably some of the best rail access to Chicago, Virginia has been the second-fastest growing US port in the last five years." 👉 "The volume growth follows billions of dollars of supporting highway investment and now $1.4 billion in infrastructure projects, including $450 million for deepening and widening Norfolk’s main shipping channel. " 👉"1.7 million square feet of cross-dock capacity has sprung up around the port in the last two years, a mark of both the volume growth and the deepening of shippers’ supply chains through Virginia..." 👉 "Far more warehousing and distribution space serving the port is coming."

If you haven’t had the chance to view our latest report, there are exciting updates in the Charleston Industrial Sector from Q2 2024! Here are some key takeaways: 🏬 Charleston Market surpasses 90 million sq. ft. total market size. 🚢 South Carolina Ports and INTERNATIONAL LONGSHORESMEN'S ASSOCIATION reach agreement to reopen Hugh Leatherman terminal. 💰 Capital markets active with successful forward sale in Summerville. ➕ Q2 sees positive streak with 388,179 SF of #absorption. Download the report here: https://lnkd.in/exvYjW_d CBRE Industrial Charleston: Bob Barrineau, Brendan Redeyoff, Timothy Raber, SIOR, Joseph Velazquez, Autumn Delorey | #CBRE #CharlestonIndustrial #QuarterlyReport #IndustrialRealEstate #CommercialRealEstate #CharlestonSC #MarketUpdate #RealEstateNews #Logistics #PortOperations #EconomicGrowth #Q22024

Interesting insights on the growing demand for Industrial-Last Mile Distribution in Baltimore and throughout the East Coast markets. This article explores the strategic initiatives that are influencing the trajectory of port infrastructure in the region. East Coast U.S. seaports are on the brink of a transformative decade. Baltimore stands out with a significant $550 million investment from a public-private partnership in the Seagirt Marine Terminal, specifically geared towards efficiently handling consumer cargo from larger ships. Excitingly, the city is set to embark on constructing a new rolling cargo dock and establishing a state-of-the-art manufacturing hub, supported by a $47 million federal grant awarded in 2023, among other enhancements. These developments underscore a forward-looking approach to bolstering port capabilities and driving economic growth. Hyatt Commercial Real Estate #LastMileDistribution #PortInfrastructure #EastCoastDevelopment Carlos Waters. (2023). Why The Port Of Baltimore Is Getting A Makeover. CNBC. Retrieved December 17, 2023, from https://lnkd.in/e3QqWUxf

Happy to see loaded container volumes showing two consecutive quarters of annual growth and these numbers are not impacted significantly from Baltimore's Francis Scott Key Bridge incident which occurred late March. Also, a great indicator considering the contraction in 2023 volumes, that every major US port witnessed, started off with small losses on a percentage basis and peaked by the middle of the year indicating Q1 2023 volumes were not that far off 2022 record highs. Bulk demand in the Mid-Atlantic (tenant footprints greater than 400,000 s.f.) is reemerging as well as manufacturing requirements in the Mid-Atlantic's southern I-95 corridor. However, its important to note many recent bulk distribution requirements have been 3PL-based which often create a multiplying effect on demand since multiple groups are competing for a single contract in market. Nonetheless, a positive trend for Mid-Atlantic industrial and I remain cautiously optimistic along with several other local developers that broke ground on speculative product in Hampton Roads in Q2 2024. #PortofVirgnia #MidAtlantic #JLL #HamptonRoads #Seaports #Industrial #Richmond Gregg Christoffersen, Kristopher Kennedy, Muscoe Garnett, Adam Lawson, Jake Servinsky, Chris Avellana, Jimmy Appich, John Dettleff, Dan Coats, Abbot Wallenborn, Benjamin Caffey

Kansas City, with its strategic heartland location and access to major rivers, has long been a key hub for trade and distribution in the central United States. The region is currently experiencing a significant industrial boom, becoming a prime choice for warehousing, manufacturing, and distribution. This growth is largely driven by Kansas City's extensive multi-modal transportation network, underpinning its status as a leading center for commerce. If you have questions about the Kansas City area and or are interested in bringing your business to Kansas City, connect with us today!  #CommercialProperty #WarehouseSpace #IndustrialProperty #RealEstateInvestment #CommercialRealEstate #IndustrialHub #LogisticsRealEstate #ManufacturingSpace #IndustrialDevelopment

Gov. Wes Moore Announces New Port of Baltimore Cargo Records New Port of Baltimore records set in 2023 include: *52.3 million tons of foreign cargo (previous record was 44.2 million tons in 2019)  *$80.8 billion in foreign cargo value (previous record was $74.3 billion in 2022)  *1.3 million tons of roll on/roll off farm and construction machinery (previous record was 1.0 million tons in 2012)  *1.1 million Twenty-foot Equivalent Unit containers (previous record was 1.0 million in 2019)  *11.7 million tons of general cargo tons (previous record was 11.3 million tons in 2022) *847,158 cars and light trucks, more cars and light trucks than any other U.S. port for 13 consecutive years  https://lnkd.in/e_qSaagV #cargoshipping #supplychainexcellence #portofbaltimore Helen Delich Bentley Port of Baltimore #cargo #transportationindustry

🚚📦 Exciting times for Maryland: Conair LLC, renowned for its health and beauty products, is set to open the state's largest distribution center in Hagerstown. This development not only links Atlantic freight hubs but also brings 700 new job opportunities to the area. The center promises to enhance service responsiveness and business expansion. 📈 Maryland is also seeing other big names investing in the state. ➡️ What does #Conair’s expansion mean for Maryland’s economy and job market? ➡️ How will this distribution center impact the #logistics and consumer goods industry in the region? Stay tuned for more updates. Link to full article in comments 👇🔗 #BusinessNews #Delivery #FreightNews 🏭💼

No timeline for Baltimore port reopening following bridge collapse The Port of Baltimore remains closed indefinitely following a tragic incident involving a Maersk-chartered container ship colliding with the Francis Scott Key Bridge, causing its collapse and leaving several construction workers missing. With the port's closure, disruptions in supply chains are expected, particularly in roll-on, roll-off cargo handling. While alternative routes are being explored, including Wilmington, Philadelphia, and Norfolk, the impact on the US economy is projected to be limited, despite rerouted traffic and increased congestion. Efforts are underway for recovery and reconstruction, with President Biden pledging federal support. The timeline for port reopening remains uncertain, with ongoing search-and-rescue operations prioritizing human safety. https://lnkd.in/gKYb-ywq