The US logistics industry is $1.652 trillion in size, or 7.6% of the US economy (GDP), according to the 31st Annual State of Logistics Report (June 2020) from the Council of Supply Chain Management Professionals (CSCMP). The CSCMP report, prepared by Kearny, offers a snapshot of the American economy through the lens of the logistics sector in the overall supply chain. Read the article
More than 50 million people are employed worldwide in the field of logistics. The global third-party logistics (3PL) market size is valued at $800 billion.
Logistics connects the world, and has for a long time. What is now the modern logistics industry started to take form when Marco Polo traveled to China on the Silk Road in the late 13th century, paving the way for future traders and merchants between Europe and China. Other milestones marking the progress of early logistics include the invention of the first “horseless carriage” semi-truck in 1896, the first air cargo flight between Dayton and Columbus, Ohio, in 1910, and the first container ship sailing from New Jersey to Texas in 1956.
The designation of June 28 as National Logistics Day was initiated last year by Pennsylvania-based Logistics Plus. This year, the Transportation Intermediaries Association (TIA) has joined the celebration, designating June as member appreciation month to recognize the “significant and often under-appreciated role of the logistics industry within the greater transportation ecosystem.”