February 2017 Logistics Market Snapshot
The February 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 February edition:
- The U.S. goods and services trade deficit decreased 3.06% in December to $44.3 billion. Exports of goods increased 3.9% to $126.9 billion and imports of goods increased 1.9% to $192.6 billion. (Source: US DOC & Census Bureau)
- Advanced estimates of retail and food service sales in January 2017 were $472.1 billion, an increase of 0.36% from the previous month, and up 5.4% from January 2016. Non-store retail sales were up 14.5% from the same month last year, and include internet-only sales outlets as well as other direct-to-customer channels. (Source: US Census)
- U.S. online sales totaled $91.7 billion for the Nov. 1-Dec. 31 2016 holiday period, up 10.5% from the same period in 2015. Consumers spent $17.1 billion on mobile devices during the 2016 holiday shopping season, up 44.9% from $11.8 billion in mobile sales during holiday 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: Adobe, comScore, US Census)