Kevin Turner, SIOR, GLS
Ports and Transportation Update Outlines Sector’s Transition and Opportunities
The goods distribution industry is in a state of controlled disruption, according to a mid-year update on North American ports and transportation published by Cushman & Wakefield’s Ports and Intermodal Practice Group. “Ship – Shore – To Your Front Door” outlines that sector’s ongoing transition and the resulting opportunities.
Well-documented challenges and shifts, such as marine terminal closures, driver shortages, new ocean carrier alliances, Panama Canal issues and others have created an increasingly complex environment. Yet according to Cushman & Wakefield’s Kevin Turner, SIOR, GLS, who leads the ports/intermodal practice group, across the supply chain there is light at the end of the tunnel.
“Times are changing,” he noted, “Stakeholders are charting a new way forward with automation, supply chain transparency, new port labor contracts, technological advances, congressional support and stabilizing fuel costs.Occupiers and landlords are positioning with logistics partners to increase pro?ts and delivery metrics, alleviating supply chain bottlenecks with scalable real estate solutions.”
The report features over-the-road, intermodal and ocean carrier news and statistics. Highlights include an overview of the first automated marine port operation at Long Beach Container Terminal, and an in-depth look at the emergence of inland ports as engines of development nationwide. These “logistics hubs” combine containerized rail intermodal and trucking interchange with warehousing and distribution activity – offering virtually everything found at a seaport except for ships and salt water.
The full report is accessible at http://bit.ly/2aO0mJp.
The Ports and Intermodal Practice Group is part of Cushman & Wakefield’s industrial brokerage platform, which provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2014 globally, the industrial group completed more than 8,200 industrial lease and sale transactions, including Capital Markets transactions, totaling nearly 337 million square feet with an aggregate value in excess of $16.8 billion.
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
