Inland Water Transportation in the US - Industry Market Research Report

Inland Water Transportation in the US - Industry Market Research Report

Inland Water Transportation in the US

The industry primarily included companies engaged in providing waterborne transportation of cargo and passengers along the nation's lakes, rivers and other inland waterways. The industry has experienced varied conditions over the last few years. The COVID-19 pandemic, stagnant freight volumes, natural disasters and vast commodity price fluctuations all stifled industry growth. In addition, high competition from railroad and truck companies put downward pressure on industry freight rates, limiting revenue growth. To reach more customers and minimize operating expenses, large companies have continued to consolidate. The majority of this industry is represented by small companies, though. These small companies have limited operational capacities that have made them more vulnerable to external and large internal competitors, limiting profit growth. Industry revenue has decreased at a CAGR of 1.1% to $7.9 billion over the past five years, including an increase of 0.2% in 2023 alone.

This industry includes establishments primarily engaged in providing waterborne transportation of cargo and passengers along the nation’s lakes, rivers and other inland waterways.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.