Major Group SIC 44 - Water Transportation

SIC 44 - Water Transportation

SIC 44 - Water 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 engaged in freight and passenger transportation on the open seas or inland waters, and establishments furnishing such incidental services as lighterage, towing, and canal operation. This major group also includes excursion boats, sight-seeing boats, and water taxis. Cargo handling operations when carried on by transportation companies and separately reported are classified in Industry 4491. When separate reports for cargo handling are not available, these operations are classified with the transportation establishment. Establishments engaged in the operation of charter or party fishing boats are classified in Services, Industry 7999.

Industry trends:

The water transportation industry, classified under SIC 44, is experiencing several qualitative trends influenced by technological advancements, environmental concerns, and global trade dynamics. One of the most significant trends is the adoption of greener technologies. Companies are increasingly investing in sustainable shipping practices, including the use of alternative fuels like LNG and biofuels, as well as the development of electric and hybrid vessels. This shift is driven by stringent environmental regulations and a growing demand from consumers for eco-friendly practices.

Digitalization is another major trend reshaping the industry. Water transportation companies are implementing advanced technologies such as IoT, AI, and blockchain to enhance operational efficiency, improve logistics and supply chain management, and boost security measures. These technologies enable real-time monitoring and predictive maintenance, reducing downtime and operational costs.

Moreover, the industry is seeing a shift towards more regional and localized supply chains, influenced by geopolitical factors and the need for resilience against global disruptions such as pandemics. This localization trend is leading to increased demand for regional shipping services, focusing on optimizing supply chain networks closer to domestic markets.

Looking ahead, the water transportation sector is expected to continue its trajectory towards sustainability and digital transformation. Industry experts forecast an increase in collaborative efforts between governments and private sectors to drive innovation and address regulatory challenges. Furthermore, as global trade patterns evolve, companies in this sector will need to remain agile and adaptive to seize opportunities arising from new market demands and regulatory landscapes. These trends suggest a future where efficiency, sustainability, and technology are central to success in water transportation.

This industry is comprised of:

SIC 441 - Deep Sea Foreign Transportation Of Freight

SIC 442 - Deep Sea Domestic Transportation Of Freight

SIC 443 - Freight Transportation On The Great Lakes-st.

SIC 444 - Water Transportation Of Freight, Not Elsewhere Classified

SIC 448 - Water Transportation Of Passengers

SIC 449 - Services Incidental To Water Transportation

Explore related industries:

SIC 37 - Transportation Equipment SIC 42 - Motor Freight Transportation And Warehousing SIC 47 - Transportation Services

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