Aerospace, Logistics, and Services

Written by Economic Development Jobs on March 3, 2018. Posted in Global aerospace logistics, Machinery transport, Oversize freight

Expedited freight companies

Across the globe, the LTL market is estimated at approximately $35 billion. LTL stands for less than truckload and it is a specific type of shipping that moves smaller sized items across the globe. This is used by so many companies and it is viewed as the present and future of the shipping world. However, aerospace logistics services are not very far behind.

While the term aerospace logistics services may seem confusing or too highbrow for the average person, that is not necessarily true. As a matter of fact, it is much more simple than most people think and furthermore, so is most of the shipping industry. Here are all of the facts that surround the world of shipping and how aerospace logistics services will change the future of this industry.

In 2013, trucking transported nearly 15 billion tons of cargo. The Bureau of Labor Statistics reports that by 2040, that number is expected to increase to 18.79 billion tons. This statistic point to the prevalence and shipping and why aerospace logistics services may be needed if there is such an overwhelmingly high amount of shipping demands.

According to Satish Jindel, president of SJ Consulting Group, length of haul has declined. Public truckload carriers report that the average length of haul has decreased 4% between 2011 and 2016. According to the United States Department of Transportation, the value of freight moved is expected to increase from $882 per ton in 2007 to $1,377 per ton in 2040.

Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. Pharma logistics, expedited international shipping services, and specialty freight services are all aspects of the shipping industry. It is important for people to have an understanding of the basics as this is now an industry used every single day across the globe.

According to the Federal Motor Carrier Safety Administration, approximately 5.9 million commercial motor vehicle drivers operate in the United States. The e-commerce revenue that is currently expanding is going to grow moving forward. There is nothing that points to the idea that it is going to slow down.

Right now, the United States e-commerce revenue is about $423.3 billion and according to experts that predict these fields, it is only going to keep growing. As time goes on, the shipping industry is going to have to rely on aerospace logistics services to help them make changes to the industry at large. If not, then the industry is going to suffer and will have to cut back on their services.

The three most valuable commodities moved by the United States freight transportation system include machinery, electronics, and motorized vehicles. Spending in the United States logistics and transportation industry totaled $1.48 trillion in 2015 and represented 8% of an annual gross domestic product.

In Conclusion

Every single year there are a large number of people that use some form of shipping service in their lives. This can include ordering a large item or a small item and even pertains to buying items from the internet. For instance, if you are someone that uses a service such as Amazon then you directly utilize the shipping industry to get your items.

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