Latest news with #Lineage
Business Wire
12 hours ago
- Business
- Business Wire
Lineage Streamlines Import Process with Newly Certified Customs Bonded Warehouse Space in Seattle
NOVI, Mich.--(BUSINESS WIRE)--Lineage, Inc. (NASDAQ: LINE) (the 'Company'), the world's largest global temperature-controlled warehouse REIT, today announced that its Seattle – Garfield facility, located at the Port of Seattle, is now an approved Class 3 Public bonded storage facility. This is Lineage's first customs bonded facility in the state of Washington and one of the first refrigerated storage facilities with customs bonded space in the Seattle market. With this new certification, the site is now better equipped to help customers navigate the complexities of international logistics, enabling greater precision, flexibility and ease by providing safe temperature-controlled storage of imported goods under U.S. Customs and Border Protection (CBP) supervision until they are cleared for domestic commerce or re-export. These services provide a crucial gateway for temperature-sensitive imports arriving via the Port of Seattle. Located at 2001 W Garfield Street on Pier 90, Lineage's Seattle – Garfield facility offers cold storage, drayage, temperature-controlled rail and on-demand trucking. The new customs bonded warehousing service complements the site's existing USDA and FDA inspections, drayage and intermodal services, strengthening Lineage's ability to help make the import process easier and more streamlined for customers. 'Our certified customs bonded warehouse space in Seattle marks an exciting milestone for Lineage, reflecting our commitment to anticipate and meet customer needs in a dynamic global trade environment,' said Brian Beattie, President, North America West, at Lineage. 'By expanding our import service capabilities in a critical hub for global trade, we aim to offer our customers greater flexibility to respond to shifting market conditions while maintaining compliance and protecting product integrity.' The Seattle – Garfield facility joins Lineage's growing network of bonded warehouses and I-Houses in key markets across the U.S. strategically positioned for global connectivity. The company now operates 10 bonded warehouse locations and 42 USDA-approved I-House facilities nationwide, streamlining both regulatory compliance and import logistics for food shippers. To learn more about Lineage's global facility network and integrated transportation solutions, visit About Lineage Lineage, Inc. (NASDAQ: LINE) is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at and join us on LinkedIn, Facebook, Instagram, and X. Forward Looking Statements Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage's use of forward-looking terminology such as 'may,' 'will,' 'expect,' 'intend,' 'anticipate,' 'estimate,' 'believe,' 'continue,' 'seek,' 'objective,' 'goal,' 'strategy,' 'plan,' 'focus,' 'priority,' 'should,' 'could,' 'potential,' 'possible,' 'look forward,' 'optimistic,' or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage's performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.
Korea Herald
3 days ago
- Health
- Korea Herald
Can Korea's gaming industry win big under new president?
President Lee Jae-myung's pro-gaming stance boosts hopes for nation's gaming industry, but its policy impact remains uncertain Once a global powerhouse in online and mobile gaming with legacy titles like MapleStory and Lineage, South Korea's gaming industry has seen its international influence wane in recent years. But with the election of a new president who champions gaming, the industry may be poised for a turnaround. President Lee Jae-myung has positioned himself as a vocal advocate for the country's game developers and players. His pro-gaming stance has sparked cautious optimism in some corners of the industry, though it remains to be seen whether his campaign rhetoric will result in actionable policy. 'In the past, by classifying games as an addictive substance, Korea, once a leading nation in gaming, was overtaken by China,' Lee said during a May 17 esports event. '(I think) it's important not to treat games like drugs.' Lee has repeatedly cited gaming as a key pillar of Korea's content economy. His campaign promises included a slate of initiatives to revitalize the sector by increasing the budget for a game-focused parent fund, loosening regulatory constraints, supporting international expansion and bolstering the domestic indie game ecosystem. Notably, he also pledged to delay adding gaming disorder to the nation's official disease classification system — a particularly contentious issue given ongoing debates over how to address youth gaming addiction. The final decision on whether gaming disorder will receive official medical recognition is expected to hinge on the 10th revision of the Korean Standard Classification of Diseases, due by year's end. Still, the president's remarks and pledges have already drawn positive reactions from developers and players alike. "If the policies that President Lee has proposed are implemented, the competitiveness of Korea's gaming industry will be further strengthened, especially the decision to postpone the disease code classification and delegate regulation duties to private-sector for game ratings," said an official from a local game production company, speaking on condition of anonymity. 'All this time, the mainstream view was that games are harmful or something to be controlled for addiction issues, but now it feels incredibly moving to see that we're entering an era where games are being seen as a future industry,' said Lee Byung-joon, a gamer in his 20s. Yet for many in the industry, optimism is tempered by experience. 'President Lee is among the most motivated leaders we've seen to actively support the nation's gaming industry, but a lot of pledges from politicians have fallen apart in the past, so it's too early to be completely optimistic,' said an official from a local video game publisher. 'Also, the pledges are a bit vague right now. Since policy direction tends to be fluid in the early stages of a new administration, a concrete implementation roadmap for up-to-date, trendy policies is necessary to build trust." Over the past decade, South Korea's gaming dominance has eroded. A combination of rising international competition and internal controversy has contributed to the downturn, with the rapid ascent of Chinese gaming firms, buoyed by aggressive government support and a series of strategic overseas acquisitions, being pointed to as one of the key factors. On the home front, local game developers have been plagued by consumer distrust following a string of scandals involving misleading odds disclosures. At the policy level, inconsistent government support and debates on classifying gaming addiction as a medical condition have been pointed out as other factors that further strain the industry.
Daily Record
4 days ago
- Business
- Daily Record
Debenhams slashes £780 crystal watch down to £81 that gives a 'look of luxury'
'Best looking watch I've ever had' A timeless watch that makes a statement can be hard to come by without breaking the bank. While it can be nice to treat yourself to an expensive watch as a reward for all your hard work saving, it may be worth having a look at watches going for a reduced rate. For those who love a high end, luxury timepiece, Debenhams have a massive sale on watches that has seen thousands of accessories getting discounts over 70 per cent. In fact, one crystal watch has been given an almost £700 discount. The STÜHRLING Original Lineage Ladies Quartz 31mm Watch is one of Debenhams most popular watches, and it usually retails for £780. However, savvy shoppers can now snatch up one of the stunning watches in the range for only £81.75 after a whopping 90 per cent discount. With a case size of 31mm, this Lineage watch boasts a sleek polish and ultra-thin profile that will seamlessly compliment any outfit. However, what makes this gorgeous timepiece stand out is its obelisk-style hands and crystal markers that are perfectly framed in a jeweled bezel. Powered by the Miyota 2115 Japanese quartz movement, this stunning watch is not only attractive but practical as it will keep its user on time no matter the occasion. Finished off with a 16mm stainless steel link bracelet, Debenhams says this watch will equip shoppers with "supreme comfort and sharp looks". Shoppers will also be happy to find that the timeless watch comes in six different colourways. The retailer is selling a rose gold edition, as well as two different two-toned bracelets. Alternatively, shoppers can choose a silver bracelet with either a blue, silver or black dial. STÜHRLING Original Lineage Ladies Quartz 31mm Watch £780 £81.75 Debenhams Buy Now Product Description Another beautiful watch in the Debenhams sale is the STÜHRLING Original Deauville Sport Dress Watch. Usually retailing for £570, shoppers can currently grab it for the much more affordable price of a £63.75. Equipped with a unique strap, this watch is perfect for both day and night events. Alternatively, for fans of a rose gold watch, Ernest Jones has knocked £120 off the Michael Kors Kacie Watch. Normally retailing for £239, watch lovers can now buy this watch for £119 in the sale. With a rose gold bracelet, the dial also features rose gold Roman Numerals and hands. Back to the popular Lineage watch, Debenhams shoppers have given the timepiece a 4.3 star rating. While many shoppers praised the accessory for its price and design, a few did note that they needed to get the bracelet resized once it had arrived. One delighted customer said: "Lovely item and a great price. Looks fab on and even though the wrist strap is slightly big I'm leaving it as I like it loose like a bracelet." With another five-star reviewer adding: "Stunning watch, needed a few links of, but is so comfortable to wear and is beautiful, can't get over the price." A few other people also commented that they needed to get links removed for the watch to fit. One shopper said: "The strap is a little big for me but a jeweller could adjust this. Really like this watch." Fashion deal of the week Fashion fans looking for a dress that will standout at all their summer events will need to hear about this one from Roman. The high street chain's Royal Blue Rose Print Button Detail Maxi Dress, hailed as "perfect for the warmer seasons", is now on sale for £35 after being dropped from £48 - saving 27 percent overall. With its "stunning" all-over rose print and modest midaxi length hemline, this particular frock will look perfect at any fancy occasions this season. Since it offers a bold design, we'd advise pairing it with nude-coloured heels and neutral accessories. The flowy, comfortable woven fabric and short sleeves make it an ideal airy choice for when the temperatures rise again. It also features a chic V-neckline, alongside a shirred waistline that will 'cinch' in the figure for a flattering effect. Complete with buttons down the front, the high street firm also advises pairing its £35 sale dress with a denim jacket on those summer days when the weather is a little bit chillier. Beloved for its vibrant and bold style, one five-star review read: "One of the five-star reviews read: "This dress is amazing. I've had so many compliments. "Lovely Silky material, floor length and such vibrant colours and so easy to just wash and wear. Suitable for weddings and occasions or just perfect for holidays and summer days. A real head turner... Love it." Someone else added: "Another pleased purchaser wrote: "Just love this dress, lovely colours, beautiful material, perfect for my upcoming holiday." Roman's Royal Blue Rose Print Button Detail Maxi Dress is just £35 in the sale now. Another issue shoppers mentioned was the delivery: "I am the proud owner of a beautiful watch which (eventually) arrived in a lovely presentation box. It also came with its authentication card. It has a look of luxury. I gave four stars, purely because it took longer than I expected to arrive but Customer Service kept me well updated. Thank you." Despite this, one happy shopper gushed: "Very please with my watch it looks stunning. Best looking watch I've ever had." While a sixth customer wrote: "My wife likes this watch. No numbers just crystals which she likes, and is nice to look at. Looks like a very expensive watch." For those wanting to buy the STÜHRLING Original Lineage Ladies Quartz 31mm Watch, visit Debenhams now. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'.
Business Wire
10-06-2025
- Business
- Business Wire
Securities Fraud Investigation Into Lineage, Inc. (LINE) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Lineage, Inc. ('Lineage' or the 'Company') (NASDAQ: LINE) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON LINEAGE, INC. (LINE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On April 30, 2025, Lineage reported first quarter 2025 financial results, including that '[t]otal revenue decreased (2.7)%' to $1.29 billion for the quarter. The Company stated it 'experienced more normal seasonal trends in the first quarter after multiple years of elevated inventory levels.' On this news, Lineage's stock price fell $8.26, or 14.62%, to close at $48.23 per share on April 30, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us. Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@ Telephone: 310-201-9150 (Toll-Free: 888-773-9224) Visit our website at Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice Persons with non-public information regarding Lineage should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@ About Glancy Prongay & Murray LLP Glancy Prongay & Murray LLP ('GPM') is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
06-06-2025
- Business
- Yahoo
Kargo Raises $18M to Set New Industry Standards for Inventory Management
Global supply chain leader Armada makes its first strategic investment in Kargo after successful implementation of AI solution across its national network of warehouse hubs SAN FRANCISCO, June 06, 2025--(BUSINESS WIRE)--Kargo, a leader in industrial artificial intelligence (AI) technology, announced an $18.4 million investment led by Matter Venture Partners, with participation from previous investors Sozo Ventures and Founders Fund, as well as existing customers and new strategic investors Lineage and Armada Supply Chain Solutions, LLC. Kargo also announced the successful rollout of its computer vision solution at 240 Armada dock doors to automate inventory management across the food supply chain provider's national network of warehouse hubs. "Comprehensive, proprietary data is the key to unlocking the full potential of AI. Kargo has become the trusted provider of inventory data to leading global supply chains. AI plays a critical role in supply chain integrity and we're helping customers across industries build their AI stack to connect their warehouses, back offices and customers," said Sam Lurye, founder and CEO of Kargo. "This capital investment enables Kargo to develop new products that connect supply chain data and rapidly expand our customer base." Kargo provides Kargo Towers and Kargo Lifts, integrated hardware and software solutions that automate freight data capture and verification. Kargo Towers are installed at warehouse loading docks or gateways, and use AI-powered cameras to gather information on freight labels, cases and product condition. Kargo's LLM structures the image data into coherent inventory information to flag exceptions (i.e. overages, shortages, damage or compliance concerns) in real-time. The Kargo Lift is purpose-built for forklifts and automated guided vehicles (AGVs) and extends Kargo's AI capabilities to a new vantage point. By providing visual proof of the contents and condition of every pallet, Kargo supplies customers with accurate and timely inventory data. This deep technical moat has resulted in: 7x YoY Customer Growth: serving 25 customers, including Armada, Tyson, Lineage, Tillamook, Utz, Wayne Sanderson, Aurobindo, DB Schenker, and NFI. Currently, Kargo manages over 500 active towers and forklifts in the field. $200M of Inventory Processed Daily: handling approximately 20,000 pallets per day and 2M scans per week. 215% NRR: customers are quick to adopt, adapt and act on increased visibility to valuable supply chain data, typically doubling Kargo hardware deployments within the first year. 47 days from signature to go-live: Kargo's platform is built on the principles of rapid time-to-value and no change management. Kargo doesn't rely on customers' infrastructure to install their products, introducing minimal change to existing processes. "Kargo played a critical role in our ability to successfully implement AI in a meaningful way. We were live in under a month, significantly enhancing our inventory management. Our clients – predominantly large, multi-unit restaurant companies – benefited almost immediately from increased accuracy and traceability." said Rick Rover, President of Armada's warehouse division. "Our commitment to reliability, agility, and resilience ensures exceptional service that consistently benefits our clients." "Kargo is redefining how supply chains operate by making freight data visible, reliable, and actionable at scale," said Haomiao Huang, Founding Partner at Matter Venture Partners. "Their rapid customer adoption, real-world impact, and deep technical moat make them a category-defining company in logistics AI. We're proud to back Kargo as they build the modern infrastructure layer for the physical economy. About KargoKargo's mission is to create a universal interpreter for supply chains by using computer vision to connect the physical world of freight to the digital systems used to manage it. Kargo believes that applications of artificial intelligence like this are critical to a more efficient future for logistics. The Kargo system verifies all inbound and outbound freight in real-time, aggregating data, ensuring accuracy, and providing visibility that enables efficient warehouse operations and supply chain management. Kargo was founded in 2019 and is headquartered in San Francisco. To learn more, visit: About Matter Venture PartnersMatter Venture Partners is a venture capital firm dedicated to accelerating HardTech innovation—reshaping industries like semiconductors, robotics, AI infrastructure, and electrification. As experienced founders and investors, Matter combines capital with deep technical and operational expertise to help startups scale. The firm partners with strategic LPs and leverages a global supply chain network to support founders from early product-market fit through industrial-scale growth. Matter raised a $311 million inaugural fund in 2023 and is headquartered in Palo Alto, California. To learn more, visit: About ArmadaArmada Supply Chain Solutions creates innovative, data-driven, fully integrated supply chain solutions that improve business performance for our clients, enabling them to serve their customers best. We deliver supply chain solutions with extraordinary service, powered by technology, driven by analytics, operating at scale. We are revolutionizing the way supply chains are managed by creating resilient and agile networks to manage the challenges of today's market. Armada believes there's a better way – a better way rooted in transparency, advocacy, and ingenuity. To learn more, visit: View source version on Contacts Media Contact Julie Bishopjulie@
