As the backbone of modern global supply chains, the transportation and logistics sector is a key driver of economic activity. And, as a connector of people, places and experiences, it thrives on demand.
According to SelectUSA.gov, spending in the U.S. logistics and transportation industry totaled $1.48 trillion in 2015 and represented 8 percent of annual gross domestic product (GDP). Furthermore, analysts expect industry investment to correlate with sector-specific growth in the U.S. economy.
This highly integrated supply chain network includes multiple transportation modes, including air and express delivery services, freight rail, maritime transport and truck transport. In fact, the following is just a snapshot of how vital this sector is to keeping businesses moving:
Many experts agree that advancements in technology and changes in the way goods are bought and sold are creating complexity and opportunity for the industry. Yet, this continues to be another growth year for many transportation and logistics companies.
In this edition of the Business Magazine, we’ll share how Erie-based Team Hardinger delivers when it comes to moving customer goods safely, on time, and on budget through its trucking, brokerage and warehousing solutions. We’ll also take a look at some of the other resources and key topics related to logistics and transportation, including why long-term transportation funding is imperative for our economy to grow.
Plus, be sure to check our Spotlight Q&A on Logistics Plus’ partnership with the Manufacturer & Business Association (MBA) on the MBA Logistics Program and how it could benefit your operation. Visit www.mbausa.org/logistics for more information!