Each month the Georgia Center of Innovation for Logistics publishes a Logistics Market Snapshot with key Logistics and Supply Chain figures and statistics. Included are several Multimodal, Trucking, Rail, Air, and Ocean Freight Indexes, Industrial Vacancy and Rent Rates and general economic indexes. Over the past months the figures have been improving and the economy is getting stronger. We are seeing similar positive developments in Europe.
Some selected encouraging statistics:
- The construction market for
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domestic transportation infrastructure is expected to grow to $135.8 billion next year, a 5% increase over 2013.
- More than 1.6 million TEU’s of new ocean freight capacity are scheduled for delivery in 2014, possibly making 2014 a record-breaking year for capacity.
- U.S. auto sales in 2013 rose 7.6% over the previous year to 15.6 million autos. Ford’s U.S. sales totaled about 2.5 million vehicles, accounting for a 10.8% increase, the largest of any other automaker in 2013. Nissan and Chrysler increased sales more than 9% while sales for Toyota and General Motors rose 7.4% and 7.3%, respectively. U.S. auto sales are expected to rise to 16.5 million vehicles in 2014.
- Intermodal rail traffic in December 2013 was 8% higher than in December 2012. Intermodal loadings have experienced year-over-year gains for 48 straight months, and for all of 2013, U.S. rail intermodal volume totaled a record-breaking 12.8 million containers and trailers, up 4.6% over 2012.
- More than 1.6 million TEU’s of new capacity are scheduled for delivery in the upcoming year, possibly making 2014 a record-breaking year for capacity.
- The U.S. trade deficit decreased by 12.9% in November to $34.3 billion, the lowest trade deficit since October 2009.
- Year-over-year, housing starts and building permits in November increased 29.6% and 7.9%, respectively.