February Logistics Snapshot

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

Logistics Snapshot

  • U.S. exports of goods and services reached a record $2.2 trillion in 2012. Exports in 2012 outpaced the growth in imports for the first time since 2007. Exports as a share of U.S. GDP were 13.9% in 2012 . (Source: BLS)
  • Intermodal container volumes hit a record high in 2012 with 13.1 million moves, a 5.9% increase year-over-year. Domestic container shipments topped 5 million for the first time, reflecting a growth rate of 12.2% over 2011 activity. International containers accounted for 52% of the total volume. (Source: IANA | intermodal.org)
  • Saia, the Georgia-based truck carrier, reported a 2012 profit of $32 million, jumping 181.8% from $11.4 million in 2011. Yearly revenue was $1.1 billion, up 6.7% from $1 billion the previous year.
  • Import volume through major U.S. container ports is expected to increase 8.5% in February. (Source: NRF/Hackett Associates)
  • In December, housing starts rose 12.1% to an annual rate of 954,000 units, the fastest growth since June 2008.

…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

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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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