Moving up to taller buildings is what developers are hoping will attract eCommerce organizations. They are building multi-story warehouses (WSJ story, limited reads per month) maximizing capacity in tight square footage. Buildings like this are already built around the world, so it seems we are catching up. This shift in planning is driven by quick delivery – the hot topic with all retail operations because it shortens delivery expenses (not to mention time).
NEXT Trucking raises funds
NEXT Trucking was able to raise funds for its next round of the startup, based in Los Angeles, counts 15,000 drivers on its platform, and 60 in-house employees. They have been able to raise around 27 million, as quoted in KBC Channel “most of which arrived via its series B round last January, and with another $97 million in the bank it plans to “accelerate product innovation,” which includes bringing a new product called Relay to market.” Relay is being developed as a product to ease congestion at ports. “The logistics space is under more pressure than ever before — with more shipments coming into our ports than drivers and warehouses have the capacity to manage,” noted Next CEO, Lidia Yan. “We look forward to bringing new innovations to market to address this issue head-on and growing our team with the best and brightest technology talent in Southern California.”