Warehouse Giant Seeing Insatiable Demand From Amazon, Walmart
An employee pulls a pallet jack carrying plastic crates containing online orders at an Amazon.com fulfillment center.
Photographer: Bess Adler/BloombergThis article is for subscribers only.
Prologis Inc., the largest owner of warehouses in the U.S., is getting a boost as social-distancing pushes consumers deeper into the embrace of e-commerce.
Companies including Amazon.com Inc. and Walmart Inc. have an “almost insatiable” appetite for more warehouse space, Chief Executive Officer Hamid Moghadam said in an interview on Tuesday.