The most recent logistics numbers (from the Logistics Market Snapshot, courtesy of the Georgia Center of Innovation) show a few bright spots to kick off 2013.
• Container volume on U.S. railroads represented 87% of total intermodal volume, up from 69% in 2000, and every Class 1 U.S. railroad recorded increases in intermodal for the year.
• At the end of 2012, about 32 million square feet (MSF)of warehouse construction was in progress nationwide. In Georgia alone, 3.4 million square feet of new construction is underway—nearly twice as much as the 1.8 million square feet being constructed in Tennessee, which is #2 in the country.
• The U.S. GDP increased 3.1% in the third quarter of 2012 according to the final estimate released by the Bureau of Economic Analysis.
• In November, building permits rose 3.6% (an indicator of future housing starts) to an annual rate of 899,000.
Here are the other market highlights: