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U.S. logistics costs decline as a percent of GDP
CSCMP's annual "State of Logistics Report" measures the impact of logistics costs on the U.S. economy. One of the major findings of this year's report: In 2008 U.S. logistics costs reached $1.3 trillion, or 9.4 percent of the country's $13.8 trillion gross domestic product (GDP). Although transportation costs rose by 2 percent, carrying costs declined 13.2 percent due to decreased inventories and lower interest rates. As a result, logistics as a percentage of the overall economy dropped from the previous year's figure of 10.1 percent of GDP.
The full report is available to CSCMP members at cscmp.org/memberonly/state.asp.
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Source: 20th Annual "State of Logistics Report," CSCMP, June 2009
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