On the recordApril 1, 2004
I leave one statistic with my colleagues. In 1987 the cost of logistics, moving people and goods, consumed 16 percent of our gross domestic product of this country. Last year logistics consumed just under 10 percent of our gross domestic product. That is a gain of $600 billion in our $10 trillion economy. That investment gain is due to the investments that we have made through this committee in cooperation with States and localities improving our infrastructure. That is the core of why we are on the floor today, to advance the Nation's economy, productivity, and competitiveness at home and abroad.
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