Recent data issued by industrial real estate firm CBRE in its U.S. Industrial Availability Index continues to highlight the decline of the average availability rate for United States-based warehouses and distribution centers, with the third quarter rate heading down ten basis points to 7.7, its lowest availability rate going back to 2001.
While transpacific oceanborne traffic was especially robust this past peak season, industry analysts were also impressed by the air cargo surge in the region. If this trend is to continue, however, the need for improved airport infrastructure is obvious.
September shipments were up 4.9% annually at 976,605. While this is down compared to August’s 1,066,698, the annual improvement is ahead of August’s 2.2% annual spread.
Reacting to the tightest spot truckload market in at least four years, brokers and third-party logistics providers are working overtime to obtain TL capacity for shippers during this peak freight season.
The United States Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon for diesel gasoline headed up 1.1 cents to $2.787 per gallon this week. The increase comes on the heels of a 1.6 cent decline last week.
New breakthrough developments, such as drones and driverless vehicles, seem to be everywhere.
JLL research cites benefits of e-commerce in driving U.S. industrial real estate market to new highs
Chicago-based industrial real estate firm JLL said in its “First Look at Industrial” report for the third quarter of 2017 that market indicators continue to see significant increases. One example of this is for rent, which JLL said are being paced by a combination of an increase in warehouse and logistics absorption and “persistently low”…Details
Just what is supply chain management today? It’s moved from cost cutting to enabling the business.
John Costanzo of Purolator International discusses the latest trade trends between the United States and Canada.
Use this advice to navigate the process of selecting and deploying a TMS solution in a fraction of the time and cost of traditional solutions.