January 2017 Logistics Market Snapshot
The January 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 January edition:
- The Consumer Confidence Index increased to 113.7 in December 2016, up 3.9% from November, and the highest level since August 2001.
- E-Commerce revenue was up 9% in November compared to November 2015. Mobile shopping (phones and tablets) accounted for 31% of online shopping, up from 29% in November 2015. The estimate of U.S. retail e-commerce sales for the third quarter of 2016, adjusted for seasonal variation, was $101.3 billion, an increase of 4.0% from the second quarter of 2016. (Source: Custora E-Commerce Pulse, US Census)
- The U.S. GDP increased at an annual rate of 3.5% in the third quarter of 2016 according to the third estimate released by the Bureau of Economic Analysis in late December. In the second quarter, real GDP increased 1.4%. (Source: US BEA)
The latest GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2016 is 2.9%. (Source: Federal Reserve Bank of Atlanta)