The shipping industry is quite complex, much to the surprise of many Americans. Most people who order items online just view it as a simple process by which they receive their products. However, this is a process in which shippers need serious help tracking overweight shipping, specialty freight, expedited trucking, and all other forms of shipments. One of the newest forms of technology comes by way of aerospace logistics services.
Aerospace logistics services are the new form of technology by which shipment companies can track their shipments. This is incredibly important because right now the LTL market is booming. LTL is a shortened version of less-than-truckload and is valued to be at $35 billion.
The amount of cargo that was shipped and moved by way of trucking in the year 2013 managed to reach 15 billion tons. This is a huge amount and many experts believe that this is going to increase. The Bureau of Labor Statistics reports that by the year 2040, this number is going to grow to nearly 19 billion tons. As a result, this is going to be even tougher companies to track their shipments and is exactly where there is plenty of value attached to aerospace logistics services.
The United States Department of Transportation has also projected for their to be huge increases in terms of freight shipments. As a result, there is no question that the value of aerospace logistics services is only going to grow. By the year 2040, there will be an increase of value that will reach $1,377.
Across the entire transportation network, there are nearly 12 million rail cars, locomotives, vessels, and trucks that move goods. These are plenty of different types of shipping methods that require tracking. So shipment companies need to make sure that they are investing the right amount of money in aerospace logistics services.
According to the Federal Motor Carrier Safety Administration, approximately 5.9 million commercial motor vehicle drivers operate in the United States. Much like the number of methods of shipment, this is a high number. So shipment companies need to get the help of aerospace logistics services and other forms of technology to give them help.
The United States sees a high amount of revenue in terms of e-commerce. Now, it is important to define just what e-commerce means that represents online sales. This produces revenue that has a value of nearly $423.3 billion and it is continually climbing. This can include full truckloads, less-than-truckload, parcel, and carriers. There are going to be serious adjustments made to meet the demands of this industry and that is why there is plenty of value in using aerospace logistics services.
The United States freight transportation system included machines, electronics, and motorized vehicles. This is going to expand surely as time goes on. Spending in the U.S. logistics and transportation industry totaled $1.48 trillion in 2015 and represented 8% of the annual gross domestic product.
In Conclusion
Every single year there are so many items shipped and moved across the country by way of plenty of different methods. As a result, the shipping industry is in serious demand and there are huge changes that must be made.
