b'24American Journal ofTransportation ajot.comWAREHOUSING & DISTRIBUTION 2024 PortCity Logistics: Delivering much more than freightCommitment to customers and growth prove keys to success for Georgia 3PL.By Brenda Silva, AJOTAstechnologyandtradeparty logistics company (3PL), lanes continue to expand, so do thetheirsuccessisntbased challenges that face the logisticssolely on new technology. It industry.Whencomparedalso comes from the age-old tohistorictransportationofmethod of taking the time to freightfrompointAtopointbuildandmaintaincustomer B,todayslogisticscompaniesrelationships and provide clients areoftenconfrontedbymorewiththestreamlinedsupply modernandtime-consumingchain solutions that they need problems.Delaysrelatedto a practice the company has Seattle-Georgetown warehouse facility infrastructureconstructionasadheredtosincetheybegan wellasbottlenecksatportsoperation in 2001.Industrial warehousing on the risealongwithvarioustypesd isruPtions& d eliVeriesofstaffingandtechnology Investing in warehousing is on the rise as the need for more space to supportissuesare being consistentlyAccording to Eric Howell, supply chain operations increases. blamed for increased shippingCEOatPortCityLogistics, costs and decreased companyacknowledging the challenges By Chris Barnett, AJOT profits. As such, some logistics(DELIVERINGcontinued on companiesthatareeagertopage 26)In only a few industries do rivals do ongoingindustrial properties from the seller when thegrow are unable to do so, due business with each other. One involves industrialdeal closes.to financial limitations that are warehouselandlordswhichseemtoswapEQTExeter,whichisalsoaglobalforcing them to postpone their assets continually. On May 29, Philadelphia- industrialpropertyinvestorlikePrologis,isplans for expansion.headquartered EQT Exeter, the global propertyaggressively acquiring US industrial warehouseAmong logistics companies investmentmanagementunitofStockholm properties and portfolios. In March, it boughtthat are currently looking to based EQT AB, the third largest private equitya450,000squarefootindustrialwarehouseincreasetheirclienteleand firm in the world, said it is acquiring 20 bulk,in Georgetown, Texas, for $60.9 million. Therelatedbottomline,creating lightindustrialandlastmilewarehouses106-door building, completed in 2023, is fullynewandinnovativesolutions covering five million square feet throughoutoccupied by GAF Energy LLC, a solar roofingtoexistingindustryissues Minneapolis-St. Paul from Prologis. The dealproducer, on a long-term lease.A month later,may seem like the answer to forwhatPrologistermstheAssemblage,EQTExeterboughtanew,vacant641,906success. However, at PortCity calls for EQT Exeter to buy an additional four(RISEcontinued on page 28) Logistics, a well-known third- Eric Howell, PortCity Logistics CEOSERVING THE PORTS OFNY/NJ, BALTIMORE, & PHILADELPHIA C O M M I T T E D T OA N E L E V A T E D L E V E LO F S U S T A I N A B L I T YDRAYAGETRANSLOADING COMPETITIVE RATES PORT OF NY/NJ LOCATIONZERO EMISSIONS TRUCKSLOW EMISSIONS MODERN FLEETPROVIDING INNOVATIVE & SUPERIOR SERVICE 2050 SINCE [email protected](973) 465-5310Best Transportation LLC, 263 Distribution Street, Port Newark,NJ'