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Chains suspend delivery of refrigerated food Staff writer, with CNA Several hypermarket and convenience store chains have temporarily suspended deliveries of frozen and chilled products, as delivery service providers face skyrocketing demand amid a COVID-19 outbreak. Among chains that announced service stoppages was Hi-Life International Co Ltd (萊爾富), which on Tuesday said that deliveries of the products via Taiwan Pelican Express Co (台灣宅配通) would be halted through Saturday. Hi-Life home deliveries by HCT Logistics Co (新竹物流) would be suspended until June 15, while those by SF Express Co (順豐速運) would be suspended indefinitely, the company said. A T-Cat employee sorts packages outside a delivery truck in Taipei yesterday. ....
Global Domestic Couriers Markets Report 2021 News provided by Share this article Share this article ResearchAndMarkets.com s offering. The global domestic couriers market is expected to grow from $36.48 billion in 2020 to $39.86 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. Major players in the domestic couriers market are, FedEx Corporation, United Parcel Service Inc., A-1 Express, SF Express Co. Ltd., UPS Limited, DHL Express, Yunda Holding Co., Ltd., Royal Mail and Japan Post Group. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $68.48 billion in 2025 at a CAGR of 14%. ....
Share this article Share this article NEW YORK, April 29, 2021 /PRNewswire/ W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced two industrial investments totaling $67 million and covering approximately 580,600 square feet. The investments comprise operationally-critical properties triple-net leased to industry-leading tenants with a weighted-average lease term of approximately 13.5 years. The investments include:
$53 million acquisition of a 487,600-square-foot logistics site comprising two high-quality buildings net leased to Comprehensive Logistics Co., LLC, a leading third-party logistics provider for the automotive and other industrial industries. The company serves numerous OEM and Tier I clients, including Ford, General Motors, Paccar and General Electric Appliance. The highly-fungible site is located in a supply ....