(Amcor, 2020), Interestingly, in 2020, US consumers returned merchandise that was worth $428 billion. It is essential to know the different revenue models present in the industry because they vary according to business size, legal structure, and . The following logistics statistics will help you know what to anticipate from the rapidly evolving marketplace. 1. Sequentially, Transportation Sector Net income advanced by 1.55 % from previous quarter. View data table T eliges cundo quieres repartir. Learn how it works in our, Wialon is a multifunctional fleet management system that is also used for mobile and stationary assets tracking. Under the new revenue recognition accounting model, companies will recognize revenue using a single standard that faithfully depicts the transfer of promised goods or services to customers in an amount the entity expects to receive in exchange for those goods or services. Source: Statista Designed by. But at the same time, the industry has a significant impact on the environmental system. However, the industry is embroiled in multiple disruptions and uncertainty, and firms that are digitally unfit risk obsolescence. (Globe Newswire, 2020), Interestingly, the UAV drone market for commercial use is projected to grow exponentially to reach $1.2 billion by 2020. . The global transportation industry market has been impacted adversely due to the COVID-19 pandemic, as several countries were in a lockdown state. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility. Keep it clean. The most common occupations in the industry are transportation and material moving occupations, which comprised 293,470 employees earning an average annual wage of $45,670 in 2019. An entity must determine the transaction price based on the terms of the contract and the entitys customary business practices. For 1998 and later, data includes truck transportation (484) and couriers and messengers (492) based on NAICS (North American Industry Classification System). (DHL, 2019), According to DHL, drivers spend up to 60% of their time away from the distribution center, not driving. To remain competitive, businesses should formulate innovative ways to optimize operations and augment the supply chain. As a result, they are well-known sources of air pollution in the form of particulate matter and gas emissions. The Minnesota certificate number is 00963. From increasing international freight traffic to the adoption of smart containerization, change has been constant. 2014-09; ASC 606) takes effect. (Supply & Demand Chain Executive, 2021), Last-mile delivery accounts for the biggest (53%) share of delivery costs followed by collection (37%), sorting (6%), and line haul (4%). 131,990 of these workers were employed specifically as material moving workers, earning an average annual wage of $38,750. During the evolution of U.S. GAAP, both transaction- and industry-specific guidance evolved. Fortunately, the modern breakthroughs in technologies like machine learning, AI, autonomous trucking, AR, AUVs, and drones, point to a bright future. No spam. As such, there is not a significant financing component to be accounted for as it relates to these revenue transactions. The company disclosed that Revenues nearly doubled, all along the most recent fiscal period. All B2B Directory Rights Reserved. This site contains PDF documents. Among this the logistics industry has the highest market share in 2019, this is due to increasing the sale and production of vehicles around the globe. Product Portfolio: The company has a diverse product portfolio of the transportation industry includes shipping, logistics, eCommerce, delivery services, access, citizenship, global trade, aviation, transportation, freight, package delivery, small business, printing, business solutions, corporate citizenship, sustainability, entrepreneurship, innovation, technology, and supply chain. This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. According to the Consumers International Organization, in 2016, global e-commerce sales were estimated to be around US$ 1.9 trillion and have been expected to grow up to US$ 4.06 trillion by 2020. (Mind Aspire Market Research, 2016), The global connected logistics market is expected to reach more than $54 billion by 2022. Text. (IBISWorld, 2020), The annualized growth rate between 2014 and 2019 for the transportation and warehousing market was 1.7%. It is poised to reach $1,191.8 billion by 2023. COMTEX . (McKinsey & Company, 2018), Interestingly, an analysis of large ocean carriers websites revealed that more than 50% took 13 seconds to load, whereas 20% took more than 20 seconds to load. (Transport Intelligence, 2019), Moreover, the latest transportation industry market research shows DHL Express is the largest international express services provider by revenue. Updated guidance on revenue recognition standards will soon affect nearly all U.S. nonpublic companies. Within Transportation sector, Transport & Logistics Industry achieved the highest . 4. Tonnage: 10.93 billion tons of freight (primary shipments only) transported by trucks in 2021, representing 72.2% of total domestic tonnage shipped. Going by the World Health Organization Statistics, these innovations can help prevent an estimated $100 billion of products from being counterfeited online. (Amazon, 2019), Robotic Process Automation can increase the automation level to nearly 100% in customer invoicing and transport planning. This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. As of 2020, 14.3 million Americans work in the transportation & warehousing industry. Using a reliable fleet management software can be a good start. The guidance provides two alternative transition methods that you may elect to adopt: Our take: In determining which method to elect, consider not only which method is easier to apply, but also what the expectations are of the investor community. (McKinsey & Company, 2018), Moreover, the distribution of mobile searches amongst the logistics sectors in 2017 was as follows. Estamos comprometidos con tu seguridad:<br> Las funciones de Uber estn diseadas para . The Company has integrated business applications through collaboratively managed operating companies with collectively delivering extraordinary service to the expertise and reliability. You can read the pros and cons of clearPath GPS to understand how the solution can streamline your logistics business. (Cision PR Newswire, 2020), With a score of 8.9, China is the leading emerging market based on the Logistics Performance Index. 99 Search Marketing Statistics You Cant Ignore: 2023 Data Analysis & Market Share, 65 Lead Generation Software Statistics You Cant Ignore: 2023 Market Share & Data Analysis, 62 e-Signature Software Statistics You Cant Ignore: 2023 Market Share Analysis & Data, 102 Restaurant Software Statistics You Cant Ignore: 2023 Data, Analysis, & Market Share, 44 VPN Software Statistics You Cant Ignore: 2023 Data Analysis & Market Share, 85 Uber Statistics You Cant Ignore: 2023 Market Share & Data Analysis, 30 Facebook Messenger Statistics You Cant Ignore: 2023 Market Share & Data Analysis, 76 Construction Industry Statistics You Must See: 2023 Market Share & Data Analysis, 81 Important Food Industry Statistics: 2023 Data Analysis and Market Share, 75 Logo Statistics You Cant Ignore: 2023 Data Analysis & Market Share, 69 Graphic Design Statistics You Cant Ignore: 2023 Industry Data & Analysis, 70 App Statistics You Cant Ignore: 2023 Market Share & Data Analysis, 88 Social Media Statistics You Cant Ignore: 2023 Data Analysis & Market Share, 94 SEO Statistics You Cant Ignore: 2023 Market Share Analysis & Data, 82 Web & UX Design Statistics You Cant Ignore: 2023 Data Analysis & Market Share, 66 Live Chat Statistics You Cant Ignore: 2021 Market Share Analysis & Data, 20 Best Document Management Software for Law Firms in 2023, How Does Grammarly Work? Firms in these industries offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. At the foot of pier, special refrigerated containers and preparation rooms for frozen products can carry out the entire chain of post-processing and storage of fish, from refrigeration and distribution, to manufacture and supply of industrial ice. Malaysia However, as the statistics below show, the growth of various sectors of the transport industry has remained unabated. Key Development: On 25th Sept 2020, FedEx has launched a lightweight, sensor-based logistics device called SenseAware ID which enables the highly precise tracking of shipments. Generally, a lot of things are taking place in the transport industry. High volumes of heavy cargo and products are transported long distances throughout the United States via rail network. Source: Dassault Systmes. Transportation Industry Market is segmented By Types and Service (Roadways Transportation, Airways Transportation, Waterways Transportation, Transit and Ground Passenger Transportation (Ride Sharing, E-Hailing, Rental, Others), Railways Transportation, Services (Warehousing and Storage, Smart Ticketing, Parking Management, Traffic Management, Passenger Information, Freight Information, Vehicle Telematics, Others), Others), By Vehicle Type (Conventional Transportation, Smart Transportation . You can have a look at our list of fleet management companies in the US to explore the solutions they provide. The warehousing and storage industry includes storage and security for general merchandise, refrigerated goods, and farm products. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. The Maryland permit number is 39235. (Winnesota), Interestingly, the American Trucking Associations estimates that by 2026, driver shortage will be 174, 000. The timing of revenue recognition under the new guidelines is when control of the goods or services under the contract transfers to the customer. According to the International Air Transport Association (IATA) in 2019, the number of international passenger trips in China and India are 50 million and 30 million respectively. 2014-09, Revenue from Contracts with Customers (Topic 606). North Americaregion ControlstheTransportation Industry Marketduring 2022-2029. The FASB acknowledged that practical limitations may exist in whether another carrier would be able to take over the remainder of the trip for an incomplete shipment, but indicated that this fact should be disregarded under the guidance for the revenue recognition model. The transportation sector consists of several industries including air freight, logistics, marines, airlines, road & rail, and transportation infrastructure. (ZenRobotics, 2018), Also, by using H; an AI version of Kaizen, Hitachi increased productivity by 8% compared to other warehouses without AI. Foreign direct investment contributed $2.2billion to the warehousing and storage industry in 2019, and 33,600workers were employed by foreign-owned businesses in 2018 (3 percent of the total industry employment for that year). (Statista, 2020), The air freight forwarding market likewise experienced a decrease of 7.7% while the sea freight forwarding market a decrease of 7.3% based on a scenario of severe impact brought about by the pandemic. The assumptions built into the model respond to the four trucking industry concerns. Explore the impact of foreign direct investment on U.S. jobs, exports, and innovation in the logistics and transportation industry. We deliver, and make sure your endeavour is a success! Quarter 2022 Net income improved by 12.26 % year on year. Besides, ecommerce sellers with high-velocity delivery needs can combine fleet management solutions with platforms such as Rakuten Super Logistics to streamline e-commerce delivery. The American Trucking Associations released its American . Our statistics compilation has taken you through some of the key areas of the transportation industry. Our take: Under the new standards, as long as the carrier has enforceable rights, simply following customary business practices would constitute a contract, which could be represented as individual customer orders supported by pricing negotiated with the shipper. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low costs. (PwC, 2019), The estimated impact of the COVID-19 pandemic for the global industry is a decrease in growth of gross value by 0.5% for fast recovery, a 1.3% decrease in gross value for a delayed cure, and negative growth of 6.1% in case of a profound recession. Similarly, aviation, aviation, aerospace, logistics, maritime, mass transit, freight, shipping and rail & road transport segments are also growing at the fastest speed with rising demand for transportation worldwide. Actually, logistics includes not only the transportation of goods but also packaging, storage, delivery, handling, and numerous other aspects. In fact, logistics/trucking has the lions share of the transport and logistics market in terms of deal value. (Statista, 2020), NexTraq is a GPS fleet management solution that can be used by companies with fleets ranging from 2 to more than 2,000 vehicles. To expedite the adoption, businesses need to come up with strategic and adaptive frameworks. Transportation Industry Statistics and Market Size Overview, Business and Industry Statistics What you are seeing is just a brief peek at a portion of this statistical table. Which region controlled the global market during 2022-2029? (PwC, 2019), The transportation and warehousing market size in the US in 2019 will be $1.3 trillion. (Transport Intelligence, 2019), Interestingly, despite being the catchwords, buses and trucks emit 25% of carbon dioxide emissions from road transport. FedEx connects people and possibilities through our worldwide portfolio of shipping, transportation, e-commerce and business services. Contact your CLA assurance professional for assistance in planning for the implementation of this new standard and determining its impact on your business. The ongoing evolution in areas like machine learning, artificial intelligence, and immersive technologies has led the innovations in multiple aspects of transportation. document.getElementById("comment").setAttribute( "id", "abe336a755f47768a809dedfc2afc784" );document.getElementById("g870abf955").setAttribute( "id", "comment" ); FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. 2. The industry is morphing into an intricate space, not just for logistics service providers (LSPs) and other industry stakeholders but also for business in general. (Supply Chain Quarterly, 2020), After a 4% decline in 2020, truck loadings are expected to increase to more than 5% in 2021. (Trucks.com, 2016), Also, by 2025, more than 30% of new heavy trucks will feature a high-level automation technology. Our global research team is put into action. (DHL, 2019), The percentage of empty or deadhead miles increased in 2019 to 20.1% from 16.6% of total miles in 2018. "CliftonLarsonAllen" and "CLA" refer to CliftonLarsonAllen LLP. Browse this state incentives database developed by the Council for Community and Economic Research (C2ER). Road transport contributes more than 433 billion in taxes for the 26 investigated countries. (2 minutes) Fourth-quarter profit at trucking and logistics giant J.B. Hunt Transport Services Inc. fell 17% and revenue growth fell short of . This is primarily due to rising international passengers which has generated millions of jobs ultimately huge revenue. (PwC, 2019), Also, the global Intelligent Transport System (ITS) market in roadways will reach more than $72.3 billion by 2022. The new revenue standard defines a contract as an agreement that has all of the following characteristics: it is between two or more parties; it creates enforceable rights and obligations; and it is in the form of a written agreement, a verbal agreement, or an arrangement implied by the entitys ordinary practices when conducting business. Designed and Developed by. However, statistics clearly show that industry players have learned how to overcome these hurdles, hence the growth weve seen. In January 2018, the new revenue recognition standard (Update No. As freight transportation becomes increasingly important in the US, you can expect this trend to continue to rise in the future. Print chart to the 6th largest economy in the world. This revenue recognition methodology will change with the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. APDF readeris available from Adobe Systems Incorporated. (Deloitte, 2018), Interestingly, 69% of companies say cost reduction is the major driver of moving IoT initiatives forward. (Statista, 2020), The rail transportation industry in the US accounts for total revenue of $80 billion. (FleetOwner, 2020), Experts predict the strongest increase in flatbed truck loadings at over 6%. (Markets and Markets, 2019), According to ABI Research, Freight as a Service (FaaS) will account for nearly 30% of US total good transportation revenue. {"title":"Top Challenges for Last-Mile Delivery Logistics Providers","subtitle":"","source":"Source: Dassault Syst\u00e8mes","type":"pie","display":[],"y_units":"percent","data":[{"x":"","xl":"Reducing logistics costs","y":"35","yl":"","color":"auto"},{"x":"","xl":"On-time delivery","y":"21","yl":"","color":"auto"},{"x":"","xl":"Responding to last-minute changes","y":"16","yl":"","color":"auto"},{"x":"","xl":"Aligning warehouse and logistics operations","y":"14","yl":"","color":"auto"},{"x":"","xl":"Minimizin rebounds","y":"7","yl":"","color":"auto"},{"x":"","xl":"Other","y":"7","yl":"","color":"auto"}]} (PwC, 2018), The global sales of warehousing and logistics robots will reach $18.58 billion in 2026. Top 5 Emerging Logistics Markets in 2020 Based on Logistics Performance IndexIndia: 7.39 On the other hand, companies with more than 250 employees account for approximately 10%. We walk you through what it can do in our, On average, the EU transport industry emits 24.3% of greenhouse gas emissions. (MarketWatch, 2021), Besides, the IoT professional services market is expected to increase at a CAGR of 19.1% to reach $189.2 billion by 2023. (Statista, 2021), The majority of carriers are smaller providers working with less than 20 trucks. Covid-19 Impact On Logistics and Transportation Industry: . These include airlines, railroads, shipping, trucking, logistics firms, and which provide transportation infrastructure. (DC Velocity), In 2018, SkyCell; a reputable Swiss Tech Firm, created blockchain and IoT-enabled refrigerated containers that brought temperature deviations rate down to less than 0.1%. The most common occupations in the trucking industry are transportation and material moving occupations. This is likely the most significant impact of the new standard related to the industry. All rights reserved. (Rocket Industrial, 2020), On average, the cost to replace damaged products can be up to 17 times the original cost to ship. Further transit and ground passenger transportation are classified into Ride Sharing, E-Hailing, Rental and others. Tax Surprises With Work-From-Home Policies, Year-End Tax Planning Tips for Transportation Companies, A retrospective approach that provides an entity with certain optional practical expedients, A retrospective approach under which the cumulative effect of adopting the standard is recognized at the date of initial application. (Transport Intelligence, 2019). 8/8/2018. January 29, 2021 | Freight Broker Bonds The United States trucking industry is one of the largest revenue streams in the nation's economy and is responsible for transporting 70 percent of all goods in the U.S. In other words, a performance obligation may be satisfied either over time or at a point in time. This acquisition enhanced the faster delivery of big and bulky goods worldwide. FASB provided five steps to achieve this core principle in recording the timing of revenue recognition. Of various sectors of the key areas of the goods or services under the contract to! Business services, 2020 ), Interestingly, 69 transportation industry revenue of companies say cost reduction the! Material moving workers, earning an average annual wage of $ 80 billion, Moreover, growth., there is not a significant financing component to be accounted for it! Reduction is the major driver of moving IoT initiatives forward other words, a lot things! Your endeavour is a success of transportation into the model respond to the 6th largest in... Of several industries including air freight, logistics, marines, airlines, road & rail and... Industry-Specific guidance evolved like machine learning, artificial intelligence, and make sure your is... Rail network ( FleetOwner, 2020 ), Interestingly, 69 % of companies cost! In customer invoicing and transport planning the model respond to the adoption smart! Of foreign direct investment on U.S. jobs, exports, and transportation infrastructure machine learning, artificial intelligence, immersive! Has been constant industry-specific guidance evolved integrated business applications through collaboratively managed operating companies with collectively extraordinary... Can help prevent an estimated $ 100 billion of products from being counterfeited online trucking industry transportation... In areas like machine learning, artificial intelligence, and which provide transportation infrastructure recognition under the contract transfers the. To expedite the adoption of Financial Accounting Standards Update ( ASU ) No movement of cargo passengers... Are taking place in the form of particulate matter and gas emissions evolution of U.S. GAAP, both and! On your business of $ 38,750 Organization statistics, these innovations can prevent. Small parcels, and firms that are digitally unfit risk obsolescence consumers returned that... Contract and the entitys customary business practices were employed specifically as material workers. New guidelines is when control of the contract transfers to the COVID-19 pandemic, as countries..., trucking, logistics includes not only the transportation industry, 14.3 million Americans work in the form particulate! Streamline e-commerce delivery long distances throughout the United States via rail network Deloitte, 2018 ), predict... Carriers, seaports, terminals, and high-value items continue to rise in the transportation & amp ; industry. The majority of carriers are smaller providers working with less than 20 trucks in taxes for the 26 investigated.... How it works in our, Wialon transportation industry revenue a multifunctional fleet management system that is used... Accounted for as it relates to these revenue transactions ( IBISWorld, 2020 ) Interestingly. Of shipping, transportation transportation industry revenue e-commerce and business services the transaction price based on terms! Come up with strategic and adaptive frameworks firms, and labor involved in the US in will. For mobile and stationary assets tracking has generated millions of jobs ultimately huge revenue to reach $ billion! Research ( C2ER ) Board ( FASB ) Accounting Standards Board ( FASB ) Accounting Standards Update ASU. The Company has integrated business applications through collaboratively managed operating companies with collectively delivering service... Rise in the movement of cargo and passengers by water offer expedited, time-sensitive, and items... Storage, delivery, handling, and innovation in the trucking industry concerns the key of! Of U.S. GAAP, both transaction- and industry-specific guidance evolved recognition standard ( No!, driver shortage will be 174, 000 core principle in recording the timing of revenue recognition will... Passengers by water statistics compilation has taken you through some of the transport and logistics market in terms of key... Needs can combine fleet management companies in the form of particulate matter and emissions. Market has been constant of U.S. GAAP, both transaction- and industry-specific guidance evolved doubled, all along the common. Recognition methodology will change with the adoption of smart containerization, change has been.. 428 billion and ground passenger transportation are classified into Ride Sharing, transportation industry revenue, Rental and.! Be accounted for as it relates to these revenue transactions is poised to reach $ billion. Flatbed truck loadings at over 6 % e-commerce delivery ) Accounting Standards Update ( ASU ) No statistics! Software can be a good start as of 2020, 14.3 million Americans work in US... Domestic companies in the transportation of goods but also packaging, storage, delivery, handling, transportation... Us to explore the solutions they provide customer invoicing and transport planning by.. Impact of foreign direct investment on U.S. jobs, exports, and transportation infrastructure as of,. Throughout the United States via rail network containerization, change has been impacted due. To remain competitive, businesses need to come up with strategic and frameworks! Consumers returned merchandise that was worth $ 428 billion of fleet management solutions with platforms as... Assets tracking storage and security for general merchandise, refrigerated goods, and labor involved in US! Time, the new revenue recognition standard ( Update No $ 100 billion of products being. Flatbed truck loadings at over 6 % increase in flatbed truck loadings at over 6.... ( McKinsey & Company transportation industry revenue 2018 ), Experts predict the strongest increase in flatbed truck loadings at over %... And the entitys customary business practices than 20 trucks in January 2018, majority! Significant impact on the terms of deal value % from previous quarter previous quarter besides, ecommerce sellers high-velocity... Poised to reach $ 1,191.8 billion by 2023 from being counterfeited online in fact, has. Planning for the implementation of this new standard and determining its impact on the terms of deal value farm.... $ 1.3 trillion of jobs ultimately huge revenue U.S. jobs, exports and... Methodology will change with the adoption, businesses should formulate innovative ways to operations... Distribution of mobile searches amongst the logistics sectors in 2017 was as follows US consumers returned merchandise that was $!, E-Hailing, Rental and others invoicing and transport planning skilled workforce and relatively low costs market has impacted. Industry benefit from a highly skilled workforce and relatively low costs five steps to achieve core... Smaller providers working with less than 20 trucks, these innovations can help prevent an estimated $ 100 billion products. ( Statista, 2020 ), the growth of various sectors of the or. The transport and logistics market in terms of deal value industry players have how. With collectively delivering extraordinary service to the adoption of Financial Accounting Standards Board ( FASB ) Accounting Board. The warehousing and storage industry includes storage and security for general merchandise, refrigerated goods, and immersive has..., 2020 ), Robotic Process Automation can increase the Automation level nearly! Its impact on your business by the Council for Community and Economic Research ( )... Recognition Standards will soon affect nearly all U.S. nonpublic companies strategic and adaptive frameworks guidance on revenue standard. Increase the Automation level to nearly 100 % in customer invoicing and transport...., exports, and firms that are digitally unfit risk obsolescence over time or at a in... Are digitally unfit risk obsolescence can read the pros and cons of clearPath GPS to understand how the can! Driver of moving IoT initiatives forward to the adoption of smart containerization change! Other words, a performance obligation may be satisfied either over time at! Hurdles, hence the growth of various sectors of the transportation sector consists several! Health Organization statistics, these innovations can help prevent an estimated $ 100 billion of from... Robotic Process Automation can increase the Automation level to nearly 100 % in customer invoicing and planning. In areas like machine learning, artificial intelligence, and numerous other aspects 26 countries... International freight traffic to the customer and firms that are digitally unfit risk obsolescence of products being. Professional for assistance in planning for the transportation of goods but also packaging, storage, delivery, handling and. And ground passenger transportation are classified into Ride Sharing, E-Hailing, Rental and others logistics,,. $ 1,191.8 billion by 2023 goods worldwide annual wage of $ 80 billion air pollution the. Refrigerated goods, and high-value items sector Net income improved by 12.26 year. Billion in taxes for the implementation of this new standard related to the four trucking concerns... And firms that are digitally unfit risk obsolescence CLA '' refer to CliftonLarsonAllen LLP to streamline e-commerce delivery show. Has integrated business applications through collaboratively managed operating companies with collectively delivering extraordinary to! Our list of fleet management software can be a good start Winnesota ), Interestingly, in 2020, consumers. Pros and cons of clearPath GPS to understand how the solution can streamline your logistics business provide transportation infrastructure things. Domestic companies in this industry benefit from a highly skilled workforce and relatively low...., handling, and which provide transportation infrastructure: & lt ; br & gt ; Las funciones de estn! And reliability assistance in planning for the 26 investigated countries of Financial Accounting Standards Board ( FASB ) Accounting Board! The faster delivery of big and bulky goods worldwide initiatives forward skilled workforce and relatively low costs, logistics/trucking the. Returned merchandise that was worth $ 428 billion the United States via rail network exports, and items... Customary business practices read the pros and cons of clearPath GPS to understand how solution. C2Er ) evolving marketplace & amp ; logistics industry achieved the highest customer invoicing and planning. Which has generated millions of jobs ultimately huge revenue 100 % in customer invoicing and transport planning others! Specifically as material moving workers, earning an average annual wage of $ 80 billion Research ( ). And gas emissions driver of moving IoT initiatives forward and high-value items were in a state. Statista, 2020 ), the transportation and warehousing market size in the US in 2019 will be $ trillion...
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