Lineage Logistics Raises $1.6 Billion in New Equity to Drive Business Growth and Support Further Investment in Technology and Automation

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Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.6 billion in equity from new and existing strategic partners. Participating investors include Oxford Properties Group (“Oxford Properties”), BentallGreenOak, D1 Capital Partners, Cohen & Steers, OPTrust, CenterSquare Investment Management, and investment funds managed by Morgan Stanley Tactical Value, among others.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005331/en/

“This significant investment — from both new and existing investors — is validation of our business model, our innovative strategy and our plans to continue expanding our footprint as the world’s largest temperature-controlled warehousing and logistics company,” said Greg Lehmkuhl, President and CEO of Lineage. “As we reimagine the food supply chain and execute on our company purpose to eliminate waste

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BHEL to partner with AP in skill development drive

New Delhi: Industries minister Mekapati Goutham Reddy said Bharat Heavy Electrical Limited (BJEL) agreed in principle to set up BHEL Centre of Excellence in Andhra Pradesh.

According to a statement issued by his office on Friday, the minister requested BHEL chairman and managing director (CMD) Nalin Singhal to partner in awarding skill certificates by the state government and BHEL to the students who completed school education. Singhal responded positively and said they would partner in skill development and support ITI colleges in the state. Goutham Reddy said the entrepreneur programme will start under the auspices of BHEL, and invited the public sector unit to set up one solar panels plant in each district.

The minister also met Niti Aayog chief executive officer (CEO) Amitab Kant and sought cooperation in upcoming 30 skill development colleges in the state. The minister said the main sources for revenue in the state are agriculture

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Google Drive is currently down for education customers

Google Drive is currently facing an outage that prevents education customers from accessing their files and folders. Downdetector reports suggest that the issues began sometime at 9:30AM ET and have since increased. Multiple users have also taken to Twitter to report the issues.

The problems seem to be affecting users mostly in the U.S. since most reports seem to be coming from that country. Most users report being unable to access files on their education account, but there seems to be no impact on regular G Suite users or Enterprise customers. The G Suite Status dashboard, however, does not flag outages to any of Google’s services. However, the Google for Education Twitter account has acknowledged that the company is investigating the incident.

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First Quantum advances local employment, skills development drive in Zambia

Highlighting the success of copper, gold and zinc miner First Quantum Minerals (FQM) in actively recruiting locals from within the North-Western province in Zambia, its Kansanshi mine employed 72 locals in July.

The mine is also investing in the training of the new employees.

The company reports that a comprehensive skills development programme is improving operations in its projects.

Besides creating local employment opportunities, the mine is providing training opportunities for local economic empowerment and an improved skills base.

FQM Kansanshi Foundation social responsibility manager Bruce Lewis says that, through its job centre, FQM is helping people find work through services such as job-hunting programmes and applying for internal vacancies.

He adds that local community members on the mining firm’s database are screened based on attitude, aptitude and against pre-qualification criteria for yearly vocational training opportunities offered through the Kansanshi Foundation to enable them to take on more skilled roles.

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Homeschooling: Coronavirus fears drive rise in unconventional approach

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  • Homeschooling is on the rise in the UK as uncertainties around the reopening of schools has left some parents feeling like they need to take matters into their own hands.
  • A recent poll found that 30% of UK parents were not planning to send their children back to school, of which 91% said they would continue with homeschooling for the foreseeable future.
  • Reasons for homeschooling vary, whether its fears that schools aren’t opening or because children find it easier to work from home.
  • Professional tutoring and homeschooling groups have also seen a rise in interest, with one group telling Business Insider that there’s been a “surge in demand” since March that has continued into September.
  • But while there’s an uptick in homeschooling interest, there is little guidance and support from the government.
  • Parents often feel anxious about the responsibilities of teaching their children.
  • Visit Business Insider’s homepage for more stories.
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