We’re working on a few things… presentations, papers, and blog posts. Many of us are traveling for business and a few trips are even for pleasure this summer. We hope you are making plans to relax, have fun and spend time with friends and family, too.
Wall Street Journal’s Dana Mattioli and Jennifer Smith report thatPrologis Inc. is shoring up it’s portfolio with its agreement to buy DCT Industrial Trust Inc. in an $8.4 billion stock-for-stock transaction. DCT is small – about 1/10 of the size of Prologis, (world’s biggest manager of distribution centers and other logistics properties). Quoting the article title on the WJS’s daily Logistics Report is “strong demand for logistics proprieties fueled by the e-commerce boom is triggering upheaval in the commercial real-estate sector.” Be sure to sign up for their report, here.
AgWeb has a short Bloomberg report on Blockchain Technology Enters Shipping Sector. AgWeb reports, “The key, as in so many other industries, from oil tankers to cryptocurrencies, is blockchain, the electronic ledger system that allows transactions to be verified autonomously. And the benefits wouldn’t be confined to shipping. Improving communications and border administration using blockchain could generate an additional $1 trillion in global trade, according to the World Economic Forum.”
As of September 8, 2020, Crimson & Co (formerly The Progress Group/TPG) has rebranded as Argon & Co following the successful merger with Argon Consulting in April 2018.