In this blog post, we will delve into the latest statistics and trends in the US logistics industry. From the movement of goods to warehousing and transportation, the logistics sector plays a crucial role in the economy. Stay tuned to discover key insights and data that shed light on the state of logistics in the United States.
The Latest Us Logistics Industry Statistics Explained
In 2018, business logistics costs in the United States amounted to about 1.53 trillion U.S. dollars.
This statistic indicates that in the year 2018, the total expenditure on business logistics in the United States amounted to approximately 1.53 trillion U.S. dollars. Business logistics costs encompass a range of expenses related to the management and transportation of goods and materials, including activities such as inventory management, warehousing, transportation, and distribution. This figure serves as a key indicator of the size and importance of the logistics industry in the United States, highlighting the significant financial investment made by businesses to ensure the efficient movement of goods within the country. Such data is crucial for policymakers, businesses, and analysts to understand the overall economic activity and competitiveness of the U.S. logistics sector.
The US market accounted for about 40.53% of the global supply chain management market in 2018.
The statistic “The US market accounted for about 40.53% of the global supply chain management market in 2018” indicates that the United States held a significant share of the total global supply chain management market in that year. This implies that US-based companies were major players in the supply chain management industry, both domestically and internationally. The high percentage suggests that the US market had a strong influence on shaping trends, driving innovation, and impacting the overall performance of the global supply chain management sector. This statistic underscores the importance of the US market in the realm of supply chain management and highlights its prominence on a global scale.
Business-to-business (B2B) logistics spending in the United States amounts to over 600 billion U.S. dollars.
The statistic indicates that the total amount spent on business-to-business (B2B) logistics within the United States surpasses 600 billion U.S. dollars. B2B logistics refers to the management and transportation of goods and services between businesses rather than from businesses to consumers. This significant expenditure reflects the substantial scale and importance of B2B activities in the U.S. economy. Efficient logistics processes are crucial for businesses to ensure timely delivery of goods, maintain supply chain operations, and meet customer demands. The substantial investment in B2B logistics underscores the critical role it plays in facilitating the smooth operation and growth of businesses across various industries within the country.
The warehousing and storage industry had a value of around 26 billion U.S. dollars in 2019.
In 2019, the warehousing and storage industry in the United States generated approximately 26 billion U.S. dollars in revenue. This statistic indicates the total value of goods stored and services provided by warehouses during that year, reflecting the significant economic contribution of this industry. The figure highlights the scale and importance of warehousing and storage activities, which play a crucial role in the logistics and supply chain management processes of various businesses across different sectors, facilitating the efficient movement and management of goods. This statistic serves as a key indicator of the industry’s financial performance and overall impact on the broader economy.
The market revenue of truck transportation in the United States accounts for over 780 billion U.S. dollars.
The statistic that the market revenue of truck transportation in the United States accounts for over 780 billion U.S. dollars indicates the significant economic impact of the trucking industry in the country. This figure represents the total value of goods and services generated by truck transportation companies operating within the United States. The sizeable revenue highlights the essential role that trucking plays in the American economy, facilitating the movement of goods across vast distances and supporting various industries. Furthermore, the high revenue figure underscores the extensive scale of the trucking sector in terms of employment, infrastructure, and overall contribution to the national GDP.
The United States was the largest market for transportation and logistics services in 2019.
The statistic “The United States was the largest market for transportation and logistics services in 2019” indicates that in terms of revenue and market activity, the United States held the top position in the global transportation and logistics industry during that year. This suggests that the United States had the highest level of demand for transportation and logistics services compared to other countries, reflecting the country’s strong economy and extensive trade networks. The size and complexity of transportation infrastructure in the US, along with the volume of goods and services moving through the country, contributed to its position as the leading market for transportation and logistics services in 2019.
About 66% of manufacturers and retailers in the U.S. believe that transportation is their primary logistics cost.
The statistic that approximately 66% of manufacturers and retailers in the U.S. believe that transportation is their primary logistics cost indicates a significant perception within the industry regarding the financial impact of transportation on their operations. This suggests that a majority of businesses involved in manufacturing and retailing view transportation as the most substantial cost component within their logistics operations, highlighting its importance in terms of budgeting and efficiency. This statistic underscores the critical role that transportation plays in the overall supply chain management of these businesses, emphasizing the need for effective transportation strategies to optimize cost savings and operational performance.
In 2020, E-commerce logistics costs in the US were projected to reach 66.6 billion U.S. dollars.
The statistic that in 2020, E-commerce logistics costs in the US were projected to reach 66.6 billion U.S. dollars highlights the substantial financial investment associated with the logistical operations of handling goods purchased online. E-commerce logistics costs encompass various components such as warehousing, transportation, order fulfillment, and inventory management, among others. This projected figure indicates the significant scale and economic value of the logistics infrastructure required to support the growing e-commerce industry in the United States. As consumer preferences continue to shift towards online shopping, the demand for efficient logistics services is expected to increase, further emphasizing the importance of understanding and managing these costs for businesses operating in the e-commerce sector.
The United Parcel Service (UPS) leads among delivery and freight companies in the US, with net revenue of 84.6 billion U.S. dollars in 2020.
The statistic indicates that the United Parcel Service (UPS) has the highest net revenue among delivery and freight companies operating in the United States in 2020, amounting to 84.6 billion U.S. dollars. This suggests that UPS has been successful in generating significant revenue through their delivery and freight services in a highly competitive market. The large revenue figure implies that UPS handles a substantial volume of packages and freight shipments, highlighting their strong market presence and customer demand for their services. This statistic positions UPS as a leading player in the industry, indicating its dominance in the US delivery and freight sector.
There are over 800,000 trucking companies operating in the United States.
The statistic that there are over 800,000 trucking companies operating in the United States indicates the significant presence and impact of the trucking industry on the country’s economy and transportation infrastructure. This large number of companies highlights the diversity and competition within the industry, ranging from small, independent operators to large fleet corporations. The trucking sector plays a crucial role in moving goods across the nation, supporting various industries such as manufacturing, retail, and agriculture. The sheer volume of trucking companies also suggests a high demand for freight transportation services, reflecting the essential role of trucks in the supply chain and logistics network of the United States.
The air cargo industry generated over $75.9 billion in revenue in the United States in 2020.
The statistic that the air cargo industry generated over $75.9 billion in revenue in the United States in 2020 highlights the significant economic contribution of this sector to the country’s economy. This revenue figure includes income generated from transporting goods via air freight services, reflecting the importance of the industry in facilitating the movement of products across both domestic and international markets. The robust revenue generated by the air cargo industry underscores its role in supporting various sectors such as manufacturing, e-commerce, and global trade. Additionally, the sizeable revenue figure indicates the demand for air cargo services and signifies the industry’s resilience amidst challenges such as the Covid-19 pandemic, which has disrupted global supply chains and transportation networks. Overall, this statistic underscores the economic significance of the air cargo industry in the United States.
The US rail freight industry is dominated by two companies, with Union Pacific and BNSF together accounting for over 50% of the industry’s revenue.
The statistic highlights the significant market share held by Union Pacific and BNSF in the US rail freight industry, as the two companies collectively generate more than half of the industry’s total revenue. This dominance suggests that Union Pacific and BNSF play a crucial role in shaping the competitive landscape and overall performance of the industry. The concentration of market power in these two companies may have implications for pricing dynamics, service quality, and overall industry competitiveness. Additionally, their substantial market share indicates a potential barrier to entry for new competitors, further solidifying their stronghold in the rail freight sector.
There are over 95,000 miles of coastline in the US, accounting for a large portion of international trade.
The statistic that there are over 95,000 miles of coastline in the US highlights the vast geographical reach of the country, providing ample opportunities for maritime trade and transportation. With such an extensive coastline, the US has numerous ports and harbors that serve as crucial gateways for international trade, facilitating the exchange of goods and services with other countries. The coastline’s strategic location also allows for efficient and cost-effective shipping routes, making it a key player in global trade networks. Ultimately, the statistic underscores the significant role that the US coastline plays in supporting and driving international commerce and economic growth.
US ports handle more than 2 billion tons of domestic, import, and export cargo annually.
The statistic that US ports handle more than 2 billion tons of domestic, import, and export cargo annually highlights the significant role that ports play in the country’s economy and global trade. This data reflects the massive volume of goods being imported into and exported from the United States through these ports, emphasizing the importance of efficient logistics and infrastructure to support such large-scale operations. The sheer magnitude of cargo being processed annually showcases the critical role that ports play in facilitating trade relationships, supporting domestic industries, and contributing to the overall economic growth of the nation.
The trucking industry in the U.S. consumes around 38 billion gallons of diesel each year.
The statistic that the trucking industry in the U.S. consumes around 38 billion gallons of diesel each year indicates the significant reliance of this sector on diesel fuel for its operations. Diesel is a primary fuel source for trucks due to its efficiency and power output, making it crucial for transporting goods across the country. This massive consumption of diesel also reflects the scale and magnitude of the trucking industry in the U.S., highlighting its importance for the economy and its role in ensuring the functioning of supply chains and transportation networks. Additionally, the statistic underscores the environmental impact of the trucking industry, as such high levels of diesel consumption contribute to air pollution and greenhouse gas emissions.
98.5% of all LTL (Less-Than-Truckload) carriers operate 20 or fewer trucks.
This statistic indicates that a significant majority (98.5%) of all LTL carriers, which are transportation companies that consolidate smaller shipments from multiple clients into a single truck for delivery, operate with a relatively small fleet size of 20 trucks or fewer. This finding highlights the prevalence of smaller-scale operations within the LTL industry, implying a market structure dominated by numerous small carriers as opposed to a few large ones. Understanding this distribution of fleet sizes among LTL carriers can provide insights into the industry dynamics, competition, and potentially the level of fragmentation in the market.
8.9 million people are employed in trucking-related jobs in the United States.
The statistic that 8.9 million people are employed in trucking-related jobs in the United States indicates the significant role that the transportation industry plays in the country’s economy. Trucking-related jobs encompass various roles such as truck drivers, logistics coordinators, mechanics, and administrative staff within the trucking industry. This vast number of individuals involved in trucking-related work highlights the reliance on the transportation of goods by road to maintain the flow of commerce and meet the needs of businesses and consumers across the nation. Additionally, the statistic underscores the widespread employment opportunities and economic impact that the trucking industry has on both local and national levels.
The majority of US freight is transported by truck, representing over 70% of all U.S. freight tonnage.
The statistic indicates that the transportation of freight in the United States heavily relies on trucks, with over 70% of all freight tonnage being transported through this mode of transportation. This highlights the significant role that the trucking industry plays in the movement of goods across the country, emphasizing its dominance in the transportation sector. Factors contributing to this high percentage may include the extensive road network in the US, the flexibility and door-to-door delivery capabilities of trucks, as well as their ability to transport various types of goods over short and long distances efficiently. The reliance on truck transportation for the majority of freight underscores the importance of this mode of transportation in facilitating trade, commerce, and supply chain operations within the US.
Between 2016 and 2020, the transportation and warehousing industry in the US maintained an average annual growth rate of 3.5%.
The statistic indicates that from 2016 to 2020, the transportation and warehousing industry in the United States experienced consistent growth, with an average annual growth rate of 3.5%. This suggests that the industry expanded by approximately 3.5% each year on average during this period. Such growth is indicative of a healthy and thriving sector, demonstrating increased demand for transportation and warehousing services in the US. This statistic can be useful for investors, policymakers, and industry stakeholders to assess the overall performance and trajectory of the transportation and warehousing industry over the specified timeframe.
Conclusion
Overall, the statistics presented on the US logistics industry shed light on the significant role it plays in the economy. With the advancements in technology and the growing demand for efficient supply chain management, the industry continues to evolve and expand. By staying up-to-date with the latest trends and data, businesses can make informed decisions to optimize their logistics operations and stay competitive in the market.
References
0. – https://www.www.statista.com
1. – https://www.www.marketsandmarkets.com
2. – https://www.worldpopulationreview.com
3. – https://www.www.apexcapitalcorp.com
4. – https://www.www.trucking.org
5. – https://www.www.ibisworld.com
6. – https://www.www.bts.gov
7. – https://www.www.aapa-ports.org
8. – https://www.www.epa.gov
