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Logistics cost U.S. $1.33 trillion in 2012

By , - Last modified: June 20, 2013 at 10:03 AM

The 24th Annual State of Logistics Report sponsored by Penske Logistics of Reading for the Council of Supply Chain Management Professionals shows that business logistics costs in the U.S. rose 3.4 percent to $1.33 trillion in 2012.

The report said that remains 8.5 percent of the U.S. gross domestic product, which the council said suggests that the figures are no longer part of a recovery mode, but are part of the new normal for the economy and supply management.

The report said logistics costs as a percentage of GDP in the U.S. compares quite favorably to that of international trading partners.

Slow economic growth has kept the percentage lower than normal, but the supply chain sector has made great strides in productivity, asset utilization and inventory management in the last three years.

The report also showed that intermodal will continue to grow and is becoming the most efficient way to move goods.

Stacy Wescoe

Stacy Wescoe

Writer and online editor Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

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