Logistics Costs on the Rise as E-Commerce Puts Pressure on Supply Chain

Logistics costs are rising and the upward trend may be ongoing. U.S. business logistics costs increased 6.2% in 2017 compared to the previous year, to a new annual record of $1.5 trillion, according to a supply chain study produced by management consulting firm A.T. Kearney and presented by Penske Logistics. This represented 7.7% of gross domestic…