SIC 4731 - Arrangement Of Transportation Of Freight And Cargo
Establishments primarily engaged in furnishing shipping information and acting as agents in arranging transportation for freight and cargo. Also included in this industry are freight forwarders which undertake the transportation of goods from the shippers to receivers for a charge covering the entire transportation, and, in turn, make use of the services of other transportation establishments as instrumentalities in effecting delivery.
Industry trends:
The industry designated by NAICS 4731, "Arrangement of Transportation of Freight and Cargo," is currently experiencing several qualitative trends fueled by evolving market demands and technological advancements. A prominent trend is the increasing reliance on digital platforms and advanced analytics. Shippers and logistics providers are investing in transportation management systems (TMS) integrating real-time data for enhanced route optimization and freight visibility. These systems improve operational efficiencies and enable better decision-making processes.
Sustainability is another critical trend, with companies adopting green logistics practices. For instance, there's a growing focus on reducing carbon footprints through the use of eco-friendly vehicles, optimizing delivery routes to cut down emissions, and employing energy-efficient warehousing solutions. This trend is largely driven by regulatory pressures and customer demand for environmentally responsible practices.
Additionally, the sector is seeing a surge in demand for last-mile delivery solutions. E-commerce growth has shifted consumer expectations towards faster, more reliable delivery services. Companies are exploring innovative approaches such as drone deliveries, autonomous vehicles, and crowd-sourced delivery options to meet these demands.
Looking forward, the industry is likely to witness continued digital transformation, with artificial intelligence and machine learning playing more significant roles in predictive analytics and autonomous decision-making. The focus on sustainability is expected to intensify, influencing more collaborative initiatives towards a greener logistics network. Lastly, the demand for seamless, integrated logistics solutions will remain strong, pushing companies to adopt more robust, interconnected technologies.
This industry is comprised of:
Agents, shipping
Auditors, freight rate
Brokers, shipping
Brokers, transportation
Consultants, tariff
Customhouse brokers
Customs clearance of freight
Domestic forwarding
Foreign forwarding
Freight agencies, railroad: not operated by railroad companies
Freight consolidation
Freight forwarding
Freight rate auditors
Freight rate information service
Shipping documents preparation
Tariff consultant
Tariff rate information service
Transport clearinghouse
Transportation rate services
Explore related industries:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.