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🤝 Third time's the charm for Prologis

📆 The week that was

📰 The reading line

🗣️ Quote of the week

Prologis is nearing a £14 billion ($18.7 billion) acquisition of Segro after Segro's board approved Prologis' third bid for the London REIT.

Why it matters: Acquiring the British warehouse developer would more than quadruple the SF-based industrial real estate giant's presence in the U.K.

Prologis owns 35.3 million square feet in the U.K., while Segro boasts 117 million.

Catch up quick: Segro's board flipped after rebuffing earlier takeover offers that were 3.9% and 9.5% lower, respectively, than the best-and-final bid.

What's next: Segro plans to recommend the offer to shareholders and extend its deadline to Aug. 12.

1 big thing: 🤝 Third time's the charm for Prologis

Illustration of a warehouse scanner with abstract shapes and pieces of money.

Canadian National agreed not to oppose Union Pacific's merger with Norfolk Southern in exchange for new operating rights. Go deeper

Regulators ordered Union Pacific and Norfolk Southern to disclose how their proposed merger would affect employees. Go deeper

Quadient, a Paris-based communications automation firm, launched a strategic review of its 28,000 parcel lockers. Go deeper

Ossprey, a London-based software supply chain security startup, raised $2.65m in pre-seed funding. Episode 1 Ventures led, joined by Osney Capital and Octopus Ventures. Go deeper

BasicBlock, a Lincoln, Neb.-based truck cargo payments platform, acquired TrueNorth Technologies, an SF-based fleet logistics company that raised nearly $73m from 137 Ventures, Fifth Down Capital and Flexport. Go deeper

Penske Corp. and Mitsui proposed a buyout of the Penske Automotive Group in a deal that could be worth $3.78b. Go deeper

Herb Yeh was named CFO and chief strategy officer at Ottawa, Ontario-based supply chain management software firm Kinaxis (TSE: KXS). He was previously a senior managing director at Evercore. Go deeper

2. 📆 The week that was

Animated illustration of two railroad tracks coming from the left and right of the screen, meeting in an S shape. A straight track comes from the top of the screen to make a dollar sign.

🇺🇸 Trump rebuilds trade regime with new tariffs on global trading partners (Axios)

🚛 Forward Air deal retains at least half of $250M major client account (Trucking Dive)

🧑‍⚖️ C.H. Robinson hit with huge nuclear verdict in a post-Montgomery world (FreightWaves)

🚂 Union Pacific posts record financial results, raises outlook (Trains)

🥬 Taylor Farms lettuce didn't contain parasite behind diarrhea outbreak, FDA says (Supply Chain Dive)

3. 📰 The reading line

Illustration of a giraffe wearing reading glasses and reading its phone.

"I don't see a whole bunch of things that are sitting on the platter."

— Jim Vena, Union Pacific CEO, regarding additional agreements with other railroads to remove opposition to the Norfolk Southern merger

4. 🗣️ Quote of the week

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⛓️ Supply chain weekly

July 25, 2026

1 big thing: 🤝 Third time's the charm for Prologis