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 June 1, 2022, medium-duty trucks Class 4 through Class 7 experienced a month-over-month drop in overall wholesale values.
Access Now
As of May 1, 2022, pickup trucks and medium-duty trucks through Class 7 experienced a month-over-month rise in overall wholesale values.
Access Now
As of April 1, 2022, pickup trucks and medium-duty trucks through Class 7 experienced a month-over-month drop in wholesale values.
Access Now
As of March 1, 2022, all truck classes experienced a stabilitization of wholesale values.
Access Now
As of Dec. 1, 2021, all truck classes, from pickups to Class 4 medium-duty through heavy-duty Class 8 units, experienced an increase in wholesale values over the prior month.
Access Now
Although labor issues remain a significant challenge for respondents in the National Private Truck Council's annual survey, they continued to report retention and turnover performance far better than their for-hire colleagues.
Access Now
Heavy-duty truck driver and tractor-trailer driver wages and employment rates vary greatly by state.
Access Now
As of March. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.
Access Now
While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers.
Access Now
EPA SmartWay data from 2018 shows Class 7, 8A, and 8B mileage-weighted miles per gallon data for each truck category for SmartWay program participants.
Access Now
The number of models of zero-emission trucks, buses, and off-road equipment available globally is expected to double between the end of 2019 and 2023.
Access Now
As of Jan. 1, 2020, all truck classes experienced decreases in wholesale values over the past month.
Access Now
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