October 2016 Logistics Market Snapshot
The October 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 a few interesting highlights from the October edition:
- E-Commerce revenue was up 11% in September compared to September 2015. Mobile shopping (phones and tablets) accounted for 29% of online shopping, up from 26% in September 2015. The estimate of U.S. retail e-commerce 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 Consumer Confidence Index increased to 104.1 in September 2016, up 2.2% from August and the highest reading since the recession. Consumers’ assessment of present-day conditions improved, primarily the result of a more positive view of the labor market. (Source: The Conference Board) (The consumer confidence index is based on a monthly survey of 5,000 U.S. household. It is designed to gauge the financial health, spending power, and confidence of the average U.S. consumer.)
- Advanced estimates of retail and food service sales in September were $459.8 billion, an increase of 0.6% from the previous month, and up 2.7% from September 2015. Non-store retailer sales were up 11% from last year, and includes internet-only sales outlets as well as other direct-to-customer channels. (Source: US Census)