Cooling demand increases warehousing vacancies, with rents inching down
Cooling demand has ended the long run of increasing warehousing costs and nudged the average ...
DHL is venturing back to the US market with a $137m investment in e-commerce. It plans to build eight new distribution centres and expand two existing facilities, allowing retailers to stock faster for online sales. The decision to invest in more cross-border package deliveries was aided by a rule change that allows Americans to import up to $800-worth of goods from overseas with no tax or import duties. DHL has recently put $1.3m into a service centre in Chicago, as well as a $35m distribution centre for its global forwarding arm.
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