Georgia Logistics compiles a monthly set of facts and figures regarding the Logistics Markets. We selected a few facts to share with you :-
Gross Domestic Product: The U.S. GDP decreased 2.9% in the first quarter of 2014 according to the third estimate released by the Bureau of Economic Analysis.
U.S. Trade Deficit: The U.S. trade deficit decreased by 5.6% in May to $44.4 billion. Exports rose 1.0% to $195.5 billion and imports fell 0.3% to $239.8 billion.
Consumer Confidence: The Consumer Confidence Index increased to 85.2 in June 2014, up 3 points from the previous month.
Unemployment Rate: The unemployment rate in America fell to 6.1% in June 2014 as there were 288,000 net new jobs.
Leading Economic Index: The Leading Economic Index for the U.S. increased 0.5% in May to 101.7 (2004=100), following at 0.3% increase in April and a 1.0% increase in March.
Retail Sales: Retail and food service sales rose in May to $439.9 billion, up 0.2% from the previous month, and up 4.5% above May 2013. Non-store retailer sales were up 8.1% from last year.
Manufacturing & Trade Sales: Total combined sales and manufacturing shipments totaled nearly $1.34 Trillion in May 2014, up 0.4% from April and up 4.6% from the previous year.
Manufacturing & Trade Inventory: Total value of inventory on hand is estimated at $1.73 Trillion in May 2014, up 0.5% from April and up 5.6% from May 2013.
Housing Starts: In May, housing starts fell 6.5% to an annual rate of 1,001,000 units. Building permits fell 6.4% to an annual rate of 991,000. Year-over-year, housing starts and building permits in
May increased 9.4% and decreased 1.9%, respectively. (Source: U.S. DOC)
Consumer & Producer Price Index: The consumer price index for all urban consumers increased 0.4% in May from the previous month. Over the last 12 months, the all items index increased 2.1%. The producer price index for finished goods fell 0.2% in May from the previous month. Prices for finished goods rose 2% over the previous year.
Import Volumes: In May, the U.S. imported about $239.8 billion of cargo. May U.S. imports fell 0.3% in terms of value from April, and rose 5.1% year-over-year.
Export Volumes: In May, the U.S. exported nearly $195.5 billion of cargo, the highest on record. May U.S. exports have increased 1.0% in terms of value over the previous month and rose 4.1% year-over-year.
Import & Export Price Index: U.S. import prices rose 0.1% in June. Import prices rose 0.4% over the past year. The price index for U.S. exports decreased 0.4% in June. Export prices increased 0.5% year-over-year.
Multimodal News Clips:
Railroad Fuel Price Index: The index of average railroad fuel prices in May was 600.6, down 2.4% from the previous month and 0.6% higher year-over-year.
U.S. Intermodal Rates: For the week of June 25, intermodal rates fell 1.7% to $2,117 per 53-foot container. Average intermodal spot rates are up 5.3% YTD and have increased 5.0% year-over-year
Short Line Rail Traffic: In June 2014, short line railroad shipments across North America rose 0.9% compared to the same month last year. A sampling of about 428 small railroads in the U.S. and Canada loaded 586,653 railcars and intermodal units during the month of June.
Railroad News Clips:
Trucking Volume: The ATA’s seasonally adjusted cargo index rose 1.0% in May. The for-hire truck tonnage index rose 3.4% from May 2013.
Truckload Freight: The spot market for truckload freight in June rose 11% compared to the previous month, and was 54% higher year-over-year. Truck capacity fell 20% for the month, and was down 2.8% year-over-year
Trucking Employment: The trucking industry workforce added 3,300 employees in June. The trucking workforce increased 1.9% over the previous year
Trucking News Clips:
Air Cargo Traffic: Global air freight traffic in May increased 4.7% from one year ago, and rose 0.4% from the previous month. North American air freight in May rose 2.4% year-over-year
Air Freight Price Index: In May, the index of East-West air cargo rates fell 4.7% from the previous month and was 2.2% higher year-over-year. The average price of air cargo leaving the United States in May stood at $3.22 per kilogram.
Jet Fuel Prices: As of June 27, 2014, the global average jet fuel price was $124.3 per barrel; up 2.2% from the previous month, and 5.7% higher year-over-year.
Air Freight News Clips:
Import Volumes: Import volume through major U.S. container ports is expected to total 1.5 million containers in July as retailers prepare for potential disruptions surrounding the expiring West Coast Port’s labor contract. That’s the highest monthly volume in at least five years. In May, the latest month for which numbers are available, U.S. container ports handled 1.48 million TEUs, a 3.7% increase from the previous month and a 6.6% increase from the same month last year. Total U.S. containerized imports are expected to increase 4.1% in 2014
Ocean Bulk Freight Rates: The Baltic Dry Index fell 9% in June, ending at 850. The BDI has fallen 1.6% during the first half of July.
Ocean Freight Business News:
Warehousing & Distribution:
Industrial Vacancy: The U.S. average industrial vacancy rate was 7.9% during Q1 2014, down from 8.1% in the previous quarter. Overall vacancy was 11.0% in Atlanta and 8.9% in Savannah during the first quarter
Warehouse Rent Rates: In Q1 2014, warehouse and distribution rental rates in the US averaged $4.91 per square foot, up from $4.84 per square foot in the previous quarter. Rental rates for warehouse space averaged $3.22 per square foot in Atlanta and $3.95 per square foot in Savannah
W&D Business News:
With 20 billion dollar+ logistics companies amongst the 80+ speakers at the 3PL Summit and Chief Supply Chain Officer Forum, eft is pleased to release the timed agenda for the event.
Did you know contract logistics accounts for more than one third of the European logistics market by value? Which are the top five countries? How many people are employed in EU logistics? It’s all here…
Why would companies implement solutions that cost more, were longer to deploy, and had lower user satisfaction? Read Lora Cecere's thoughts on this.