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Home » warehouse expenditures up 8%
newsworthy

warehouse expenditures up 8%

August 1, 2008
Mitch Mac Donald
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Despite the unfavorable economic headwinds, commercial warehousing is holding its own. A new report from market research firm Armstrong & Associates shows that the public and contract warehouse market saw growth of 7.7 percent over year-ago levels in 2007 and has now reached $37.5 billion in revenue.

In total, the U.S. commercial warehouse system includes roughly 8,000 contract and public warehouses, with an estimated 1.3 billion square feet of space, according to the report, Warehousing in North America—2008. Armstrong estimates that commercial facilities now account for one-third of the country's warehouse space.

In addition to market statistics, the report includes financial data for contract warehouse operations. It also lists the top dry and refrigerated warehouse operators, as measured by revenue. The study is available for purchase at www.3plogistics.com.

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Mitchmacdonald
Mitch Mac Donald has more than 30 years of experience in both the newspaper and magazine businesses. He has covered the logistics and supply chain fields since 1988. Twice named one of the Top 10 Business Journalists in the U.S., he has served in a multitude of editorial and publishing roles. The leading force behind the launch of Supply Chain Management Review, he was that brand's founding publisher and editorial director from 1997 to 2000. Additionally, he has served as news editor, chief editor, publisher and editorial director of Logistics Management, as well as publisher of Modern Materials Handling. Mitch is also the president and CEO of Agile Business Media, LLC, the parent company of DC VELOCITY and CSCMP's Supply Chain Quarterly.

Recent Articles by Mitch Mac Donald

Thought I’d something more to say …

Digital supply chains, circular economies, and a whole bunch of uncertainty

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