TexAmericas Center Announces 67-Acre Rail-Adjacent Qualified Site Ready for Development
TexAmericas Center announced today its Alamo Site has been qualified as “Shovel-Ready,” prepared to be certified, and is well-suited for large industrial development.The 67-acre Alamo Site is rail-served, greenfield development site on TAC East
TexAmericas Center Announces 67-Acre Rail-Adjacent Qualified Site Ready for Development
Alamo Site well-suited for large industrial development on TAC East Campus Texarkana, USA (Feb. 7, 2024)
– TexAmericas Center (TAC), which owns and operates the 3rd ranked industrial park and is one of the largest mixed-use industrial parks in the United States, announced today its Alamo Site has been qualified as “Shovel-Ready,” prepared to be certified, and is well-suited for large industrial development. The 67-acre Alamo Site is a near shovel-ready, rail-served, greenfield development site situated on the TexAmericas Center East Campus (TAC East). The site is located at the west side of Cass Street at the intersection of Oak and Cass streets, adjacent to a rail spur. This industrial portion of the site requires the extension of all utilities and road improvements, a distance of about 0.25 miles from the existing right-of-way on Cass Avenue. All utilities have excess industrial capacities. The commercial mixed-use portion of the site is fully shovel-ready. Previously, this property was a wooded buffer area separating a former industrial tract from adjacent roadways and other land uses on the former U.S. Army facility. It can accommodate an up to 750,000 square foot building with hundreds of employees while the commercial area can accommodate over 200,000 square feet of flex product.
A rail siding currently runs along the north and west boundary of the Alamo Site, which connects with a 350-railcar classification yard and provides the ability to receive or deliver unit trains to the UP line that serves the site. Additional switches can be added, if needed, for rail-served activities within the site. The north and south rail lines could be connected to form a loop tack. “The Alamo Site provides not only convenient rail access, spotting and storage for companies that need it, but also easy access to multiple utilities and logistics options – both Union Pacific (UP) rail and major interstates – as well as suitable soil for construction with the capacity to accommodate larger industrial development projects,” said TexAmericas CEO Scott Norton. Last year, TAC launched its Qualified Sites Program (QSP) that is intended to improve on its brand promise of Speed-to-Market and Speed-to-Profit for companies interested in locating on its 12,000-acre industrial park in Northeast Texas. TAC intends to pre-qualify all of its property through this standardized process to ensure the sites can meet the requirements of industry. The organization already offers tools such as expedited permitting and fast-track construction programs; working with a qualified site that is “shovel-ready” can shave months off of a development schedule. The time-savings is a valuable commodity.
Through the QSP, an on-staff Professional Engineer (PE) and economic development professional, each with exceptional knowledge of company needs, grades a specific site for how well suited it is for industrial or commercial development based upon various site selection characteristics. Those characteristics include proximity to transportation infrastructure; access to utilities including electrical, natural gas, fiber, water and sewer; soil testing for condition and characteristics; title oversight; and other site selection due diligence standards.
“We aim to make the site selection process as smooth as possible, and TAC’s Qualified Sites Program is becoming an integral part of providing prospective tenants with the necessary information to make an informed decision,” said Eric Voyles, executive vice president and chief economic development officer at TAC. “Through this program, our team provides all of the information prospective tenants, commercial real estate agents and site search consultants need when looking for their ideal site – all free of charge.” Certified Sites have become an important part of the site selection process, and because TAC is self-certifying its sites the organization is calling its product a “qualified” site,” meaning that they have assembled all the information on the site and it is capable of being certified. The QSP serves as an honest, realistic assessment of the developability, quality, and type of shovel-ready sites available today at TAC. The broader goals are to create a high standard for the inventory of available sites, filling an identified market gap, in the greater Texarkana industrial and commercial marketplace.
The program is spearheaded by TAC Executive Vice President/Chief Operations Officer Jeff Whitten, P.E. at TAC. Whitten is responsible for day-to-day operations, property maintenance, and procurement and management of all real and personal property. He is also heavily involved with the planning and management of the retrofit of existing buildings and development of new facilities for the purpose of transaction or lease for job creation.
Having worked with a growing engineering firm in the Dallas/Fort Worth area, been a municipal public works director, and operated his own engineering firm, Jeff brings nearly 30 years of experience in both the public and private sectors. You can find the full qualified report on the Alamo Site here. You can learn more about the TAC Qualified Site Program here.
About TexAmericas Center Located on the Texas side of the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed-use industrial parks in the United States. With roughly 12,000 development-ready acres of land and approximately 3.5 million square feet of commercial and industrial product, TexAmericas Center services four states (Arkansas, Louisiana, Oklahoma, and Texas).
For four consecutive years, Business Facilities magazine has ranked TexAmericas Center among the top 10 industrial parks in the country, most recently ranked No. 3 in 2023. (#5 for 2022).
It’s getting a little easier to find warehouse space in the U.S., as the frantic construction pace of recent years declined to pre-pandemic levels in the fourth quarter of 2024, in line with rising vacancies, according to a report from real estate firm Colliers.
Those trends played out as the gap between new building supply and tenants’ demand narrowed during 2024, the firm said in its “U.S. Industrial Market Outlook Report / Q4 2024.” By the numbers, developers delivered 400 million square feet for the year, 34% below the record 607 million square feet completed in 2023. And net absorption, a key measure of demand, declined by 27%, to 168 million square feet.
Consequently, the U.S. industrial vacancy rate rose by 126 basis points, to 6.8%, as construction activity normalized at year-end to pre-pandemic levels of below 300 million square feet. With supply and demand nearing equilibrium in 2025, the vacancy rate is expected to peak at around 7% before starting to fall again.
Thanks to those market conditions, renters of warehouse space should begin to see some relief from the steep rent hikes they’re seen in recent years. According to Colliers, rent growth decelerated in 2024 after nine consecutive quarters of year-over-year increases surpassing 10%. Average warehouse and distribution rents rose by 5% to $10.12/SF triple net, and rents in some markets actually declined following a period of unprecedented growth when increases often exceeded 25% year-over-year. As the market adjusts, rents are projected to stabilize in 2025, rising between 2% and 5%, in line with historical averages.
In 2024, there were 125 new occupancies of 500,000 square feet or more, led by third-party logistics (3PL) providers, followed by manufacturing companies. Demand peaked in the fourth quarter at 53 million square feet, while the first quarter had the lowest activity at 28 million square feet — the lowest quarterly tally since 2012.
In its economic outlook for the future, Colliers said the U.S. economy remains strong by most measures; with low unemployment, consumer spending surpassing expectations, positive GDP growth, and signs of improvement in manufacturing. However businesses still face challenges including persistent inflation, the lowest hiring rate since 2010, and uncertainties surrounding tariffs, migration, and policies introduced by the new Trump Administration.
Both shippers and carriers feel growing urgency for the logistics industry to agree on a common standard for key performance indicators (KPIs), as the sector’s benchmarks have continued to evolve since the COVID-19 pandemic, according to research from freight brokerage RXO.
The feeling is nearly universal, with 87% of shippers and 90% of carriers agreeing that there should be set KPI industry standards, up from 78% and 74% respectively in 2022, according to results from “The Logistics Professional’s Guide to KPIs,” an RXO research study conducted in collaboration with third-party research firm Qualtrics.
"Managing supply chain data is incredibly important, but it’s not easy. What technology to use, which metrics to track, where to set benchmarks, how to leverage data to drive action – modern logistics professionals grapple with all these challenges,” Ben Steffes, VP of Solutions & Strategy at RXO, said in a release.
Additional results from the survey showed that shippers are more data-driven than they were in the past; 86% of shippers reference their logistics KPIs at least weekly (up from 79% in 2022), and 45% of shippers reference them daily (up from 32% in 2022).
Despite that sharpened focus, performance benchmarks have become slightly more lenient, the survey showed. Industry performance standards for core transportation KPIs—such as on-time performance, payables, and tender acceptance—are generally consistent with 2022, but the underlying data shows a tendency to be a bit more forgiving, RXO said.
One solution is to be a shipper-of-choice for your chosen carriers. That strategy can enable better rates and more capacity, as RXO found 95% of carriers said inefficient shipping practices impact the rates they give to shippers, and 99% of carriers take a shipper’s KPI expectations into account before agreeing to move a shipment.
“KPIs are essential for effective supply chain management and continuous improvement, and they’re always evolving,” Steffes said. “Shifts in consumer demand and an influx of technology are driving this change, in combination with the dynamic and fragmented nature of the freight market. To optimize performance, businesses need consistent measurement and reporting. We released this study to help shippers and carriers benchmark their standards against how their peers approach KPIs today.”
Supply chain technology firm Manhattan Associates, which is known for its “tier one” warehouse, transportation, and labor management software products, says that CEO Eddie Capel will retire tomorrow after 25 total years at the California company, including 12 as its top executive.
Capel originally joined Manhattan in 2000, and, after serving in various operations and technology roles, became its chief operating officer (COO) in 2011 and its president and CEO in 2013.
He will continue to serve Manhattan in the role of Executive Vice-Chairman of the Board, assisting with the CEO transition and special projects. Capel will be succeeded in the corner officer by Eric Clark, who has been serving as CEO of NTT Data North America, the U.S. arm of the Japan-based tech services firm.
Texas-based NTT Data North America says its services include business and technology consulting, data and artificial intelligence, and industry solutions, as well as the development, implementation and management of applications, infrastructure, and connectivity.
Clark comes to his new role after joining NTT in 2018 and becoming CEO in 2022. Earlier in his career, he had held senior leadership positions with ServiceNow, Dell, Hewlett Packard Enterprise, Arthur Andersen Business Consulting, Ernst & Young and Bank of America.
“This is an ideal time for a CEO transition,” Capel said in a release. “Our company is in an exceptionally strong position strategically, competitively, operationally and financially. I want to thank our management team and our entire workforce, which is second to none, for their hard work and dedication to our mission of advancing global commerce through advanced technology. I look forward to working closely with Eric and continuing to contribute to our product vision, interacting with our customers and partners, and ensuring the growth and success of Manhattan Associates.”
The Japanese logistics company SG Holdings today announced its acquisition of Morrison Express, a Taipei, Taiwan-based global freight forwarding and logistics service provider specializing in semiconductor and high-tech logistics.
The deal will “significantly” expand SG’s Asian market presence and strengthen its position in specialized logistics services, the Kyoto-based company said.
According to SG, there is minimal overlap between the two firms, as Morrison Express’ strength in air freight and high-tech verticals in its freight forwarding business will be complementary with SG’s freight forwarding arm, EFL Global, which focuses on ocean freight forwarding and commercial verticals like apparel and daily sundries.
In addition, the combined entity offers an expanded geographic reach, which will support closer proximity to customers and ensure more responsive support and service delivery. SG said its customers will benefit from end-to-end supply chain solutions spanning air, ocean, rail, and road freight, complemented by tailored solutions that leverage Morrison's strong supplier and partner relationships in the technology sector.
The growth of electric vehicles (EVs) is likely to stagnate in 2025 due to headwinds created by uncertainty about the future of federal EV incentives, possible tariffs on both EV and gasoline-powered vehicles, relaxed federal emissions and mileage standards, and ongoing challenges with the public charging network, according to a report from J.D. Power.
Specifically, J.D. Power projects that total EV retail share will hold steady in 2025 at 9.1% of the market, or 1.2 million vehicles sold. Longer term, the new forecast calls for the EV market to reach 26% retail share by 2030, which is approximately half of the market share the Biden administration targeted in its climate agenda.
A major reason for that flat result will be the Trump Administration’s intention to end the $7,500 federal Clean Vehicle Tax Credit, which has played a major role in incentivizing current EV owners to purchase or lease an EV, J.D. Power says.
Even as EV manufacturers and consumers adjust to those new dynamics, the electric car market will continue to change under their feet. Whereas the early days of the EV market were defined by premium segment vehicles, that growth trend has now shifted to the mass market segment where franchise EV sales rose 58% in 2024, reaching a total of 376,000 units. That success came after mainstream franchise EV sales accounted for just 0.8% of total EV market share in 2021. In 2024, that number rose to 2.9%, as EVs from the likes of Chevrolet, Ford, Honda, Hyundai and Kia surged in popularity, the report said.
This growth in the mass market segment—along with federal and state incentives—has also helped make EVs cheaper than comparable gas-powered vehicles, J.D. Power found. On average, at the end of 2024, the average cost of a battery-electric vehicle (BEV) was $44,400, which is $1,000 less than a comparable gas-powered vehicle, inclusive of hybrids and plugin hybrids. While that balance may change if federal tax incentives are removed, the trend toward EVs being a lower cost option has correlated with increases in sales, which will be an important factor for manufacturers to consider as they confront the current marketplace.