Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Industrial  | 
Logitsics tech is a growing component of the larger TD&L sector in Chicago

Chicago’s Logistics Tech Sector Positioned for Continued Growth 

Chicago’s logistics tech industry—a component of the larger transportation, distribution and logistics (TD&L) sector—is showing formidable growth, World Business Chicago reported. A new report from the economic development agency says there has been an 802% increase in logistics tech growth capital since 2019 in the Chicago area, stemming from an upsurge in e-commerce, the global supply chain crisis, and increased demand for emerging and accelerated tech like blockchain. 

The logistics tech sector has spawned more than 100 companies employing more than 34,000 people, the report says. 

“Chicago is the center of the American logistics universe,” said Will Kerr, president, Edge Logistics. “The Chicago logistics and logistics technology community has led the charge in new ideas for decades.  

“The rest of the nation is noticing what is being built here in Chicago every day and the investments are pouring in,” he continued. 

Pictured: Corwith Intermodal facility on Chicago’s Southwest Side. Photo credit: formulanone from Huntsville, United States/Wikipedia.

Connect

Inside The Story

World Business Chicago

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy