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."