State of Logistics report

No surprise: Report finds logistics costs spiked in 2021

container terminal

The 33rd annual State of Logistics Report, the year-over-year report card of the U.S. business logistics system, confirmed empirically what everyone already knew: 2021 was nirvana or a nightmare depending on what one does for a living.

Total logistics costs, which measure how much was spent on transportation, warehousing and ancillary services such as support and administrative, soared 22.4% last year to nearly $1.85 trillion, according to the report. That was equal to 8% of the U.S. GDP, a...

https://www.freightwaves.com/news/no-surprise-report-finds-logistics-costs-spiked-in-2021

‘State of Logistics’ report casts more favorable light on logistics spending

For more than 30 years, the headline number from the Council of Supply Chain Management Professionals’ (CSCMP) “State of Logistics” report, the latest version of which was released Thursday, has been the ratio of business logistics costs to U.S. GDP. The lower the ratio, the more efficient the country’s logistics system because the cost of moving goods consumes a smaller slice of the total economic pie. Or so the argument has gone ever since the report’s inception.

The events of 2020, however,...

https://www.freightwaves.com/news/state-of-logistics-report-casts-more-favorable-light-on-logistics-spending