How big is the logistics industry? Infographic

How big is the logistics industry Infographic

Logistics encompasses essentially everything from a resource’s origin to a finished good’s destination.

Logistics is a broad term. It includes the physical accumulation, transportation and final distribution of resources. Logistics transactions can be simple two-party deals wherein a manufacturer produces a good and ships it directly to a final destination for consumption. Logistics transactions can be more complex, with many parties offering one or more key functions, like sourcing, manufacturing, handling, inventory, transportation, warehousing, etc. The number of providers on a single shipment could be many, with brokered transactions often involving third-party logistics providers (3PLs), 4PLs and more.  

Logistics covers:

  1. The physical process of accumulating resources
  2. The transportation or positioning of those resources 
  3. The final distribution of resources

How big is the logistics industry? 

The logistics industry ranges between $8 trillion and $12 trillion annually, calculated as a percentage of GDP.  

The U.S. attributes up to 10% of its annual GDP to the logistics industry — roughly $2 trillion in 2019. 

Global logistics industry by mode

The global logistics market was $9.6 trillion in 2018, broken down as:

Read the full article.

2018 Global Logistics by Mode/Function ($ in billions)
Source: Armstrong & Associates Inc.

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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