September 2015 Logistics Market Snapshot
As we officially enter Fall, the September edition of the Logistics Market Snapshot, collated by the Georgia Center of Innovation for Logistics, is now available online.
Looking at more than 300 sources of information from external resources including NASDAQ, the US Department of Transportation and the Bureau of Labor Statistics, the Market Snapshot provides insight into rail, trucking, air and ocean freight, warehouse and distribution, multimodal and US markets trends.
Here are some noteworthy highlights from this month’s edition:
- U.S. light vehicle sales were a seasonally adjusted and annualized 17.7 million in August 2015, up from July’s 17.5 million. This is the highest amount since July 2005. (Source: AAR)
- The trucking industry workforce increased by 700 employees in August and increased 2.7% over the previous year. (Source: U.S. Bureau of Labor Statistics)
- In Q2 2015, warehouse and distribution rental rates in the U.S. grew at their fastest pace since the beginning of 2008, hitting $5.42/NNN (triple net lease). This is up 4.8% from the second quarter of 2014, when rents average $5.18/NNN. (Source: Cassidy Turley)
- Retail and food service sales increased in August to $447.7 billion, up 0.2% from the previous month, and up 2.2% above August 2014. Non-store retailer sales were up 6.9% above last year. (Source: US Census)