NAICS Code 488490-12 - Truck Terminals
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NAICS Code 488490-12 Description (8-Digit)
Hierarchy Navigation for NAICS Code 488490-12
Parent Code (less specific)
Tools
Tools commonly used in the Truck Terminals industry for day-to-day tasks and operations.
- Loading docks
- Forklifts
- Pallet jacks
- Hand trucks
- Conveyor belts
- Cargo straps
- Tie-downs
- Ramps
- Loading and unloading equipment
- GPS tracking systems
Industry Examples of Truck Terminals
Common products and services typical of NAICS Code 488490-12, illustrating the main business activities and contributions to the market.
- Freight forwarding terminals
- Intermodal terminals
- Container terminals
- Distribution centers
- Logistics hubs
- Trucking depots
- Truck stops
- Warehousing and storage facilities
- Cross-docking facilities
- Freight consolidation centers
Certifications, Compliance and Licenses for NAICS Code 488490-12 - Truck Terminals
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement: Required for drivers who transport hazardous materials. The Transportation Security Administration (TSA) provides this endorsement.
- Commercial Driver's License (CDL): Required for drivers operating commercial vehicles. The Federal Motor Carrier Safety Administration (FMCSA) provides this license.
- Unified Carrier Registration (UCR): Required for motor carriers operating in interstate or international commerce. The UCR is an agreement among states that provides a single registration system for carriers.
- International Fuel Tax Agreement (IFTA) License: Required for motor carriers operating in multiple jurisdictions. The IFTA is an agreement among states and Canadian provinces that simplifies the reporting of fuel use taxes.
- Electronic Logging Device (ELD) Certification: Required for motor carriers using electronic logging devices to record hours of service. The FMCSA provides a list of certified ELDs on their website.
History
A concise historical narrative of NAICS Code 488490-12 covering global milestones and recent developments within the United States.
- The "Truck Terminals" industry has a long history dating back to the early 1900s when the first trucking companies began to emerge. The industry grew rapidly during the 1920s and 1930s, as the demand for trucking services increased due to the growth of the US economy. In the 1950s and 1960s, the industry experienced significant growth due to the construction of the interstate highway system, which made it easier for trucks to transport goods across the country. In recent years, the industry has continued to evolve with the introduction of new technologies such as GPS tracking and automated loading and unloading systems. In the United States, the "Truck Terminals" industry has seen significant growth in recent years due to the increase in e-commerce and online shopping. As more consumers turn to online shopping, the demand for trucking services has increased, leading to the growth of the industry. Additionally, the industry has benefited from the growth of the US economy, which has led to an increase in the transportation of goods across the country. Overall, the "Truck Terminals" industry has a rich history and continues to play a vital role in the US economy.
Future Outlook for Truck Terminals
The anticipated future trajectory of the NAICS 488490-12 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 Truck Terminals industry in the USA is positive. The industry is expected to grow due to the increasing demand for freight transportation services. The growth of e-commerce and online shopping has led to an increase in the volume of goods being transported, which in turn has increased the demand for trucking services. The industry is also expected to benefit from the increasing use of technology in logistics and transportation. The use of automation, artificial intelligence, and other technologies is expected to improve the efficiency of trucking operations and reduce costs. However, the industry may face challenges such as rising fuel costs, driver shortages, and regulatory changes. Overall, the Truck Terminals industry is expected to continue to grow in the coming years, driven by the increasing demand for freight transportation services and the adoption of new technologies.
Industry Innovations for NAICS Code 488490-12
Recent groundbreaking advancements and milestones in the Truck Terminals industry, reflecting notable innovations that have reshaped its landscape.
- Automated Truck Loading and Unloading Systems: These systems use robotics and automation to load and unload trucks, reducing the need for manual labor and improving efficiency.
- Real-Time Tracking and Monitoring Systems: These systems use GPS and other technologies to track the location and status of trucks and shipments in real-time, improving visibility and reducing the risk of lost or delayed shipments.
- Electric and Hybrid Trucks: These vehicles use alternative fuels and technologies to reduce emissions and improve fuel efficiency, making them more environmentally friendly and cost-effective.
- Mobile Apps for Drivers and Customers: These apps provide real-time information on shipments, routes, and delivery times, improving communication and reducing delays.
- Predictive Analytics and Machine Learning: These technologies use data analysis and algorithms to predict demand, optimize routes, and improve efficiency, reducing costs and improving service quality.
NAICS Code 488490-12 - Truck Terminals
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