U.S. business logistics costs, as calculated in CSCMP’s 2019 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 11.4% in 2018 to reach $1.64 trillion, or 8% of the $20.5 trillion GDP.
All subsegments rose to their highest level since 2014, with private and dedicated fleets leading the way, up by 13%. Truckload was up 8.3%, LTL up 7.6%. Parcel was up over 7%, reflecting strong e-commerce growth and pricing power from providers. In addition, a buildup in inventory in the second half of the year drove inventory costs up 14.8%.
As e-commerce sales hit $513 billion, nearly 10% of total retail, in 2018, parcel expenditures rose 8.7% to $105 billion. Amazon is training customers to expect ever-faster deliveries, forcing competitors to chase those expectations, while at the same time growing its own transportation network and entering the third-party logistics business. This is sparking a furious pace of last-mile innovation, partnerships, and new technology.
By TruckingInfo
As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
Access Now
As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values.
Access Now
As of Feb. 1, 2020, all 2015-2017 model-year truck classes experienced an increase in resale values. Class 8, heavy-duty trucks experienced the biggest dip in January 2020 and experienced the biggest rebound in February.
Access Now
As of Jan. 1, 2020, all 2015-2017 model-year truck classes except Class 7 medium-duty units experienced a decrease in resale values.
Access Now
As of Dec. 1, 2019, pickup truck values continued their downward trend a bit more steeply between November and December 2019 since a peak in June.
Access Now
As of November 1, 2019, pickup truck values have continued a slow, downward trend since a peak in June 2019.
Access Now
For U.S. Class 8, orders averaged 40,800 units per month in 2018, but for the first half of 2019, just 14,600 per month.
Access Now
As of October 1, 2019, pickup truck values have remained relatively stable compared to the drop experienced in August 2019.
Access Now
As of September 1, 2019, pickup truck values rose from the drop experienced in August 2019, while Class 4-8 trucks all decreased on value compared to the same time last month.
Access Now
As of August 1, 2019, pickup truck values are continuing to drop from their peaks in May and June.
Access Now
As of July 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks started to shake up a little.
Access Now
As of June 1, 2019, overall wholesale values for all pickups and Class 4-8 trucks continued to decline since same time last year.
Access Now
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
