Transportation and Warehousing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 48-49Revenue
$1.6tr
Past 5-Year Growth
Profit
$XXX.Xbn
Employees
11m
Businesses
5m
Wages
$XXX.Xbn
Transportation and Warehousing in the US industry analysis
Companies 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. Since the sector moves most goods and passengers in the US, its performance follows the overall economy. Sector revenue is estimated to expand at a CAGR of 1.9% to $1.6 trillion over the years to 2024, hampered by a 14.0% drop in 2020 as a result of the pandemic. In line with the economic recovery, the sector rebounded in 2021, driven by consumer spending and increased operational capacity. Disrupted supply chains continue to afflict services from providers in the sector, which have been compounded by the Russian invasion of Ukraine. Numerous players have increased fuel surcharges as crude oil prices skyrocketed.
Trends and Insights
- Higher oil prices result in increased operating costs that companies often pass on to consumers via fuel surcharges and higher shipping rates. Conversely, falling oil prices can enhance profitability by lowering operational costs and bolstering downstream market activity.
- Trucks Remain Dominant in Freight Transport. Thanks to their flexibility and ability to reach most destinations, trucks transport nearly three-quarters of US domestic freight. This mode is critical for moving a vast array of goods, maintaining its status as the transportation workhorse.
- Sector businesses cluster in the Great Lakes region for its manufacturing might and trade routes. This area hosts a diverse manufacturing sector and enjoys close ties with Canada, enhancing trade opportunities.
- Differentiation is limited, creating more price competition. Larger companies can offer incentives to lock in customers through integrating into clients' operations.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $1.6tr in 2024.
Trends and Insights
Consumer spending has had a big impact on the sector's performance
- Increased consumer spending means that more goods are bought and sold. The increase in sales requires more freight to be shipped to retailers, distributors and producers, who move goods to market. For this reason, consumer spending is a major barometer of the sector's performance.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Consumer spending will benefit the sector during the outlook period
- Consumers are set to spend more time on vacations and travel, boosting purchases for passenger transportation services. Those in the airline, passenger rail, cruise, car service and public transit segments stand to gain the most from this trend.
Biggest companies in the Transportation and Warehousing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
United States Postal Service | 79,193.5 | -6,483.2 | -8.2 | |
United Parcel Service, Inc. | 66,647.9 | 7,789.8 | 11.7 | |
FedEx Corporation | 53,046.6 | 3,264.1 | 6.2 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Air transportation, Rail, transit and ground passenger transport and Water transportation. Air transportation is the largest segment of the Transportation and Warehousing in the US.
Trends and Insights
Trucks remain the workhorse of transportation
- Truck transportation involves the movement of various commodities, including palletized goods within standard containers or van trailers.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- There are no industries to display.
International industries
- Global Deep-Sea, Coastal & Inland Water Transportation
- Freight Road Transport in the UK
- Freight Forwarding Brokerages & Agencies in Mexico
Table of Contents
About this industry
Industry definition
This sector is primarily concerned with the transportation of passengers or cargo by air, rail water and road. Providers that supply associated support services are also included in this sector.
What's included in this industry?
Air transportationRail transportationWater transportationRoad transportationTransit and ground passenger transportationPipeline transportationRoad transportationSupport activities for transportationPostal, courier and messengersWarehousing and storageCompanies
United States Postal ServiceUnited Parcel Service, Inc.FedEx CorporationPurchase this report to view all 8 major companies in this industry.
Related Terms
AUTOMATED GUIDED VEHICLES (AGVS)REVENUE TON MILESJONES ACTIndustry Code
NAICS 48-49 - Transportation and Warehousing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Higher oil prices result in increased operating costs that companies often pass on to consumers via fuel surcharges and higher shipping rates. Conversely, falling oil prices ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Trucks Remain Dominant in Freight Transport. Thanks to their flexibility and ability to reach most destinations, trucks transport nearly three-quarters of US domestic freight...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Sector businesses cluster in the Great Lakes region for its manufacturing might and trade routes. This area hosts a diverse manufacturing sector and enjoys close ties with Ca...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Differentiation is limited, creating more price competition. Larger companies can offer incentives to lock in customers through integrating into clients' operations.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The sector has a large and growing number of independent providers across numerous industries. The diverse range of available modes of transport makes it very difficult for a...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of United States Postal Service's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of United Parcel Service, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of FedEx Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 5 additional companies
Detailed analysis
- Description and key data for United States Postal Service, and factors influencing its performance in the industry
- Description and key data for United Parcel Service, Inc., and factors influencing its performance in the industry
- Description and key data for FedEx Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for 5 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Truck drivers face strict federal, state and local regulations, especially concerning their working hours. Companies must also comply with pollution standards by updating the...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Appreciating machinery and insurance costs are squeezing profit despite providers' efforts to pass on expenses to consumers. Companies are finding it hard to justify higher r...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Transportation and Warehousing in the US industry in United States in 2024?
The market size of the Transportation and Warehousing in the US industry in United States is $1.6tr in 2024.
How many businesses are there in the Transportation and Warehousing in the US industry in 2024?
There are 5m businesses in the Transportation and Warehousing in the US industry in United States, which has grown at a CAGR of 11.0 % between 2019 and 2024.
Has the Transportation and Warehousing in the US industry in United States grown or declined over the past 5 years?
The market size of the Transportation and Warehousing in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
What is the forecast growth of the Transportation and Warehousing in the US industry in United States over the next 5 years?
Over the next five years, the Transportation and Warehousing in the US industry in United States is expected to grow.
What are the biggest companies in the Transportation and Warehousing in the US market in United States?
The biggest companies operating in the Transportation and Warehousing market in United States are United States Postal Service, United Parcel Service, Inc. and FedEx Corporation
What does the Transportation and Warehousing in the US in United States include?
Air transportation and Rail transportation are part of the Transportation and Warehousing in the US industry.
Which companies have the highest market share in the Transportation and Warehousing in the US in United States?
The company holding the most market share in United States is United States Postal Service.
How competitive is the Transportation and Warehousing in the US industry in United States?
The level of competition is high and increasing in the Transportation and Warehousing in the US industry in United States.
