|Last Quarterly Update:||11/7/2016|
|SIC Codes:||4412, 4424, 4432, 4449, 4481, 4482, 4489|
|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 inland, coastal, and deep sea transportation of freight and passengers. Major companies include AP Møller - Mærsk (Denmark), Carnival (US), COSCO (China), Hapag-Lloyd (Germany), and Kirby Inland Marine (US).
The US water transportation services industry includes about 1,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $40 billion.
Major segments of the water transportation services industry, including coastal and Great Lakes freight transportation, cruise ships, deep sea freight transportation, and inland water freight transportation, are covered in separate profiles.
Demand for water freight transportation is driven by commodities trade and global imports and exports; demand for passenger transportation is driven by disposable income and travel preferences. The profitability of individual companies depends on efficient and safe operations. Large companies have advantages in capacity and diversity of service. Small companies can compete effectively by transporting specialized cargo or serving smaller markets. The US industry is highly concentrated: the 50 largest companies account for about 80% of industry revenue.
Companies in some segments of the water transportation industry compete against providers outside their industry. For example, coastal and inland shippers compete directly against railroads, pipelines, and trucks to transport cargo and bulk commodities; cruises compete with vacation alternatives, such as hotels, resorts, theme parks, and land-based casinos.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major segments of the water transportation services industry include deep sea (about 60% of US revenue), coastal ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options