Transportation and Warehousing in the US - Industry Market Research Report

Transportation and Warehousing in the US - Industry Market Research Report

Transportation and Warehousing in the US

Operators in the Transportation and Warehousing sector are key to the United States economy, transporting freight, commodities and passengers using trucks, trains, pipelines, ships and aircraft. The sector also includes transportation facilities operators, including port and warehouse owners and logistics service providers, including freight forwarders. As the sector moves most goods and passengers in the US, its performance follows the overall economy. Sector revenue has increased at a CAGR of 2.0% to $1.6 trillion over the years to 2023, hampered by a 14.0% decline in 2020. In line with economic recovery, the industry rebounded in 2021, driven by consumer spending and increased operational capacity. Disrupted supply chains continue to affect services from operators in the sector, compounded by the Russian invasion of Ukraine. Numerous industry operators have been able to increase fuel surcharges as crude oil prices skyrocketed. Sector revenue is set to fall 1.3% in 2022 as the US and global economies recover.

This sector is primarily concerned with the transportation of passengers or cargo by air, rail water and road. Operators that supply associated support services are also included in this sector. It is important to note that operators that are primarily engaged in providing travel agent services that support transportation and other operators, such as hotels, businesses and government agencies, are excluded from this sector.

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.