October 2015 Logistics Market Snapshot
October is well known for its pumpkin-inspired drinks and activities and, of course, for Halloween. The latest edition of the Logistics Market Snapshot is no exception – data related to these trends and other themes dominates the new issue, which is collated by the Georgia Center of Innovation for Logistics.
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.
Below are a few interesting highlights from the October edition, which looked at more than 300 sources of information from various external resources in order to provide insights into logistics market trends.
- As the pumpkin spice craze grows (pumpkin-flavored products accounted for $361 million in sales in 2014), U.S. consumers now have the option of buying more than 100 different pumpkin-flavored foods, including Pumpkin Spice Oreos, Pumpkin Pie Spice Pringles, Pumpkin Spice Jell-O and even Pumpkin Spice Country Crock spread. (Source: Nielsen)
- E-Commerce revenue in September 2015 was estimated to be up 11 percent year-over-year. This September, the share of mobile orders (phone and tablet) out of all e-commerce orders increased to 28 percent, up from 23 percent in 2014. (Source: Custora E-Commerce Pulse)
- The average person celebrating Halloween will spend $74.34 in 2015, compared to $77.52 last year. Total spending on Halloween is expected to reach $6.9 billion this year. (Source: NRF)
- Retail and food service sales increased in September to $447.7 billion, up 0.1 percent from the previous month, and 2.4 percent above September 2014. Non-store retailer sales were down 0.3 percent from last year. (Source: US Census)