Logistics operators based in Asia have been leasing more warehouses in the U.S. in response to changes in e-commerce, global trade and manufacturing.
Other industrial real estate watchers see the rise of 3PLs not so much as a reaction to the de minimus rule as a response to the successful growth of global e-commerce retailers, especially those based in Asia, and those companies investing in infrastructure to expand their market share in the U.S.
NEW YORK -- Chinese warehouse operators are expanding leasing in the U.S., driven by flourishing cross-border e-commerce and an uncertain future for duty-free treatment of low-cost packages.
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Logistics operators based in Asia have been leasing more warehouses in the United States in response to changes in e-commerce, global trade and manufacturing. Third-party logistics firms ...