Important Changes in the Transportation Industry From Expedited to Less-Than-Truck-Load Shipping

Written by Economic Development Jobs on February 26, 2018. Posted in Expedited domestic shipping services, Ltl trucking, Trade show logistics

Aerospace logistics

The transportation industry provides a valuable service that assists with maintaining the United States’ infrastructure and providing valuable goods and services. There are, for example, almost 12 million locomotives, rail cars, trucks, and vessels that move goods throughout this country’s transportation network.

The United States freight transportation system moves a variety of valuable commodities. The commodities that are considered to be the most valuable, however, are electronics, machinery, and motorized vehicles. In 2007, the value of this freight was $882.00 per ton, according to the U.S. Department of Transportation. By 2040, the per-ton value is expected to increase to $1,377.00 per ton, which is almost double.

The Bureau of Labor Statistics reported that the trucking industry alone transported almost 15 billion tons of cargo in 2013. This is expected to increase significantly over the upcoming years. By 2040, for instance, the Bureau of Labor Statistics expects 18.79 billions tons of cargo to be transported by this industry.

There have been quite a few developments within the United States’ e-commerce sector. The revenue from this facet of the retail industry is roughly $423.3 billion, and is continuing to increase. Given this, full truckloads, less-than-truckload, and parcel carriers are making adjustments accordingly.

Since there is often a significant demand for expedited and other transportation services, it’s not surprising that the United States’ logistics and transportation industry is booming. In 2015, total spending amounted to $1.48 trillion. When considering the country’s annual gross domestic product, this industry’s revenue represented eight percent.

While it will depend on the specific types of goods and services that your company provides, you may have discovered that you would benefit from receiving expedited services for industrial machinery parts replenishment and other products. Since there’s an excellent chance that you will also require specialty freight services to meet your demands, it’s important to note that both heavy freight and lighter-than-load shipping are both available. Whether you require industrial machinery parts replenishment, industrial machinery transport services, or another service, you want to work with a single company that can address all of your shipping needs.

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