b'APRIL 17 - MAY 14, 2023NORTHEAST PORTS 25(ONEcontinued from page 16) InCentralConnecticut,which(MONEYcontinued from page 20) have speculated that business would for inland destinations like Chicago,includesHartfordandNewHaven,Once those are built, the millions ofebbbackintoWestCoastports. Detroit, and Indianapolis. Were doingwages for production and warehousedollarsspentwillnotbeabandonedLatest figures, however, tell a differ-well competing with the West Coast,workers outpace the national average,thecargowillcontinuetomoveent story. Share of container volume but also with other East Coast gate- inLongIsland,averagewagesforthrough those facilities for years, evenfor the top five East and Gulf Coast way ports on intermodal cargo. If weboth material moving and productiondecades, to come. This makes it evenports rose 1.6% to 46.8% in Febru-do make it to number one, its going tooccupations exceed the national aver- more challenging for the West Coastary 2023, compared with the month be by growing that intermodal share. age, while wages in Northern Newgatewaystoclawbacklostimportbefore. In contrast, the figure for the Jerseys material-moving occupationscontainer market share. topfiveWestCoastportsretreated areamongthehighestintheNorth- Chris Jones, EVP of industry and2.8% to 36%.[See page 4 for full (INVENTORYcontinued fromeast.WagesforindustrialworkersservicesatDescartesinansweringinterview with Jones].page 18) inNewYorkCitysouterboroughs,an AJOT email query on the shift toWhileJonescommentsinclude from New Hampshire. In late 2022, theoutside of Manhattan, are the highestEast Coast ports, offered this insight:the Southeast and Gulf ports as well, commercial real estate developer Tram- in the region. Wages for warehouseThe share of container traffic begantheNECsportsarefromMaryland mell Crow Company closed on land forworkersinPhiladelphiaare8.9%to shift away from West Coast portsto Maine, count among their number a Class A industrial facility, its first in thehigher than the national average.in favor of their East and Gulf Coastmajorcontainerportsliketheafore-Granite State. The 43-acre site in Mer- A few years ago, the diversion ofcounterpartsfromaboutMaylastmentioned New York/NewJersey, rimack will include 323,750 square feetsubstantialvolumesofoceancargoyear.ThegaphasbeenwideningNorfolk Virginia, Philadelphia, Balti-of industrial space, to be delivered in theto the Northeast at the expense of theeversinceWhiletherewerenomore, and Bostonall of which are fourth quarter of this year. westcoastwouldhavebeenhardtoworkstoppages[Editorsnote:thatadding infrastructure for an anticipated TheGreaterBostonindustrialimagine.EquallysurprisingwouldsomewhatchangedwiththeGoodsurge in boxship traffic. Given the cur-market is severely supply constrainedhavebeentheextremelytightlaborFridayILWUno-shows]andwithrent uncertain economic outlook, when right now, noted Elisha Long, a TCCmarket, putting workers in the driversrecentdecliningvolumesreducingthis influx of cargo will happen is a senior vice president. Southern Newseat. But as industrial capacity expandsport transit delays below 10 days global sized question mark but as the Hampshireoffersalogicalexpan- in the Northeast to accommodate thea significant improvement comparedbox numbers already suggest, a greater sion path for users looking to enter,newnormal,higherwagesmakethewith 15+ days last year, but still wayshare of the freight will end up coming expand,ormaintaintheirlogisticsregion attractive for workers, and ben- off the low single digits of the pre- through NEC ports and into the hands footprint in metro Boston. efits employers as well. pandemicyearsobserversmightof Northeast consumers.Thisgeographicalshifttothe periphery also reflects a change in the useofthesenewproperties.E-com- R A T Imerce accounted for a high percentageL E B N Gof industrial leasing over the last twoEyears, but many that now are comingConlinearebeingtakenbyamore diversegroupoflogisticsplayers. E-commercegrowthishardlyover,19 0-20202but distribution and 3PL operations are taking up a larger proportion of avail- OF SE ICEableindustrialspace,accordingtoaRVrecent report from JLL, the real estate servicescompany,accountingforSUCCESS STARTS WITH A WINNING TEAM!25.8% of total leasing volume nation-ally during the fourth quarter of 2022. ThesefactsmayexplainwhySince our establishment in 1920, we haveWE OFFER OUR CUSTOMERS:warehousinggrowthineasternandbeen providing our global customers a centralPennsylvaniastandhighinOn-site Storage and Multi-modalJLLsrankings,withover35mil- premier level of service through superiorDistribution Serviceslion square feet absorbed in 2022 andhandling and performance, technologicalCustomer Access to 24 hour Inventory Trackingnearly 31 million under construction,advancements, and a perpetual eyethe only northeastern region to makeon customer satisfaction. Also, we offer oneStandard Berths and Ro-Ro Ramps are availablethosestandings.Theothernationalof the most cost effective and reliable laborSpecially engineered Lifting GearleadersareDallas/FortWorth,Chi- forces in the North Atlantic.Container Transloading from / to Rail or Truckcago, Phoenix, Houston, and Atlanta. On-site service provided by 2 Class IGrowthinwarehousingactiv- We have the ability to accommodate aRail Carriersity in the Northeast will be dependentvariety of automobile, breakbulk, bulk,Efficient Distribution to Two Thirds of the uponlaboravailability,representingcontainer and forest products. OurUnited States and Canadian populations within achallengeforemployers,thankstodistinction, is based on our ability to closely48 - 72 Hours prospects of an economic slowdown,coordinate your Stevedoring, Warehousing flattening e-commerce sales growth, andand Distribution Logistics. Amazon pausing its rapid expansion, notedareportreleasedbytheLeeds School of Business at the University of Colorado Boulder. Employment in the warehouseandstoragesector,which soared to record levels in mid-2022, has now had a string of monthly declines.According to the Bureau of Labor Statistics,e-commerceadded695,000FOR MORE INFORMATION workers between April 2020 and JuneCONTACT US AT:2022, but has since lost tens of thou-sands. Besides Amazons retrenchment,JH STEVEDORING, INC. atightlabormarket,notedareport2147 South Columbus Blvd. fromCommercialEdge,isallowingPhiladelphia, PA 19148workers to find higher-paying jobs. TEL: 215-218-3060ButintheNortheast,logisticsFAX: 215-218-3078and distribution jobs command higherWEB: www.jhstevedoring.comwagesthaninotherregions,which benefitsthegrowthinlogisticsbyPENN WAREHOUSING & DISTRIBUTION, INC. allowing employers to attract the nec- 2147 South Columbus Blvd. Philadelphia, PA 19148essarylabor,eventhough,accordingTEL: 215-218-3000to a Cushman report, the substantialFAX: 215-218-3043growth in industrial operations has out- WEB: www.pennwarehousing.compaced the growth of the workforce.Wagesforindustrialoccupations throughout the region, including Boston, where they are significantly higher than the U.S. average, provide a differen-tiator employers can leverage to attract talent in a tight national labor market, the Cushman report said.'