August Logistics Market Snapshot

We just received the August Logistics Market Snapshot from the Georgia Center of Innovation for Logistics. Below are some encouraging statistics from the report:

1) The overall vacancy rate of warehouses and DC’s across the U.S. is now at the lowest rate since 2008. Declining to 9.3% at the end of the Q2 as demand picked up around the Country's ocean ports and inland ports over Q1. (Cushman & Wakefield and Journal of Commerce)

2) According to the NRF, Imported containerized cargo volume for retail products at major U.S. container ports is expected to increase 6.3% in August over the same period last year.

3) Building permits in July 2012 were up 6.8% over June, and up 29.5% from July 2011. Housing starts in July 2012 were also up 21.5% from July 2011.

4) Transportation employment increased more than 1.9% year-over-year in July and added about 6,900 employees, including:

- Trucking employment grew by 3,100 jobs in July, up 3.3% year-over-year.

- Water transport sector added 1,100 jobs, up 1.7% over June and up 9.8% year-over-year.

- The railroads added 611 new jobs in June, up 2.4% over 2011.

- Also… Manufacturing employment spiked by 25,000 of which 20,500 jobs were from transportation equipment producers.(More than double most economists’ forecasts!)

...Visit www.georgialogistics.com to read the rest of the report and sign up for updates.

About the Georgia Center of Innovation for Logistics

The Center of Innovation for Logistics is the leading statewide resource for fueling logistics industry growth and global competitiveness. The Center directly helps companies to overcome challenges and capitalize on opportunities related to the movement of freight. We provide focused expertise, specific industry data, connections to state resources, and an extensive cross-sector industry network. The Center is an industry focused component of the Georgia Department of Economic Development (GDEcD) and has main offices in Savannah and Atlanta, but has activity in all parts of the State. The Center represents all segments of the logistics industry and provides a unique platform for companies to network, address industry issues and share knowledge. Simply put, the Center is a catalyst to help logistics-enabled businesses connect, compete and grow.

Posted by LeanCor Supply Chain Group

LeanCor Supply Chain Group is a trusted supply chain partner that specializes in lean principles to deliver operational improvement. LeanCor’s three integrated divisions – LeanCor Training and Education, LeanCor Consulting, and LeanCor Logistics – help organizations eliminate waste, drive down costs, and build a culture of continuous improvement.

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