A quick glance into the Logistics Market - December 2013

Georgia Logistics complies a monthly set of facts and figures regarding the Logistics Markets. We selected a few facts to share with you :-

The Consumer Confidence Index decreased to 70.4 in November 2013, the lowest level in seven months

The unemployment rate in America decreased to 7.0% in November 2013 as there were 203,000 net new jobs. About 762,000 people left the labor force during the month. The labor force participation rate rose slightly to 63% in November
Retail and food service sales rose in October to $428.1 billion, up 0.4% from the previous month, and up 3.9% above October 2012. Non-store retailer sales were up 8.2% from last year
Employment in transportation and warehousing rose by 31,000 in November, with gains in couriers and messengers (+8,600), truck transportation (+8,400), warehousing and storage (+4,600), and air transportation (+3,400). The manufacturing sector added 27,000 jobs with 6,700 jobs being added in motor vehicle manufacturing.
In October, the U.S. imported about $233 billion of cargo. October U.S. imports rose 0.4% in terms of value from September, and rose 8.6% year-over-year
In October, the U.S. exported more than $192.7 billion of cargo, the highest on record. October U.S. exports have increased 1.8% in terms of value over the previous month and rose 5.6% year-over-year
Intermodal rail traffic in November 2013 was 7.8% higher than in November 2012, and rose 0.7% from October 2013. Intermodal loadings have experienced year-over-year gains for 47 straight months
Railroad employment in October 2013 decreased by 134 employees to 163,103 employees. Total Class 1 rail employment in October was 0.4% higher than it was in October 2012
U.S. railroads originated an average of 251,887 intermodal containers and trailers per week in November 2013, the highest weekly average for any November in history. Total volume for intermodal units in November 2013 was 1,007,549 units
U.S. average diesel prices fell 0.4¢ to $3.88 per gallon last week. The U.S. average diesel price was 11¢ lower than the same week last year. The average price of diesel in the lower Atlantic states was $3.84 per gallon
The trucking industry gained 8,400 jobs in November after posting a gain of 800 in October. The trucking workforce increased 2.1% over the previous year
The trucking industry gained 8,400 jobs in November after posting a gain of 800 in October. The trucking workforce increased 2.1% over the previous year

Air Freight:


In September, Hartsfield-Jackson Atlanta International Airport transported 50,877 metric tons of cargo, a 2.7% decrease from the previous month and a 7.4% decrease year-over-year
International airfreight volumes will grow 17% over the next five years. By 2017, the five largest international freight markets will be the U.S., China, Germany, Hong Kong, and the UAE. The U.S. and China are likely to add more than 1 million additional tons each over the forecast period; as a result, China is expected to replace Germany as the second largest airfreight market in 2017
Global semiconductor sales increased for the eighth straight month and reached a record $27 billion in October. Worldwide sales of semiconductors in October represented a 7.2% increase over the same month last year. In 2013, the industry is on track to exceed $300 billion in annual sales for the first time ever
Ocean Freight:
Import volume through major U.S. container ports is expected to increase 1.8% in December. In October, the latest month for which numbers are available, U.S. container ports handled 1.43 million TEUs, a 0.4% decrease over the previous month and a 6.4% increase over the same month last year. Total U.S. containerized imports are expected to increase 2.3% in 2013.  
Following the completion of the expansion of the Panama Canal, the cost to transport grain from the U.S. to Asia will drop by an estimated 12%. The expansion will accommodate grain-laden ships from the U.S. of 25% more capacity than before, increasing the competitiveness of the U.S. as a grain exporter to Asia. 
The largest ocean carriers greatly increased their market share in the third quarter. Maersk Line, the world’s largest carrier, increased traffic 9.5% year-over-year, more than double the global average growth of 4.2%. CMA CGM’s traffic rose 11% year-over-year. Traffic for Hapag-Lloyd, Cosco, and Hanjin increased 8.7%, 7.8%, and 5.8%, respectively
Warehousing & Distribution:
In Q3 2013, warehouse and distribution rental rates in the US averaged $5.27 per square foot, up from $5.25/SF in the previous quarter. Rental rates for warehouse space averaged $3.73 per square foot in Atlanta
Toyo Tire North America Manufacturing, Inc. announced that it will expand its current facility in White, Georgia. The expansion will add 700,000 square feet to its current 2 million square foot manufacturing plant by the end of 2017. The project will create 650 new jobs and represents a $371 million investment over the next four years
Mohawk Industries will convert two manufacturing facilities in Dalton and Rome, Georgia, creating 420 new jobs and investing about $85 million into the projects. The company's expansion will add state-of-the-art manufacturing space to meet evolving consumer preferences and demand
KOPLA, a Korean-based automotive manufacturer will open its first U.S. manufacturing facility in West Point, Georgia. The 100,000 square foot facility will result in the creation of 150 jobs and an investment of $15 million by 2018
Aspen Products Inc. will open a manufacturing facility in Macon, Georgia, creating more than 200 jobs and investing $13 million into the project. The paper manufacturer’s new 200,000 square foot facility will begin production in early 2014
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