September 2016 Logistics Market Snapshot
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.
Below are interesting highlights from the September edition:
- Flooring retailer Floor & Decor will open a 1.4 million square-foot distribution center in the Savannah market. Construction on the build-to-suit distribution facility is slated to begin in November 2016 with plans for it to be open by 2018. The new center will add and retain 115 jobs. A second phase will add another 1.1 million square feet, for a total of 2.5 million square feet. (Source:GPA)
- E-Commerce revenue was up 9% in August compared to August 2015. Mobile shopping (phones and tablets) accounted for 32% of online shopping, up from 28% in August 2015. The estimate of U.S. retail ecommerce sales for the second quarter of 2016, adjusted for seasonal variation, was $97.3 billion, an increase of 4.5% from the first quarter of 2016. (Source: Custora E-Commerce Pulse, US Census)
- The warehousing industry workforce increased by 4,300 employees to 867,300 employees total in August. The warehouse industry workforce increased 0.49% from the previous month and increased 5.8% year-over-year. (Source: U.S. Bureau of Labor Statistics)
- The consumer price index for all urban consumers rose 0.2% to 240.8 in August on a seasonally adjusted basis from the previous month. The producer price index for final demand was 110.5 in August, virtually unchanged from the previous month. (Source: US Bureau of Labor Statistics)