Since its beta launch in August 2017, Warehouse Exchange has grown from a regional Southern California solution to serving major markets in the East Coast and Midwest regions.
LOS ANGELES (PRWEB) November 29, 2017
Warehouse Exchange, the first digital marketplace connecting outsourced storage buyers and sellers, announces a strategic partnership with Associated Warehouses Inc. The partnership will increase the Warehouse Exchange network of facilities and introduce the startup to new markets.
“Our partnership with AWI is strong evidence that the warehousing industry needs a digital marketplace,” said Jonathan Rosenthal, CEO and Chairman of Warehouse Exchange. “Warehouse Exchange lets buyers and sellers of space and services transact instantly, matching demand to supply with complete transparency.”
Since its beta launch in August 2017, Warehouse Exchange has grown from a regional Southern California solution to serving major markets in the East Coast and Midwest regions. Using AWI’s network, Warehouse Exchange customers will now have access to over 50 top-tier logistics companies with more than 100 million square feet of storage space and a variety of value-added services.
“On average 30% of warehouse capacity in the US goes unused. With our partnership with AWI we hope to increase utilization of existing capacities and start to bring balance to the warehousing ecosystem,” said Jonathan Rosenthal.
From AWI’s perspective, the organization is constantly looking for new technologies and industry disruptors. Partnerships with companies like Warehouse Exchange ensure that third-party warehousing companies within the AWI network can access cutting-edge technologies and innovations to stay competitive in an ever-changing industry.
“Part of our mission is to help maximize the utilization of AWI member facilities. We believe a trusted digital marketplace like Warehouse Exchange will help the companies who are part of the AWI network connect with more customers and efficiently manage capacity over time,” said Mark Richards, Vice President at Associated Warehouses, Inc.
About Warehouse Exchange
Warehouse Exchange is the virtual place for space. The company provides an automated warehousing marketplace for outsourced storage and distribution needs, matching shippers and operators in real time. Buyers compare options to find the ideal space. Sellers dynamically publish their space to maximize their utilization. The experience for both parties is seamless. The company was founded in 2015 and is based in Los Angeles, California.
About Associated Warehouses, Inc. (“AWI”)
Associated Warehouses, Inc. (AWI) is a consortium of regional 3PL or outsourced distribution and logistics services companies located throughout the US, Canada, and Europe. Combined, these companies operate over 500 shared and contract warehousing facilities with more than 110 million square feet of ambient, temperature controlled and frozen space. Companies who are part of the AWI network offer distribution and fulfillment, transportation, consolidation, packaging, assembly, and other value added services.