The Council of Supply Chain Management Professionals (CSCMP) released its 26th Annual State of Logistics Report, presented by Penske Logistics, at a press conference on June 23, 2015, at the National Press Club in Washington, D.C. The event also included a panel discussion of industry executives from Penske Logistics, Boeing, BNSF Railway, Domino’s, Yusen Logistics and Sustainable Supply Chain Consulting. Here is a report presentation from author Rosalyn Wilson. The report reveals total U.S. business logistics costs rose to $1.45 trillion in 2014, a 3.1 percent increase from the previous year. However, the growth rate for logistics costs was lower than the U.S. gross domestic product (GDP), resulting in a slight decline in logistics as a percent of GDP from 8.4 percent to 8.3 percent. Visit http://www.PenskeLogistics.com
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