Why Chicago Is Home To The Future Of Logistics Tech
Uniquely positioned as the nation’s crossroads for moving freight via air, rail, and truck, the Windy City has long been a global leader in the Transportation, Distribution and Logistics (TD&L) industry, so it is no surprise to learn that Chicago has become a Logistics Tech leader.
Chicago’s TD&L sector is one of the largest in the nation, and greatly impacts the local economy for the region. According to the World Business Chicago (WBC) Bulletin, the Chicago TD&L industry generates $24 billion annually in output and employs more than 260,000 individuals. Additionally, there are over 16,000 TD&L firms located in the metro area, which is the highest in the nation.
According to WBC, Chicago has over 100 locally headquartered Logistics Tech companies that employ over 34,000 individuals. The sector saw an 802% increase in growth capital investment — the highest among peer cities – between 2019 and 2021 and five unicorns and two publicly held Logistics Tech companies headquartered in Chicago.
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Posted on
October 4, 2022
According to WBC, Chicago has over 100 locally headquartered Logistics Tech companies that employ over 34,000 individuals. The sector saw an 802% increase in growth capital investment — the highest among peer cities – between 2019 and 2021 and five unicorns and two publicly held Logistics Tech companies headquartered in Chicago.