NAICS Code 484220-16 - Fuel Products Transporting
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NAICS Code 484220-16 Description (8-Digit)
Hierarchy Navigation for NAICS Code 484220-16
Parent Code (less specific)
Tools
Tools commonly used in the Fuel Products Transporting industry for day-to-day tasks and operations.
- Fuel tanker trucks
- Fuel pumps and hoses
- GPS tracking systems
- Fuel level sensors
- Safety equipment (fire extinguishers, spill kits, etc.)
- Load securement equipment (straps, chains, etc.)
- Hazardous materials placards and labels
- Electronic logging devices
- Tire pressure monitoring systems
- Fuel additives and stabilizers
Industry Examples of Fuel Products Transporting
Common products and services typical of NAICS Code 484220-16, illustrating the main business activities and contributions to the market.
- Gasoline delivery
- Diesel fuel transportation
- Aviation fuel transport
- Propane delivery
- Heating oil delivery
- Biofuel transportation
- Ethanol delivery
- Biodiesel transport
- Jet fuel delivery
- Fuel oil transportation
Certifications, Compliance and Licenses for NAICS Code 484220-16 - Fuel Products Transporting
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): A CDL is required for drivers of commercial vehicles, including those transporting fuel products. It is issued by the state and requires passing a written and driving test.
- Federal Motor Carrier Safety Administration (FMCSA) Regulations: The FMCSA sets regulations for commercial motor vehicles, including those transporting fuel products. These regulations cover areas such as hours of service, vehicle maintenance, and driver qualifications.
- Department Of Transportation (DOT) Regulations: The DOT sets regulations for the transportation of hazardous materials, including fuel products. These regulations cover areas such as packaging, labeling, and placarding.
- International Fuel Tax Agreement (IFTA) License: This license is required for vehicles that travel across state lines and transport fuel products. It allows for the reporting and payment of fuel taxes to the appropriate states.
History
A concise historical narrative of NAICS Code 484220-16 covering global milestones and recent developments within the United States.
- The Fuel Products Transporting industry has a long history dating back to the early 20th century when the first gasoline-powered vehicles were introduced. The industry has since grown to become a vital part of the global economy, with the transportation of fuel products being essential for the functioning of various industries. Notable advancements in the industry include the development of specialized tanker trucks, which have made the transportation of fuel products safer and more efficient. In recent history, the industry has faced challenges such as the 1973 oil crisis, which led to a significant increase in fuel prices and a subsequent decline in demand for fuel products transporting services. However, the industry has since recovered and continues to play a crucial role in the global economy. In the United States, the Fuel Products Transporting industry has a rich history dating back to the early 1900s. The industry has grown significantly over the years, with the development of new technologies and the expansion of the country's transportation infrastructure. Notable advancements in the industry include the introduction of double-hulled tanker trucks, which have significantly reduced the risk of fuel spills and other accidents. In recent years, the industry has faced challenges such as the COVID-19 pandemic, which led to a decline in demand for fuel products transporting services due to reduced economic activity. However, the industry has shown resilience and is expected to continue to play a vital role in the country's economy.
Future Outlook for Fuel Products Transporting
The anticipated future trajectory of the NAICS 484220-16 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 Fuel Products Transporting industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fuel products. The growth of the industry is also driven by the increasing demand for fuel-efficient vehicles, which require more fuel to be transported. The industry is also expected to benefit from the increasing demand for renewable energy sources, which will require the transportation of biofuels. However, the industry may face challenges due to the increasing regulations on emissions and safety standards. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 484220-16
Recent groundbreaking advancements and milestones in the Fuel Products Transporting industry, reflecting notable innovations that have reshaped its landscape.
- Use Of GPS Tracking Systems: Fuel Products Transporting companies are increasingly using GPS tracking systems to monitor their vehicles and ensure that they are operating efficiently. This technology allows companies to track the location of their vehicles in real-time, monitor fuel consumption, and optimize routes to reduce fuel consumption and emissions.
- Use Of Alternative Fuels: Some Fuel Products Transporting companies are exploring the use of alternative fuels such as biodiesel and natural gas to reduce emissions and comply with environmental regulations. This trend is expected to continue as more companies seek to reduce their carbon footprint.
- Adoption Of Electric Vehicles: Some Fuel Products Transporting companies are beginning to adopt electric vehicles for short-haul deliveries. This trend is expected to continue as the technology improves and the cost of electric vehicles decreases.
- Use Of Automation: Some Fuel Products Transporting companies are exploring the use of automation to improve efficiency and reduce costs. This includes the use of autonomous vehicles and drones for deliveries.
- Implementation Of Safety Measures: Fuel Products Transporting companies are implementing safety measures such as driver training programs, safety inspections, and the use of safety equipment to reduce accidents and improve safety. This trend is expected to continue as safety regulations become more stringent.
NAICS Code 484220-16 - Fuel Products Transporting
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