The CEO of Prologis believes Prologis Inc.'s CEO sees uncontrollable geopolitical challenges hindering its short- to medium-term prospects in the logistics sector. Prologis' business remains strong, with steady demand and diversification across verticals, said Hamid Moghadam at a conference. According to him, supply is moderating even further as rising interest...
Over 25% more trucks are using Texas’ toll roads.
Texas' toll roads: According to the company that operates Texas State Highway 130, truck traffic on the public-private thoroughfare in the Lone Star State increased by 26% last year to 3.2 million transactions. Rise in Total Vehicle Transactions SH 130 Concession Co. recorded 11.42 million vehicle transactions last year, a...
The freight rail industry plans its next steps to make things safer.
The freight rail industry has laid out the next steps it will take to improve rail safety, such as installing about 1,000 new detectors along the tracks and making it easier for first responders to talk to them. The freight rail industry is taking these steps in response to recent...