Logistics Market Snapshot – May 2014

The Georgia Center of Innovation for Logistics publishes a monthly update on the global logistics market. The April 2014 Logistics Market Snapshot is available here.

Highlights:

Georgia has been named the most competitive state in the nation by Site Selection magazine. The Top 10 Competitive States ranking is based on an index of 10 criteria, most of which are tied to new projects and expansions. The magazine sited Georgia’s capital investments in new and expanded facilities, new jobs, tax climate, and workforce readiness in earning the top spot.

• E-commerce sales are expected to reach $414 billion by 2018, up from a projected $294 billion in 2014. Of the $294 billion this year, $87 billion of online transactions will come from mobile devices. In-store purchases are expected to grow by $300 billion by 2018. (Source: Forrester Research)

The Georgia Ports Authority achieved its highest month on record in March, moving 2.61 million tons of cargo, a 15.5% increase year-over-year. The Port of Savannah moved 260,539 TEUs in March 2014, a 12% increase over the same month last year. (Source: GPA)