NAICS Code 488510-06 - Freight-Forwarding

Marketing Level - NAICS 8-Digit

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NAICS CODE 488510-06
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NAICS Code 488510-06 Description (8-Digit)

Freight-Forwarding is a subdivision of the NAICS Code 488510 that involves the organization and coordination of shipments for individuals or companies. Freight-Forwarding companies act as intermediaries between shippers and carriers, ensuring that goods are transported from one location to another in a timely and cost-effective manner. These companies handle a range of tasks, including negotiating rates with carriers, arranging for the transportation of goods, preparing and processing documentation, and tracking shipments to ensure they arrive at their destination on time.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 488510 page

Tools

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
  • Trucking
  • Customs Clearance
  • Warehousing and Distribution
  • Supply Chain Management
  • Hazardous Materials Shipping
  • Temperature-Controlled Shipping

History

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.