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NAICS Code 532120-17 Description (8-Digit)

Dump truck renting is a specialized industry that involves the rental of dump trucks to businesses and individuals for various purposes. Dump trucks are heavy-duty vehicles that are designed to transport loose materials such as sand, gravel, and dirt. The industry is a subdivision of the NAICS Code 532120, which covers the rental and leasing of trucks, utility trailers, and recreational vehicles. Dump truck renting is a crucial service for many industries, including construction, mining, and landscaping. It allows businesses to transport large quantities of materials quickly and efficiently, without the need to purchase and maintain their own fleet of dump trucks. The industry is highly competitive, with many companies offering a range of dump truck models and rental options to meet the needs of their customers.

Hierarchy Navigation for NAICS Code 532120-17

Tools

Tools commonly used in the Dump Truck Renting industry for day-to-day tasks and operations.

  • Dump trucks (various models and sizes)
  • Hydraulic systems
  • GPS tracking systems
  • Tarping systems
  • Backup cameras
  • Load scales
  • Air compressors
  • Pneumatic tools (e.g. jackhammers)
  • Safety equipment (e.g. hard hats, safety vests)
  • Fuel tanks and pumps

Industry Examples of Dump Truck Renting

Common products and services typical of NAICS Code 532120-17, illustrating the main business activities and contributions to the market.

  • Construction companies
  • Landscaping companies
  • Mining companies
  • Excavation companies
  • Demolition companies
  • Road building companies
  • Waste management companies
  • Agricultural businesses
  • Municipalities
  • Environmental remediation companies

Certifications, Compliance and Licenses for NAICS Code 532120-17 - Dump Truck Renting

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

  • Commercial Driver's License (CDL): A CDL is required to operate a dump truck. It is issued by the Federal Motor Carrier Safety Administration (FMCSA) and is regulated by the Department of Transportation (DOT). The CDL is divided into three classes, A, B, and C, depending on the weight of the vehicle. The CDL test includes a written exam and a driving test.
  • Hazardous Materials Endorsement (HME): If a dump truck is used to transport hazardous materials, a HME is required. It is also issued by the FMCSA and requires a background check and fingerprinting.
  • International Registration Plan (IRP): Dump trucks that operate in more than one state require an IRP. It is a registration agreement between the US states and Canadian provinces that allows commercial vehicles to travel across borders.
  • International Fuel Tax Agreement (IFTA): Dump trucks that operate in more than one state also require an IFTA. It is an agreement between the US states and Canadian provinces that simplifies the reporting of fuel use by motor carriers that operate in more than one jurisdiction.
  • Unified Carrier Registration (UCR): Dump trucks that operate in interstate commerce require a UCR. It is a federally-mandated program that requires motor carriers to register and pay an annual fee based on the size of their fleet.

History

A concise historical narrative of NAICS Code 532120-17 covering global milestones and recent developments within the United States.

  • The dump truck renting industry has been around for many decades, with the first dump trucks being used in the early 1900s. The industry has seen significant growth and development over the years, with advancements in technology and the introduction of new materials. In the United States, the industry has seen a surge in demand due to the growth of the construction industry and the need for efficient transportation of materials. In recent years, the industry has also seen an increase in demand for environmentally friendly dump trucks, with many companies investing in hybrid and electric dump trucks to reduce their carbon footprint.

Future Outlook for Dump Truck Renting

The anticipated future trajectory of the NAICS 532120-17 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Dump Truck Renting industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for construction and infrastructure development. The growth of the construction industry is expected to drive demand for dump trucks, which will increase the demand for rental services. Additionally, the increasing trend towards outsourcing non-core activities by construction companies is expected to drive demand for rental services. The industry is also expected to benefit from the increasing trend towards renting rather than owning equipment, as renting provides flexibility and cost savings. However, the industry may face challenges such as rising fuel prices and increasing competition from other rental services. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 532120-17

Recent groundbreaking advancements and milestones in the Dump Truck Renting industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Telematics Technology: Dump truck rental companies are increasingly using telematics technology to track the location, speed, and fuel consumption of their vehicles. This technology helps companies optimize their fleet management, reduce fuel consumption, and improve safety.
  • Use Of Alternative Fuels: Some dump truck rental companies are exploring the use of alternative fuels such as natural gas and electric power to reduce their carbon footprint and operating costs.
  • Integration Of GPS Technology: Dump truck rental companies are integrating GPS technology into their vehicles to improve routing and reduce delivery times. This technology also helps companies track their vehicles and improve safety.
  • Use Of Mobile Apps: Some dump truck rental companies are developing mobile apps that allow customers to book and manage their rentals from their smartphones. This technology provides convenience and flexibility to customers.
  • Expansion Of Rental Fleet: Some dump truck rental companies are expanding their rental fleet to include a wider range of vehicles such as excavators, bulldozers, and loaders. This expansion allows companies to offer a more comprehensive range of services to their customers.

NAICS Code 532120-17 - Dump Truck Renting

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