A quick glance into the Logistics Market

Georgia Logistics complies a monthly set of facts and figures regarding the Logistics Markets. We selected a few facts to share with you:-
 
1. The overall vacancy rate of warehouses and DC’s across the U.S. is now at the lowest rate since 2008. Declining to 9.3% at the end of the Q2 as demand picked up around the Country’s ocean ports and inland ports over Q1.  (Cushman & Wakefield and Journal of Commerce)
 
2. According to the NRF, Imported containerized cargo volume for retail products at major U.S. container ports is expected to increase 6.3% in August over the same period last year. 
 
3. Import Volumes
 
In June, the U.S. imported about $227.9 billion of cargo. June U.S. imports have decreased 1.5% in terms of value from May, and grew 2.2% year-over-year. (Source: US Census)
 
4. Export Volumes
 
In June, the U.S. exported more than $185 billion of cargo, the highest on record. June U.S. exports have increased 1.7% in terms of value over the previous month and grew 0.7% year-over-year. (Source: US Census)
 
5. Air Cargo Traffic
 
Global air freight traffic in June rose 0.8% from one year ago and was up 0.6% from the previous month. North American air freight in June rose 4.5% year-over-year. (Source: IATA.org)
 
(Global air freight covers international and domestic scheduled air traffic. North American traffic includes only domestic freight traffic.)
 
6. Air Freight Price Index
 
In June, average international air cargo prices fell 8.3% from the previous month. Average air freight rates were down 17.5% year-over-year. (Source: Bureau of Labor Statistics)
 
(The Drewry Air Freight Price Index is based on the average of rates ($US per kg) for cargoes of 100+kg to 1,000+kg cargoes from Shanghai to London, Moscow, Prague, New York, and Los Angeles.)
 
7.OCEAN FREIGHT:
 
Import Volumes
 
Import shipment volume, in TEUs, at U.S. ports increased 9% in July from the previous month and rose 10.8% over the previous year. July saw the highest volume of imports seen in one month since August 2010, raising expectations for this year’s holiday season. (Source: Zepol Corporation | zepol.com)
 
8.Ocean Freight Business News:
 
 Import volume through major U.S. container ports is expected to increase 6.3% in August compared with the same month last year. Total U.S. containerized imports in 2012 are expected to rise 4.8% over last year. U.S. ports followed by Global Port Tracker handled 1.41 million TEUs in June, the latest month for which numbers are available. June’s total container traffic was 4.7% higher over the previous month and 10.7% higher over the previous year.
 
The global container equipment fleet grew 8.5% to 31.25 million TEUs in 2011, compared with 7% growth in 2010. Up to 70% of the additions to the container fleet likely occurred in the first half of 2011, before the drop in new ship orders. The slowdown in the latter half of 2011 was likely due to a misreading of demand, which was worsened by a weak peak season.
 
The number of pirate attacks dropped by a third in the first half of 2012. Overall, 177 incidents were reported to the International Maritime Bureau Piracy Reporting Center in the first six months of 2012, compared to 266 incidents for the same period in 2011. The decrease in the overall number is primarily due to the decline in Somali piracy activity, dropping from 163 incidents in the first six months of 2011 to 69 incidents in 2012.
 
Hapag-Lloyd will raise rates in the trans-Atlantic trades starting October 1, 2012. The carrier said that westbound rates from North Europe and the Mediterranean to North America will go up by $320 per TEU and $400 per FEU. Rates from the east coasts of North America to North Europe and the Mediterranean will rise by $200 per TEU and $400 per FEU.
 
9. Multimodal News Clips:
 
Transportation employment increased more than 1.9% year-over-year in July.Transportation industries added about 6,900 employees. Trucking employment grew by 3,100 jobs last month, and rose 3.3% year over year. The water transport sector added 1,100 jobs, a 1.7% increase from June and up 9.8% year over year. Manufacturing employment spiked by 25,000, more than twice economists’ forecasts.Transportation equipment jobs increased by 20,500 jobs. (Source: U.S. Bureau of Labor Statistics)
 
Global demand for material handling products is forecast to climb 4% annually through 2016 to $123.6 billion, according to a new study from The Freedonia Group. India and China will likely see the fastest gains due to the rising manufacturing output that will spur demand for distribution equipment. The U.S.market, which accounted for 22% of global sales in 2011, is expected to remain the leading consumer through 2016.

Quelle: eyefortransport

Portal: www.logistik-express.com