A quick glance into the Logistics Market - January 2014
Georgia Logistics complies a monthly set of facts and figures regarding the Logistics Markets. We selected a few facts to share with you :-
Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.69 Trillion in October 2013, up 0.7% from September and up 3.6% from October 2012.
Import & Export Price Index: U.S. import prices declined 0.6% in November. Import prices fell 1.5% over the past year. The price index for U.S. exports rose 0.1% in November. Export prices decreased 1.6% year-over-year.
Multimodal News Clips:
Railroad Fuel Price Index: The index of average railroad fuel prices in November was 589.5, down 9.8% from the previous month and 5.1% lower year-over-year. (Average monthly price for gallons purchased by freight railroads; Includes federal excise taxes, transportation, and handling expenses)
Railroad News Clips:
Truck Orders: Orders for heavy-duty Class 8 trucks in North America are expected to total 31,506 units in December 2013, the highest December total in eight years. December orders were 50% higher than the previous month and 51% higher year-over-year.
Trucking News Clips:
Air Cargo Traffic: Global air freight traffic in November increased 6.1% from one year ago, and rose 2.5% over the previous month. North American air freight in November rose 2.5% year-over-year. (Global air freight covers international and domestic scheduled air traffic.)
Air Freight News Clips:
• 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.
Ocean Bulk Freight Rates: The Baltic Dry Index rose 25% in December, ending at 2,277. The BDI has decreased 25% during the first half of January. (The Baltic Dry Index is an index that tracks and averages worldwide international shipping prices of various dry bulk cargoes.)
Ocean Freight Business News:
Warehousing & Distribution
Warehouse Rent Rates: In Q3 2013, warehouse and distribution rental rates in the US averaged $4.79 per square foot, down from $4.81/SF in the previous quarter. Rental rates for warehouse space averaged $3.25 per square foot in Atlanta, and $3.95 per square foot in Savannah.
W&D Business News:
• Kautex of Georgia, a Germany-based automotive supplier, is adding a 95,000 square foot warehouse onto its current operation in Lavonia, Georgia. The construction is planned to be finished by mid-May 2014 and represents a $3.3 million investment.
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