Logistics Market Snapshot – March Edition

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.

To everybody visiting the Georgia Logistics Summit the next two days: enjoy! I’m sorry I can’t be there.

March Logistics Market Snapshot
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The State of Georgia has experienced a record increase in both exports and imports for the fourth consecutive year. Georgia increased to the 11th largest exporting state from the 12th. The state also increased to the Nation’s 8th largest importing state.

(Source: U.S. Census Bureau)
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U.S. Class I railroads originated 108,590 carloads of crude oil in Q4 2013,bringing total Class I crude oil originations for the year to 407,642 carloads. That’s a 74% increase over the 233,819 carloads originated in 2012. (Source: AAR.org)
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Delta Air Lines’ $2.7 billion profit for 2013 was the highest net profit in airline history. The previous record was German carrier Lufthansa’s 2007 profit of $2.6 billion.

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Net absorption in the U.S. during Q4 2013 totaled nearly +45.7 million square feet. Atlanta’s overall absorption during the 4Q was 2.73 million square feet. In 2013, net absorption in the U.S. totaled +156.5 million square feet, the highest annual level of demand since 2007. For the year, Atlanta registered the third-highest absorption rate in the country, with +11 million square feet. (Source: Newmark Grubb Knight Frank)

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Georgia’s PMI rose 6.7 points to 56.7 in February, the highest reading since March 2013. New orders in Georgia rose 13.1 points to 58.3 and production rose 13.7 points to 54.2. Georgia’s PMI is now 3.5 points above the national PMI.  (Source: Kennesaw State University)

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