North America Industrial Indicators - In 7 Minutes
NORT AM CA TH MERICINDUSTR RIAL IN NDICAT TORS…IN 7 MIN NUTES AP PRIL 2012 2 CUSHMAN & WAKEFIELD’S SEVEN-MINUTE W S E • Gra Alliance carr and riers NYK Line, Hapag-Lloyd an Orient nd OVERVIEW OF INDUSTRIAL ACTIVITY AND D Oveerseas Containe Line are leavin the Port of Se er ng eattle and TRENDS WAS DESIGNED FO TODAY’S S OR mov to the Was ving shington United Terminals in Taacoma. This BUSY REAL ES STATE PROFESSSIONAL; THIS sho ould reverse Taccoma’s recent doownward trend in container OVERVIEW PRROVIDES READDERS A volu ume resulting fro Maersk vaca om ating the port in 2010. COMPREHENS SIVE LOOK AT KEY MARKET • The Port of Long B e Beach welcomed the largest container ship ever d ERS, LEADING INDICATORS, AND STATISTICS IN A QUICKDRIVE A K to c to North Am call merica, the MSC Fabiola. The ve C essel, measuring TIBLE FORMAT.AND EASILY DIGEST 1,20 feet in length is the largest c 00 h, container vessel now servingThe gl lobal economy is expected to st off slowly in 2012, as debt tart U.S S.-Asia trade, and is capable of ca d arrying more tha 12,000 anresoluution issues rema a concern, an strengthen during the second ain nd d conntainer units. The Port of Long BBeach is investin $4.5 billion nghalf as underlying economic fundamen s ntals improve. Overall, the U.S. O ove the next deca to modernize its facilities. er ade ewill ex xperience modest growth during 2012 as uncert g tainty about debbt • Cannadian National Railway will exp pand its service t the growing toreduct tion and the elec ctions keeps bus sinesses and inve estors cautious. Por of Prince Rupe by adding a c rt ert container train c connection toHowe ever, with record corporate pro and improving consumer d ofits Edmmonton in June. The new connection, which will also bringdeman the U.S. appe poised for growth to accele nd, ears g erate in the add service to Calgary, comes as Alberta emerg as one of the ded s gessecond half of the yea Canada and Mexico are also expected to d ar. M e fast test growing indu ustrial and consumer based eco onomies in Northcontin to expand at generally stron nue t nger rates than in 2011, but n Ammerica.growt will be modes with demand from the U.S. re th st f emaining slow. • Inveestors are lookin to take advan ng ntage of growing population g cennters and evolvin trade routes. One such exam is the new ng mple “Ammerica’s Gatewa Logistics Cent ay ter” in Moore HHaven, FL., theNORT AMERICA – GDP GROW TH WTH larg ogistics center in Florida, boasting access to fou gest integrated lo n ur 6.0% % sea ports, major ra carriers, and m ail major air cargo ooperations. • Catterpillar Inc. has closed a locomootive plant in Lo ondon Ontario. 5.0% % The work will be re e elocated to the company’s othe assembly er 4.0% % plan in North and South America nts d a. 3.0% % MANU UFACTURING INVESTMEN RISING G NTS • Cat terpillar broke g ground on a new $200 million fa w acility near 2.0% % hens, Georgia. T site borders Athens-Clarke a Oconee Ath The and 1.0% % cou unties. Company officials say its new plant is cre y eating 1,400 jobs s. 2010 201 11 2012F 2 Cat terpillar will star producing and selling its const rt d truction and U.S. Canada a Mexico min equipment a its new facility by late 2013. ning at y • Cat terpillar Inc. also plans to expand its hydraulic fa o acility in Summter’s Black Rive Airport Indus er strial Park. The $ million $20MARK DRIVERS/ KET /INFRASTRUC CTURES inve estment is expec more than 80 new jobs over two cted to create m w o• Driiven by sharply lower freight rat especially on the Asia- l tes, n yea rs. Caterpillar’s expansion will n nearly triple the facility’s Eurrope route, and a 35%t increase in fuel costs, Maersk Line will e M foottprint. rem in the red this year, slumping to a $602 million loss in 2011 main t • The Linamar Corp.., which has plan and facilities in 11 countries, e nts afte a record $2.6 billion profit in 2010. er 6 receently offered a s sneak preview o its new North Carolina facility of y.• Coonstruction of buuildings and infra astructure at the Vancouver e The 400,000-sf plan will employ m e nt more than 250 w workers and will Shipyards and Victo Shipyards is expected to be in 2012 as a oria s egin star turning out en rt ngine block and wheel parts for heavy res of the $8-billion Seaspan Ma sult arine Corp. conttract won last fal ll. connstruction equipmment by early M May. Sev new non-com ven mbat ships will be built, with wo on the first b ork • Acc cording to a rece report by Accenture, some 61% of ent ship to begin in 2013. p man nufacturing execcutives surveyed by the consulta d ancy said they wer considering m re more closely mat tching supply loc cation with dem mand location by re-shoring man y nufacturing and supply.