NAICS Code 488510-01 - Brokers-Motor Transportation

Marketing Level - NAICS 8-Digit

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Total Companies

34

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NAICS Code 488510-01 Description (8-Digit)

Brokers-Motor Transportation is a subdivision of the Freight Transportation Arrangement industry that involves arranging and coordinating the transportation of goods by motor vehicles. Brokers-Motor Transportation companies act as intermediaries between shippers and carriers, negotiating rates and ensuring that goods are transported efficiently and safely. These companies may specialize in specific types of cargo, such as hazardous materials or oversized loads, and may operate locally, nationally, or internationally.

Hierarchy Navigation for NAICS Code 488510-01

Tools

Tools commonly used in the Brokers-Motor Transportation industry for day-to-day tasks and operations.

  • Load boards
  • Transportation management software
  • GPS tracking systems
  • Electronic logging devices
  • Freight rate calculators
  • Carrier safety rating databases
  • Fuel optimization software
  • Freight bill auditing software
  • Document management systems
  • Customer relationship management software

Industry Examples of Brokers-Motor Transportation

Common products and services typical of NAICS Code 488510-01, illustrating the main business activities and contributions to the market.

  • Refrigerated food transport
  • Oversized equipment transport
  • Hazardous materials transport
  • Automobile transport
  • Furniture transport
  • Construction materials transport
  • Agricultural products transport
  • Retail goods transport
  • Medical supplies transport
  • Waste management transport

Certifications, Compliance and Licenses for NAICS Code 488510-01 - Brokers-Motor Transportation

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Transportation Intermediaries Association (TIA) Broker Authority: This certification is required for brokers to operate legally in the US. It is issued by the Federal Motor Carrier Safety Administration (FMCSA) and ensures that brokers have met the necessary insurance and financial requirements.
  • Hazardous Materials Endorsement (HME): This endorsement is required for brokers who handle hazardous materials. It is issued by the Transportation Security Administration (TSA) and ensures that brokers have passed a background check and have met the necessary security requirements.
  • Unified Carrier Registration (UCR): This registration is required for brokers who operate in interstate commerce. It is issued by the UCR Board and ensures that brokers have paid the necessary fees to operate legally.
  • International Air Transport Association (IATA) Dangerous Goods Regulations (DGR): This certification is required for brokers who handle dangerous goods in air transportation. It is issued by IATA and ensures that brokers have met the necessary safety and security requirements.
  • Customs-Trade Partnership Against Terrorism (C-TPAT): This certification is required for brokers who handle international shipments. It is issued by the US Customs and Border Protection (CBP) and ensures that brokers have met the necessary security requirements to prevent terrorism.

History

A concise historical narrative of NAICS Code 488510-01 covering global milestones and recent developments within the United States.

  • The "Brokers-Motor Transportation" industry has a long history dating back to the early 20th century when the first motorized trucks were introduced. The industry grew rapidly during the 1920s and 1930s, as the demand for motor transportation increased. The industry faced challenges during the Great Depression, but it recovered quickly after World War II. In the United States, the industry saw significant growth in the 1960s and 1970s, as the interstate highway system was developed. The industry has continued to evolve, with the introduction of new technologies such as GPS tracking and electronic logging devices. Recent history of the "Brokers-Motor Transportation" industry in the United States has been marked by significant changes. The industry has seen consolidation, with larger companies acquiring smaller ones. The rise of e-commerce has also had a significant impact on the industry, with companies like Amazon investing in their own transportation networks. The industry has also faced challenges related to driver shortages and increased regulation. Despite these challenges, the industry has continued to grow, with increasing demand for transportation services.

Future Outlook for Brokers-Motor Transportation

The anticipated future trajectory of the NAICS 488510-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Brokers-Motor Transportation 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 the need for faster delivery times are driving the demand for freight transportation services. The industry is also expected to benefit from the increasing use of technology, such as transportation management systems, which can help brokers optimize their operations and reduce costs. However, the industry may face challenges such as rising fuel costs, driver shortages, and regulatory changes. Overall, the Brokers-Motor Transportation industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 488510-01

Recent groundbreaking advancements and milestones in the Brokers-Motor Transportation industry, reflecting notable innovations that have reshaped its landscape.

  • Digital Freight Matching: This technology connects shippers and carriers through an online platform, making it easier to find available trucks and book shipments.
  • Real-Time Tracking: Real-time tracking technology allows shippers and carriers to track shipments in real-time, providing greater visibility and transparency throughout the transportation process.
  • Automated Dispatch: Automated dispatch systems can help brokers optimize their operations by automatically assigning loads to carriers based on their availability and location.
  • Predictive Analytics: Predictive analytics can help brokers forecast demand and optimize their operations, reducing costs and improving efficiency.
  • Mobile Apps: Mobile apps can help brokers and carriers manage their operations on-the-go, providing real-time access to information and improving communication.

NAICS Code 488510-01 - Brokers-Motor Transportation

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