Logistics industry continues slow rebound
Thursday, June 19, 2014 11:44 AM
Logistics costs for U.S.
businesses rose to $1.39 trillion in 2013, a 2.3 percent increase over the
previous year, according to the 25th Annual State of Logistics Report
released by the Council of Supply Chain Management Professionals. Logistics costs as a percentage of U.S. gross domestic product declined for the
second year in a row, indicating that the logistics sector is not keeping pace
with the growth in the overall economy, the report said. This year's report
reveals that the transportation sector grew only 2.0 percent, with all modes
experiencing modest gains in revenue. Despite the weak revenue picture, tonnage
was up due to heavier average loads per shipment.