NEW ORLEANS – Today, Greater New Orleans, Inc. released the State of the Sector report on the Transportation and Logistics sector in the Greater New Orleans region. This State of Sector analysis, generously funded by Bank of America Merrill Lynch, focuses on specifics of current and future workforce/job opportunities over the next decade in the Greater New Orleans region.
GNO, Inc.’s State of the Sector analysis provides industry, education, and community partners with a snapshot of our region’s key industry sectors. The reports provide clear explanations for the factors driving growth in the sector, and aim to answer frequently asked questions related to current and future industry workforce needs across the region.
“As we continue to diversify our economy, it is ever important to support and grow our legacy industries, upon which our economy was built, said Michael Hecht, President & CEO, Greater New Orleans, Inc. “Our State of the Sector report on Transportation and Logistics makes clear that this industry, while historic, has a promising future in front of it. Thousands of Louisianans will find a range of well-paying jobs on the Mississippi for decades to come.”
With a focus on Transportation and Logistics opportunities over the next decade, this report provides diverse partners with accessible and actionable information that will inform individual choices about education and training programs to pursue, and institutional investment in programs projected to be in high demand moving forward.
“Bank of America Merrill Lynch is pleased to support the release of GNO’s “Transportation and Logistics State of the Sector Report,” said Jonathan Matessino, Vice President of Global Commercial Banking at Bank of America Merrill Lynch. “We share GNO’s vision of understanding the specific needs of the industry in New Orleans, so we can continue to help our clients grow responsibly here and beyond.”
Key takeaways from the report include:
- There are 25,279 Transportation and Logistics jobs in the Greater New Orleans region
- 64% of Transportation and Logistics jobs require middle-skills, meaning training or education beyond high school, but less than a bachelor’s degree
- The average yearly wage in the industry is $47,340 – nearly $5,000 higher than regional wages across all occupations
The following data points can be found in the report:
- Transportation and Logistics Sector Characteristics
- Distribution of Skills in the Transportation and Logistics Sector
- Transportation and Logistics Key Regional Assets
- In-Demand Skills and Career Ladders
The research, analysis, and creation of this report was funded by Bank of America Merrill Lynch. This is the sixth installment of GNO, Inc.’s State of the Sector Reports. Previous reports include: Energy, Water Management, Advanced Manufacturing, Health Sciences, and Digital Media. The current report on Transportation and Logistics and previous reports can be found online at https://gnoinc.org/stateofthesector/.
About Greater New Orleans, Inc.
GNO, Inc. is the regional economic development organization for Southeast Louisiana. The GNO, Inc. Mission is to create jobs and wealth in the Greater New Orleans community. The GNO, Inc. Vision is for the Greater New Orleans region to fulfill its potential as one of the best places in the country to grow a company, and raise a family.
More information can be found at www.gnoinc.org.