Logistics Market Snapshot – The Year in Review

GEORGIA125As I am writing this I realize that I forgot to post the January Snapshot! I will do that straight after I have finished writing this one. The start of the year has been a busy time, with lot’s of interesting stories breaking.

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. They have just aggregated all 2014 Snapshots and created an annual overview. They are mainly US figures, but we are seeing similar positive numbers in Europe when looking at logistics employment and e-commerce for example. Some encouraging statistics:

[ CLICK IMAGE TO DOWNLOAD ]
Overall transportation and warehousing employment increased 3.6% in 2014.  The logistics industry added 164,400 employees in 2014, accounting for 5.6% of the overall net employment gains added last year.
(Source: U.S. Bureau of Labor Statistics)
——————-
E-Commerce revenue in 2014 rose 15.1% year-over-year, with e-commerce orders up 13.2% over the same period. (Source: Custora E-Commerce Pulse)
——————-
U.S. ocean imports increased 6% in 2014.  Total TEUs reached 19.4 million, the highest volume ever.  The Port of Savannah, the fourth-largest port in the U.S. in 2014, increased imports by 17% to 1.36 million TEUs, the largest gain out of the top 10 ports. (Source: Zepol)
——————-

Railroad bulk carload freight in 2014 increased 3.9% over 2013, to 15.2 million carloads.  That’s the highest number of carloads since 2008.

(Source: AAR.org)
——————-
The trucking industry added 45,900 jobs in 2014, 222% more than the 20,700 trucking jobs added in 2013(Source: U.S. Bureau of Labor Statistics)

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.