First Research US Industry Profile

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Coastal & Great Lakes Freight Transportation
SIC Codes: 4432, 4492
NAICS Codes: 483113
Last Quarterly Update: 3/18/2019
Companies in this industry transport cargo in US coastal waters, on the Great Lakes System, or between ports of the US mainland, Puerto Rico, and US island possessions. Major companies include Kirby, Matson, American Steamship Company, and Rand Logistics.
The US coastal and Great Lakes shipping industry includes about 600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $7 billion.
Coastal ("coastwise") shipping involves the freight transport of cargo within 20 miles of the Atlantic, Pacific, and Gulf Coasts; between the US mainland and Puerto Rico, Alaska, Hawaii, and other US Pacific Islands; and between US coasts by way of the Panama Canal. Great Lakes ("lakewise") shipping is the transport of freight among the five US Great Lakes and along the Saint Lawrence Seaway System. Deep sea shipping to foreign ports and inland transport along US rivers aren't included in this industry. Deep sea shipping and inland barge transportation are covered in separate industry profiles.
Competitive Landscape
Demand is driven primarily by demand from manufacturers for commodities such as coal, crude oil, grain, iron ore, refined petroleum products, and scrap metal. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in handling a broad range of cargo and diversifying freight and logistics operations. Small companies can compete effectively by transporting unusual cargo and offering excellent customer service. The US industry is highly concentrated: the 50 largest companies account for about 90% of industry revenue.
Coastal and Great Lakes shippers compete directly against railroads, pipelines, and trucks to transport cargo and bulk commodities. For many large shipments, barges are the most economical form of transportation. However, coastal and Great Lakes vessels generally take longer than trucks or trains would take to transport freight between the same points.
Products, Operations & Technology
Major services include the transportation of bulk liquids and gases, box and pallet freight, dry bulk, automobiles, and waste. Combined, these segments ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

12/10/2018
09/10/2018
06/11/2018
03/12/2018
12/04/2017
09/04/2017
06/05/2017
03/06/2017
11/28/2016
08/29/2016
05/30/2016
02/29/2016
11/23/2015
08/24/2015
05/25/2015
02/23/2015
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09/01/2014
06/09/2014
03/17/2014
12/16/2013
09/23/2013
07/01/2013
04/08/2013
01/14/2013
10/08/2012
07/23/2012
04/30/2012
01/30/2012
10/17/2011
07/11/2011
04/04/2011
12/20/2010
09/27/2010
06/21/2010
03/22/2010