Reported 2 days ago
The CSCMP's annual logistics report highlights a significant increase in U.S. logistics spending, which has risen to $2.58 trillion, equating to 8.8% of the GDP. This shift indicates a stabilization at higher levels than pre-COVID, driven by factors such as elongating supply chains and rising transportation costs, particularly in water logistics. The report also forecasts continued challenges for the trucking industry owing to escalating tariffs and geopolitical tensions, suggesting that pressures on logistics costs are unlikely to decrease in the near future.
Source: YAHOO