Zenith Transfers Maryland Opartions To New Facility
News : US freight services provider Zenith Global Logistics has relocated its warehousing facility in Maryland, according to the Journal of Commerce. The location of its freight hub has been shifted from Elkton to Aberdeen. The new location has 88,000 sq uare f ee t, an increase in size of 300%. The company also plans to open a facility in California.
BMI View: With US rail freight accounting for around 14% of the total landside freight transport volumes, it is road haulage that carries the bulk of the remainder, accounting for roughly 83% of volumes according to our 2013 forecasts (inland waterways make up the remainder, around 3%). In line with the rest of our US freight transport forecasts, we see road haulage enjoying robust growth in 2013, forecasting an expansion in volumes of 4.5%, following an estimated growth of 4.4% in 2012. This forecast is unchanged from last quarter, and reflects the gradual pick up in US trade, both internal, and with Mexico and Canada. This would see 12.67bn tonnes transported on the country's roads over the 12-month period.