The global transportation industry covers many countries around the world, from small countries like Sierra Leon, to larger countries like Australia, and even larger countries like the United States. The global transportation industry has grown with the advent of the airplane and its ability to move cargo across oceans easily.
The global transportation industry moves cargo across oceans, mountains, seas, deserts, and traffics that cargo to locations that are often far away from the given “map” of the world. There are many instances in which goods are ferried across waters and moved across mountains and driven across roadways around the world.
Food is often moved from country to country depending on the hemisphere of the country that wants the food and the hemisphere of the country that the food is being grown in. Electronics are moved from country to country as manufacturing plants in other countries produce goods that are moved to places all around the world.
Clothing is a product that is moved from place to place all around the world. Clothing in terms of t-shirts and jeans and sweaters and cardigans are made in certain countries and then flown or shipped to other countries that have a need for those t-shirts, jeans, sweaters, and cardigans, among other types of clothing.
There are many other instances of commodities and products being moved around the world at fast paces to get to the customers that the businesses are trying to entice into purchasing those products. Goods get moved all around the world, sometimes quickly, sometimes slowly, but they always get there unless there is a serious event.
In the United States, manufacturing plants have slowly been fazed out to be moved overseas. The transportation industry has grown in the United States due to the proliferation of the economy and the expansion of many people who want to buy goods with either credit or (for the rich) expendable money.
Other retail giants have disrupted the movement of goods across the country. Amazon, for instance, changed the landscape when it comes to the movement of goods. Amazon is an online retail giant that enables people to select goods that are made from the manufacturers without a traditional brick and mortar store that has an incredible mark-up.
Amazon allows users to see products with user reviews (a form of crowd-sourcing, which is a new 21st century term) and pick products with a comparison option. Amazon has many shipping options, including free two-day shipping with a Prime account, that transportation companies have to follow.
Amazon has created a new transportation framework in which companies handle truckloads and sometimes less than truckload shipments every day, when it comes to shipping items across the country, then regionally, and then locally. Planes handle a great deal of the shipping process but trains and trucks handle a great deal as well.
Less than truckload shipping is part of the process for many companies that are associated with Amazon. Because Amazon relies on expedited freight services, an LTL company must be ready to handle shipments within two or more business days. LTL shipping means that the load in the truck is less than the amount that is possible to be carried in the truck.
That is the LTL shipping definition and LTL shipping services handle those shipments, as well as shipments by Amazon. LTL shipments handle expedited freight services from numerous outlets, including those that deal with trade show shipments, pharmaceuticals shipments, industry machinery transport, overweight shipping, and oversize freight.
Expedited freight services is an important tool for companies like Amazon to enable them to appeal to a customer base that wants something quickly. Expedited freight services enables companies to deliver goods at a sped up rate to whomever needs them. There are many statistics surrounding LTL shipping and the industry.
- The LTL market is estimated at approximately $35 billion.
- In 2013, trucking transported nearly 15 billion tons of cargo. The Bureau of Labor Statistics reports that by 2040, that number is expected to increase to 18.79 billion tons.
- Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network.
- The three most valuable commodities moved by the U.S. freight transportation system include machinery, electronics and motorized vehicles.
These are all important, as is the transportation and logistics industries.