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. Please find a few encouraging statistics of this month’s edition below:
According to a study by KPMG, Atlanta is the least-costly location to do business among the 31 largest U.S. metro areas. The study measured 26 key cost components in each market. Atlanta has the lowest transportation and factory lease costs, and the lowest effective corporate income tax rate of any large U.S. city.
(Source: KPMG, CompetitiveAlternatives.com)
The Georgia Ports Authority achieved its highest month on record in March, moving 2.61 million tons of cargo, a 15.5% increase year-over-year. The Port of Savannah moved 260,539 TEUs in March 2014, a 12% increase over the same month last year. (Source: GPA)
Intermodal rail traffic in March 2014 was 9.9% higher than in March 2013, and rose 1.8% from February 2014. Intermodal loadings have experienced year-over-year gains for 52 straight months. (Source: AAR.org)
Net absorption in the U.S. during Q4 2013 totaled over +52.5 million square feet. Atlanta’s overall absorption during the 4Q was 1.33 million square feet. Savannah’s overall absorption during the 4Q was 1.52 million square feet. For the year, Atlanta registered the fourth-highest absorption rate in the country, with +10.7 million square feet. (Source: Colliers International)