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What is logistics cost?

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Keeping production costs low by producing or sourcing raw goods in other countries or states allows companies to make more profit, but the logistical costs of transporting and storing products can eat into those profits. read more

Logistics costs relate to the charges for various transportation methods, including train travel, trucks, air travel and ocean transport. Additional logistics costs include fuel, warehousing space, packaging, security, materials handling, tariffs and duties. read more

Logistics costs are defined differently by different companies. Some companies do not account interest and depreciation on inventories as logistic costs. Others include the distribution costs of their suppliers or the purchasing costs. In some cases, even the purchase value of the procured goods is included in the logistic costs. read more

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