NAICS Code 423110-11 - Motor Carrier (Wholesale)
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NAICS Code 423110-11 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423110-11
Parent Code (less specific)
Tools
Tools commonly used in the Motor Carrier (Wholesale) industry for day-to-day tasks and operations.
- Cargo straps and tie-downs
- Load bars and cargo bars
- Ratchet straps and winches
- Load locks and decking beams
- Tarps and covers for cargo protection
- Load levelers and stabilizers
- Forklifts and pallet jacks for loading and unloading
- Hand trucks and dollies for moving cargo
- GPS tracking systems for fleet management
- Diagnostic tools for vehicle maintenance and repair
Industry Examples of Motor Carrier (Wholesale)
Common products and services typical of NAICS Code 423110-11, illustrating the main business activities and contributions to the market.
- Flatbed trucks
- Refrigerated trucks
- Dump trucks
- Tanker trucks
- Box trucks
- Tow trucks
- Garbage trucks
- Concrete mixer trucks
- Fire trucks
- Ambulance buses
Certifications, Compliance and Licenses for NAICS Code 423110-11 - Motor Carrier (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The certification involves a background check and fingerprinting.
- Commercial Driver's License (CDL): A license required by the Federal Motor Carrier Safety Administration (FMCSA) for drivers of commercial motor vehicles (CMVs) that weigh over 26,001 pounds or carry hazardous materials. The license involves passing a written and driving test.
- Unified Carrier Registration (UCR): A registration required by the FMCSA for motor carriers operating in interstate or international commerce. The registration involves paying an annual fee based on the number of vehicles operated.
- International Fuel Tax Agreement (IFTA): An agreement required by the FMCSA for motor carriers operating in multiple states or provinces. The agreement involves reporting and paying fuel taxes based on the miles traveled in each jurisdiction.
- Electronic Logging Device (ELD) Certification: A certification required by the FMCSA for electronic logging devices used to record a driver's hours of service. The certification involves testing and registration with the FMCSA.
History
A concise historical narrative of NAICS Code 423110-11 covering global milestones and recent developments within the United States.
- The Motor Carrier (Wholesale) industry has a long history dating back to the early 20th century when the first motorized trucks were introduced. The industry has since grown to become an essential part of the global economy, providing transportation services for goods and materials. Notable advancements in the industry include the introduction of containerization in the 1950s, which revolutionized the way goods were transported, and the development of GPS technology in the 1990s, which greatly improved the efficiency and safety of transportation. In recent years, the industry has faced challenges such as rising fuel costs, increased competition, and the need to comply with stricter environmental regulations. In the United States, the Motor Carrier (Wholesale) industry has a rich history that dates back to the early 1900s when the first motorized trucks were used to transport goods. The industry grew rapidly in the post-World War II era, driven by the expansion of the interstate highway system and the growth of the manufacturing sector. In the 1980s, the industry underwent significant deregulation, which led to increased competition and consolidation. The industry has since faced challenges such as rising fuel costs, driver shortages, and the need to adopt new technologies to improve efficiency and safety. Despite these challenges, the industry remains a vital part of the US economy, providing essential transportation services for businesses and consumers alike.
Future Outlook for Motor Carrier (Wholesale)
The anticipated future trajectory of the NAICS 423110-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Motor Carrier (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for transportation services. The growth of e-commerce and online shopping has led to an increase in demand for transportation services, which is expected to drive the growth of the industry. Additionally, the industry is expected to benefit from the increasing demand for just-in-time delivery services, which require efficient and reliable transportation services. However, the industry may face challenges such as rising fuel costs, increasing competition, and regulatory changes. Overall, the Motor Carrier (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 423110-11
Recent groundbreaking advancements and milestones in the Motor Carrier (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Electric Trucks: The development of electric trucks is a recent innovation in the Motor Carrier (Wholesale) industry. Electric trucks are more environmentally friendly and cost-effective than traditional diesel trucks. They are also quieter and require less maintenance, which can lead to cost savings for companies.
- Autonomous Vehicles: The development of autonomous vehicles is another recent innovation in the industry. Autonomous vehicles have the potential to reduce labor costs and improve safety. They can also increase efficiency by reducing the time required for loading and unloading goods.
- Real-Time Tracking: Real-time tracking is a technology that allows companies to track their shipments in real-time. This technology can help companies improve their supply chain management and reduce the risk of lost or stolen shipments.
- Mobile Apps: Mobile apps are becoming increasingly popular in the industry. These apps allow drivers to receive real-time updates on their shipments, communicate with dispatchers, and access important information such as delivery instructions and maps.
- Blockchain Technology: Blockchain technology is a recent innovation that has the potential to revolutionize the industry. Blockchain technology can be used to create a secure and transparent supply chain, which can help reduce fraud and improve efficiency.
NAICS Code 423110-11 - Motor Carrier (Wholesale)
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