PSS Distribution Services Monthly Newsletter
Aug 01, 2019
PSS Distribution and our partners at Provident Packaging cut the ribbon on a brand new Shrink Tech Systems TPI4 Wrapping Machine this July! This new piece of equipment will Increase our rate of production on plastic sealed bundles by 50%!! We also Invested In several upgrades that expand the machine’s capacity to handle larger and heavier cases than ever before as well the ability to print registered print shrink film. The touch screen panel can be programmed to save 10 different pre-sets to allow for a faster transition from one project to the next and reduce our project set-up and break down expenses. The speed and flexibility of this machine will allow us to take on more of the work we currently LOVE doing and also allow us to expand into new exciting projects!
Shrink Tech Systems TP14
Our RePack team is proud to offer a variety of value added services which allow PSS to be a comprehensive logistics solutions partner in our customer’s supply chain. Such services include shipper building, cluster packing, shrink wrapping, rainbow/variety packs, product reconfiguration, label/stencil creation and application, product kitting, frustration free packaging, eCommerce solutions and so much more! If your marketing team can dream it up, we want to help make it a reality. Please contact us to ask us about our value ad’s and our new machine!
New Jersey leads the pack in demand for industrial space.
Record low vacancy rates and sky high leases.
To get a sense of the current American economy, look no further than New Jersey warehouses. Industrial property demand In the Garden State outside the largest U.S. city, New York, Is a national leader so far this year.
It’s driven by deals with the biggest names in commercial real estate such as e-commerce giant Amazon and logistics specialist Prologis. New Jersey is a dominant player as warehouses adapt to the anticipated growth in the already rising amount of online shopping, according to analyses by Cushman & Wakefield, CoStar and Colliers International. “New Jersey industrial conditions remain among the strongest in the nation,” Andrew Judd, Cushman & Wakefield’s New Jersey market leader, said in a statement. “Growth in online sales and the need for next-day and same-day delivery persists for retailers.
This was a major driver In year-to-date leasing activity reaching its highest total in three years.” New Jersey leasing activity and the deliveries of build-to-suit warehouses – including facilities for Arizona Beverage Co., fast-fashion retailer H&M and small-appliance maker De’Longhl – helped push the vacancy rate to a record low of 3.3%, according to Cushman & Wakefield. CoStar’s most recent Industrial report for northern New Jersey put the region’s overall industrial vacancy rate at 4.6%. “Vacancies have steadily compressed since 2013, thanks to strong leasing demand and a shrinking inventory,” according to CoStar. “Historically high” asking rents of $9.27 per square foot for industrial space were recorded during the second quarter this year for the Garden State, Cushman & Wakefield said.
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In response to recent actions by FedEx, UPS is expanding their pickup and delivery hours.
By January 1st 2020 they will be operating a 7 day a week service. Both Carriers are expanding their network of retail partners that serve as pick up and drop off locations.
PSS DISTRIBUTION: Enterprise Mobility #We’re addicted to our phones
PSS Is moving to phase out the use of more traditional hand-held computer/scanners In favor of regular Android and Galaxy Cell Phones. The cell phones are faster, more adaptable, easier to navigate and 1/4th the cost of an old school Handheld Scanner!
NJ mandates minimum wage increase
Pressure on the labor market continues as NJ mandates minimum wage increases. To see how this could be affecting your local economy check out this video from NJ TV news.
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Questions or want to contribute to our next Newsletter? Email Jake Karr at JKarr@pssdist.com