Current Events in the World of Industrial Property
Logistics Companies Are Gearing Up For The Holidays!
21 Sep 2011 |
Posted by griffin | 0 Comment.
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UPS is projecting one of the strongest holiday peak shipping seasons ever. “The parcel giant expects to handle 58 million tracking requests on its busiest day during this year’s holiday season despite a shaky economy and high unemployment.”1“It’s likely this peak season will be bigger than last year”, chief marketing officer Alan Gershenhorn said Wednesday.1
Strong online sales are good news for the industrial real estate sector and the economy. Tenants like UPS and FedEx depend on regional distribution warehouses to distribute goods efficiently to customers.
As long as merchandise needs to be distributed to consumers, service providers will rely on warehouse space to house these products.
Sources:
1 – The Journal of Commerce. Article by Dana Brundage (http://www.joc.com/parcel-package/ups-expects-one-its-best-peak-seasons)
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