Industrial Distribution and Supply Chain Planned Investment Soars in October 2022 to 208 Projects in U.S. and Canada

IMI SalesLeads announced today the October 2022 results for the new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 208 new projects in October compared to 166 projects in September, a 2022 year high in the Distribution and Supply Chain sector.

The following are selected highlights on new Distribution Center and Warehouse construction news.

Distribution and Supply Chain - By Project Type

          Distribution/Fulfillment Centers - 28 New Projects

          Industrial Warehouse - 180 New Projects

Distribution and Supply Chain- By Project Scope/Activity

          New Construction - 121 New Projects

          Expansion - 47 New Projects

          Renovations/Equipment Upgrades - 36 New Projects

          Closing - 9 New Projects

Distribution and Supply Chain - By Project Location (Top 5 States)

          Texas - 19

          California - 14

          Florida - 12

          Indiana - 11

          Ohio - 11  

Largest Planned Project

During the month of October, our research team identified 13 new Distribution and Supply Chain facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Burlington Northern Santa Fe Railway, who is investing $1.5 billion for the construction of a 4,500-acre intermodal facility and warehouse complex in BARSTOW, CA. They are currently seeking approval for the project.

Top 10 Tracked Distribution and Supply Chain Project Opportunities

Virginia:

Toy mfr. is planning to invest $1 billion for the construction of a 1.7 million sf manufacturing and warehouse facility at 1400 Meadowville Rd. in CHESTERFIELD, VA. The project includes the renovation of a warehouse and office facility at 1600 Ruffin Mill Rd.in SOUTH CHESTERFIELD, VA. Completion is slated for 2025.

Alabama:

Investment firm is planning to invest $600 million for the construction of a 1.7 million sf processing, distribution, and laboratory complex in MONTGOMERY, AL. They have recently received approval for the project. Completion is slated for 2025.

Georgia:

Cold storage warehousing and logistics company is planning to invest $333 million for the construction of a distribution center in MCDONOUGH, GA. They have recently received approval for the project.

Ohio:

Startup battery recycling company is planning to invest $200 million for the expansion of their warehouse in LANCASTER, OH. They are currently seeking approval for the project.

Kentucky:

Global shipping company is planning to invest $155 million for the construction of a 1 million sf distribution center in LOUISVILLE, KY. They are also planning to invest $178 million for the construction of a 1 million sf distribution center in BULLITT COUNTY, KY. They are currently seeking approval for the project.

Georgia:

Building materials mfr. is planning to invest $150 million for a 500,000 sf expansion of their manufacturing and warehouse facility in MACON, GA. They are currently seeking approval for the project.

Wyoming:

Federal military agency is planning to invest $140 million for the construction of an aircraft complex at Francis E. Warren Air Force Base in CHEYENNE, WY. They have recently received approval for the project. Completion is slated for Spring 2025. 

Florida:

Aerospace company is planning to invest $115 million for the construction of a 175,000 sf hangar, warehouse, and service complex at Melbourne Orlando International Airport in MELBOURNE, FL. Construction is expected to start in Spring 2023, with completion slated for late 2024.

Texas:

Automotive mfr. is planning to invest $114 million for the construction of a distribution facility in FREEPORT, TX. Construction is expected to start in late 2022. They will consolidate their MIDLOTHIAN, TX and HOUSTON, TX operations upon completion in early 2024. 

Virginia:

Home improvement retail chain is planning to invest $75 million for the construction of a 1.5 million sf distribution center on Enterprise Drive in SUFFOLK, VA. They have recently received approval for the project.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

• Industrial Manufacturing
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