Skip to content
Search AI Powered

Latest Stories

Ryder expands Chicago-area footprint

Logistics and transportation provider to open 10th multi-client DC in the region, serving CPG customers.

Ryder_Warehouse_Ops_Truck_Forklift_Hires.jpg

Logistics and transportation company Ryder System, Inc. is expanding in the Chicago area, adding its 10th multi-client distribution center (DC) in the region, the company said Wednesday.


Located in North Aurora, Ill., the 550,000 square-foot facility will mainly serve shippers of consumer-packaged goods, including food and beverage, health and beauty, and household products, as well as general retail merchandise, the company also said.

The DC is scheduled to open in early January.

“The multi-client warehouse expands our footprint in a key distribution hub, which is a one- to two-day drive from about half of the U.S. population,” Darin Cooprider, senior vice president of consumer-packaged goods for Ryder, said in a press release. “Chicagoland also has a dense labor force, and with other Ryder warehouse operations nearby, we can offer the flexibility customers often need to manage seasonal and market changes.”

The facility joins Ryder’s network of nine multi-client and eight dedicated-customer warehouses in the greater Chicago area as part of its acquisition of Midwest Warehouse & Distribution System late last year.

The facility will feature 54 cross-dock positions, 162 trailer stalls, access to area railroad ramps, ambient temperature controls, and food-grade certification. Ryder said it plans to recruit for approximately 100 positions to support the warehouse operations.

Recent

More Stories

screen shot of AI chat box

Accenture and Microsoft launch business AI unit

In a move to meet rising demand for AI transformation, Accenture and Microsoft are launching a copilot business transformation practice to help organizations reinvent their business functions with both generative and agentic AI and with Copilot technologies.


The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.

Keep ReadingShow less

Featured

holiday shopping mall

Consumer sales kept ticking in October, NRF says

Retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, according to a National Retail Federation (NRF) analysis of U.S. Census Bureau data.

Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.

Keep ReadingShow less
chart of sectors leasing warehouse space

3PLs claim growing share of large industrial leases, CBRE says

Third-party logistics (3PL) providers’ share of large real estate leases across the U.S. rose significantly through the third quarter of 2024 compared to the same time last year, as more retailers and wholesalers have been outsourcing their warehouse and distribution operations to 3PLs, according to a report from real estate firm CBRE.

Specifically, 3PLs’ share of bulk industrial leasing activity—covering leases of 100,000 square feet or more—rose to 34.1% through Q3 of this year from 30.6% through Q3 last year. By raw numbers, 3PLs have accounted for 498 bulk leases so far this year, up by 9% from the 457 at this time last year.

Keep ReadingShow less
chart of global supply chain capacity

Suppliers report spare capacity for fourth straight month

Factory demand weakened across global economies in October, resulting in one of the highest levels of spare capacity at suppliers in over a year, according to a report from the New Jersey-based procurement and supply chain solutions provider GEP.

That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.

Keep ReadingShow less
employees working together at office

Small e-com firms struggle to find enough investment cash

Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.

Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.

Keep ReadingShow less