NAICS Code 424720-02 - Diesel Fuel (Wholesale)
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NAICS Code 424720-02 Description (8-Digit)
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Tools
Tools commonly used in the Diesel Fuel (Wholesale) industry for day-to-day tasks and operations.
- Fuel transfer pumps
- Fuel storage tanks
- Fuel dispensers
- Fuel filters
- Fuel flow meters
- Fuel hoses
- Fuel nozzles
- Fuel storage cabinets
- Fuel tank gauges
- Fuel tank alarms
Industry Examples of Diesel Fuel (Wholesale)
Common products and services typical of NAICS Code 424720-02, illustrating the main business activities and contributions to the market.
- Trucking companies
- Construction companies
- Agriculture businesses
- Mining companies
- Power generation facilities
- Public transportation agencies
- Shipping companies
- Waste management companies
- Railroad companies
- Government agencies
Certifications, Compliance and Licenses for NAICS Code 424720-02 - Diesel Fuel (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials, including diesel fuel, in amounts that require placards on their vehicles. The endorsement is issued by the Transportation Security Administration (TSA) and requires a background check and fingerprinting.
- Commercial Driver's License (CDL): A CDL is required for drivers who operate vehicles with a gross weight of 26,001 pounds or more, or who transport hazardous materials, including diesel fuel, in amounts that require placards on their vehicles. The license is issued by the state Department of Motor Vehicles (DMV) and requires passing a written and driving test.
- Environmental Protection Agency (EPA) Spill Prevention, Control, and Countermeasure (SPCC) Plan: This plan is required for facilities that store more than 1,320 gallons of diesel fuel in aboveground storage tanks or more than 42,000 gallons in underground storage tanks. The plan outlines measures to prevent and respond to spills and is enforced by the EPA.
- Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS): This standard requires employers to provide information and training to employees who work with hazardous chemicals, including diesel fuel, to ensure they understand the risks and how to protect themselves. The standard is enforced by OSHA.
- National Institute for Occupational Safety and Health (NIOSH) Pocket Guide to Chemical Hazards: This guide provides information on the hazards of various chemicals, including diesel fuel, and is intended to help workers and employers make informed decisions about how to protect themselves. The guide is published by NIOSH.
History
A concise historical narrative of NAICS Code 424720-02 covering global milestones and recent developments within the United States.
- The Diesel Fuel (Wholesale) industry has a long and rich history worldwide. The first diesel engine was invented by Rudolf Diesel in 1892, and by the early 1900s, diesel engines were being used in ships, trains, and trucks. The industry grew rapidly in the mid-20th century, as diesel engines became more efficient and reliable. In the 1970s, the oil crisis led to a surge in demand for diesel fuel, as it was seen as a more cost-effective alternative to gasoline. In recent years, the industry has faced challenges due to concerns about air pollution and the rise of electric vehicles. In the United States, the Diesel Fuel (Wholesale) industry has a more recent history. The industry began to grow in the 1950s, as diesel engines became more popular in trucks and buses. In the 1970s, the oil crisis led to a surge in demand for diesel fuel, and the industry continued to grow throughout the 1980s and 1990s. In recent years, the industry has faced challenges due to concerns about air pollution and the rise of electric vehicles. Despite these challenges, the industry remains an important part of the US economy, providing fuel for transportation and other industries.
Future Outlook for Diesel Fuel (Wholesale)
The anticipated future trajectory of the NAICS 424720-02 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 Diesel Fuel (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for diesel fuel in various sectors such as transportation, construction, and agriculture. The growth in the e-commerce industry is also expected to drive the demand for diesel fuel as it requires a large number of delivery trucks. The industry is also expected to benefit from the increasing focus on renewable diesel fuel, which is expected to reduce greenhouse gas emissions. However, the industry may face challenges due to the increasing competition from alternative fuels such as electric and natural gas-powered vehicles.
Industry Innovations for NAICS Code 424720-02
Recent groundbreaking advancements and milestones in the Diesel Fuel (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- The use of biodiesel as a fuel source has been gaining popularity in the Diesel Fuel (Wholesale) industry. Biodiesel is a renewable fuel source that is made from vegetable oils, animal fats, and recycled cooking oil. It is a cleaner-burning fuel that produces fewer emissions than traditional diesel fuel.
- The development of new technologies such as fuel additives and fuel injection systems has improved the efficiency of diesel engines, which has increased the demand for diesel fuel.
- The use of telematics technology in diesel-powered vehicles has improved the efficiency of fleet management, which has increased the demand for diesel fuel.
- The increasing focus on reducing greenhouse gas emissions has led to the development of renewable diesel fuel, which is made from waste products such as animal fats and vegetable oils.
- The use of diesel fuel in the construction industry has increased due to the growth in infrastructure development projects.
NAICS Code 424720-02 - Diesel Fuel (Wholesale)
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