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The Global Industry Classification Standard (GICS) lists transport below the industrials sector. The sector consists of several industries including logistics and air freight or airlines, marine, road and rail, and their respective infrastructures. Entire stock market indexes focus on the sector, like the Dow Jones Transportation Index (DJTA).
Road transport or road transportation is a type of transport using roads. [1] Transport on roads can be roughly grouped into the transportation of goods and transportation of people. In many countries licensing requirements and safety regulations ensure a separation of the two industries.
The trucking industry (also referred to as the transportation or logistics industry) involves the transport and distribution of commercial and industrial goods using commercial motor vehicles (CMV). In this case, CMVs are most often trucks; usually semi trucks, box trucks, or dump trucks.
The road haulage industry is contributing around 20% of the UK's total carbon emissions a year, with only the energy industry having a larger contribution, at around 39%. Road haulage is a significant consumer of fossil fuels and associated carbon emissions – HGV vehicles account for almost 20 percent of total emissions. [35]
The International Road Transport Union (IRU) was founded in Geneva on 23 March 1948, one year after the United Nations Economic Commission for Europe (UNECE), to expedite the reconstruction of war-torn Europe through facilitated international trade by road transport.
A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi".. The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.