An annual benchmark report released today shows the continued impact of the economic slowdown on the U.S. logistics industry. The 21st Annual “State of Logistics Report ®,†released by the Council of Supply Chain Management Professionals (CSCMP) and presented by Penske Logistics, reveals that, continuing the decline reported in 2008, business logistics costs fell to 7.7 percent of U.S. Gross Domestic Product (GDP) in 2009, as compared to 9.3 percent the previous year. Total U.S. logistics costs dropped again last year showing a significant decrease from 2008. Interest rates remained historically low, and this, combined with lower inventory levels, pushed the interest paid on inventories down over 89 percent from 2008 levels.
Since 1988, the “State of Logistics Report®†has tracked and measured all costs associated with moving goods through the U.S. supply chain. The report benchmarks key metrics in U.S. logistics such as transportation and inventory-carrying costs, freight volumes, and revenues, giving practitioners a big-picture view of the performance of the U.S. supply chain process. Continue reading CSCMP’s “State of Logistics Report®†Reveals U.S. Logistics Industry Poised for Rebound