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A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1]. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
The trucking industry employs 10 million people (out of a total national population of 300 million) [51] in jobs that relate directly to trucking. The trucking industry is the industry of small business, considering 93 percent of interstate motor carriers (over 500,000) operate 20 or fewer trucks.
The post was created on October 15, 1966, by the Department of Transportation Act, signed into law by President Lyndon B. Johnson. [2] The department's mission is "to develop and coordinate policies that will provide an efficient and economical national transportation system, with due regard for need, the environment, and the national defense."
Image source: The Motley Fool. Full Truck Alliance (NYSE: YMM) Q4 2024 Earnings Call Mar 05, 2025, 7:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
This includes all aspects of transportation, including the movement of goods and the purchase of all transportation-related products and services as well as the movement of people". [70] Employment in the transportation and material moving industry accounted for 7.4% of all employment, and was the 5th largest employment group in the United States.
Entire stock market indexes focus on the sector, like the Dow Jones Transportation Index (DJTA). In the EU, the transport industry directly employs around 10 million people and accounts for about 5% of the gross domestic product (GDP). Logistics account for 10–15% of the cost of a finished product for European companies.
CRST The Transportation Solution, Inc. (formerly CRST International) is an American freight company based in Cedar Rapids, Iowa. [ 4 ] Founded in 1955 by Herald and Miriam Smith, it is a privately held company with a current fleet of more than 30,000 transportation service providers, 6,000 drivers, [ 5 ] and annual revenues of $1.5 billion.
Integrated within the framework of transport logistic are also Air Cargo Europe, an international trade conference and exhibition for the air cargo business, and marilog, an international conference on maritime logistics. In 2019 transport logistic was held on around 125,000 m 2 of exhibition space. It attracted 64.000 visitors from 125 ...