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CSCMP’s Annual State of Logistics Report® by CSCMP

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Introduction

The cost of the US business logistics system rose 2.3% in 2013, a significant drop from the 3.4% rise in 2012 (Slide 1). Business logistics costs increased to $1.39 trillion, up $31 billion from 2012. In 2013, logistics costs as a percent of the nominal gross domestic product (GDP) declined to 8.2%. This means that the freight logistics sector was growing at a slightly slower rate than GDP.

Both inventory carrying costs and transportation costs rose slightly in 2013. Inventory carrying costs increased 2.8% (Slide 2). Total business inventories rose again in 2013, pushing up related costs, such as taxes, depreciation, obsolescence, insurance, and warehousing. Interest rates declined again in 2013, pushing the interest component down ...

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