On June 20, CSCMP and new lead author AT Kearney released the 28th annual State of Logistics Report at the National Press Club in Washington DC.
The headline news was that overall relative US logistics costs were modestly down for the third straight year in 2016, to 7.5% of GDP from the 7.84% seen in 2015. The peak year in the past decade was 2007, when logistics costs hit 8.59% of GDP
It is a complex process to make these calculations, looking at costs ranging from trucking to pipelines and inland waterways, but the methodology has been honed over many years, and provides great insight into the burden of logistics on the overall economy. China's cost of logistics is closer to 20% of GDP, as just an example.
Below is a chart from the report showing the 2016 logistics cost breakdown by all the major categories.
US Logistics Cost Breakdown 2016
Source: 2017 State of Logistics Report
So as can be seen, absolute US logistics costs actually decreased 1.5% in 2016, versus an average of 2.6% annual growth over the past 5 years.
You can find our full summary of this year's report here: State of the Logistics Union 2017
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