The Business Journals - Week of April 25, 2022

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AWARD WINNING EDITORIAL

INCLUDING THE HUDSON VALLEY APRIL 25, 2022 VOL. 58, No. 17

westfaironline.com

REAL ESTATE FIRM LOOKS NORTH FROM WHITE PLAINS BY PETER KATZ

View of Saugerties Plaza shopping center.

Pkatz@westfairinc.com

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White Plains-based commercial real estate brokerage and advisory firm that has an established track record handling properties in Westchester, Connecticut and other metro-New York areas recently has been developing business further north in the Hudson Valley. The Oak & Avery Group in April arranged three transactions involving retail and multifamily residential properties totaling $9,375,000 in Ulster County. Oak & Avery’s President Anthony Watkins and Vice President David Algarin represented both the buyers and sellers in the transac-

REAL ESTATE

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XPO Logistics’ Brad Jacobs considers the state of the disrupted supply chain BY PHIL HALL Phall@westfairinc.com

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he endless skein of issues that has fed the ongoing supply chain disruptions was in the spotlight when Brad Jacobs, CEO of Greenwich-headquartered XPO Logistics, gave a recent virtual presentation for the Economic Club of New York. Jacobs highlighted the dif-

ferent metrics used to measure the ebb and flow of the supply chain, and he noted all of these metrics continue to point to great challenges. “In the supply chain, if you look at truckload rates — the price to transport a full truckload of freight from point A to point B — they’re down 30%,” Jacobs said. “That tells you there’s been a shift in supply and demand, where now suddenly

there’s significantly less demand and more supply. They’re still elevated prices and it’s still a healthy environment, but it’s not as strong as it was 30 days ago. “And another statistic that you look at would be the loadto-truck ratio — that’s how many shipments are there for every truck that’s available,” he added. “That was about 11:1 just a few months ago, and now that’s down to 4:1, so there’s only four

shipments out there looking for a truck when there used to be 11 shipments looking for a truck.” Jacobs also highlighted tender rejection rates, where shippers go down a routing guide list of alternate carriers if the preferred carrier declines a job. “You can look at tender rejection rates to know how tight the market is,” he said. “Tender rejection rates are down by 11% year-over-year, and they were

down only about 4% a few months ago.” Jacobs noted that a few signs might be pointing to an improvement in the supply chain disruptions: the backlog of vessels outside of the Los Angeles-Long Beach area, the main West Coast port of entry, has declined from 100 in February to 33 earlier this month, while more people are applying for driver jobs. But

BRAD JACOBS

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