Ntect | Industry profile

Warehousing and storage
Industry profile, February 2020

Sections: Description | Pricing | Costs | Demand | Appendix

This page is an industry profile for the Warehousing and storage industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.

Industry Description

Industries in the Warehousing and Storage subsector are primarily engaged in operating warehousing and storage facilities for general merchandise, refrigerated goods, and other warehouse products. These establishments provide facilities to store goods. They do not sell the goods they handle. These establishments take responsibility for storing the goods and keeping them secure. They may also provide a range of services, often referred to as logistics services, related to the distribution of goods. Logistics services can include labeling, breaking bulk, inventory control and management, light assembly, order entry and fulfillment, packaging, pick and pack, price marking and ticketing, and transportation arrangement. However, establishments in this industry group always provide warehousing or storage services in addition to any logistic services. Furthermore, the warehousing or storage of goods must be more than incidental to the performance of services, such as price marking.

This industry description was sourced from the North American Industry Classification System.

Industry Pricing

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As of January 2020, prices in this industry had increased 0.5 percent since the previous quarter.
From January 2019 to January 2020 prices in this industry increased 0 percent.
Prices increased 8 percent in the five year period starting in January 2015 and ending in January 2020.

+0.5%
From the previous quarter ¹

+0%
From the previous year ¹

+8%
From five years ago ¹

Industry Costs

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As of January 2020, costs in this industry had increased 0 percent since the previous quarter.
From January 2019 to January 2020 costs in this industry increased 0.5 percent.
Costs increased 8.4 percent in the five year period starting in January 2015 and ending in January 2020.

+0%
From the previous quarter ³

+0.5%
From the previous year ³

+8.4%
From five years ago ³

For details on which industries are included in each sector, click here

The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 50% of the industry's overall costs.
From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Real Estate and Rental and Leasing sector. Costs associated with this sector decreased -5.1%.

**Major Industry Costs by Sector**
Sector Name	Percentage of Costs	Annual Percent Change ⁴
Labor	50%	+3.5%
Real Estate and Rental and Leasing	14.6%	-5.1%
Transportation and Warehousing	9.8%	+3.3%
Manufacturing	7.7%	-2%
Utilities	7.5%	-0.2%

Industry Demand

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As of July 2019, demand for this industry had increased 0.7 percent since the previous quarter.
From July 2018 to January 2020 costs in this industry increased 7.6 percent.
Costs increased 19.4 percent in the five year period starting in July 2014 and ending in July 2019.

+0.7%
From the previous quarter ⁴

+7.6%
From the previous year ⁴

+19.4%
From five years ago ⁴