NAICS Code 484110-11 - Transfer Companies
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NAICS Code 484110-11 Description (8-Digit)
Hierarchy Navigation for NAICS Code 484110-11
Parent Code (less specific)
Tools
Tools commonly used in the Transfer Companies industry for day-to-day tasks and operations.
- Pallet jacks
- Hand trucks
- Forklifts
- Strapping machines
- Cargo straps
- Moving blankets
- Dollies
- Ratchet straps
- Load bars
- Tie-downs
Industry Examples of Transfer Companies
Common products and services typical of NAICS Code 484110-11, illustrating the main business activities and contributions to the market.
- Warehouse transfer
- Local distribution
- Freight transfer
- Intermodal transfer
- Container transfer
- Cargo transfer
- Material transfer
- Product transfer
- Equipment transfer
- Package transfer
Certifications, Compliance and Licenses for NAICS Code 484110-11 - Transfer Companies
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. It is issued by the Transportation Security Administration (TSA) and requires a background check and fingerprinting.
- Commercial Driver's License (CDL): This license is required for drivers of commercial vehicles and is issued by the state. It requires passing a written and driving test and meeting certain medical requirements.
- Unified Carrier Registration (UCR): This registration is required for companies that operate commercial vehicles and is issued by the Federal Motor Carrier Safety Administration (FMCSA). It requires payment of an annual fee and provides proof of financial responsibility.
- International Fuel Tax Agreement (IFTA) License: This license is required for companies that operate commercial vehicles in multiple states and is issued by the state. It requires payment of quarterly taxes based on the amount of fuel used in each state.
- Electronic Logging Device (ELD) Certification: This certification is required for companies that use electronic logging devices to track hours of service for drivers. It is issued by the manufacturer of the device and requires meeting certain technical specifications.
History
A concise historical narrative of NAICS Code 484110-11 covering global milestones and recent developments within the United States.
- Transfer companies have been around for centuries, with the earliest known examples dating back to ancient Rome, where goods were transported by ox-drawn carts. In the 19th century, the advent of railroads revolutionized the transportation industry, and transfer companies began to specialize in the transportation of goods to and from rail depots. The 20th century saw the rise of the trucking industry, and transfer companies adapted to this new mode of transportation, providing local delivery services for businesses and individuals. In recent history, the transfer companies industry in the United States has been shaped by technological advancements, such as the development of GPS tracking and online ordering systems, which have made it easier for companies to manage their logistics operations. Additionally, the COVID-19 pandemic has had a significant impact on the industry, with many transfer companies experiencing increased demand for their services due to the surge in e-commerce and home delivery.
Future Outlook for Transfer Companies
The anticipated future trajectory of the NAICS 484110-11 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 Transfer Companies in the USA is positive. The industry is expected to grow due to the increasing demand for local freight trucking services. The growth of e-commerce and online shopping has led to an increase in demand for last-mile delivery services, which is expected to drive the growth of Transfer Companies. Additionally, the industry is expected to benefit from the increasing demand for just-in-time delivery services, which require fast and efficient transportation of goods. However, the industry may face challenges such as rising fuel costs, driver shortages, and increasing competition from other transportation modes. Overall, the Transfer Companies industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 484110-11
Recent groundbreaking advancements and milestones in the Transfer Companies industry, reflecting notable innovations that have reshaped its landscape.
- Use Of Electric Trucks: Transfer Companies are increasingly adopting electric trucks to reduce their carbon footprint and operating costs. Electric trucks are more energy-efficient and have lower maintenance costs compared to traditional diesel trucks.
- Use Of Drones for Last-Mile Delivery: Some Transfer Companies are experimenting with the use of drones for last-mile delivery. Drones can deliver packages faster and more efficiently, especially in congested urban areas.
- Implementation Of Real-Time Tracking Systems: Transfer Companies are implementing real-time tracking systems to provide customers with accurate information about the location and status of their shipments. This helps to improve customer satisfaction and reduce the risk of lost or delayed shipments.
- Use Of Autonomous Vehicles: Transfer Companies are exploring the use of autonomous vehicles for freight transportation. Autonomous vehicles can reduce labor costs and improve efficiency, especially for long-haul transportation.
- Implementation Of Blockchain Technology: Some Transfer Companies are implementing blockchain technology to improve supply chain transparency and security. Blockchain technology can help to reduce the risk of fraud and errors in the supply chain, and improve the traceability of goods.
NAICS Code 484110-11 - Transfer Companies
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