WarehouseQuote

The national average of warehouse storage costs has decreased 1.9% year-over-year according to the Q3'24 Warehouse Pricing Index (WPI) report. The warehousing industry currently has a supply/demand imbalance: more space than demand for warehousing. In this report, we've provided 3 key indicators for why we are seeing a slight decrease in warehouse services pricing. Chris Rogers, Head of Supply Chain Research at S&P Global, provides a detailed analysis on the 2024 hurricane season, tariffs, and strikes. Mathew Leo, Principal Manager of Research and Market Intelligence at C.H. Robinson provides a detailed analysis on the 2024 hurricane season and the impact to supply chains. Read the full Q3'24 WPI report below.

WarehouseQuote is thrilled to announce that we've made the 2024 Inc. 5000 list, ranking No. 537 overall - 18th in the Logistics and Transportation Industry. "It's an honor to be recognized on the Inc. 5000 list. This is a testament to our expertise, commitment, and our exceptional team", said Jordan Brunk, Chief Marketing Officer at WarehouseQuote. "Most importantly, we thank our clients and partners for making this accomplishment possible. Our goal is to help fast-growing brands manage their 3PL warehouse networks and this recognition is validation that we are achieving that goal." See the full Inc. 5000 list here: https://lnkd.in/g6Yn3rnH

Need to understand how the #warehouse sector influences #supplychains? The latest WarehouseQuote quarterly review shows a -1.9 percent decrease in the national average of warehouse storage costs year-over-year in Q2’24, with the national average of warehouse storage costs having fallen for 6 consecutive months, though it still remains inflated trending two years. The report also finds that the warehousing industry currently has a supply/demand imbalance: more space than demand for warehousing. For example, overall vacancy rates have been over 5% through 2024 and the driving factor behind the availability is new construction vacancy. Looking ahead, S&P Global Market Intelligence analysis in the report finds the three-stage peak season uncertainties for the warehouse sector include strikes, elevated US #hurricane risks and building #trade protectionism. Read the full report: https://lnkd.in/e9ZXTUhD

US seaborne imports climbed by 15% year-over-year in the first quarter of 2024. Growth was driven by industrial sectors including materials ranging from steel to paper, which increased by 20%. Chris Rogers, Head of Supply Chain Research at S&P Global, provides insights and analysis into U.S Supply Chains and the uncertainties surrounding the timing of peak season shipments in WarehouseQuote's Q2'24 Warehouse Pricing Index Report. Check out the full report in the comments below ⬇

National storage costs have increased 0.5% year-over-year, according to the Q2’2024 Warehouse Pricing Index report. After a year’s worth of destocking efforts, many warehouse operators have an ample amount of available capacity for the first time since 2020. Check out the Q2'24 Warehouse Pricing Index report with contributions from S&P Global Market Intelligence, C.H. Robinson, and MyFreightWorld.

The national average of warehouse storage costs has increased 0.5% year-over-year according to the Q2'24 Warehouse Pricing Index (WPI) report. After a year’s worth of destocking efforts, many warehouse operators have an ample amount of available capacity for the first time since 2020. Though pricing has fallen slightly over the past four months, signals are beginning to emerge throughout the supply chain that indicate warehouse services pricing may increase in the quarters ahead. Chris Rogers, Head of Supply Chain Research at S&P Global, provides a detailed analysis on U.S. supply chains heading into Peak Season. Mathew Leo, Principal Manager of Research and Market Intelligence at C.H. Robinson, provides a detailed analysis on the state of ground transportation, produce season, and cross-border trade. Mike Chalfant, President at MyFreightWorld Inc., provides insight into U.S. manufacturing output and its impact on the transportation market. Read the full Q2'24 Report below.

Supply chain activity is picking up. While manufacturing new orders are still in decline, S&P Global Market Intelligence forecasts global trade will grow by 1.8% year over year in 2024, driven in part by electronics supply chains. Read the full Supply Chain Q2'24 Outlook from Chris Rogers, Head of Supply Chain Research at S&P Global Market Intelligence. (Source: S&P Global Market Intelligence) #supplychain #logistics

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Happy National Pet Day! At WarehouseQuote, we believe in celebrating all members of the family, including our furry friends! In honor of National Pet Day, we wanted to take a moment to showcase some of the adorable pets belonging to our incredible team members. 📸 Share a photo of your pet in comments below. #NationalPetDay

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