Total U.S.
business logistics costs in 2011 rose to $1.28 trillion, a 6.6% increase from
the previous year and accounting for 8.5% of the U.S. gross domestic product,
according to the Council of Supply Chain Management Professionals' 23rd Annual
"State of Logistics Report," presented by Penske Logistics.
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.
Inventory
carrying costs in 2011 continued their rising trend and overall inventories
have returned to pre-recession levels, which could be a cause for concern for
the economy. The growth has occurred among wholesalers and manufacturers while
retail inventories remained flat, indicating that inventory management
processes have changed.
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