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Demand for freight and logistics services in 2014 reached record levels in some sectors. If growth continues as expected, then tighter capacity—and higher rates—are likely to follow.
Logistics costs accounted for 8.3 percent of U.S. GDP last year, according to the annual report issued by the Council of Supply Chain Management Professionals (CSCMP).
After a slow start, demand for transportation services is on the rebound, and the year could turn out to be a busy one for shippers, carriers, and service providers.
The Council of Supply Chain Management Professionals (CSCMP) annual research report says logistics costs as a percentage of gross domestic product (GDP) fell to 8.2 percent last year.
A company-controlled private fleet reportedly will serve the 40 largest population centers, with the balance handled by regional parcel carriers and the U.S. Postal Service.