Wednesday, June 19, 2013
The Georgia Center of Innovation and Logistics has released its June Logistics Market Snapshot. The monthly report provides a quick, real-time look at the facts, figures, rates, and volumes driving the global logistics market. This report complies data from various transportation modes, warehousing and distribution and the economy at large. Below some statistics from the June report:
-- Railroad bulk carload freight in May 2013 rose 2.8% from April 2013. Freight traffic in May rose 0.7%from May 2012. Carloads excluding coal and grain increased 3.6% over the previous year.
-- Intermodal rail traffic in May 2013 was 3% higher than in May 2012 and 1.1% higher than April 2013 totals. Intermodal loadings have experienced year-over-year gains for 42 straight months.
-- The U.S. manufacturing sector declined by $200 million between 2000 and 2010, but the decline has stopped and output is projected to increase by $1 billion between 2010 and 2020. The stabilization and expansion of U.S. manufacturing will have a positive impact on the economy, logistics industries, and on demand for industrial real estate space in the coming decade.
-- The spot market for truckload freight in May rose 3.1%compared to the previous month, and was 9.9% lower year-over-year. Truck capacity fell 0.4%for the month, and was up 24% year-over-year.
-- In the past month, ABF Freight System and UPS Freight announced 5.9% general rate increases, effective May 28 and June 10, respectively. Con-way Freight will raise its LTL rates 5.9% on June 24. On June 10, FedEx Freight announced a 4.5% GRI in non-contract base rates effective July 1. Other large carriers are expected to follow suit over the next several weeks.
-- Global air freight traffic in April increased 1.4%from one year ago, and rose 0.5% from the previous month. North American air freight in April fell 0.1% year-over-year.
-- Import shipment volume, in TEUs, at U.S. ports increased 3% in May from the previous month and fell 2.2% year-over-year. U.S. vessel imports in May increased for the second consecutive month and are the highest since last August. The number of bills of lading, or total shipments, filed with U.S. Customs totaled 786 thousand in May, up 2.5% from April.
-- The Consumer Confidence Index increased to 76.2 in May 2013 from 68.1 in April 2013.
-- Retail and food service sales rose to $421 billion in May, up 0.6% from the previous month, and up 4.3% above May 2012. Non-store retailer sales were up 11.3% from last year.
-- U.S. 3PL market gross revenues increased by 6% in 2012 to $141.8 billion. Domestic transportation management led financial results for 3PL segments in 2012, increasing 9.2%. 3PL revenues are expected to increase 4.7% in 2013 to $148.4 billion.
Click here to view the full report