Logistics Market Snapshot – July 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:

July Logistics Market Snapshot
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CNBC has named Georgia as the #1 place for business in the nation! Georgia’s best category, its workforce, was tops in the nation for the third year in a row. Georgia ties for first in logistics and infrastructure with America’s busiest passenger airport and fourth busiest seaport.

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The U.S. 3PL market gross revenue grew 3.2% in 2013, year-over-year, and is expected to grow another 5.2% in 2014. Net revenues will rise 4.3% to 67.4 billion and Domestic Transportation Management is expected to increase 7.5% this year. (Source: Armstrong & Associates)

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Global spending on temperature-controlled pharmaceutical shipping will approach $8.4 billion in 2014, a 12% increase year-over-year. Approximately $5.6 billion will go to transportation services and storage, with the remainder spent on packaging, containers, sensors, and other devices. Spending on commercial cold chain pharmaceutical shipments is projected to reach $10.3 billion by 2018, a 37% increase over 2013(Source: Pharmaceutical Commerce)

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Net absorption in the U.S. during Q1 2014 totaled more than +46.4 million square feet. Atlanta’s overall absorption during the 1Q was the highest in the nation, totaling +5.8 million square feet. (Source: Colliers International)

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According to the new Custora Mobile E-Commerce Report, in the past four years the percentage of traffic to e-commerce sites from mobile devices (phones and tablets) jumped from 3% to nearly 37% from $2.2 billion in 2010 to $42.8 billion in 2013. This represents 1875% growth over these four years, and 111% 4-year CAGR. 2014 has already delivered $12.2B in mobile e-commerce sales in Q1, and it is likely hit a record $50B in sales in 2014(Source: Custora.com)

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