Logistics Costs Increasing but at Much Slower Pace

Logistics Costs Increasing but at Much Slower Pace

The 27th Annual State of Logistics Report, released on June 21, reveals that U.S. business logistics costs rose to $1.48 trillion in 2015, a 2.6% increase from the previous year, which represents a considerable slowdown from previous years.

"Supply chain transparency continues to grow in importance for shippers and third-party logistics providers," said Marc Althen, Penske Logistics President. "This is driving significant technological change for 3PLs and shippers alike as they collaborate and share more real-time information to enable data-driven business decisions and meet the growing needs of consumers."

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Forging is an IndustryWeek companion site within Penton's Manufacturing & Supply Chain Group.


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