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Warehouse Space Seen Running Out in Canada by the End of 2021

Warehouse Space Seen Running Out in Canada by the End of 2021
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Canada May Run Out of Warehouse Space This Year

Canada May Run Out of Warehouse Space This Year
A Rogers Sugar Inc. facility in Vancouver, B.C. Landlords in Canada may have to consider converting retail and office buildings into logistics hubs. (James MacDonald/Bloomberg News)
Canada is in danger of running out of warehouse space by the end of the year, thanks to the boom in e-commerce sparked by the pandemic.
While a near-record 26.1 million square feet of logistics real estate is under construction, much of it is already leased, according to a report released April 6 by commercial-property brokerage CBRE Ltd. And with vacancy rates for existing warehouses at historic lows, it soon may become nearly impossible for businesses to find places to store their goods. ....

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Warehouse Space Seen Running Out in Canada by the End of 2021

Warehouse Space Seen Running Out in Canada by the End of 2021
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.

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Market movers: Stock seeing action on Thursday - and why

Market movers: Stock seeing action on Thursday - and why
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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Cargojet to fly 2 more freighters for Amazon in Canada

Cargojet to fly 2 more freighters for Amazon in Canada
New report says Amazon Air now operating 143 flights per day
Cargojet has expanded its partnership with Amazon. (Photo: Flickr/Luc Verkuringen CC BY-SA 2.0)
Amazon (NASDAQ: AMZN) has placed two self-owned Boeing 767-300 freighter aircraft with Ontario-based Cargojet (TSX: CJT) as it continues to expand its air network. Cargojet announced Monday that the converted cargo aircraft will enter service in Canada by midyear under a four-year contract, with three successive two-year renewal options.
The new contract expands Cargojet’s existing arrangement with Amazon Canada Fulfillment Services to provide express delivery services within Canada. ....

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