U.S. business logistics costs in 2011 rose to $1.28 trillion, 6.6% from the previous year and accounting for 8.5% percent of the U.S. gross domestic product, according to the 23rd annual “State of Logistics Report” published by The Council of Supply Chain Management Professionals.
The report, authored by transportation consultant Rosalyn Wilson of Delcan, Inc., has tracked and measured all costs associated with moving freight through the U.S. supply chain since 1988. This year’s report presents an overview of the economy over the past year, the logistics industry’s key trends, and the total U.S. logistics costs for 2011. It also examines which sectors of the industry are recovering, which are facing challenges, and areas that can be targeted for increased investment. The research concludes with a brief overview of industry indicators for the remainder of 2012. The supply chain management benchmark report is now available for distribution.
This year’s report reveals that with overall revenue 15.3% higher than 2010. Railroads gained market share, especially in intermodal, and did not experience capacity problems faced by the trucking sector. Trucking companies are also using intermodal rail help to offset the impacts of driver shortages and the costs of acquiring and maintaining new equipment. In spite of tightening capacity and an overall decline in volume, trucking rates were up 5% to 15% in 2011.
The “State of Logistics Report®” is available to CSCMP members free of charge as part of their member benefits at http://cscmp.org/memberonly/state.asp. The price of the report is $395.00 USD.