Logistics Market Snapshot – June Edition

Martijn Graat
Martijn Graat

GEORGIA125Each 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:

June Logistics Market Snapshot
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U.S. shippers on average expect their volume to rise 3.6% over the coming year, the highest forecast since 2010. Railcar and intermodal growth is expected to drive total freight volume, expanding 5% over the next 12 months. Domestic ground and ocean shipping traffic will increase between 3% and 4% during the same period.
(Source: Wolfe Research)

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Manufacturers expect sales to increase by 4.1% and their workforce to grow by 1.7% over the next 12 months. They plan to increase capital investment by 2.3%. Nearly 86% of manufacturers have a positive business outlook.  Attracting and retaining a quality work force was the third-biggest business challenge cited by manufacturers. (Source: National Association of Manufacturers)

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The president’s signing of the Water Resources Reform and Development Act of 2014 has authorized construction for the Savannah Harbor Expansion Project (SHEP). The State of Georgia will develop an agreement with the U.S. Army Corps of Engineers over the next 90 days to define how the costs of the project, estimated at $706 million, will be shared between the state and federal government. Georgia has already set aside $266 million towards construction and will be able to begin construction this year.

(Read full press release from the Georgia Ports Authority HERE)

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The Georgia Ports Authority moved 2.52 million tons of cargo in April, a 4.6% increase over the same month last year. Container traffic reached 266,930 TEUs during the month, a 3.1% increase and the highest April on record. Break-bulk cargo also saw the largest increase during the month of April, improving by 26.4% to reach 232,834 tons.  (Source: Georgia Ports Authority)

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In April, housing starts rose 13.2% to an annual rate of 1,072,000 units. Building permits (an indicator of future housing starts) rose 8.0% to an annual rate of 1,080,000. Year-over-year, housing starts and building permits in April increased 26.4% and 3.8%, respectively.
(Source: U.S. DOC)

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