The 28th annual State of Logistics Report was released June 20 at a press conference in Washington, DC. One of the key insights of the report, titled “Accelerating into Uncertainty,” is that 2016 saw the first drop in U.S. business logistics costs since 2009.
This year’s report presents an overview of the economy during the past year, the logistics industry’s key trends, and the total U.S. logistics costs for 2016. The report includes a focused narrative on the economic environment impacting logistics; insights from interviews with industry leaders, including shippers, carriers, and analysts; a spotlight on relevant trends; and a strategic point of view on the state of the industry.
According to the news release, “CSCMP collaborated with global strategic management consulting firm, A.T. Kearney, as the author and researcher, with Penske Logistics continuing in its longstanding role as presenter of the report.”
Highlights of the report include:
- U.S. economic growth will be strong in the near term
- Rising interest rates and an appreciating U.S. dollar could increase the costs of doing business
- Businesses appear to be cautious in adding inventory under the cloud of uncertainty
- Fluctuations in truck tonnage demand to continue as businesses adjust their outlook over time
CSCMP’s 28th Annual State of Logistics Report® is available FREE for CSCMP members.