If you have read business or industry magazines, then you would have surely come across these terms – logistics and transportation. For those, who do not know what these terms actually refer – Logistics is nothing but a cost-efficient process for devising, executing and supervising the effective movement of goods from one point to another. There, the transportation is defined as the movement of people or items from one place to another. Transportation and logistics have become an important aspect of business and industry these days. Now let us look into some of the facts about transportation and logistics industry that you would find interesting.
The logistics and transportation industry has so far created six sectors of industry, and they are rail, road transportation, aviation, warehousing, maritime and storage services. This is one of the biggest industries in the world. Another interesting fact is that U.S economy relies on trucks for 70% of the shipped goods that accounts to $671 billion.
There are nearly 3.5 millions of truck drivers involved in moving freight. It means one in fifteen people in the U.S are working in the transportation industry. Shippers who collaborate with outsourced logistics companies report 13% of cost reduction in average.
88% of shippers and 94% of 3PLs conclude that the exchange of information, adaptability and open-mindedness are the crucial factors that help to turn them very successful. There are also many fun and interesting facts about the transportation industry. If you want to read all the fun facts, simply browse the Internet.