Dallas-Fort Worth Market ‘Incredibly Strong’
Not only is the Dallas-Fort Worth region—commonly referred to as DFW or the Metroplex—the 4th largest metropolitan area in the United States, but the Brookings Institution ranked DFW 11th for growth and 15th for prosperity out of 100 US metropolitan areas in their 2017 Metro Monitor Dashboard. Job growth has been better than expected this year, up 16.2%, with the most significant impacts coming from computer systems design (63%), freight / trucking (44%), and management of companies and enterprises (42%).
That strength stems from a number of complex and interdependent factors. But, says Rob Doyle, president of The Shippers Group, headquartered in Dallas, “it doesn’t hurt that across our 13 counties you’ll find well over a dozen Fortune 500 companies including American Airlines, AT&T, ExxonMobil, Kimberly-Clark, and Texas Instruments.” Over 8,000 companies in all exported goods worth $28.7 billion from the area last year, making DFW the 9th largest export market in the US. The Metroplex boasts four major interstates, three major airports, and three major railroads, creating a perfect hub for logistics and manufacturing operations of all types and sizes.
We are less than 48 hours from every major market in North America.
Rob Doyle, President
The Shippers Group
Numerous publications and organizations rank Texas a TOP State for Doing Business
Automotive, Food & Beverage, eCommerce Sectors Are Particularly Strong
The Shippers Group operates five, strategically-located DFW facilities with expertise in both the Automotive and Food & Beverage industries, both of which are experiencing growth right now. As a state, Texas ranks #6 nationally for automotive manufacturing employment and automotive exports surged 68% between 2008-2012. Anchored by Peterbilt (Denton, TX), General Motors (Arlington, TX), and 15+ other major suppliers, here in the Metroplex we have a concentration of light and heavy-duty trucks, electrical equipment, air conditioning, interiors, truck and travel trailers, and campers manufacturing.
As for food and beverage, according to local research firm Industrial Info Resources, firms are spending an estimated $2.5 billion on capital expenditures for new construction, upgrades and expansions to processing and distribution operations across the state. For example, Pegasus Foods announced construction of an 80,000-square-foot manufacturing plant in neighboring Rockwall in order to expand its food-production capacity, and specialty ingredients maker Parker Products recently broke ground on a 90,000-square foot facility.
We are also seeing positive trends in a variety of other sectors such as healthcare, medical devices, commercial and residential construction, and high tech. In particular, DFW has become a leader for data center locations, with recent investments by social media giant Facebook and Digital Realty, the world’s largest wholesale data center provider. Another hotbed of activity is happening around e-commerce with major expansions in DFW by retail powerhouses Walmart and Amazon.
Shipper’s Is Growing Steadily, Adding New Facilities: Hutchins, TX Over 500,000 Sq Ft
Business is certainly increasing in the DFW area. We are seeing steady growth with both new business and an increase in the number of RFP’s we are being asked to respond to. In just the past 18 months we’ve added four new facilities across the country and the prospects for yet additional facilities are very good. Our newest warehouse, being built alongside our current building in Hutchins, will be over 500,000 square feet and is expected to open next spring. Hutchins is already home to 42 of our customers and offers both ambient and temperature controlled operations. We also expect to see continued growth from the food sector as we leverage the industry’s investments locally and evolve our packaging and fulfillment operations to widen our advantage over the competition.
Here are just a few of the other mid-year highlights we are excited about:
- Customer audit of our Wintergreen facility scored 96 of a possible 100
- AA Rating awarded to our Grand Prairie facility by BRC Audit (the highest possible score)
- Shipper’s Group named to Inbound Logistics’ G75 List of the 75 leading companies for Green Supply Chain Partners
- AIB Audit of our Forney facility scored 935 of possible 1000
- Voice Pick implementation at Wilmer facility
The Shippers Group Continues Tradition: Understand. Deliver. Improve.
The Q3 spotlight featuring our Atlanta-based operations already revealed that Shippers Warehouse is now The Shippers Group. And although we’ve been in business for 116 years, we continue evolving as a company, living up to our motto: ‘Understand. Deliver. Improve.’. We constantly seek ways to improve our operations and expand services for our customers until we can truly be a one-stop-shop offering, warehousing, transportation, packaging and e-commerce solutions for our customers.
Texas has a thriving economy and very low unemployment (hovering around 3.5%). This can cause challenges in finding new employees to join our growing team. However, we are working through that and finding success in building our talented and diverse team. In addition to collaborating with local partners, we recently launched an Associate of the Month program and kicked off a Town Hall Meeting initiative to continue to reinforce our positive culture.
Along with the entire nation, here at The Shipper’s Group we were touched by the devastation of the recent hurricanes in Texas and Florida. Thankfully, we were able to assist those in need by providing warehousing and transportation services to Federal Emergency Management Agency (FEMA), American Logistics Aid Network (ALAN), and other local non-profit organizations.