WarehouseQuote Releases Q3 2023 Warehouse Pricing Index Report
WarehouseQuote released its Q3 2023 Warehouse Pricing Index (WPI) report on July 20, 2023. The report shows a 9% year-over-year increase in warehouse storage costs nationwide, with prices remaining high amid capacity expansion and stabilizing inventory levels. The report also includes in-depth insights from C.H. Robinson and S&P Global Market Intelligence, and provides an outlook on 3PL industry trends for the remainder of 2023.
WarehouseQuote today announced the release of its Q3 2023 Warehouse Pricing Index (WPI) report. The report provides national, regional, and segment-level warehousing insights, focusing on the cost dynamics of outsourced inventory management.
According to the Q3 2023 Warehouse Pricing Report, national storage costs increased 9% year-over-year. Despite continued warehouse capacity expansion and inventory levels beginning to stabilize across most industries, prices remain elevated.
"With capacity broadly coming online, warehouse pricing remains high, consistent with the 8% to 10% year-over-year increases seen nationally over the past several quarters." — Jacob Roseburrough, Director of Marketing
The Q3 2023 report also incorporates comprehensive insights from C.H. Robinson and S&P Global Market Intelligence. Additionally, WarehouseQuote provides its own perspective on the current state of the 3PL industry and the outlook for the remainder of 2023.
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WarehouseQuote is a managed warehousing solutions provider that helps mid-market and enterprise customers scale their warehousing operations with precision. The company combines an agile network of 250+ facilities with logistics expertise and an integrated technology platform, enabling businesses to design efficient fulfillment networks through a single technology platform. Hundreds of B2B and B2C companies leverage WarehouseQuote to scale, streamline, and optimize their warehousing operations.