August Logistics Market Snapshot

We just received the July edition of the monthly Logistics Market Snapshot from our friends at the Georgia Center of Innovation for Logistics.

Please download your free .PDF copy directly from our website HERE. As always, below are some encouraging statistics:

  • New automobile sales surged in June to a pace of 16 million annualized units, the strongest monthly activity since 2007. The auto companies said overall sales in the United States grew 14% during July to 1.3 million vehicles. In July GM, Ford, and Chrysler experienced increases of 16%, 11%, and 11% year-over-year, respectively. (Source: Autodata Corporation)
  • General Motors has announced its intention to reduce material and logistics costs in North America by $1 billion by 2016. The company is planning to reduce costs by bringing suppliers closer to assembly plants, extending rail lines directly to its facilities.
  • Net absorption in the U.S. during Q2 2013 totaled +26.67 million square feet. Atlanta's was the second-highest in the U.S. with +3 million square feet. Absorption totaled more than +10.9 million square feet in the South alone. (Source: Cassidy Turley)
  • The trucking industry gained 6,300 jobs in July after posting a loss of 3,500 in June. The trucking workforce increased 0.45% over the previous month and increased 2.3% over the previous year. (Source: U.S. Bureau of Labor Statistics)
  • The unemployment rate in America decreased to 7.4% in July 2013 as there were 162,000 net new jobs. July's unemployment rate was the lowest since December 2008. (Source: US DOL)

For more information, visit the Georgia Center of Innovation for Logistics website.

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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