|Last Quarterly Update:||11/28/2016|
|SIC Codes:||4432, 4492|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry provide water transportation of cargo in US coastal waters, on the Great Lakes System, or between ports of the US mainland, Puerto Rico, and US island possessions. Major companies include Kirby, Matson, American Steamship Company, and Rand Logistics.
The US coastal and Great Lakes shipping industry includes about 500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $7 billion. Rising demand for commodities used by manufacturers is expected to drive growth.
Coastal ("coastwise") shipping involves the freight transport of cargo within 20 miles of the Atlantic, Pacific, and Gulf Coasts; between the US mainland and Puerto Rico, Alaska, Hawaii, and other US Pacific Islands; and between US coasts by way of the Panama Canal. Great Lakes ("lakewise") shipping is the transport of freight among the five US Great Lakes and along the Saint Lawrence Seaway System. Deep sea shipping to foreign ports and inland transport along US rivers aren't included in this industry. Deep sea shipping and inland barge transportation are covered in separate industry profiles.
Demand is driven primarily by demand from manufacturers for commodities such as coal, crude oil, grain, iron ore, refined petroleum products, and scrap metal. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in handling a broad range of cargo and diversifying freight and logistics ...
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