Logistics Market Snapshot – February 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. Did you buy flowers for Valentines Day? A lot of flowers were shipped around the world to enable that.

That and some other selected encouraging statistics:

UPS delivered approximately 118 million flowers to loved ones this Valentine’s Day. (Source: UPS)U.S Customs processed imports of approximately 867 million cut flower stems during the 2013 Valentine’s Day season (Jan. 1st to Feb. 1st).  Most of the cut flowers are imported from South America, primarily Colombia, with 567 million stems or 65%, followed by Ecuador with 190 million stems or 22% of the total. (Source: USCBP)

One of the largest flower import hubs in the world is Miami International Airport, where 85% (738.2 million stems) of imported cut flowers enter the country every year.  The port of Los Angeles ranks a distant second by processing 43.7 million flower stems.  Imported cut flowers also resulted in nearly 1,900 interceptions of pests/bugs by U.S. Customs officials between Jan. 20th – Feb. 14th of last year. (Source: USCBP)

So far in 2014, American candy makers have also imported about 20,000 metric tons of chocolate(Source: Zepol Corporation | zepol.com)   

Retail sales in 2014 are expected to increase 4.1%, up from the preliminary 3.7% growth seen in 2013.  However, 2014 e-commerce sales is forecast to outpace traditional retail sales growth by 3X with an expected 12% increase. (Source: NRF.com)

Georgia merchandise exports set a record in 2013, totaling $37.6 billion, a 4.2% increase over 2012.  The state’s strong performance helped the United States hit an all-time record for exports of U.S. goods and services, reaching $2.3 trillion in 2013 and supporting nearly 10 million American jobs(Source:  USDOC)

The industrial sector absorbed +121.3 million square feet in 2013, the strongest reading since 1998, and e-commerce related demand was estimated to account for nearly 40% of all net absorption.  In 2013, Atlanta registered the third-highest absorption rate in the country, with +7.69 million square feet. (Source: Cassidy Turley)

U.S. vessel imports in 2013 totaled 18.2 million TEU’s, up 3.7% from the previous year.  Annual import TEUs haven’t been this high since 2007.  (Source: Zepol Corporation | zepol.com)

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