NAICS Code 488510-02 - Containerized Freight & Cargo Service

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 488510-02 Description (8-Digit)

Containerized Freight & Cargo Service is a subcategory of the Freight Transportation Arrangement industry that involves the transportation of goods in standardized containers. This industry is responsible for the movement of goods across various modes of transportation, including ships, trucks, and trains. Containerized Freight & Cargo Service is a crucial part of the global supply chain, as it allows for the efficient and secure transportation of goods across long distances.

Hierarchy Navigation for NAICS Code 488510-02

Tools

Tools commonly used in the Containerized Freight & Cargo Service industry for day-to-day tasks and operations.

  • Container tracking software
  • Cargo handling equipment (e.g. cranes, forklifts)
  • Container lifting equipment (e.g. spreaders, slings)
  • Container sealing equipment (e.g. bolt seals, cable seals)
  • Container weighing equipment (e.g. weighbridges, scales)
  • Container cleaning equipment (e.g. high-pressure washers)
  • Container repair equipment (e.g. welding machines, cutting tools)
  • GPS tracking devices
  • Freight management software
  • Customs compliance software

Industry Examples of Containerized Freight & Cargo Service

Common products and services typical of NAICS Code 488510-02, illustrating the main business activities and contributions to the market.

  • International shipping
  • Intermodal transportation
  • Freight forwarding
  • Warehousing and distribution
  • Port operations
  • Rail transportation
  • Trucking and transportation
  • Logistics services
  • Supply chain management
  • Cargo handling and storage

Certifications, Compliance and Licenses for NAICS Code 488510-02 - Containerized Freight & Cargo Service

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

  • Transportation Worker Identification Credential (TWIC): A security clearance issued by the Transportation Security Administration (TSA) that allows access to secure areas of maritime facilities. This credential is required for all personnel who need unescorted access to secure areas of facilities regulated under the Maritime Transportation Security Act.
  • Hazardous Materials Endorsement (HME): A security clearance issued by the TSA that allows commercial drivers to transport hazardous materials. This endorsement is required for drivers who transport hazardous materials in amounts that require placards on their vehicles.
  • International Maritime Dangerous Goods (IMDG) Code: A set of regulations that govern the transportation of dangerous goods by sea. This code is mandatory for all shipments of dangerous goods by sea and is enforced by the International Maritime Organization (IMO).
  • Customs-Trade Partnership Against Terrorism (C-TPAT): A voluntary program that aims to improve supply chain security by working with businesses to identify and address security vulnerabilities. Participants in this program receive benefits such as reduced inspections and expedited processing at the border.
  • Federal Motor Carrier Safety Administration (FMCSA) Operating Authority: A permit issued by the FMCSA that allows carriers to operate in interstate commerce. This authority is required for carriers that transport passengers or property across state lines.

History

A concise historical narrative of NAICS Code 488510-02 covering global milestones and recent developments within the United States.

  • The Containerized Freight & Cargo Service industry has revolutionized the transportation of goods worldwide. The industry's history dates back to the 1950s when the first container ship, the Ideal X, sailed from Newark to Houston. This marked the beginning of containerization, which has since become the industry's hallmark. The industry has since grown exponentially, with the introduction of larger container ships, more efficient ports, and the development of intermodal transportation. In recent years, the industry has faced challenges such as the global economic downturn, the COVID-19 pandemic, and the ongoing trade tensions between the US and China. Despite these challenges, the industry has continued to grow, with the demand for containerized freight and cargo services increasing steadily. In the United States, the Containerized Freight & Cargo Service industry has a rich history that dates back to the 1960s. The industry has played a significant role in the country's economic growth, facilitating the transportation of goods across the country and beyond. The industry has undergone significant changes in recent years, with the introduction of new technologies, the expansion of intermodal transportation, and the increasing demand for sustainable transportation solutions. The industry has also faced challenges such as the shortage of truck drivers, the rising cost of fuel, and the increasing competition from other modes of transportation. Despite these challenges, the industry is expected to continue growing, driven by the increasing demand for containerized freight and cargo services.

Future Outlook for Containerized Freight & Cargo Service

The anticipated future trajectory of the NAICS 488510-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The containerized freight and cargo service industry in the USA is expected to grow in the coming years due to the increasing demand for goods transportation. The industry is expected to benefit from the growth of e-commerce and the increasing globalization of trade. The industry is also expected to benefit from the development of new technologies that will improve the efficiency of transportation and logistics. However, the industry is also facing challenges such as rising fuel costs, increasing competition, and the need to comply with new regulations. Overall, the industry is expected to continue to grow in the coming years, but companies will need to adapt to changing market conditions and invest in new technologies to remain competitive.

Industry Innovations for NAICS Code 488510-02

Recent groundbreaking advancements and milestones in the Containerized Freight & Cargo Service industry, reflecting notable innovations that have reshaped its landscape.

  • Blockchain Technology: The use of blockchain technology in the containerized freight and cargo service industry has the potential to improve transparency, security, and efficiency in the supply chain. Blockchain can help to reduce fraud, errors, and delays in the transportation of goods.
  • Automation: The use of automation in the containerized freight and cargo service industry can help to improve efficiency and reduce costs. Automation can be used for tasks such as loading and unloading containers, tracking shipments, and managing inventory.
  • Internet Of Things (Iot): The use of IoT devices in the containerized freight and cargo service industry can help to improve visibility and tracking of shipments. IoT devices can be used to monitor the condition of goods during transportation, track the location of containers, and provide real-time updates to customers.
  • Artificial Intelligence (AI): The use of AI in the containerized freight and cargo service industry can help to improve efficiency and reduce costs. AI can be used for tasks such as route optimization, demand forecasting, and risk management.
  • Green Initiatives: The containerized freight and cargo service industry is increasingly focused on reducing its environmental impact. Companies are investing in new technologies and practices to reduce emissions, improve fuel efficiency, and promote sustainability.

NAICS Code 488510-02 - Containerized Freight & Cargo Service

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