Major Group SIC 40 - Railroad Transportation

SIC 40 - Railroad Transportation

SIC 40 - Railroad Transportation
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments furnishing transportation byline-haul railroad, and switching and terminal establishments. Railwaysserving a single municipality, contiguous municipalities, or a municipalityand its suburban areas are classified in Major Group 41. Other servicesrelated to railroad transportation are classified in Major Group 47. Lessors ofrailroad property are classified in Real Estate, Industry 6517.

Industry trends:

The railroad transportation industry (NAICS 40) is witnessing significant qualitative trends driven by technological advancements, sustainability goals, and changing market dynamics. One prominent trend is the increasing adoption of digital technologies, such as AI and IoT, for predictive maintenance and operational efficiency. These technologies are helping to minimize downtime and reduce costs through real-time monitoring and data analytics. Additionally, there is a notable shift towards greener practices, with investments in electric and hybrid locomotives and expanded use of alternative fuels like LNG to meet stricter environmental regulations and corporate sustainability targets.

Customer expectations are also evolving, with a greater demand for timely and reliable freight services. This shift is prompting rail companies to enhance their service offerings by incorporating more intermodal solutions to provide seamless end-to-end logistics, accommodating the growing e-commerce market. Furthermore, collaborative ventures and strategic partnerships are becoming more common, as companies seek to improve their network connectivity and service reach.

In the near future, the industry is likely to continue on this trajectory, with increased investment in smart infrastructure and further integration of renewable energy sources. However, challenges such as cybersecurity threats and regulatory compliance will need to be addressed to sustain this growth. Overall, the railroad transportation industry is poised for a transformative period, driven by innovation and sustainability efforts.

This industry is comprised of:

SIC 401 - Railroads

Explore related industries:

SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 47 - Transportation Services

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