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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) Building permits in July 2012 were up 6.8% over June, and up 29.5% from July 2011. Housing starts in July 2012 were also up 21.5% from July 2011.
4) Transportation employment increased more than 1.9% year-over-year in July and added about 6,900 employees, including:
- Trucking employment grew by 3,100 jobs in July, up 3.3% year-over-year.
- Water transport sector added 1,100 jobs, up 1.7% over June and up 9.8% year-over-year.
- The railroads added 611 new jobs in June, up 2.4% over 2011.
- Also… Manufacturing employment spiked by 25,000 of which 20,500 jobs were from transportation equipment producers. (More than double most economists’ forecasts!)