Despite a decline in US warehouse demand, rents are escalating due to constricted new capacity and stringent lending norms, with Prologis predicting a 10% increase this year; at the same time, building starts have fallen dramatically and available capital has reduced, due to the weakened market and high-interest rates.
Plus: holiday trucking shutdowns, a broker liability bill facing pushback, DOT threatening funding over failed CDL audits, and more in today’s newsletter.
Plus: a Wyoming pipeline blast snarls a key freight corridor, brokers double down on U.S.–Mexico, truckload hauls shrink to record lows, and more in today’s newsletter.
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