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Nearly every company, business, government and consumer in the world is, to some degree, dependent on the transportation industry. As such, the shipping of supplies, products and consumer goods is essential to the domestic and international economic system. Since 1998 the transportation industry has accounted for 3% of the U.S. GDP each year.[1] The transportation industry can be broken down into three major groups of companies: Shipping, passenger transport, and equipment manufacturers. In some cases, particularly within shipping and passenger transport, companies provide services in multiple areas of the industry. Shipping companies are responsible for the transportation of supplies, and products to businesses, governments and individual consumers and operate on a global basis. The passenger transport segment provides people with the means to get anywhere on the planet, whether it is by air, sea or land. Finally, the manufacturing segment produces the trucks, planes, ships and railcars along with all the technology that allow transportation to exist in its current form. These manufacturers are just as essential to the transportation of materials and people as are the companies that transport them.
[edit] Shipping[edit] Consumer and Business ShippingThe small parcel shipping industry is largely dominated by three major companies, FedEx (FDX), United Parcel Service (UPS) and DHL. These companies ship packages both domestically and internationally through complex networks of hubs that connect every corner of the globe. Their services offer various time-frames for shipments delivered by air and land. Because these companies transport consumer goods and business products their operations and volumes are very correlated with the health of the economy. In weaker economic times volumes are lower as consumers and businesses consume and produce less, while the reverse is true during periods of growth in the economy. Furthermore, as is the case with nearly every company in the transportation industry, these companies' revenues can be significantly affected by changes in oil prices. [edit] Railroads and Cargo TransportationThe transportation of supplies and larger scale shipments is generally categorized into freight and cargo shipping. Much of this transportation is done by rail and sea. This segment of the transportation industry has many more key players than the smaller scale shipping segment. In the U.S. Union Pacific (UNP) and Burlington Northern Santa Fe (BNI) dominate the Western U.S. rail shipping market while Norfolk Southern and CSX are the major players in the East.
[edit] Other Shipping and Distribution ServicesThere are also smaller sectors of the transportation industry that are equally essential to the economic system both in the U.S. and internationally. These companies provide transportation services that are more easily overlooked in industry. The transportation of food, and waste are examples of services that are among smaller sectors of the industry. Companies that provide shipping and transportation services in smaller sectors of the industry include
[edit] Passenger Transport[edit] AviationThe airline industry is arguably the most important transportation sector in the world. In 2007 roughly 679 million passengers used air transportation in the U.S. alone.[1] Over the first half of 2007 the major airline companies collectively brought in $59.45 billion in revenues.[2] Airlines generally earn the majority of their revenue from passengers, but often also carry out shipping and transportation operations as well. Major airline companies include
[edit] AutomobilesThe United States is the world's largest producer and consumer of automobiles. In 2007 new-car and light truck sales in the United States exceeded $675 billion in revenues with roughly 15.9 million cars and light trucks sold.[3] In recent years China has become the world's largest importer of petroleum products. This has largely been a product of increased automobile demand in the China, which is expected to grow significantly over the next forty years. Some predict that cheaper labor and increased product quality could allow China to steal a major portion of the automobile production industry market share from today's major producers.[3] This trend could be a serious threat to well established companies in the industry (especially the American big 3 producers) who have recently experienced periods of lower performance. Today's major auto producers include
*Sold Chrystler group in 2007.
[edit] Transportation Equipment ManufacturingThe transportation industry relies on the industrial equipment that companies use to transport products around the world. As a result, companies that manufacture and distribute transportation equipment are directly correlated with the industry and its performance. Manufacturers of transportation equipment produce everything from railroad cars, automobiles and planes to ships and heavy machinery. [edit] Shipping Equipment ManufacturersCompanies that manufacture and distribute automobile parts and technologies include
Companies that manufacture products for railroad shipping include Companies that manufacture airplanes and parts include [edit] References
Companies in the Transportation Industry (172) |
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