North America Industrial Indicators - In 7 Minutes
1. NORT AM CA
TH MERIC
INDUSTR
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 QUICK
DRIVE 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 serving
The 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
an
resoluution issues rema a concern, an strengthen during the second
ain nd d conntainer units. The Port of Long BBeach is investin $4.5 billion
ng
half as underlying economic fundamen
s ntals improve. Overall, the U.S.
O ove the next deca to modernize its facilities.
er ade e
will ex
xperience modest growth during 2012 as uncert
g tainty about debbt • Cannadian National Railway will exp
pand its service t the growing
to
reduct 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 to
Howe ever, with record corporate pro and improving consumer
d ofits Edmmonton in June. The new connection, which will also bring
deman 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 ges
second 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 North
contin 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., the
NORT 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
$20
MARK 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.