Logistics Market Snapshot – November Edition

GEORGIA125Not sure if I’m just relating to all these warehouses around the world that are in overdrive to fulfill the craze that is the Holiday shopping season, but November has been extremely busy. In a very good way though. For example the 3PL Summit, which I has the pleasure of visiting (write ups still to follow) and got some interesting material from the AIDF conference as well (another post still to follow). Well, the least I can do is make sure you’re up to date with Logistics figures, so here we go again:

Each 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. Please find a few encouraging statistics of this month’s edition below:

November Logistics Market Snapshot
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Online sales in China are expected to more than DOUBLE from $303.3 billion in 2014 to $652.9 billion in 2016-2017, powered mainly by urban multi-channel shoppers and the newly emerging middle class.  China’s mobile shopping market is expected to reach $163.2 billion by the end of 2017.
(Source: EnterpriseInnovation.net)
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The average holiday shopper will spend $804.42 this year, up nearly 5% over last year. Approximately 56% of shoppers plan to shop online, up from 51.5% in 2013, and the most in the survey’s 13-year history. On average, shoppers will do 44% of their holiday shopping online. (Source: National Retail Federation)

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October 2014 was the best month in history for U.S. rail intermodal, originating 1,381,749 containers and trailers. Intermodal traffic in October was 4.9% higher, year-over-year, and rose 1.2% from the previous month. Intermodal loadings have experienced year-over-year gains for 59 straight months. (Source: AAR.org)

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Orders for heavy-duty Class 8 trucks in North America are expected to total 45,795 units in October 2014, the second-highest order month ever recorded. October orders were 87% higher than the previous month and 76% higher year-over-year. Class 8 truck orders have now had 22 consecutive months of year-over-year increases. (Source: FTR Associates | ftrassociates.com)

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The U.S. GDP increased 3.5% in the third quarter of 2014 according to the first estimate released by the Bureau of Economic Analysis. (Source: US BEA)

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The Consumer Confidence Index increased to 94.5 in October 2014, up 5.5 points from the previous month. (Source: The Conference Board)

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