NAICS Code 488510-06 - Freight-ForwardingMarketing Level - NAICS 8-Digit
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NAICS Code 488510-06 Description (8-Digit)
Hierarchy Navigation for NAICS Code 488510-06
Parent Code (less specific)
Tools commonly used in the Freight-Forwarding industry for day-to-day tasks and operations.
- Transportation Management Systems (TMS)
- Warehouse Management Systems (WMS)
- Electronic Data Interchange (EDI) software
- Freight Management Software
- Customs Brokerage Software
- Load Optimization Software
- GPS Tracking Systems
- Freight Rate Management Software
- Carrier Selection Software
- Freight Audit and Payment Software
Industry Examples of Freight-Forwarding
Common products and services typical of NAICS Code 488510-06, illustrating the main business activities and contributions to the market.
- International Shipping
- Air Freight
- Ocean Freight
- Rail Freight
- Customs Clearance
- Warehousing and Distribution
- Supply Chain Management
- Hazardous Materials Shipping
- Temperature-Controlled Shipping
Certifications, Compliance and Licenses for NAICS Code 488510-06 - Freight-Forwarding
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Customs-Trade Partnership Against Terrorism (C-TPAT): C-TPAT is a voluntary program that aims to strengthen the security of the international supply chain while facilitating the flow of legitimate trade. The program is managed by the US Customs and Border Protection (CBP).
- International Air Transport Association (IATA) Dangerous Goods Regulations: This certification is required for companies that handle, package, or transport dangerous goods by air. The certification ensures that the company is compliant with international regulations for the safe handling of dangerous goods.
- Federal Maritime Commission (FMC) Ocean Transportation Intermediary (OTI) License: This license is required for companies that operate as ocean freight forwarders or non-vessel operating common carriers (NVOCCs). The license ensures that the company is compliant with US regulations for ocean transportation intermediaries.
- Transportation Security Administration (TSA) Certified Cargo Screening Facility (CCSF) Program: This program is required for companies that screen air cargo for security purposes. The program ensures that the company is compliant with TSA regulations for the screening of air cargo.
- International Federation Of Freight Forwarders Associations (FIATA) Diploma In Freight Forwarding: This certification is a globally recognized qualification for freight forwarders. The certification ensures that the individual has a comprehensive understanding of the international freight forwarding industry.
A concise historical narrative of NAICS Code 488510-06 covering global milestones and recent developments within the United States.
- Freight-forwarding has been an essential part of the global trade industry for centuries. The industry's roots can be traced back to the 1800s when the first freight forwarders emerged in Europe to help transport goods across borders. In the early 1900s, the industry expanded to the United States, where freight forwarders played a crucial role in the country's economic growth. Notable advancements in the industry include the introduction of containerization in the 1950s, which revolutionized the way goods were transported across the world. In recent years, the industry has seen significant growth due to the rise of e-commerce and globalization, which has led to an increase in demand for freight-forwarding services. In the United States, the freight-forwarding industry has a rich history dating back to the early 1900s. The industry played a vital role in the country's economic growth, especially during World War II, when freight forwarders were responsible for transporting military equipment and supplies. In the 1960s, the industry saw significant growth due to the introduction of air cargo, which allowed for faster and more efficient transportation of goods. In recent years, the industry has continued to grow due to the rise of e-commerce and the increasing demand for international trade. Overall, the freight-forwarding industry has a long and rich history, and it continues to play a crucial role in the global economy.
Future Outlook for Freight-Forwarding
The anticipated future trajectory of the NAICS 488510-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
Growth Prediction: StableThe Freight-Forwarding industry in the USA is expected to grow in the coming years due to the increasing demand for global trade and the need for efficient transportation of goods. The industry is expected to benefit from the growth of e-commerce and the increasing demand for same-day and next-day delivery services. The industry is also expected to benefit from the increasing use of technology, such as blockchain and artificial intelligence, which can help to streamline operations and reduce costs. However, the industry may face challenges such as increasing competition, rising fuel costs, and regulatory changes. Overall, the Freight-Forwarding industry is expected to continue to grow in the USA in the coming years.
Industry Innovations for NAICS Code 488510-06
Recent groundbreaking advancements and milestones in the Freight-Forwarding industry, reflecting notable innovations that have reshaped its landscape.
- Digital Freight Forwarding: Digital freight forwarding platforms are emerging as a new way to manage the transportation of goods. These platforms use technology to streamline the process of shipping goods, making it easier for businesses to manage their supply chains.
- Blockchain Technology: Blockchain technology is being used in the Freight-Forwarding industry to improve transparency and security in the supply chain. This technology can help to reduce fraud and errors, and improve the efficiency of the supply chain.
- Automation: Automation is being used in the Freight-Forwarding industry to improve efficiency and reduce costs. Automated systems can help to streamline operations and reduce the need for manual labor.
- Same-Day and Next-Day Delivery: Same-day and next-day delivery services are becoming increasingly popular in the Freight-Forwarding industry. These services are being used by businesses to meet the growing demand for fast and reliable shipping.
- Sustainable Shipping: Sustainable shipping practices are becoming more important in the Freight-Forwarding industry. Companies are looking for ways to reduce their carbon footprint and improve their environmental impact. This includes using alternative fuels, optimizing shipping routes, and reducing waste.
NAICS Code 488510-06 - Freight-Forwarding
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