Monday, October 18, 2021

The Logistics and Transportation Sector



Based in Houston, Stephen Day is the President of both Logistics Group International and LGI Transport, LLC. Away from his professional duties, he is interested in supercars, hypercars, and offshore powerboats. Having worked in the industry for almost two decades, Stephen Patrick Day possesses a lot of experience in the logistics and transportation sector.

Trends in the transportation industry show that it is becoming the biggest industry in the world. Statistics show that the global logistics market, worth $10.32 billion in 2017, may exceed $12.68 billion in 2023. The growth of the transport and logistics industry has been attributed to advancements in transportation and information technology, an increase in trade agreements, and a rise in international trade in developing economies.

The significance of the logistics and transportation industry is further seen in how much the American economy depends on it. In 2018, the sector provided 7.1 percent of all the jobs in the United States, and the number is estimated to grow by six percent by 2026.

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