Skip to content
Search AI Powered

Latest Stories

CMA CGM funds warehouse for food aid groups

Company’s charitable foundation will equip the 55,000-square foot French facility and cover half its operating costs.

warehouse filled with pallets and racks

French freight anad logistics giant CMA CGM has opened a “Solidarity Warehouse” to support food aid organizations and meal distribution centers and will pay for much of the project through its charitable CMA CGM Foundation, the company said today.

Located in the company’s headquarters city of Marseille, the facility offers 54,000 square feet of storage space with the capacity to handle 3,200 tons of food. It also offers 5,400 square feet of office space, and 3,800 square feet of cold storage chambers that can accommodate 300 pallets of fresh and frozen products.


It will function as a shared space for five organizations: Restos du Cœur, the French Red Cross, Secours Populaire, ANDES, and Secours Catholique. While maintaining their unique missions, those organizations can pool their efforts to deliver more effective aid, particularly in the realm of food assistance, the company said.

CMA CGM’s Foundation will cover the full cost of equipping the warehouse and 50% of its annual operating costs. The partner organizations contribute 20%, based on the space they occupy, while the remaining 30% is funded by the State (via the Prefecture of Bouches-du-Rhône), the Provence-Alpes-Côte d’Azur Region, and the City of Marseille, through subsidies provided to the organizations.

"The CMA CGM Foundation has been working with French food aid organizations for several years. These organizations are currently facing an increase in demand and a lack of resources, particularly for the storage, transport and distribution of food,” Tanya Saadé Zeenny, President of the CMA CGM Foundation, said in a release. “The Solidarity Warehouse will optimize storage space, improve working conditions for volunteers, and make the distribution of food aid more efficient. This is a true social innovation and a significant investment that makes this facility unique in its technology, its relevance and, most importantly, its usefulness."

More Stories

chart of warehouse vacancy rates

Colliers: warehouse construction rates return to pre-pandemic levels

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.

Keep ReadingShow less
instawork screen cap of warehouse worker profile

3PL LVK will partner with Instawork to find warehouse labor

The third-party logistics provider (3PL) LVK will partner with Instawork, whose app connects hourly professionals with local jobs, with the partners saying the move will answer a structural shortage of warehouse workers.

The deal will work by integrating LVK’s warehouse operations software with Instawork's network of vetted hourly workers, creating a lever to scale up warehouse operations across North America, they said.

Keep ReadingShow less
chart of industrial real estate warehouse leases

CBRE: 2024 saw rise in leases of “mega distribution centers”

The industrial real estate market saw a significant increase in leases of “mega distribution centers” measuring 1 million square feet or more in 2024, according to a report from CBRE analyzing last year’s 100 largest industrial & logistics leases.

Occupiers signed leases for 49 such mega distribution centers last year, up from 43 in 2023. However, the 2023 total had marked the first decline in the number of mega distribution center leases, which grew sharply during the pandemic and peaked at 61 in 2022.

Keep ReadingShow less
chart of rent rates

Logistics real estate rents dropped in 2024 after decade of growth

Global logistics real estate rents drooped in 2024 as an overheated market reset after years of outperformance, according to a report from real estate giant Prologis.

By the numbers, global logistics real estate rents declined by 5% last year as market conditions “normalized” after historic growth during the pandemic. After more than a decade overall of consistent growth, the change was driven by rising real estate vacancy rates up in most markets, Prologis said. The three causes for that condition included an influx of new building supply, coupled with positive but subdued demand, and uncertainty about conditions in the economic, financial market, and supply chain sectors.

Keep ReadingShow less
chart of cargo theft activity in 2024

Cargo theft activity set new highs in 2024

Cargo theft activity across the United States and Canada reached unprecedented levels in 2024, with 3,625 reported incidents representing a stark 27% increase from 2023, according to an annual analysis from CargoNet.

The estimated average value per theft also rose, reaching $202,364, up from $187,895 in 2023. And the increase was persistent, as each quarter of 2024 surpassed previous records set in 2023.

Keep ReadingShow less