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U.S. logistics costs grew 6.6 percent in 2011

Thursday, June 14, 2012

U.S. business spending on purchased freight transportation and logistics services increased 6.6 percent, or $79 billion, in 2011 to $1.28 trillion as companies held more inventory and paid higher rates for trucking and rail transportation, according to the 23rd annual "State of Logistics Report." Logistics costs are still well below the peak of $1.39 trillion in 2007, before the global financial crisis, and in relation to the overall economy are near an all-time low. Logistics costs as a...

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