NAICS Code 423840-11 - Cargo & Freight Containers (Wholesale)
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NAICS Code 423840-11 Description (8-Digit)
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Tools
Tools commonly used in the Cargo & Freight Containers (Wholesale) industry for day-to-day tasks and operations.
- Container lifting equipment (e.g. cranes, forklifts)
- Container securing equipment (e.g. twist locks, lashing bars)
- Container cleaning equipment (e.g. pressure washers, steam cleaners)
- Container repair equipment (e.g. welding machines, cutting tools)
- Container tracking devices (e.g. GPS, RFID)
- Container seals (e.g. bolt seals, cable seals)
- Container locks (e.g. padlocks, electronic locks)
- Container ventilation equipment (e.g. vents, fans)
- Container insulation materials (e.g. foam, fiberglass)
- Container flooring materials (e.g. plywood, steel)
Industry Examples of Cargo & Freight Containers (Wholesale)
Common products and services typical of NAICS Code 423840-11, illustrating the main business activities and contributions to the market.
- Shipping containers
- Freight containers
- Intermodal containers
- ISO containers
- Refrigerated containers
- Tank containers
- Open-top containers
- Flat rack containers
- Bulk containers
- Pallet-wide containers
Certifications, Compliance and Licenses for NAICS Code 423840-11 - Cargo & Freight Containers (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- International Air Transport Association (IATA) Dangerous Goods Regulations: This certification is required for companies that transport dangerous goods by air. It ensures that the goods are properly classified, packaged, marked, labeled, and documented. The certification is provided by IATA.
- Federal Motor Carrier Safety Administration (FMCSA) Operating Authority: This certification is required for companies that operate commercial motor vehicles in interstate commerce. It ensures that the company is registered with the FMCSA and has met the safety requirements. The certification is provided by FMCSA.
- Occupational Safety and Health Administration (OSHA) Hazard Communication Standard: This certification is required for companies that handle hazardous chemicals. It ensures that the employees are trained on the proper handling, storage, and disposal of hazardous chemicals. The certification is provided by OSHA.
- International Maritime Dangerous Goods (IMDG) Code: This certification is required for companies that transport dangerous goods by sea. It ensures that the goods are properly classified, packaged, marked, labeled, and documented. The certification is provided by the International Maritime Organization.
- US Customs and Border Protection (CBP) Broker License: This certification is required for companies that act as customs brokers. It ensures that the company is licensed by CBP and has met the requirements for handling customs transactions. The certification is provided by CBP.
History
A concise historical narrative of NAICS Code 423840-11 covering global milestones and recent developments within the United States.
- The "Cargo & Freight Containers (Wholesale)" industry has a long history dating back to the early 20th century when the first standardized shipping containers were introduced. In 1956, the first container ship, the Ideal X, sailed from Newark to Houston, revolutionizing the shipping industry. The use of standardized containers made shipping more efficient, faster, and cheaper. In the 1960s, containerization became more widespread, and the industry grew rapidly. In recent years, the industry has continued to evolve, with the introduction of new technologies such as smart containers that can track and monitor cargo in real-time, and the increasing use of intermodal transportation to move goods across different modes of transport. In the United States, the "Cargo & Freight Containers (Wholesale)" industry has seen significant growth in recent years, driven by the increasing demand for e-commerce and the growth of international trade. The industry has also been impacted by the COVID-19 pandemic, which has led to disruptions in global supply chains and increased demand for shipping containers. In response to these challenges, the industry has adapted by investing in new technologies and expanding its services to meet the changing needs of customers. Overall, the "Cargo & Freight Containers (Wholesale)" industry is a vital part of the global economy, facilitating the movement of goods across borders and supporting international trade.
Future Outlook for Cargo & Freight Containers (Wholesale)
The anticipated future trajectory of the NAICS 423840-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Cargo & Freight Containers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for cargo and freight containers from various industries such as shipping, logistics, and transportation. The growth of e-commerce and the need for efficient and secure transportation of goods is also expected to drive the demand for cargo and freight containers. Additionally, the increasing focus on sustainability and eco-friendliness is expected to lead to the development of new and innovative container designs that are more environmentally friendly. Overall, the industry is expected to continue to grow and innovate in the coming years.
Industry Innovations for NAICS Code 423840-11
Recent groundbreaking advancements and milestones in the Cargo & Freight Containers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Containers: These are containers that are equipped with sensors and tracking devices that allow for real-time monitoring of the container's location, temperature, humidity, and other conditions. This technology helps to improve the efficiency and security of cargo transportation.
- Lightweight Containers: The development of lightweight containers made from materials such as aluminum and composite materials has led to more efficient and cost-effective transportation of goods.
- Refrigerated Containers: These containers are designed to transport perishable goods such as food and pharmaceuticals at specific temperatures, ensuring that the goods arrive at their destination in optimal condition.
- Modular Containers: These containers are designed to be easily assembled and disassembled, allowing for more efficient use of space and easier transportation.
- Eco-Friendly Containers: The development of containers made from sustainable materials such as bamboo and recycled plastic is helping to reduce the environmental impact of the industry.
NAICS Code 423840-11 - Cargo & Freight Containers (Wholesale)
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