NAICS Code 488510-08 - Freight-Traffic ServiceMarketing Level - NAICS 8-Digit
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NAICS Code 488510-08 Description (8-Digit)
Hierarchy Navigation for NAICS Code 488510-08
Parent Code (less specific)
Tools commonly used in the Freight-Traffic Service industry for day-to-day tasks and operations.
- Transportation Management Systems (TMS)
- Electronic Data Interchange (EDI) software
- Freight Management Software
- Warehouse Management Systems (WMS)
- Global Positioning System (GPS) tracking devices
- Load Boards
- Carrier Rate Negotiation Tools
- Freight Bill Auditing Software
- Transportation Analytics Software
- Electronic Logging Devices (ELD)
Industry Examples of Freight-Traffic Service
Common products and services typical of NAICS Code 488510-08, illustrating the main business activities and contributions to the market.
- Air Freight Services
- Ocean Freight Services
- Rail Freight Services
- Truckload Freight Services
- Less-than-Truckload (LTL) Freight Services
- Intermodal Freight Services
- Expedited Freight Services
- Temperature-Controlled Freight Services
- Hazardous Materials Freight Services
- Oversized Freight Services
Certifications, Compliance and Licenses for NAICS Code 488510-08 - Freight-Traffic 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 workers who need access to secure areas of ports, vessels, and other maritime facilities.
- 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 quantities that require placards on their vehicles.
- Federal Motor Carrier Safety Administration (FMCSA) Operating Authority: A permit issued by the FMCSA that allows carriers to operate commercial vehicles in interstate commerce. This authority is required for carriers that transport passengers or property for compensation.
- International Air Transport Association (IATA) Dangerous Goods Regulations (DGR) Certification: A certification issued by IATA that allows individuals to handle and transport dangerous goods by air. This certification is required for individuals who handle or transport dangerous goods by air.
- Customs-Trade Partnership Against Terrorism (C-TPAT) Certification: A certification issued by U.S. Customs and Border Protection (CBP) that recognizes companies that have implemented security measures in their supply chain. This certification is required for companies that want to participate in the C-TPAT program.
A concise historical narrative of NAICS Code 488510-08 covering global milestones and recent developments within the United States.
- The Freight-Traffic Service industry has a long history dating back to the early 20th century when the first freight forwarders emerged in Europe. These early freight forwarders were responsible for arranging the transportation of goods from one place to another, and they quickly became an essential part of the global trade network. In the United States, the industry began to take shape in the 1920s, with the establishment of the first freight forwarders and customs brokers. Over the years, the industry has undergone significant changes, with the introduction of new technologies, such as containerization, and the growth of global trade. Today, the industry is a vital part of the global economy, facilitating the movement of goods across borders and between continents. In recent years, the Freight-Traffic Service industry in the United States has seen significant growth, driven by the expansion of e-commerce and the increasing demand for fast and reliable shipping services. The industry has also been impacted by the COVID-19 pandemic, which has led to a surge in demand for online shopping and home delivery services. As a result, many companies in the industry have had to adapt to new challenges, such as increased demand for last-mile delivery services and the need to implement new safety protocols to protect workers and customers. Despite these challenges, the industry is expected to continue to grow in the coming years, driven by the ongoing expansion of e-commerce and the increasing demand for fast and reliable shipping services.
Future Outlook for Freight-Traffic Service
The anticipated future trajectory of the NAICS 488510-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
Growth Prediction: GrowingThe Freight-Traffic Service industry in the USA is expected to grow in the coming years due to the increasing demand for transportation services. The industry is expected to benefit from the growth of e-commerce and the need for efficient and timely delivery of goods. The industry is also expected to benefit from the growth of the US economy, which is expected to increase demand for transportation services. However, the industry is also expected to face challenges such as rising fuel costs, increasing competition, and the need to comply with environmental regulations.
Industry Innovations for NAICS Code 488510-08
Recent groundbreaking advancements and milestones in the Freight-Traffic Service industry, reflecting notable innovations that have reshaped its landscape.
- Digital Freight Matching: This innovation uses technology to match shippers with carriers, making the process more efficient and cost-effective.
- Autonomous Trucks: The development of autonomous trucks is expected to revolutionize the industry by reducing labor costs and increasing efficiency.
- Blockchain Technology: The use of blockchain technology in the industry is expected to increase transparency and reduce fraud.
- Predictive Analytics: The use of predictive analytics is expected to help companies optimize their operations and reduce costs.
- Last-Mile Delivery Solutions: The development of last-mile delivery solutions is expected to improve the efficiency of the delivery process and reduce costs.
NAICS Code 488510-08 - Freight-Traffic Service
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